Edelweiss Financial Services Ltd is raising up to ₹2500 million through NCDs

Edelweiss Financial Services Limited ("EFSL"/ "Company"), today announced the public issue of 25,00,000 Secured Redeemable Non-Convertible Debentures ("NCDs") of the face value of ₹1,000 each for an amount up to ₹1,250 million ("Base Issue Size") with a green shoe option of up to ₹1,250 million, cumulatively aggregating up to ₹2,500 million ("Issue Limit").

The Issue has 10 series of NCDs carrying fixed coupons and having a tenure of 24 months, 36 months, 60 months, and 120 months with annual, monthly and cumulative interest options. Effective annual interest yield on the NCDs ranges from 8.85% p.a. to 10.09% p.a.

The Issue is scheduled to open on Friday, December 5, 2025 and will close on Thursday, December 18, 2025** At least 75% of the funds raised through this Issue will be used for repayment/prepayment of interest and principal of existing borrowings of the Company# and the balance is proposed to be utilized for general corporate purposes*, subject to such utilization not exceeding 25% of the amount raised in the Issue, in compliance with the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021, as amended from time to time ("SEBI NCS Regulations").

#The Company shall not utilize the proceeds of the Issue towards payment of prepayment penalty, if any. *The Net Proceeds will be first utilized towards the Objects mentioned above. The balance is proposed to be utilized for general corporate purposes, subject to such utilization not exceeding 25% of the amount raised in the Issue, in compliance with the SEBI NCS Regulations.

The NCDs proposed to be issued under the Issue have been rated "Crisil A+/Stable (pronounced as "Crisil A plus rating" with Stable outlook).

Trust Investment Advisors Private Limited, Nuvama Wealth Management Limited# and Tipsons Consultancy Services Private Limited are the Lead Managers to the Issue. The NCDs will be listed on BSE Limited to provide liquidity to the investors.

#Nuvama Wealth Management Limited is deemed to be an associate of the Company, as per the Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992, as amended (Merchant Bankers Regulations). Further, in compliance with the provisions of Regulation 21A and explanation to Regulation 21A of the Merchant Bankers Regulations, Nuvama Wealth Management Limited would be involved only in marketing of the Issue and as per Regulation 25 (3) of the SEBI NCS Regulations and shall not issue a due diligence certificate.

Shares of Edelweiss Financial Services Limited was last trading in BSE at Rs. 105.05 as compared to the previous close of Rs. 107.80. The total number of shares traded during the day was 144460 in over 1349 trades.

The stock hit an intraday high of Rs. 107.75 and intraday low of 104.45. The net turnover during the day was Rs. 15248707.00.

Source : Equity Bulls

Keywords

EdelweissFinancialServices INE532F01054 FundRaising NCDs