HT Bureau
GUWAHATI, Feb 16: IIFL Finance Limited has announced a public issue of secured redeemable non-convertible debentures (NCDs) to raise up to ₹2,000 crore, offering investors yields of up to 9 per cent per annum.
The issue will open on February 17, 2026, with a base size of ₹500 crore and a green-shoe option to retain oversubscription up to ₹1,500 crore.
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The company said the funds will be utilised for business expansion and capital augmentation.
The NCDs will be available in tenors of 24 months, 36 months and 60 months, with interest payment options including monthly, annual and cumulative payouts.
The proposed issue has been rated CRISIL AA/Stable and BWR AA+ (Stable), indicating a high degree of safety regarding timely servicing of financial obligations and low credit risk.
IIFL Finance founder and managing director Nirmal Jain said the fund-raising will support the company’s efforts to expand credit access and diversify funding sources, adding that the NBFC serves over 4.6 million customers across India.
As of December 31, 2025, the company reported consolidated assets under management of ₹98,336 crore.
It maintained strong asset quality with gross non-performing assets at 1.60 per cent and net NPAs at 0.75 per cent of its consolidated loan book.
For the third quarter of FY26, IIFL Finance reported a profit after tax of ₹501.3 crore, registering a 514 per cent year-on-year increase, while profit for the nine months of FY26 stood at ₹1,193.5 crore, up 265 per cent year-on-year.
The company has a network of 4,761 branches and a workforce of 36,786 employees across the country as of December 31, 2025.
The NCDs will carry a face value of ₹1,000 each, with a minimum investment of ₹10,000.
The issue is scheduled to close on March 4, 2026, with provisions for early closure, and allotment will be on a first-come, first-served basis. The bonds are proposed to be listed on the BSE and NSE.
