Edelweiss Financial Services launches ₹300 cr NCD issue; share jumps 5%

Shares of Edelweiss Financial Services Limited (EFSL) rallied nearly 5% on Wednesday, in an otherwise weak broader market, after the company announced the launch of its public issue of secured, redeemable non-convertible debentures (NCDs) worth up to ₹300 crore. The issue comprises NCDs with a face value of ₹1,000 each, including a base size of ₹150 crore and a green shoe option of another ₹150 crore, EFSL said in a release.

Cheering the news, Edelweiss Financial shares jumped as much as 4.6% to ₹122.35 on the BSE. At the time of reporting, the stock was up 3.08% at ₹120.55, with a market capitalisation of ₹11,404.63 crore. Meanwhile, the BSE Sensex and NSE Nifty were trading 0.4% lower, tracking weak cues from global peers.

The shares of Edelweiss Financial touched its 52-week high of ₹145.50 on September 30, 2024, and a 52-week low of ₹73.51 on May 7, 2025. Currently, the stock is up 64% from its 52-week low, while it is down 17% from its 52-week high level.

The midcap stock has delivered a negative return of 12% in the past one year, while it has risen 34% in the past six months and 20% in a month. On year-to-date, the counter has fallen nearly 3%.

Here’s all you need to know about EFSL NCDs

The issue opened today and will close on October 8, 2025. The Issue has 10 series of NCDs carrying fixed coupons across tenures of 24, 36, 60, and 120 months, with annual, monthly, and cumulative interest payment options. The effective annual yield ranges from 9% to 10.25%.

The issue opened today and will close on October 8, 2025. Allotments, in consultation with BSE, will be made on the basis of the date of application upload. In the event of oversubscription, allotments will be made on a proportionate basis, the release noted.

The NCDs have been rated “Crisil A+/Stable” by Crisil Ratings Limited. The securities will be listed on BSE to provide liquidity to investors.

As per the company, around 75% of the funds raised will be used for repayment or prepayment of interest and principal on existing borrowings, while the remainder will be allocated to general corporate purposes.

Trust Investment Advisors, Nuvama Wealth Management, and Tipsons Consultancy Services are the lead managers for the issue. Nuvama Wealth Management, an associate of EFSL under SEBI’s Merchant Bankers Regulations, will only be involved in marketing the issue and will not issue a due diligence certificate.

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