IIFL Finance Launches ₹2,000 Crore NCD Issue, Offers Up to 9% Yield
Chennai: IIFL Finance Limited has announced a public issue of secured redeemable non-convertible debentures (NCDs) to raise up to ₹2,000 crore.
The base issue size is ₹500 crore, with a green-shoe option to retain oversubscription up to ₹1,500 crore. The issue opens on February 17, 2026, and closes on March 4, 2026, with an option for early closure.
The NCDs offer an effective yield of up to 9% per annum, with tenors of 24, 36 and 60 months. Investors can opt for monthly, annual or cumulative interest payments. The instruments have been rated CRISIL AA/Stable by CRISIL Ratings and BWR AA+ (Stable) by Brickwork Ratings.
As of December 31, 2025, IIFL Finance reported consolidated assets under management of ₹98,336 crore, with gross NPA at 1.60% and net NPA at 0.75%. For Q3 FY26, the company posted a profit after tax of ₹501.3 crore, up 514% year-on-year.
The NCDs, priced at a face value of ₹1,000 each with a minimum investment of ₹10,000, are proposed to be listed on the BSE and NSE.
