IIFL Finance to Launch Public Issue of NCDs worth up to ₹2,000 Crore
IIFL Finance is launching a public issue of NCDs worth up to ₹2,000 crore. The issue opens on February 17, 2026, and closes on March 4, 2026. NCDs have a face value of ₹1,000 and offer tenors of 24, 36, and 60 months with coupon rates up to 9.00%.
The fundraising of ₹2,000 crore is a material amount for the company and could impact its financial leverage and liquidity.
The announcement is a routine debt fundraising activity and does not contain any significantly positive or negative news.
IIFL Finance Limited has announced the upcoming public issue of secured, rated, listed, redeemable, non-convertible debentures (NCDs) with a base issue size of ₹500 crore and an option to retain oversubscription up to ₹1,500 crore, aggregating to a total of ₹2,000 crore. This Tranche I Issue is within the company's shelf limit of ₹2,000 crore.
The Finance Committee of the Board of Directors approved the issue on February 12, 2026. The Tranche I Issue is set to open on Tuesday, February 17, 2026, and will close on Wednesday, March 4, 2026. The NCDs will be listed on both the BSE and NSE, with NSE designated as the primary stock exchange. The face value of each NCD is ₹1,000.
The issue offers various tenors ranging from 24 to 60 months, with coupon rates varying from 8.37% to 9.00% per annum for certain categories of holders. The NCDs will be secured by a first-ranking pari passu charge on the company's receivables, book debts, loans, advances, and current assets. Specific details regarding interest payment frequency, redemption dates, and coupon rates for different series are provided in Annexure A of the Tranche I Prospectus dated February 12, 2026.
What to do with a filing like this
IIFL Finance Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by IIFL Finance Limited. Read the original for the full detail.