IIFL Finance to raise up to ₹2,000 crore through NCDs

IIFL Finance Ltd., a Non-Banking Financial Company, has launched public issue of secured listed redeemable non-convertible debentures (NCDs) of face value of ₹ 1,000 each for an amount up to ₹500 crore (Base Issue Size) with a green shoe option of up to ₹1,500 crore, cumulatively aggregating up to ₹2,000 crore (Tranche I Issue Limit).

The Tranche I Issue has 9 series of NCDs carrying fixed coupons and having a tenure of 24 months, 36 months, and 60 months with annual, monthly and cumulative interest options. Effective annual interest yield on the NCDs ranges from 8.70% p.a. to 9% p.a.

The funds will be utilised for onward lending, financing / refinancing the existing indebtedness, and/or debt servicing and general corporate purpose, the firm said.

The Tranche I Issue is scheduled to open on Tuesday, February 17, 2026 and is scheduled to close on Wednesday, March 4, 2026.

Nirmal Jain, Founder and Managing Director, IIFL Finance, said, “This offering represents what investors expect from IIFL Finance — consistency, discipline and reliability. Over three decades we have built our franchise on strong asset quality and timely servicing of obligations across cycles.”

“The secured, CRISIL AA/Stable rated NCDs provide investors predictable returns with flexibility, backed by a well-capitalised balance sheet and prudent underwriting. We value the trust investors place in us and remain committed to safeguarding it,” he added.