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IPOs, NCDs, OFS, Rights Issues, Buyback and Stock Brokers

Open Date

Mon, Mar 2, 2026

Close Date

Mon, Mar 16, 2026

Issue Size (Tranche)

₹350.00 Cr

Coupon Rate

Upto 10% p.a.

IPO Details

  • Security Name
    Edelweiss Financial Services Ltd.
  • Issue Size (Base)
    ₹175.00 Cr
  • Tranche Issue Size
    ₹350.00 Cr
  • Tranche Number
    1
  • Face Value
    ₹1000 each NCD
  • Market Lot
    1 NCD
  • Basis of Allotment
    FCFS
  • Security Type
    Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
  • Issue Size (Oversubscription)
    ₹175.00 Cr
  • Issue Price
    ₹1000 per NCD
  • Minimum Lot size
    10 NCD
  • Listing at
    BSE
  • Debenture Trustee/s
    Beacon Trusteeship Ltd.

NCD Coupon Rates

# Series 1 Series 2 Series 3 Series 4 Series 5 Series 6 Series 7 Series 8 Series 9 Series 10
Frequency of Interest Payment Annual NA Monthly Annual NA Monthly Annual NA Monthly Annual
Nature Secured Secured Secured Secured Secured Secured Secured Secured Secured Secured
Tenor 24 Months 24 Months 36 Months 36 Months 36 Months 60 Months 60 Months 60 Months 120 Months 120 Months
Coupon (% per Annum) 8.65% NA 8.80% 9.15% NA 9.21% 9.60% NA 9.58% 10.00%
Effective Yield (% per Annum) 8.64% 8.65% 9.15% 9.14% 9.15% 9.60% 9.59% 9.60% 10.10% 9.99%
Amount on Maturity (In Rs.) Rs 1,000.00 Rs 1,180.75 Rs 1,000.00 Rs 1,000.00 Rs 1,300.70 Rs 1,000.00 Rs 1,000.00 Rs 1,581.85 Rs 1,000.00 Rs 1,000.00

NCD Rating

Edelweiss Financial Services Ltd. NCD Rating given as following :

Rating Agency NCD Rating Outlook Safety Degree Risk Degree
1. Crisil Ratings Limited A+ Stable Adequate degree of safety Low credit risk

Edelweiss Financial Services Ltd. Financial Information (Restated Consolidated)

Edelweiss Financial Services Ltd.’s revenue decreased by 1% and profit after tax (PAT) rose by 1% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 41,622.50 42,919.57 44,064.27
Total Income 9,518.71 9,601.58 8,632.59
Profit After Tax 535.82 528.05 405.56
Reserves and Surplus 58,260.31 59,593.96 77,563.93
Amount in ₹ Crore

Company Promoters

The company’s promoters are Mr. Rashesh Chandrakant Shah, Mr. Venkatchalam A. Ramaswamy, Ms. Vidya Rashesh Shah, and Ms. Aparna T.C.

NCD Allocation

Category  Shares Reserved
Institutional 1,75,000
Non-Institutional 1,75,000
HNI 10,50,000
Retail 3,50,000
Total 17,50,000

About Edelweiss Financial Services Ltd.

Incorporated in November 1995, Edelweiss Financial Services Limited (EFSL), formerly known as Edelweiss Capital Limited, is a Mumbai-based investment banking firm and Merchant Banker.

Edelweiss provides retail and corporate credit, asset management, including mutual fund and alternative asset management, asset reconstruction, insurance both life and general insurance, and wealth management services through its subsidiaries.

As of December 31, 2025, it has a PAN india presence international network with 263 (two hundred and sixty three) inclusive of 260 (two hundred and sixty) domestic offices, and 3 (three) international offices (total 263 offices) and employs 5,866.

Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • # Issue Objects
    Est Amt (₹ Cr.)
  • 1 For the purpose of repayment /prepayment of interest and principal of existing borrowings of the Company
  • 2 General corporate purpose
  • Total
    0.00

NCD Review

[Dilip Davda] This is the 19th debt issue from the company since December 2020. The last debt offer from the company was in the month of December 2025. The rating for this issue is maintained at A+/ Stable by CRISIL. The company has reduced coupon rates between 8.65 to 10.00%. Well-informed Investors may park moderate funds for the medium term. Read detail review…

NCD Subscription Status

The Edelweiss Financial Services NCD February 2026 was subscribed 2.23 times on Mar 16, 2026 17:00. The NCD subscribed 2.08 times in Retail, 2.63 times in HNI, 2.26 times in Non-Institutional, and 0.09 times in Institutional category.

Category  Subscription (times)
Retail 2.08x
HNI 2.63x
Non-Institutional 2.26x
Institutional 0.09x
Total 2.23x

Check Day by Day Bidding Details

Company Contact Information

Edelweiss Financial Services Ltd.
Edelweiss House,
Off C.S.T. Road,
Kalina,
Mumbai, Maharashtra, 400098

NCD Registrar

Kfin Technologies Ltd.

