Edelweiss Financial Services Limited (EFSL) is once again tapping the debt market with its latest tranche of secured Non-Convertible Debentures (NCDs), opening on December 5, 2025. With interest rates ranging up to 10.10% and tenures extending to 120 months, this issue is likely to attract investors looking for predictable and stable income options. As always, investors must evaluate the fundamentals of the company, credit rating, and overall risk-reward factors before subscribing. This detailed review covers everything you need to know about the Edelweiss Financial Services NCD December 2025 issue.
About Edelweiss Financial Services Limited
Incorporated in 1995, Edelweiss Financial Services Ltd is a diversified financial services group offering retail and corporate credit, asset reconstruction, wealth management, mutual funds, alternative asset management, and life/general insurance services through its subsidiaries. As of June 30, 2025, the Edelweiss Group consists of 27 subsidiaries and maintains a strong presence across India with 254 domestic offices and 3 international locations.
With a long operating history of nearly three decades, the company has built capabilities across financial verticals. While it has seen business consolidation in recent years, EFSL continues to remain active in the credit and investment segments.
Edelweiss Financial Services NCD December 2025 – Issue Details
- Issue Opens: December 5, 2025
- Issue Closes: December 18, 2025
- Security Type: Secured, Redeemable NCDs
- Base Issue Size: ₹ 125 Crores
- Green Shoe Option: ₹ 125 Crores
- Total Issue Size: ₹ 250 Crores
- Face Value: ₹ 1,000 per NCD
- Issue Price: ₹ 1,000 each
- Minimum Investment: 10 NCDs (₹ 10,000)
- Market Lot: 1 NCD
- Listing: BSE
- Allotment Basis: First Come, First Serve
- Debenture Trustee: Beacon Trusteeship Ltd.
NCD Allocation
- Institutional – 10%
- Non-Institutional – 10%
- HNI – 40%
- Retail – 40%
Edelweiss Financial Services NCD December 2025 – Interest Rates
The issue offers ten different series with annual, monthly, and cumulative interest options. Below is the summary:
| Series | Tenor | Interest Frequency | Coupon Rate | Effective Yield | Maturity Amount |
|---|---|---|---|---|---|
| 1 | 24 months | Annual | 8.85% | 8.85% | ₹ 1,000 |
| 2 | 24 months | Cumulative | NA | 8.85% | ₹ 1,184.85 |
| 3 | 36 months | Monthly | 9.03% | 9.40% | ₹ 1,000 |
| 4 | 36 months | Annual | 9.40% | 9.39% | ₹ 1,000 |
| 5 | 36 months | Cumulative | NA | 9.40% | ₹ 1,309.80 |
| 6 | 60 months | Monthly | 9.44% | 9.86% | ₹ 1,000 |
| 7 | 60 months | Annual | 9.85% | 9.84% | ₹ 1,000 |
| 8 | 60 months | Cumulative | NA | 9.85% | ₹ 1,600 |
| 9 | 120 months | Monthly | 9.67% | 10.10% | ₹ 1,000 |
| 10 | 120 months | Annual | 10.10% | 10.09% | ₹ 1,000 |
The highest yield offered is 10.10% for the 120-month annual payment option.
Credit Ratings
The NCDs are rated CRISIL A+/Stable, indicating an adequate level of safety and low credit risk. While the rating is investment-grade, it is still below AA-category instruments, suggesting moderate risk compared to higher-rated entities.
Objects of the Issue
The company plans to utilise the net proceeds for:
- Repayment or prepayment of existing borrowings (both principal and interest)
- General corporate purposes
Company Financials
Below is the consolidated financial performance of Edelweiss Financial Services Ltd:
| Financial Year | Total Assets (₹ Cr) | Total Income (₹ Cr) | PAT (₹ Cr) | Reserves (₹ Cr) |
|---|---|---|---|---|
| FY 2025 | 41,622.50 | 9,518.71 | 535.82 | 58,260.31 |
| FY 2024 | 42,919.57 | 9,601.58 | 528.05 | 59,593.96 |
| FY 2023 | 44,064.27 | 8,632.59 | 405.56 | 77,563.93 |
Key observations:
- Income declined marginally by 1% YoY (FY24 to FY25)
- PAT increased by 1% YoY
- Assets have been gradually reducing over a 3-year period
- Reserves show significant variation, indicating portfolio restructuring
Why to Invest in Edelweiss Financial Services NCD December 2025
- High Interest Rates: Attractive yields up to 10.10% per annum.
- Secured NCD: Backed by company assets, offering greater safety than unsecured instruments.
- Monthly and Annual Options: Flexible interest payout structures.
- Short to Long Tenure Choices: Investors can choose between 24 to 120 months.
- Diversified Business Model: Presence across lending, asset management, and wealth management.
- Investment-Grade Credit Rating: CRISIL A+/Stable indicates adequate safety.
Why Not to Invest
- Lower Credit Rating vs Top-tier NBFCs: A+ is decent but not as strong as AA or AAA-rated issuers.
- Company’s Evolving Financial Position: Consolidation and restructuring over recent years indicate moderate business stability concerns.
- Long Tenure Risk: 120-month tenure exposes investors to long-term uncertainties.
- Sector Sensitivity: NBFCs are vulnerable to economic slowdowns, liquidity tightness, and regulatory changes.
How to Apply for Edelweiss Financial Services NCD December 2025
Investors can apply through:
- Online via Demat Account: Using platforms like Zerodha, Upstox, ICICI Direct, HDFC Securities, etc.
- ASBA Process: Apply through your net banking portal.
- Registered Brokers and RTAs: Submission of physical/electronic forms through authorised intermediaries.
NCDs are allotted on a first come, first serve basis within each category, so early application is advisable.
Conclusion – Should You Invest?
Edelweiss Financial Services NCD December 2025 offers attractive interest rates with secured backing and an investment-grade rating. The yields of up to 10.10% make it appealing for income-seeking investors. However, investors must also weigh the moderate credit rating, NBFC sector risks, and long-tenure exposure.
This NCD issue may be suitable for:
- Investors seeking higher returns compared to traditional fixed deposits
- Those comfortable with NBFC risk profiles
- Investors diversifying their fixed-income portfolio
Conservative investors and those preferring AAA-rated instruments may skip this issue. Overall, it can be considered a moderate-risk, moderate-to-high return investment option for diversified portfolios.
FAQs on Edelweiss Financial Services NCD December 2025
1. Is the Edelweiss Financial Services NCD safe?
The NCDs carry a CRISIL A+/Stable rating, indicating adequate safety but not the highest level of security.
2. What is the highest interest rate offered?
The highest interest rate is 10.10% for the 120-month annual payout option.
3. Are these NCDs secured or unsecured?
These are secured NCDs backed by company assets.
4. Can retail investors apply?
Yes, 40% of the issue is reserved for retail investors.
5. What is the minimum investment amount?
Investors must apply for at least 10 NCDs (₹ 10,000).
6. Are monthly interest options available?
Yes, monthly interest payout options are available in select series.
7. How will the allotment take place?
Allotment is based on a first come, first serve basis within each investor category.
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