IIFL Finance ₹500 crore NCD base issue fully subscribed within hours of opening

Non-banking financial company IIFL Finance Ltd on Tuesday (February 17) announced that its secured redeemable non-convertible debenture (NCD) public issue saw the base portion fully taken up within the first half of the opening day.

According to data available on the BSE, bids worth ₹652 crore had been received for the issue.

The issue, which opened earlier in the day, has a base size of ₹500 crore and includes a green-shoe option to retain oversubscription of up to ₹1,500 crore, taking the overall issue size to ₹2,000 crore. The offer is scheduled to close on March 4, 2026.

IIFL Finance Managing Director Nirmal Jain said that the company remains focused on deploying capital prudently to expand access to credit while creating sustainable long-term value for all stakeholders. The funds raised will be utilised for business growth and capital augmentation, it said.

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The NCDs carry an effective yield of up to 9% per annum, with tenors of 24 months, 36 months, and 60 months. Investors can choose from monthly, annual, or cumulative interest payment options. The debentures have received ratings of CRISIL AA/Stable from CRISIL Ratings and BWR AA+ (Stable) from Brickwork Ratings, indicating low credit risk.

As of December 31, 2025, IIFL Finance reported consolidated loan assets under management of ₹98,336 crore, with gross and net non-performing assets at 1.60% and 0.75% of its loan book, respectively. Around 83.6% of its loans are secured with adequate collateral.

The company posted a profit after tax of ₹501.3 crore for Q3 FY26, a 514% increase year-on-year, while PAT for the nine months ended FY26 was ₹1,193.5 crore, up 265% from the previous year. IIFL Finance operates a network of 4,761 branches and employs 36,786 people.

Also Read: IIFL Finance Q3 Results: Stock tanks 15% despite sharp surge in Gold loans; Here’s why

The NCDs, with a face value of ₹1,000 each and a minimum application of ₹10,000, will be listed on BSE Limited and the National Stock Exchange of India. The issue will close on Wednesday, March 4, 2026, but may close earlier depending on demand. Allotments will be made on a first-come, first-served basis.

The lead managers for the issue are Trust Investment Advisors Private Limited, Nuvama Wealth Management Limited, and IIFL Capital Services Limited.

Shares of IIFL Finance Ltd ended at ₹517.00, up by ₹6.20, or 1.21%, on the BSE.