Edelweiss Financial Services launches Rs 300 crore NCD issue with yield up to 10.5%
Synopsis Edelweiss Financial Services has opened its Rs 300 crore secured NCD issue, offering yields of up to 10.49% annually. With 12 investment options across 24 to 120 months, the issue aims to repay existing debt and fund corporate needs. Allotment will be on a first-come, first-serve basis via BSE. Edelweiss Financial Services (EFSL) has announced a public issue of secured redeemable non-convertible debentures (NCDs) worth up to Rs 300 crore. The base issue size is Rs 150 crore, with a green shoe option of another Rs 150 crore.
ADVERTISEMENT The NCDs, with a face value of Rs 1,000 each, will offer effective annual yields ranging from 9.00% to 10.49%, depending on the chosen series. The issue includes 12 series with tenures of 24, 36, 60, and 120 months, offering annual, monthly, and cumulative interest payment options.
Also Read: 10 Nifty large-cap stocks with up to 38 buy calls; analysts see up to 20% upside
The issue opens on July 8, 2025, and will close on July 21, 2025. The debentures have been rated 'CRISIL A+/Stable' by Crisil Ratings, indicating adequate safety.
EFSL will utilise at least 75% of the funds raised for the repayment or prepayment of existing borrowings, with the remainder earmarked for general corporate purposes. The NCDs will be listed on BSE Limited to offer liquidity to investors.Allotment will be done on a first-come-first-serve basis, based on the date of application upload into the BSE's electronic book. On the day of oversubscription and beyond, allotment will be made on a proportionate basis.
ADVERTISEMENT Trust Investment Advisors, Nuvama Wealth Management, and Tipsons Consultancy Services are acting as lead managers to the issue.Also Read: Suzlon, Adani Ports among 10 stocks that earned upgrades in last 1 month. Check revised target price
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
(You can now subscribe to our ETMarkets WhatsApp channel)
Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share
Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained
Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms
Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips
L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first?
Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more
SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders
API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading
Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains
Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains
NEXT STORY
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
First Post
27 minutes ago
- First Post
India's April-July exports to US 7 times faster than overall growth: Trump tariff effect?
Indian exports to the US surged in recent months as companies rushed shipments ahead of potential tariff hikes announced by Donald Trump, a report said. Between April and July, exports to the US grew seven times faster than overall export growth. Majority of Indian exports to the US have been hit by tariffs. Reuters US President Donald Trump's aggressive tariff threats against India appear to have triggered a rush among Indian exporters to ship consignments early, pushing exports to the US to grow at a far quicker pace than overall trade, according to a report from The Times of India. With Trump imposing a 25 per cent reciprocal tariff and warning of an additional penalty linked to India's oil trade with Russia, exports to the US during April–July expanded seven times faster than overall growth. STORY CONTINUES BELOW THIS AD In April, exporters rushed to beat reciprocal tariffs, and a similar frontloading is now evident ahead of the 27 August deadline for a further 25 per cent levy. As a result, shipments to the US rose 21 per cent to $33.5 billion during April–July, compared with overall exports rising just 3 per cent to $149.2 billion, according to commerce department data. With the US now accounting for 22 per cent of India's shipments, exporters face higher vulnerability to a potential 50 per cent duty. Still, the surge in exports has given some companies the room to offer discounts if required. 'We have spent the last week talking to buyers and in case of old buyers we are looking at some additional discount to retain the business even if it means that we have to pay out of our pockets for sometime. 'Although official negotiations with the US (scheduled to start Aug 25) have been postponed, we expect some breakthrough in the forthcoming weeks,' said Sudhir Sekhri, chairman of the Apparel Export Promotion Council (AEPC), as quoted by TOI. Exporters said they had managed to absorb the impact of the first 25 per cent duty already in place, often by sharing costs with buyers and fast-tracking consignments before deadlines. For the next round, some contracts now include clauses stating that discounts will not apply if the additional levy is lifted. STORY CONTINUES BELOW THIS AD Industry leaders, however, warn that a 50 per cent tariff would be unsustainable. 'We operate on a very thin margin of 5-7%, where is the question of offering steep discounts to offset the impact of 25% additional duty? We can sacrifice our profits but can't sustain the business with losses,' said Rajendra Kumar Jalan, chairman of the Council for Leather Exports, adding that ongoing US-Russia talks have offered a ray of hope that the penalty may not be enforced.
