SECTOR
Edelweiss Financial Services to raise up to Rs 300 crore through NCDs
Jun-08-2026

Edelweiss Financial Services is all set to raise up to Rs 300 crore through a public issue of secured redeemable non-convertible debentures (NCDs) of the face value of Rs 1,000 each. The public issue has a base issue size of Rs 150 crore and a green shoe option of up to Rs 150 crore, cumulatively aggregating up to Rs 300 crore. 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 8.64% per annum to 10.00% per annum. The Issue is scheduled to open on Monday, June 8, 2026 and close on Friday, June 19, 2026. The NCDs proposed to be issued under the Issue have been rated Crisil A+/Stable (pronounced as ‘Crisil A plus rating’ with Stable outlook).

At least 75% of the funds raised through this Issue will be used for the purpose of 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.

Edelweiss Financial Services is primarily engaged in the business of rendering merchant banking services. The company operates in two segments - agency business and holding company activities.

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