NCDs are fixed-income debt instruments issued by companies to raise capital for operations or expansion. As the name suggests, NCDs cannot be converted into equity shares, making the investor a creditor rather than a shareholder.
The base issue size is Rs 150 crore, with a green shoe option to retain an oversubscription of an additional Rs 150 crore. Each NCD will have a face value of Rs 1,000 and will be listed on the BSE.
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The issue is scheduled to open on Wednesday, September 24, 2025, and will close on Wednesday, October 8, 2025. It comprises 10 series carrying fixed coupons, with tenures of 24, 36, 60, and 120 months, and options for annual, monthly, and cumulative interest payouts.
The company plans to deploy at least 75% of the funds raised for repayment or prepayment of existing borrowings, while the remainder will be used for general corporate purposes.The debentures carry a “Crisil A+/Stable” rating and will be allotted on a first-come, first-served basis. In case of oversubscription, allotment will shift to a proportionate basis.Trust Investment Advisors Private Limited, Nuvama Wealth Management Limited, and Tipsons Consultancy Services Private Limited are the Lead Managers for the issue. The NCDs will be listed on the BSE to provide liquidity to investors, the company said.
Edelweiss Financial Services shares ended at Rs 120 per share, higher by 1.7% from the last close on the NSE. Shares of the company have risen 31% in the last six months.
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