Edelweiss Financial Services NCD September 2026 Details & Guidance
Published: 21 September 2026
NCD Issue Opened on 21 September 2026
NCD Issue Closes on 5 October 2026
NCD guidance is given at the bottom of this post. The company’s September 2026 prospectus is available through its Investor Services page. EdelweissFin
About the Company
Founded in 1995, Edelweiss Financial Services Limited operates through subsidiaries in credit, asset management, asset reconstruction and insurance. Its diversified operations give the group several sources of business activity, although NCD investors must assess the repayment capacity of the issuing company itself.
According to the company’s September 2026 issue announcement, it had 307 domestic offices, three international offices and 6,359 employees as of 30 June 2026.
NCD Promoters
Rashesh Chandrakant Shah, Venkatchalam A. Ramaswamy, Vidya Rashesh Shah and Aparna T.C.
NCD Rating
The NCDs carry a CRISIL A+/Stable rating. This indicates an adequate degree of safety regarding timely servicing of financial obligations; it does not eliminate default risk or guarantee returns.
Edelweiss Financial Services NCD September 2026 Details
| Particular | Details |
|---|---|
| Issue Period | 21 September–5 October 2026 |
| Security Type | Secured, redeemable, non-convertible debentures |
| Base Issue Size | Rs. 150 crore |
| Oversubscription Option | Up to Rs. 150 crore |
| Maximum Issue Size | Rs. 300 crore |
| Issue Price / Face Value | Rs. 1,000 per NCD |
| Minimum Application | 10 NCDs, or Rs. 10,000 |
| Market Lot | 1 NCD |
| Proposed Listing | BSE |
| Credit Rating | CRISIL A+/Stable |
| Tenors | 24, 36, 60 and 120 months |
| Payment Options | Monthly, annual and cumulative, depending on series |
| Allotment Basis | First come, first served; proportionate allotment applies to applications received on a day of oversubscription |
| Debenture Trustee | Beacon Trusteeship Ltd. |
NCD Allocation Ratio
| Category | Allocation |
|---|---|
| Institutional | 10% |
| Non-Institutional | 10% |
| HNI | 60% |
| Retail | 20% |
Edelweiss Financial Services NCD Coupon Rates
| Particular | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 | Series 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Payment Frequency | Annual | Cumulative | Monthly | Annual | Cumulative | Monthly | Annual | Cumulative | Monthly | Annual |
| Tenor | 24 M | 24 M | 36 M | 36 M | 36 M | 60 M | 60 M | 60 M | 120 M | 120 M |
| Coupon | 8.65% | NA | 8.80% | 9.15% | NA | 9.21% | 9.60% | NA | 9.58% | 10.00% |
| Effective Yield | 8.64% | 8.65% | 9.15% | 9.14% | 9.15% | 9.60% | 9.59% | 9.60% | 10.00% | 9.99% |
Coupon and effective yield serve different purposes. Cumulative series do not make periodic interest payments; their stated return is reflected in the maturity amount.
Objects of the Issue
The proceeds are intended primarily for repayment or prepayment of interest and principal on existing borrowings. The balance is intended for general corporate purposes. The company’s issue announcement states that at least 75% of proceeds will go towards existing borrowings and no more than 25% towards general corporate purposes.
Edelweiss Financial Services Financial Information — Restated Standalone
| Particulars (Rs. crore) | FY26 | FY25 | FY24 |
|---|---|---|---|
| Assets | 10,197.22 | 8,745.95 | 8,878.91 |
| Total Income | 831.02 | 383.41 | 1,027.68 |
| Profit After Tax | 447.52 | (51.91) | 695.21 |
| Reserves and Surplus | 5,972.08 | 5,424.95 | 5,372.95 |
Financial interpretation: FY26 standalone profit was Rs. 447.52 crore, compared with a loss in FY25. This is a return to profit, so describing the change as “962% profit growth” would be misleading. Profit was also below FY24’s Rs. 695.21 crore. Investors should review the prospectus for the causes of these swings and the issuer’s debt-servicing position.
Address of the Company
Edelweiss Financial Services Limited
Edelweiss House, Off C.S.T. Road, Kalina,
Mumbai, Maharashtra – 400098
NCD Lead Managers
Trust Investment Advisors Pvt. Ltd.
Nuvama Wealth Management Ltd.
Tipsons Consultancy Services Pvt. Ltd.
NCD Registrar
KFin Technologies Ltd.
Edelweiss Financial Services NCD September 2026 Review
The issue offers a choice of tenors and payment schedules, with an effective yield reaching 10.00% per annum in the supplied series table. The CRISIL A+/Stable rating and secured structure are positive features. Investors should nevertheless examine the security cover and repayment terms in the prospectus: “secured” does not mean repayment is certain or immediate if the issuer encounters financial difficulty.
The wide variation in standalone profit across FY24–FY26 deserves attention. Investors choosing a 120-month series would remain exposed to the issuer’s credit position for a much longer period than those choosing a 24-month series. Although listing is proposed on BSE, the price and ease of selling an NCD before maturity will depend on secondary-market demand.
Chanakya View
🟡 Consider selectively for a diversified fixed-income allocation. The issue may suit investors who understand corporate credit risk and can hold their chosen series to maturity. Those seeking periodic income can examine the monthly or annual payout series; investors who do not need regular payments can compare the cumulative series.
Conservative investors may prefer a shorter tenor and a limited allocation. Do not select the 10-year series solely for its headline yield. Read the September 2026 prospectus, including the security and risk disclosures, before applying.
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