IIFL Finance Limited is a Non-Banking Financial Company – Middle Layer (NBFC-ML) registered with the Reserve Bank of India (RBI). The company offers a diverse range of financial products to meet the credit needs of both retail and corporate clients. Its offerings include home loans, gold loans, MSME secured and unsecured loans, personal loans, supply chain finance, microfinance, construction and real estate finance, and capital market finance. With a strong nationwide presence, IIFL Finance operates over 2,600 branches across more than 500 cities.
IIFL Finance Limited is a prominent financial services is coming up with a public issue by the company of secured, redeemable, non-convertible debentures of face value ₹ 1,000 each (“NCDs” or “debentures”), for an amount up to ₹500 crores (“base issue size”) with an option to retain oversubscription up to ₹1,500 crores, aggregating up to ₹2,000 crores is being offered by way of this prospectus. The issue opens for subscription on Tuesday, February 17, 2026 and will close on Wednesday, March 4, 2026. The allotment is on a first come first serve basis with the minimum application to be made is of 10 NCDs.
IIFL Finance Limited NCD Details:
| Issue opens: | Tuesday, February 17, 2026 | ||||
| Issue closes: | Wednesday, March 4, 2026 | ||||
| Allotment: | First come First Serve Basis | ||||
| Face Value: | Rs 1000 per NCD | ||||
| Nature of Instrument: | Secured Rated Redeemable Non- Convertible Debentures | ||||
| Minimum Application: | 10 NCDs (Rs.10, 000) & in multiple of 1NCD | ||||
| Listing: | BSE,NSE | ||||
| Credit Rating: | Crisil AA/Stable” (pronounced as Crisil double A rating with Stable outlook) for an amount of ₹ 2000 crore by Crisil Limited (“Crisil”) and “[BWR] AA +(stable)” for an amount of ₹ 2,000 Crore Brickworks | ||||
| Issue Size: | Public Issue by the Company of up to 2,00,00,000 secured, rated, listed, redeemable, Non-Convertible Debentures of face value ₹1,000 each (“NCDs” or “Debentures”), amounting up to ₹500 crore (“Base Issue Size”) with an option to retain oversubscription of up to ₹1,500 crore (“Green Shoe Option”) aggregating up to ₹2,000 crore. | ||||
| Registrar: | MUFG Intime India Private Limited | ||||
| Category | I – Institutional (“QIB”) | II – Non-Institutional (“Corporates”) | III – High Net worth
Individual (“HNI”) (Amount aggregating to above ₹ 10 lakh) |
IV – Retail Individual (“Retail”) (Amount aggregating up to and including ₹ 10 lakh) | |
| Category Allocation of the overall Issue Size | 20% of Overall Issue Size
|
30% of Overall Issue Size
|
35% of Overall Issue Size
|
15% of Overall Issue Size
|
|
IIFL FINANCE LIMITED NCD
Application form
Issue Break Up:
| Category | Allocation | Amount in Crs. | |||
| Base issue Issue | |||||
| Institutional Investors | 20% | 100 | 400 | ||
| Non Institutional Investors | 30% | 150 | 600 | ||
| HNI | 35% | 175 | 700 | ||
| Retail Individual Investors | 15% | 75 | 300 | ||
| Total | 100% | 500 | 2000 | ||
Specific Terms of the Prospectus:
The terms of the NCDs offered under the Issue are as follows:
Yield (p.a.)
| Series | II | III | IV | V* | VI | VII | VIII | IX | ||
| Frequency of Interest Payment | Monthly | Monthly | Monthly | Annual | Annual | Annual | NA | NA | NA | |
| Minimum Application | ₹ 10,000 (10 NCDs) across all Series | |||||||||
| Face Value/ Issue | ₹ 1,000 | |||||||||
| Price of NCDs (₹/ NCD) | ||||||||||
| In Multiples of thereafter (₹) | ₹ 1,000 (1 NCD) | |||||||||
| Tenor | 24 months |
36 months |
60 months |
24 months |
36 months |
60 months |
24 months |
36 months |
60 months |
|
| Coupon (% per annum) for NCD Holders in Category I, II, III & IV |
8.37% | 8.52% | 8.65% | 8.70% | 8.85% | 9.00% | NA | NA | NA | |
| Effective Yield (per annum) for NCD Holders in Category I, II, III & IV |
8.70% | 8.85% | 9.00% | 8.69% | 8.84% | 8.99% | 8.70% | 8.85% | 9.00% | |
| Mode of Interest Payment | Through various modes available | |||||||||
| Amount (₹ / NCD) on Maturity for NCD Holders in Category I, II, III & IV |
₹ 1,000.00 |
₹ 1,000.00 |
₹ 1,000.00 |
₹ 1,000.00 |
₹ 1,000.00 |
₹ 1,000.00 |
₹ 1,181.85 |
₹ 1,290.00 |
₹ 1,539.00 |
|
| Maturity / Redemption Date (Months from the Deemed Date of Allotment) |
24 months |
36 months |
60 months |
24 months |
36 months |
60 months |
24 months |
36 months |
60 months |
|
| Put and Call Option | NA | |||||||||
*The Company shall allocate and allot Series V NCDs wherein the Applicants have not indicated the choice of the relevant NCD Series.
For any queries related to the NCD, you can consult the team at Elite Wealth. Since Demat is mandatory for investing in this particular NCD, the investor must open a Demat account with a trusted broker like Elite Wealth.
