IIFL Finance Share Price in Focus as Board Approves Issue of NCDs Worth ₹500 Crore, With the Option to Increase to ₹2,000 Crore

IIFL Finance has approved a public issue of secured, redeemable non-convertible debentures (NCDs) with a base size of ₹500 crore. As per the filing, the company may retain oversubscription of up to ₹1,500 crore, taking the total potential size of the tranche to ₹2,000 crore.  

The approval was granted by the finance committee of the board at its meeting on 12 February 2026. The issue is being launched under a shelf limit of ₹2,000 crore.  

Subscription Window and Listing 

The tranche is scheduled to open on 17 February 2026 and close on 4 March 2026, subject to early closure or extension within the permitted period. Applications will be accepted during working hours on issue days, as per the terms of the prospectus.  

The debentures are proposed to be listed on both the BSE and the NSE, with NSE as the designated stock exchange.  

Structure of the Issue 

Each NCD will have a face value of ₹1,000. The minimum application amount has been set at ₹10,000, equivalent to 10 debentures across the available series. The issue includes 9 series with tenors of 24, 36 and 60 months.  

Investors can choose between monthly, annual or cumulative interest options depending on the series selected.  

Coupon and Yield Details 

According to the terms table in the filing, coupon rates for certain series range from 8.37% to 9.00% per annum.  

Effective annual yields across the options are in a similar band, roughly between 8.69% and 9.00%, depending on the tenor and payment structure.  

For cumulative series, maturity values range from about ₹1,181.85 after 24 months to around ₹1,539 after 60 months per debenture.  

Security Cover 

The debentures will be backed by a first-ranking pari passu charge over receivables, loans, advances and certain current assets of the company.  

The filing states that a security cover of at least 100% of the outstanding principal and interest must be maintained until maturity.  Additional interest may be payable to debenture holders in case of delays linked to statutory or procedural requirements.  

Read More: IIFL Finance Q3 FY26 Earnings Results: Profit Jumps 20% QoQ to ₹501 Crore! 

IIFL Finance Share Price Performance  

As of February 13, 2026, 12:43 pm, IIFL Finance Ltd share price was trading at ₹507.35, a 2.99% decrease from the previous closing price. 

Conclusion 

The tranche allows IIFL Finance to raise between ₹500 crore and ₹2,000 crore under different tenors and interest options. The offer is set to open in mid-February and will be listed on the main exchanges. 

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.