IIFL Finance Limited has announced a public issue of secured redeemable non-convertible debentures (NCDs) to raise up to ₹2,000 crore, with the issue opening on February 17, 2026, and closing on March 4, 2026, subject to early closure. The base issue size is ₹500 crore, along with a green-shoe option of ₹1,500 crore to retain oversubscription. The funds will be used for business growth and capital augmentation.
The NCDs offer an effective yield of up to 9% per annum across tenors of 24, 36, and 60 months, with monthly, annual, and cumulative interest payment options. Rated CRISIL AA/Stable and BWR AA+ (Stable), the instruments reflect a high degree of safety and low credit risk. Founder and Managing Director Nirmal Jain said the fundraising would help expand credit access to underserved customers while diversifying funding sources.
As of December 31, 2025, the company reported consolidated assets under management of ₹98,336 crore, with Gross NPA at 1.60% and Net NPA at 0.75%. IIFL Finance posted a Q3 FY26 profit after tax of ₹501.3 crore, up 514% year-on-year, and operates through 4,761 branches nationwide. Agartala is expecting a steady retail participation in the NCD issue, noting that fixed-income investors in the region are increasingly seeking relatively high-yielding, investment-grade debt products amid stable interest-rate expectations.
