Offers Effective Yield up to 9% per annum
FinTech BizNews Service
Mumbai, 16 February 2026: IIFL Finance Limited, is a Non-Banking Financial Company – Middle Layer (“NBFC-ML”) registered with the RBI, today announced the launch of public issue of secured listed redeemable non-convertible debentures (NCDs) of face value of Rs 1,000 each for an amount up to Rs500 crore (“Base Issue Size”) with a green shoe option of up to Rs1,500 crore, cumulatively aggregating up to Rs 2,000 crore (“Tranche I Issue Limit”).
The Tranche I Issue has 9 series of NCDs with fixed coupons, tenure of 24, 36 and 60 months and annual, monthly, cumulative interest options
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 9.00% p.a.**. The funds shall be utilised for
onward lending, financing / refinancing the existing indebtedness, and/or debt servicing and general
corporate purpose.
The Tranche I Issue is scheduled to open on Tuesday, February 17, 2026 and is scheduled to close on
Wednesday, March 4, 2026.
The proposed Tranche I Issue has been rated CRISIL AA/Stable by CRISIL Ratings and BWR AA+
(Stable) by Brickwork Ratings, reflecting a high degree of safety regarding timely servicing of
financial obligations and indicating very low credit risk.
Commenting on the issue, Mr. Nirmal Jain, Founder and Managing Director of 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.”
As on December 31, 2025, IIFL Finance reported loan assets under management (AUM) of ₹ 98,336
crore on a consolidated basis. The company continues to maintain strong asset quality, with Gross
Non-Performing Asset (NPA) of 1.60% and Net NPA of 0.75% as a percentage of its consolidated Loan
Book as on December 31, 2025. Additionally, as on December 31, 2025, 83.61% of the Company’s
consolidated Loan Book was secured. On a consolidated basis for Q3 FY26, the company reported a
profit after tax (PAT) of Rs501.35 crore, and for the nine months ended FY26 stood at Rs1,193.46 crore.
The Lead Managers to the Issue are Trust Investment Advisors Private Limited, Nuvama Wealth Management Limited, and IIFL Capital Services Limited. The NCDs are proposed to be listed on BSE Limited and National Stock Exchange of India Limited.
The NCDs will be issued at a face value of ₹1,000 each, with a minimum application size of Rs10,000 across investor categories.
