Edelweiss Financial Services successfully closed the public issue of NCDs for Nirma Ltd

Nirma Ltd. Is a leading manufacturer of cleaning products. It is the largest player of the Indian detergent market with a share of c.38% and second largest toilet soap marketer of the country with a share of c.20%. The company manufactures, retails and distributes commercial and industrial cleaning products. The Industrial products include sulfuric acid, glycerin, soda ash and pure salt. The Consumer products include soaps and detergents under the brand name Nirma, edible salt under the brand name Shudh and scouring products which include dish washing bars. Nirma has separate manufacturing facilities for its chemicals like soda ash, linear alkyl benzene, edible and industrial salts • The NCDs are issued in Series V with tenure of 36 months from the deemed date of allotment. The frequency of interest payment will be fixed @ 7.75% p.a payable annually.

Edelweiss acted as an Arranger & arranged INR 2,600 mn (~US$ 37mn) out of total requirement, to meet the debt (NCD) requirements of the Company. This issue of NCDs saw participation from public sector banks of India like Indian Bank, Central Bank of India and Bank of India.

Edelweiss Financial Services

Advised in the sale of

Nirma Ltd.



Consumer Goods

MidCap Alliance