IIFL Finance Limited has successfully completed the allotment of non-convertible debentures worth ₹500,00,00,000 under its Series D36 issuance. The Finance Committee of the Board of Directors approved this significant fundraising initiative through a resolution dated March 10, 2026, following regulatory compliance under SEBI Listing Regulations.

Debenture Allotment Details

The company has allotted 50,000 senior, secured, listed, rated, redeemable non-convertible debentures on private placement basis. Each debenture carries a face value of ₹1,00,000, collectively raising ₹500 crores for the financial services company.

Interest Rate and Tenure Structure

The debentures offer an attractive coupon rate of 8.60% per annum with a tenure of 379 days from the deemed date of allotment. The instruments were allotted on March 10, 2026, and are scheduled to mature on March 24, 2027.

Security and Listing Arrangements

The NCDs are secured by a first ranking pari passu charge over all current, standard and performing book debts, loans and advances, and current assets/receivables of the company. This security cover includes receivables from various loan portfolios including gold loans, MSME/business loans, real estate loans, capital market loans, and loans against property.

The debentures are proposed to be listed on the National Stock Exchange of India Limited, providing liquidity options for investors. Each debenture will be redeemed at ₹1,00,000 per debenture on maturity along with cumulative accrued interest.

Default Protection Mechanism

The debenture structure includes investor protection measures in case of payment delays. If there is any delay in payment of interest or principal for more than three months from the due date, the company will pay additional interest at 2% per annum over and above the coupon rate. This additional interest will be applicable from the date of default until the event of default is cured to the satisfaction of the Debenture Trustee.

Source: None/Company/INE530B01024/25dd5dde-5c93-4b23-8f4d-d8bcb952784f.pdf

IIFL Finance Limited has successfully approved the allotment of 1,02,16,391 secured, rated, listed, redeemable non-convertible debentures (NCDs) worth ₹1,021.64 crores. The Finance Committee of the Board of Directors approved this allotment under a public issue framework, marking a significant capital raising exercise for the financial services company.

Issue Structure and Series Details

The NCD allotment was structured across nine distinct series, each offering different tenure and payment frequency options to cater to diverse investor preferences:

Issue Timeline and Market Listing

The NCDs are proposed to be listed on both BSE Limited and National Stock Exchange of India Limited, with NSE designated as the primary stock exchange. This listing will provide liquidity options for investors across both major Indian exchanges.

Security and Redemption Framework

The NCDs carry a face value of ₹1,000 each and were issued at par for cash. The debentures are secured by a first ranking pari passu charge through hypothecation over the company's receivables, book debts, loans, advances, and current assets. This security structure ensures at least 100% coverage of outstanding principal amounts and interest until the maturity date.

Regulatory Compliance and Investment Features

The allotment was conducted under regulatory compliance frameworks, ensuring adherence to listing obligations and disclosure requirements. The company has established comprehensive default protection mechanisms, including penalty interest rates of at least 2% per annum above the agreed coupon rate for delays in trust deed execution or payment obligations.

This NCD issuance forms part of the company's broader ₹2,000 crores shelf limit, with the current tranche representing a base issue size of ₹500 crores with oversubscription retention capacity up to ₹1,500 crores. The successful completion of this allotment demonstrates strong investor confidence in IIFL Finance's debt instruments and provides the company with substantial long-term funding across multiple maturity profiles.