IIFL Finance Allots ₹35 Crore NCDs; Shares Rise 0.05%

Mumbai September, 02: IIFL Finance Limited has completed the allotment of 35,000 secured non-convertible debentures worth ₹35 crore through a private placement, according to an exchange disclosure.

The company’s Finance Committee approved the Series D37 allotment on September 2, 2026. Each debenture carries a face value of ₹1,00,000, with the securities proposed to be listed on the National Stock Exchange of India.

The NCDs carry a fixed coupon of 9.25% per annum and have a tenure of 730 days from the date of allotment. The securities were allotted on September 2, 2026 and are scheduled to mature on September 1, 2028.

Interest is payable on September 2, 2027 and September 1, 2028, with the principal due on the maturity date.

Stock Market Snapshot

The IIFL Finance share price stood at ₹639.50 as of 11:30 AM IST on September 2, 2026, gaining ₹0.35, or 0.05%, from the previous close of ₹639.15.

The stock opened at ₹633.85 and moved to a session high of ₹652 before touching a low of ₹629.50. The shares were therefore trading in a relatively narrow range around the previous close despite the day’s wider movement.

The market screen showed a VWAP of ₹641.93 at the time of the update.

NCDs Secured Against Eligible Loan Assets

The debentures are backed by a first-ranking pari passu charge over specified eligible assets of IIFL Finance, as outlined in the terms of the issue.

The security includes current, standard and performing book debts, loans and advances, and eligible receivables of the company. The filing also sets out provisions for maintaining the required security cover throughout the tenure of the debentures.

In case of a qualifying payment default, the terms provide for additional interest of 2 percentage points per annum over the applicable coupon rate for the period specified in the disclosure.

Debt Issue Adds To IIFL Finance’s Funding Mix

IIFL Finance is a non-banking financial company engaged in lending and related financial services. Debt-market issuances form part of its broader funding mix and help support its financing activities.

The latest ₹35 crore issuance is relatively modest in size, but gives the company another source of secured funding with a defined repayment schedule. The Series D37 debentures are due for redemption at ₹1,00,000 per debenture on September 1, 2028.

The company has also disclosed that there are no special rights or privileges attached to the NCDs and no cancellation or termination of the proposed issuance.

Conclusion

IIFL Finance has completed the allotment of 35,000 Series D37 secured NCDs aggregating ₹35 crore through private placement.

The debentures offer a 9.25% annual coupon, are secured against specified eligible assets and are scheduled to mature on September 1, 2028.

Shares remained largely steady following the disclosure, with IIFL Finance trading at ₹639.50, up 0.05%, as of 11:30 AM IST on September 2, 2026.

Source:

• https://www.nseindia.com/get-quote/equity/IIFL/IIFL-Finance-Limited
• https://nsearchives.nseindia.com/corporate/IIFL_02092026124754_AllotmentNCD_Intimation.pdf