IIFL Finance Limited NCD: Important Details to Checkout

IIFL Finance NCD issue opens on April 7, 2025 and closes on April 23, 2025. It is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs). The overall issue size is Rs 400 crores. The NCD issue price is Rs 1000 per NCD, and the face value is Rs 1000 for each NCD. The minimum lot size will be available soon.

The allotment is on a first-come, first-serve basis. The listing is on BSE & NSE and the tenor is 15, 24, 36 and 60 months. The lead manager(s) of IIFL Finance Limited NCD Trust Investment Advisors Private Limited, Nuvama Wealth Management Limited and IIFL Securities Ltd, and the registrar of this NCD is Link Intime India Private Ltd.

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IIFL Finance NCD: Important Details

IIFL Finance Limited: About the Company

IIFL Finance Limited, established in 1995 by Nirmal Jain, is a leading diversified financial services company headquarter situated in Mumbai, India. Originally founded as a research house, it has evolved into a comprehensive financial conglomerate offering a wide range of services, including home loans, gold loans, business loans, microfinance, and developer finance. The company operates through subsidiaries like IIFL Home Finance Limited and IIFL Samasta Finance Limited, serving both retail and corporate clients.

With a robust network of over 2,600 branches across 500+ cities, IIFL Finance caters to more than 10 million customers. Backed by global investors such as Fairfax Group and CDC Group, it has consistently demonstrated innovation and adaptability in the dynamic financial landscape. As of March 2024, the company manages substantial assets under management (AUM) and continues to expand its footprint globally while maintaining its commitment to customer-centric solutions.

IIFL Finance NCD: Objectives

The Company plans to utilise the net proceeds from the Issue towards onward lending, financing, and refinancing of existing debt, including the payment of interest and the repayment or prepayment of principal borrowings, as well as for general corporate purposes.

IIFL Finance Limited: Financial Performance (Amt in Rs Crore)

Coupon Rates of IIFL Finance Limited NCD 2024

IIFL Finance NCD Rating, NCD Review

IIFL Finance NCD has received a rating of CRISIL AA/Stable by CRISIL Limited and ICRA AA (stable) by ICRA Limited. 

How do I apply for IIFL Finance Limited NCD?

You can click here to apply for the IIFL Finance NCD.

FAQs

1.      What is NCD?

A Non-Convertible Debenture is a fixed-income financial instrument that cannot be converted into equity shares and pays a fixed rate of interest to investors over a specific period. To read more about NCDs click here.

2.      When will the IIFL Finance Limited NCD be open for subscription?

IIFL Finance Limited NCD issue opens on April 7, 2025, and closes on April 23, 2025.

3.      What is the issue size and price of the NCD?

The overall subscription issue size is Rs 400 crores. IIFL Finance NCD issue price is Rs 1000 per NCD, and the face value is Rs 1000 for each NCD. The minimum lot size will be available soon.

4.      How can I apply for the IIFL Finance Limited NCD?

You can click here to apply for the IIFL Finance NCD. 

5.      Who is appointed as a registrar of IIFL Finance Limited NCD?

Link Intime India Private Ltd is appointed as the registrar for IIFL Finance NCD.

6.      Lead manager for the IIFL Finance Limited NCD?

IIFL Finance Limited NCD lead manager(s) are Trust Investment Advisors Private Limited, Nuvama Wealth Management Limited and IIFL Securities Ltd.

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