IIFL Finance Raises Rs 50 Crore Through NCDs
By Ankur Chandra | Updated at: Oct 7, 2025 08:01 PM IST
Mumbai, July 7, 2025 – IIFL Finance Ltd (NSE: IIFLFIN, BSE: 532636) has announced the allotment of 5,000 Secured Redeemable Non-Convertible Debentures (NCDs) of face value ₹1,00,000 each, aggregating to ₹50 crore, on a private placement basis under Series D32, as per a resolution passed by its Finance Committee on July 7, 2025. The NCDs have been allotted in dematerialised form and are proposed to be listed on the National Stock Exchange of India Ltd (NSE).
Key Terms of the Allotment
As mentioned, on July 7, 2025, a total of 5,000 secured, redeemable, non-convertible debentures (NCDs) under Series D32 were allotted through a private placement. Each NCD carries a face value of ₹1,00,000, bringing the total issue size to ₹50 crore. These instruments offer an annual coupon rate of 8.80% and are proposed to be listed on the National Stock Exchange (NSE).
| Particulars | Details |
|---|---|
| Total NCDs Allotted | 5,000 |
| Face Value per NCD | ₹1,00,000 |
| Issue Size | ₹50 crore |
| Coupon Rate | 8.80% per annum |
| Type of Instrument | Secured Redeemable Non-Convertible Debentures (Series D32) |
| Mode of Issue | Private Placement |
| Listing | Proposed on NSE |
| Allotment Date | July 7, 2025 |
| Maturity Date | October 7, 2026 |
| Tenure | 457 days |
The tenure of the NCDs spans 457 days, with the maturity date set for October 7, 2026.
Coupon and Principal Payment Schedule
| Date | Payment Type |
|---|---|
| July 7, 2026 | Interest |
| October 7, 2026 | Interest + Principal |
Security Details
The NCDs are secured by a first-ranking pari passu charge over IIFL Finance’s receivables, including current and future book debts, loans, advances, and current assets. The security cover will be maintained at a minimum of 100% of the outstanding amount throughout the tenure.
Default Provisions
In case of any default in interest or principal repayment, an additional 2% p.a. over the coupon rate will be levied until the event of default is resolved to the satisfaction of the Debenture Trustee.
Redemption Terms
Each debenture will be redeemed at its face value of ₹1,00,000 on maturity (October 7, 2026), along with any accrued interest.
Regulatory Compliance
This disclosure has been made in accordance with Regulations 30 and 51 of the SEBI (LODR) Regulations, 2015, and the format prescribed under SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
IIFL Finance Stock Performance
IIFL Finance shares have gained 3.02% on July 7, 2025, trading at ₹489.20 as of 1:50 PM IST. IIFL Finance shares have dipped 4.3% in the last year, gained 16.9% in the year-to-date, and are up 0.36% in the previous month.
About IIFL Finance
IIFL Finance Ltd is a leading listed non-banking financial company (NBFC) headquartered in Mumbai. The company offers a diversified range of loans, including gold loans, home loans, and business loans, catering to the retail and MSME segments. It is listed on both NSE and BSE.
REF:https://nsearchives.nseindia.com/corporate/IIFL_07072025113734_AllotmentNCDIssue.pdf
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