IIFL Finance Limited NCD

Non-banking financial company(NBFC)| Rs. 10,000 Min Investment

Issue Opening Date
Tuesday 17-Feb 2026
Issue Closing Date
Wednesday 04-Mar 2026
Credit Ratings
“CRISIL AA/Stable & BWR AA+/Stable”
Issue Size (Net)
up to Rs.2,000 Crores
IIFL Finance Limited NCD ClosedOpen
Non-banking financial company(NBFC)

Rs. 10,000

Min. investment

1. Company Information

IIFL Finance Limited is a leading Indian non-banking financial company (NBFC), established in 1995 and headquartered in Mumbai, India. Listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), the company provides a wide range of financial products and services to retail and corporate customers across the country. Its offerings include home loans, gold loans, business and SME loans, microfinance, loans against property, construction finance, and capital market finance.Through its subsidiaries such as IIFL Home Finance and IIFL Samasta Microfinance, the company extends its reach into affordable housing finance and micro-lending segments.

Company Strengths

1. Diversified Lending Portfolio – IIFL Finance offers a wide range of secured and retail loan products such as gold loans, home loans, business loans, loans against property, and microfinance, reducing dependence on any single segment.

2. Strong Nationwide Presence – The company has an extensive branch network across urban, semi-urban, and rural areas, enabling deeper market penetration and strong customer reach.

3. Focus on Secured Lending – A significant portion of its portfolio consists of secured loans like gold loans and property-backed loans, which helps reduce credit risk and maintain asset quality.

4. Technology-Driven Operations – IIFL Finance uses digital platforms for loan processing, underwriting, and customer service, improving efficiency, faster disbursement, and customer experience.

5. Experienced Management and Strong Brand – The company benefits from an experienced leadership team, established market reputation, and strong customer trust, supporting sustainable growth and competitive positioning.

2. Rating:

“CRISIL AA/Stable & BWR AA+/Stable”

3.IIFL Finance Limited NCD  Registrar

MUFG Intime India Pvt.Ltd.

C-101, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai - 400083
+91-22-4918 6270
cleanmax.ipo@in.mpms.mufg.com
https://www.in.mpms.mufg.com

IIFL Finance Limited Details

Issue opens Tuesday 17-Feb 2026
Issue closes Wednesday 04-Mar 2026
Face Value Rs.1,000 per NCD
Issue Price Rs.1,000 per NCD (at par)
Mode of the issue Public Issue of Secured, Redeemable, Non-Convertible Debentures (NCDs)
Minimum Application 10 NCD (RS.10,000) & in Multiple of 1 NCD
Listing BSE Limited (BSE)
Rating CRISIL AA/Stable & BWR AA+/Stable
Type of Issue Secured, Redeemable, Non-Convertible Debentures
Base Issue Size Rs.500 crore
Green Shoe (option to retain over-subscription) Rs.1,500 crore
Issue Size Rs.2,000 crore

Specific Terms for Each Series of NCDs

Series I II III IV V VI VII VIII IX
Tenure (months) 24 36 60 24 36 60 24 36 60
Frequency Monthly Monthly Monthly Annual Annual Annual Cumulative Cumulative Cumulative
Nature of Indebtedness (1.0x) Secured Secured Secured Secured Secured Secured Secured Secured Secured
Coupon (p.a) 8.37% 8.52% 8.65% 8.70% 8.85% 9.00% NA NA NA
Yield (p.a) 8.70% 8.85% 9.00% 8.69% 8.84% 8.99% 8.70% 8.85% 9.00%
Face Value Rs. 1,000.00 Rs. 1,000.00 Rs. 1,000.00 Rs. 1,000.00 Rs. 1,000.00 Rs. 1,000.00 Rs. 1,000.00 Rs. 1,000.00 Rs. 1,000.00
Redemption Value Rs. 1,000.00 Rs. 1,000.00 Rs. 1,000.00 Rs. 1,000.00 Rs. 1,000.00 Rs. 1,000.00 Rs. 1,181.85 Rs. 1,290.00 Rs. 1,539.00
Interest frequency Monthly Monthly Monthly Annual Annual Annual Cumulative Cumulative Cumulative

IIFL Finance Limited Company Financials

Particulars
H1 FY26
FY 25
FY 24
Revenue from Operations
6,268.00
10,237.00
10,490.00
Total Income
6,268.00
10,237.00
10,490.00
Profit After Tax
692
578.00
1,974.00
Profit After Tax Margin (%)
11.04%
5.65%
18.82%
Return on Equity (%)
5.48%
4.14%
16.37%
Net Debt / Equity
3.98
3.66
3.87
Amount in Rs. Crore

Prospectus Document

Official Red Herring Prospectus (RHP)

For detailed company and issue information

Disclaimer: This report has been prepared by RR Equity Brokers Private Ltd. The information in this report is collected from various public sources. RR Equity Brokers is not responsible for any loss or damage that may result from using this information or from investment risks.

SEBI Registration No: NSE Cash: INB231219636 | SEBI Registration No: NSE Derivative: INF231219636 | SEBI Registration No: BSE Cash: INB011219632 | SEBI Registration No: MCX-SX: INE261219636 | SEBI Registration No: NSE Currency: INE231219636 | SEBI Registration No: USE: INE271219631 | SEBI Registration No: CDSL: IN-DP-CDSL-3242005 | NCDEX Membership No: 00635 | MCX Membership No: 28850 | NSEL Membership No: 10650 | RBI Registration No: NBFC: N-14.03215 | IRDA Registration Number : CB-066/03 | AMFI Registration No : ARN -0032| SEBI Registration No: Merchant Banker: INM000007508

* Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.