IIFL Finance to Raise Up to ₹500 Crore via Public Issue of Non-Convertible Debentures
IIFL Finance plans to raise up to ₹500 crore through a public issue of secured, rated, listed, redeemable non-convertible debentures (NCDs). The base issue is ₹100 crore with a green shoe option of ₹400 crore. The NCDs will open on April 7, 2025, and close on April 23, 2025, offering tenures from 15 to 60 months with a maximum yield of 10.25% per annum. Funds will be used for onward lending, refinancing existing debt, and general corporate purposes. IIFL Finance, an NBFC-ML, reported a consolidated AUM of ₹71,410.19 crore as of December 31, 2024, with a GNPA of 2.42% and NNPA of 1.01%.

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IIFL Finance , a prominent non-banking financial company (NBFC), has announced plans to raise up to ₹500 crore through a public issue of secured, rated, listed, redeemable non-convertible debentures (NCDs). This move signifies the company's strategy to secure additional funding for various purposes, including onward lending and refinancing existing debt.
Key Details of the NCD Issue
Detail | Value |
---|---|
Issue Size | Base issue of ₹100 crore with a green shoe option to retain oversubscription up to ₹400 crore |
Opening Date | April 7, 2025 |
Closing Date | April 23, 2025 (with an option of early closure) |
Ratings | 'CRISIL AA/Stable' by CRISIL Ratings Limited and '[ICRA] AA (Stable)' by ICRA Limited |
Tenure Options | 15 months, 24 months, 36 months, and 60 months |
Interest Payment | Monthly, annual, and cumulative options available |
Maximum Yield | Up to 10.25% per annum for the 60-month tenure (Series IX) |
Utilization of Funds
The funds raised through this NCD issue will be used for:
- Onward lending
- Financing and refinancing the existing indebtedness of the company
- Debt servicing (payment of interest and/or repayment/prepayment of existing borrowings)
- General corporate purposes
Company Profile
IIFL Finance is registered as an NBFC-Middle Layer (NBFC-ML) with the Reserve Bank of India. The company, along with its subsidiaries, offers a diverse range of financial products, including:
- Home loans
- Gold loans
- MSME secured and unsecured loans
- Personal loans
- Supply chain finance
- Microfinance
- Construction and real estate finance
- Capital market finance
As of December 31, 2024, IIFL Finance boasts a widespread network of 4,858 branches across India and a strong workforce of 38,235 employees. The company's consolidated Assets under Management stood at ₹71,410.19 crore as of the same date.
Financial Performance
IIFL Finance reported a Gross Non-Performing Asset (GNPA) of 2.42% and a Net Non-Performing Asset (NNPA) of 1.01% as a percentage of its consolidated loan book as of December 31, 2024. Notably, 71.92% of the company's consolidated loan book is secured with adequate collaterals, which helps mitigate risks.
Investment Details
Detail | Value |
---|---|
Minimum application size | ₹10,000 across all categories |
Face value of NCDs | ₹1,000 each |
Listing | BSE Limited and National Stock Exchange of India Limited |
Lead managers | Trust Investment Advisors Private Limited, Nuvama Wealth Management Limited, and IIFL Capital Services Limited |
Investors interested in this NCD issue should note that the allotment will be made on a first-come, first-served basis. The company has the right to close the issue earlier or extend it, subject to the relevant approvals and regulations.
This public issue of NCDs by IIFL Finance presents an opportunity for investors to participate in the growth story of one of India's leading NBFCs while potentially earning attractive returns. However, as with all investments, interested parties are advised to carefully review the offer documents and consider their risk appetite before making an investment decision.
Historical Stock Returns for IIFL Finance
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+0.39% | +3.29% | +8.77% | -27.30% | -17.96% | +302.89% |