IIFL Finance ₹2,000 Crore NCD Opens on February 17: Minimum Investment of ₹10,000

IIFL Finance Limited is launching a public issue of secured, redeemable, non-convertible debentures (NCDs) under a shelf prospectus of ₹2,000 crore. The issue has a base size of ₹500 crore with an option to accept oversubscription of up to ₹1,500 crore, making the total tranche size ₹2,000 crore. Each NCD carries a face value and issue price of ₹1,000.

Issue Timeline and Listing

• Opening Date: February 17, 2026
• Closing Date: March 4, 2026 (may close earlier depending on demand)
• Proposed Listing: National Stock Exchange (NSE) and BSE Limited

Investment Details

• Minimum Application: 10 NCDs (₹10,000)
• Market Trading Lot: 1 NCD
• Interest Rates: 9.00% to 10.25% per annum, depending on series and tenure
• Tenures Available: Multiple options to suit investor preferences

The NCDs have been assigned AA/Stable by CRISIL Ratings Limited and AA+/Stable by Brickwork Ratings India Private Limited, reflecting low credit risk.

The lead manager for the issue is Trust Investment Advisors Pvt. Ltd., the debenture trustee is Vardhman Trusteeship Pvt. Ltd., and MUFG Intime India Pvt. Ltd. is the registrar. Allotments will be made on a first-come, first-served basis.

Also Read: Upcoming IPOs This Week (Feb 16–Feb 20): Gaudium IVF Mainboard Issue and 2 SME IPOs to Open

IIFL Finance Management Take on Q3FY26

Mr. Nirmal Jain, Founder & Managing Director, IIFL Finance said: “The third quarter reflects a consolidation of IIFL Finance’s transformation, marking a clear shift from stabilisation to sustainable operating momentum. Disciplined portfolio re-setting continues to deliver results, with robust loan growth led by gold loans, improved asset quality, and strong capital and liquidity buffers. These gains are also reflected in higher confidence from international rating agencies, as evidenced by recent rating outlook upgrades. 

With risks well contained and returns improving, the foundation for scalable, high-quality growth is firmly in place. Going forward, our AI-led operating framework, phygital distribution network, and high-risk and compliance discipline will remain central to delivering consistent performance and long-term value creation”

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.