  • 04067162222, 04079611000
  • efsl.ncdipo@kfintech.com
  • Visit Website

NCD Lead Manager(s)

  1. Trust Investment Advisors Pvt.Ltd.
  2. Nuvama Wealth Management Ltd.
  3. Tipsons Consultancy Services Pvt.Ltd.

IPO FAQs

NSE and BSE offer NSEgoBid and BSEDirect apps/websites through which retail investors can apply for NCDs up to Rs 5 lakhs. Not all brokers and banks provide the facility to apply for NCD online.

To apply for an NCD online, the investor should fill in the NCD bid details online and provide the details of the DP and bank accounts (ASBA/UPI) as requested. In the case of a UPI application, the investor needs to approve the UPI mandate to complete the application process.

Steps to invest in NCD IPO through GoldenPi

Retail investors can apply for an IPO online if the investment amount is less than or up to 10 lakhs.

  1. Visit www.goldenpi.com
  2. Look for the “Collections” tab.
  3. Click on Best Ongoing IPOs.
  4. Select the desired NCD IPO.
  5. Select the series and investment quantity.
  6. Enter your name, email ID and mobile number for verification.
  7. Enter PAN and demat account details,
  8. Enter the UPI ID.
  9. Click on “Apply IPO”.
  10. Approve the UPI mandate.

Steps to apply for NCD IPO with Indiabonds:

  1. Visit www.indiabonds.com
  2. Look for the ‘Products’ section on the home page.
  3. Go to Public Issue
  4. Select the desired NCD.
  5. Click on ‘Apply Now’.
  6. Select the investor type and category.
  7. Select the investment series and enter the quantity.
  8. Click on Invest.
  9. Enter the personal details, i.e. name, date of birth, e-mail, contact, address, demat information and payment details.
  10. Preview and confirm the form.
  11. Confirm the UPI mandate upon receipt.

You can buy or invest in NCD IPOs through the following intermediaries:

  1. Registered stock brokers, for example, Angel Broking.
  2. Self-certified underwriters.
  3. Depository Participants.
  4. NSE platform – NSEgoBid.
  5. BSE platform – BSEDirect.

The investor can apply for the NCD IPO online through NCD intermediaries such as a registered stockbroker, provided the broker offers an online application for the NCD IPO. Not many brokers allow you to invest in an NCD IPO online. Currently, very few brokers, such as Nuvama Wealth, Angel One, and SBI Securities, offer the facility to apply for NCD IPOs electronically. You should check with your broker or intermediary to see if the online application facility for the NCD IPO is available through them.

Refer to the detailed guidelines on NSEgoBID and BSEDirect for information on the registration process and how to apply for NCDs through the exchange.

Important links :

  • Web links of BSEDirect and NSEgoBID.
  • PlayStore links for BSEDirect and NSEgoBID.
  • AppStore links for BSEDirect and NSEgoBID.

Read more about NCD Application Process.

The coupon rates for Edelweiss Financial Services Ltd. NCDs vary depending on the series and tenure.

Specifically, Series 1 offers 8.65% for 24 months, Series 3 offers 8.80% for 36 months, Series 4 offers 9.15% for 36 months, Series 6 offers 9.21% for 60 months, Series 9 offers 9.58% for 120 months, Series 7 offers 9.60% for 60 months, Series 10 offers 10.00% for 120 months, and the highest coupon rate of 10.00% is offered for Series 10 with tenures 120 months.

The minimum amount required for NCD investment is Rs. 10,000.

Generally, the minimum lot size of NCD is 10, and the face value is 1,000.

NCD allotment can be checked on the BSE website or with the Registrar once the allotment has been made.

Steps to check the NCD allotment status at the BSE:

  • Visit the BSE status of the issue application page.
  • Select the Issue type – Debt.
  • Select the Issue name from the drop-down list.
  • Enter your application number or PAN.
  • Tick ‘I’m not a robot’ button.
  • Click on Search.

Alternatively, the applicant can also check the allotment status on the respective website of the Registrar for the issue. The applicant will need their PAN details or the applicant’s Aadhaar number to check the status.

Generally, all applicants receive full allotment due to the retention of the oversubscription option.

Read more information on NCD Subscription and NCD Allotment Process.

No, you cannot withdraw or redeem Edelweiss Financial Services Ltd. NCDs before maturity directly from the company. However, there are a couple of options available if you want to exit early:

  1. Listing on Stock Exchange (Secondary Market Sale)

If the NCDs are listed on stock exchanges (like BSE/NSE), you can:

  • Sell them on the exchange before maturity, just like shares.
  1. Early redemption by the company

Only possible if a “call option” exists.

Read more about NCD Subscription and Allotment Process

Bid Cancellation and Withdrawal Policy for NCD Applicants

  • Before Issue Closure:
    Applicants are allowed to cancel their bid at any time before the issue closing date.
  • After Issue Closure:
    Some issuers may permit bid withdrawal even after the issue has closed.
    In such cases, the applicant must:

    • Submit a withdrawal request to the Registrar to the Issue.
    • Ensure the request is made before the finalisation of the Basis of Allotment.
    • Submit the request no later than two working days from the date of issue closure (or early closure, if applicable).

Note:
The specific process and conditions for post-closure cancellation vary by issuer. Applicants should refer to the Offer Document for issuer-specific guidelines.

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