IIFL Finance to Raise ₹600 Crore Through NCDs on Private Placement

IIFL Finance Ltd has announced that it will raise up to ₹600 crore by issuing non-convertible debentures (NCDs) on a private placement basis. The company’s Finance Committee approved the terms of this issuance during a meeting held on June 10, 2025.

Instrument Details

The NCDs will be unsecured, subordinated, listed, rated, and redeemable. They fall under Series D33 and will be issued in one or more tranches. A maximum of 600 debentures will be issued, each with a face value that brings the total size of the issue to ₹600 crore. These debentures will be listed on the National Stock Exchange of India.

The specific details regarding the coupon rate, interest payment schedule, and maturity dates are included in the Key Information Document (KID) associated with the issue. As per the filing, these bonds will not carry any security, and there are no special rights or privileges beyond what is specified in the KID.

Use of Proceeds

The funds raised through this issuance will be used to support IIFL Finance’s lending operations. The company has been focusing on retail lending segments such as gold loans, housing finance, and business loans. The fresh capital will help fund loan disbursements and maintain long-term resource stability.

Compliance and Conditions

The issue falls under the regulatory framework outlined in the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In case of default, the company will be required to pay an additional 2% interest per annum over the coupon rate on the defaulted amount or outstanding principal until the issue is resolved.

There are no special rights or privileges attached to these NCDs, and no default has been reported in earlier issuances. The debentures will not carry any charge or security.

Read More: RBI’s New Gold Loan Rules from Jan 2026!

IIFL Finance Share Price Performance 

As of 09:30 am on June 11, 2025, IIFL Finance share price stood at ₹486.45, a 1.07% increase. The stock has seen a 7.89% rise over the past 6 months and a 1.72% rise over the past year.

Conclusion

The ₹600 crore fundraise via privately placed NCDs is part of IIFL Finance’s ongoing plans to support its lending book and manage funding needs.

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