The issue has a base issue size of Rs 150 crore and a a green shoe option of up to Rs 150 crore.
The issue has 12 series of NCDs carrying fixed coupons and having a tenure of 24 months, 36 months, 60 months, and 120 months with annual, monthly and cumulative interest options. Effective annual interest yield on the NCDs ranges from 9.00% p.a. to 10.49% p.a.
The issue is scheduled to open on Tuesday, 08 July 2025 and close on Monday, 21 July 2025.
At least 75% of the funds raised through this issue will be used for the purpose of repayment/prepayment of interest and principal of existing borrowings of the company and the balance is proposed to be utilized for general corporate purposes, subject to such utilization not exceeding 25% of the amount raised in the issue.
The NCDs proposed to be issued under the issue have been rated ‘Crisil A+’ with stable outlook.
Edelweiss Financial Services, on standalone basis, is primarily engaged in investment banking services and provides development, managerial and financial support to group entities.
The scrip had advanced 1.58% to end at Rs 115.55 on the BSE today.
"Prevent unauthorised transactions in your account ; Update your mobile numbers/email IDs with Us. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day” - Issued in the interest of Investors"
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."
"No need to issue cheques by investors while subscribing to Equity IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."