Edelweiss Financial Services Ltd. (EFSL) ā formerly known as Edelweiss Capital Ltd. commenced its business as an investment banking firm, it diversified through its subsidiaries to include credit including retail and corporate credit, asset management including mutual fund and alternative asset management business, asset reconstruction, insurance both life and general insurance business, and wealth management business.
The company constantly pursues innovation and invest in new ideas, newer products and newer alternate channels of delivery. It seeks to add significant value by providing new and innovative products and services and are committed to focusing on six key vectors in its journey into the future ā people management, cost management, risk management, technology, customer experience and innovation ā while adhering to its business principles ā which emphasizes placing clientsā interests first, commitment to excellence and innovation and teamwork.
It has a pan-India and international network with 299 (two hundred and ninety nine) inclusive of 296 (two hundred and ninety six) domestic offices, and 3 (three) international offices (total 299 offices) and have an employee strength of 6202 as at March 31, 2026.
The company has emerged as the frequent debt market visitor and is now coming out with its 20th NCD issue since December 2020. The company will issue 3000000 Secured Redeemable NCDs having a face value of Rs. 1000 each for an amount of Rs. 150 cr. with a green shoe option of retaining oversubscription up to Rs. 150 cr., thus making an overall issue size of Rs. 300 cr. The issue opens for subscription on June 08, 2026, and will close on or before June 19, 2026. Post allotment, NCDs will be listed on BSE only.
For this issue, the merchant bankers are Trust Investment Advisors Pvt. Ltd., Nuvama Wealth Management Ltd., and Tipsons Consultancy Services Pvt. Ltd., while KFin Technologies Ltd. is the registrar of the issue. Beacon Trusteeship Ltd. is the Debenture Trustee.
The company is spending Rs. 9.01 cr. for this debt offer and from the net proceeds, it will utilize at least 75% for the purpose of repayment/prepayment of existing borrowings with interest, and a maximum of up to 25% for general corporate purposes. A minimum application is to be made for 10 NCDs (i.e., Rs. 10000) and in multiple of 1 NCD (i.e., Rs. 1000) thereon, thereafter.
This debt issue carries coupon rates ranging between 8.65% to 10.00% based on the series opted by the investors. It has tenors of 24 months, 36 months, 60 months, and 120 months. Frequency of interest payment will be either Monthly, Annually or Cumulative as per the selection of series by the investors. The company has allocated 10% for Institutional investors, 10% for non-institutional investors, 60% for HNIs and 20% for Retail investors.
This issue is rated CRISIL A+/ Stable by CRISIL Ratings Ltd. The ratings given by the Credit Rating Agencies are valid as of the date of this Prospectus and shall remain valid until the ratings are revised or withdrawn. Securities with these ratings are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such securities carry low credit risk.
The rating is not a recommendation to buy, sell, or hold securities and investors should make their own decision. The rating may be subject to revision or withdrawal at any time by the assigning rating agency and each rating should be evaluated independently of any other rating. The rating agency has a right to suspend or withdraw the rating at any time on the basis of factors such as new information.
On the financial performance front, for the last three fiscals, EFSL has (on a consolidated basis) posted a total income of Rs. 7212.59 cr. / Rs. 212.07 cr. (FY22), and Rs. 8632.59 cr. / Rs. 405.56 cr. (FY23), and Rs. 9601.58 cr. / Rs. 528.05 cr. (FY24) Rs. 9518.71 cr. / Rs.535.82 cr. (FY25), Rs. 10865.14 cr. / Rs. 680.46 cr. (FY26). The company posted growth in its top and bottom lines for the reported periods.
Its debt/equity ratio of 3.11 as of March 31, 2026, will increase to 3.16 post this issue. As of March 31, 2026, its paid-up equity capital of Rs. 94.65 cr. was supported by other equity worth Rs. 4528.47 cr.
The company is bringing its 20th debt issue since December 2020. The last debt offer from the company was in the month of March 2026. The rating for this issue is maintained at A+/ Stable by CRISIL. The company has maintained the coupon rates to 8.65% to 10.00%. Well-informed Investors may park moderate funds for the medium term.
Dilip Davda is a veteran financial journalist associated with the Indian stock market since 1978. He has been contributing to print and electronic media on capital markets, insurance, and finance since 1985.
He is widely recognized for reviewing public issues and non-convertible debentures (NCDs) in the primary market. Drawing on over three decades of market experience and close interaction with merchant bankers, his reviews focus on detailed fundamental and financial analysis of companies, with a special emphasis on SME public issues.
Disclaimer: The information provided herein is solely for educational and informational purposes and does not constitute an offer, solicitation, or recommendation to buy or sell any securities. Readers are advised to consult a qualified financial advisor before making any investment decisions. Investments in the securities market are subject to market risks. The author does not intend to invest in the securities discussed.
