IBL Finance NCD public issue of 50 crore rupees withdrawn
IBLFL · price
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IBL Finance Limited has withdrawn its 50 crore rupees public issue of secured, rated, listed, redeemable NCDs. The issue opened on 12 October 2026 and was to close on 26 October 2026. BSE approved the withdrawal effective 22 October 2026. The company cited operational and technical challenges across banking infrastructure and application channels. BSE noted the issue was not expected to meet the mandatory minimum subscription threshold. Application monies will be unblocked or refunded to applicants.
NCD public issue withdrawn. Applicants will get refunds. Raises concerns about fund-raising ability and may weigh on the stock.