New Indian Express
27 minutes ago
- New Indian Express
Teynampet-Saidapet flyover is TN's costliest at Rs 195 crore per km
Soil stabilisation, utility relocation jacked up cost Following the awarding of contract in November-December 2023, civil works of the project, executed by J Kumar Infraprojects, began in January 2024. The new four-lane elevated corridor aims to reduce the travel time between Teynampet and Saidapet on Anna Salai from 40 minutes to just 10 minutes, while easing congestion at seven key intersections — Eldams Road, SIET College Road, Cenotaph Road, Nandanam, CIT Nagar, CIT Nagar 1st Main Road (towards T Nagar), and Jones Road. This section of the arterial Anna Salai handles 2.45 lakh passenger car units per day. A senior highways official attributed the high cost of the Teynampet-Saidapet project to several critical factors such as soil stabilisation challenges requiring micro-piling (since shallow foundations prevented conventional piling), extensive utility relocations in a densely-congested area, and advanced construction techniques to minimise pillar loads and safeguard the underground metro tunnel. 'Soil stabilisation was achieved using geosynthetic materials like geogrids and geocells, among other solutions,' stated an official document released by the state highways department. The Teynampet-Saidapet metro line runs 17-18 metres beneath Anna Salai. The highways have drilled up to 7 metres from the road surface to lay the flyover's foundation. The elevated road spans 2.4 km directly above the metro line, including 460 metres over the Nandanam and Teynampet stations, and 655 metres along the non-metro stretch (excluding entry and exit ramps). In total, 69 pillars are being erected above the metro line, 22 on the non-metro stretch, and 41 portal frames covering the 460 metres over the two stations. As of July, about 30% of the work has been completed, according to official documents. Industry sources said NHAI projects, typically executed under Public-Private Partnership (PPP) mode, are usually more expensive than state highways projects, which are entirely government-funded. 'The estimation of state highways and NHAI projects are arrived at with an anticipation that materials, labour and other expenses will go up by 5% to 7% every year. By all measures, the cost of the state highways project ought to be lower than that of the NHAI unless it's being executed under exceptional conditions,' sources added. Even after accounting for inflation and price escalation, the proposed 18.5 km six-lane elevated corridor between Kilambakkam and Maraimalainagar, with entry and exit ramps at three locations, is estimated to cost Rs 3,450 crore, averaging Rs 188 crore per km. Likewise, two upcoming six-lane elevated corridor projects of NHAI – from Maduravoyal to Outer Ring Road and from ORR to Sriperumbudur, scheduled for award in 2025-26 – are projected to have an average cost of Rs 160 cr/km.
Hans India
27 minutes ago
- Hans India
Farmers left high & dry amid acute urea shortage in Bhadradri
Kothagudem: Althoughthe state government had flagged the sharp shortfall in urea supply to the state and the Centre has since claimed that 'adequate' urea is being supplied to Telangana, the ground reality is pathetic in Bhadradi, where farmers a facing a double whammy. The monsoon has played truant in Bhadradri Kothagudem, where rainfall in June stood at 134.4 mm, against the expected 169.1 mm — a 20% shortfall. Although July saw surplus rainfall, it was unevenly spread and provided little relief to most farmers. That apart, right in the district's heartland and elsewhere an acute shortage of urea is pushing farmers to the brink. The district has over 2.08 lakh acres under cotton cultivation and more than 12,000 acres under paddy. With the Kharif season in full swing, farmers were expecting timely rainfall and adequate fertiliser supplies. However, both have fallen short of the requirement. The district requires 30,277 metric tonnes (MT) of urea by August, but only 19,202 MT have been supplied so far. Of this, 16,786 MT have been distributed, while 3,166 MT remain locked away with private dealers selling them at a premium— raising serious questions over supply chain transparency and accountability. Scenes of desperation are playing out daily at primary agricultural society godowns and dealers' shops. Farmers are queuing up before dawn, hoping to get their hands on just a couple of urea bags. In many mandals, godowns are located miles away, forcing small and marginal farmers to spend avoidable extra on transport — often Rs. 50 per bag just, apart from auto fares. The other option is worse: 'We can't afford to wait in line for hours, only to be told 'stock is over'. If we go to private dealers, they charge Rs. 350 or more per bag,' laments Satish, a farmer from Rampuram. 'Cultivating cotton without urea at this stage is unthinkable.' Amid spotty monsoon rains, nutrient support becomes even more vital. Although the Agriculture Department claims 'there is no shortage', officials quietly admit in confidence that 'at least 10,000 MT more urea is needed immediately'. What is galling is that, some large farmers are allegedly hoarding stock by leveraging their influence at cooperative societies. This way, small farmers are being elbowed out by biometric systems and unwarranted delays in distribution. When contacted, District Agriculture Officer V. Baburao said, 'We are conducting inspections and have warned dealers against overpricing. Nano urea is also being promoted as an alternative, though farmers remain hesitant. Another 10,000 MT of urea is expected soon.' All told, hope is wearing thin for most farmers. Paddy fields are drying up, and cotton crops are showing stunted growth. As the Kharif season enters a critical phase, farmers are demanding immediate government intervention, transparent distribution of fertilisers, and strict action against black marketing. As of now, the fields of Bhadradri are parched, abandoned by the very systems that are meant to sustain them.
