IIFL Finance Restricted, a non-banking monetary firm (NBFC), has introduced a public situation of secured redeemable non-convertible debentures (NCDs) to lift as much as Rs 500 crore. The difficulty, which opened on Monday, April 7, 2025, and can shut on Wednesday, April 23, 2025, provides a coupon price of as much as 10.25% every year.
The corporate plans to utilise the proceeds for onward lending, financing actions, and common company functions. The NCDs carry excessive credit score scores—“Crisil AA/Secure” from Crisil Rankings Restricted and “[ICRA] AA (Secure)” from ICRA Restricted—indicating a excessive diploma of security and low credit score danger.
The bond situation contains a base situation dimension of Rs 100 crore with a inexperienced shoe choice to retain oversubscription as much as Rs 400 crore, aggregating a complete of Rs 500 crore. Traders can go for tenors of 15 months, 24 months, 36 months, or 60 months, with Sequence IX NCDs providing the very best efficient yield of 10.24% for a 60-month time period. Curiosity cost choices can be found on a month-to-month, annual, or cumulative foundation.
IIFL Finance is registered with the Reserve Financial institution of India as an NBFC-Center Layer (NBFC-ML). It serves a large buyer base by way of a variety of economic merchandise together with dwelling loans, gold loans, MSME loans, private loans, provide chain finance, microfinance, and actual property finance. Its subsidiaries embrace IIFL Dwelling Finance Restricted, IIFL Samasta Finance Restricted, IIHFL Gross sales Restricted, and IIFL Open Fintech Non-public Restricted.
As of December 31, 2024, IIFL Finance had a consolidated Belongings underneath Administration (AUM) of Rs 71,410.19 crore, Gross NPA at 2.42%, and Web NPA at 1.01%. Notably, 71.92% of its consolidated mortgage e-book is secured by enough collateral, serving to to handle credit score danger. The corporate operates by way of 4,858 branches throughout India and has a workforce of over 38,000 staff.
Lead managers to the difficulty embrace Belief Funding Advisors, Nuvama Wealth Administration, and IIFL Capital Companies. The NCDs, priced at a face worth of Rs 1,000, have a minimal utility dimension of Rs 10,000 and can be listed on each the BSE and NSE, with NSE designated as the first inventory change. The allotment can be carried out on a first-come, first-served foundation, and the difficulty could shut sooner than the scheduled date.
