IIFL Finance Limited has informed the Exchange regarding enhancement of size of issue for issuance of Perpetual Debt Instruments on Private Placement basis.
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IIFL Finance has expanded the size of its planned issuance of perpetual, unsecured, listed non-convertible debentures (NCDs) on a private placement basis. The issue size has been enhanced up to INR 500 crore, comprising up to 500 NCDs with a face value of INR 1 crore each. This includes a base issue size of INR 100 crore and a green-shoe option to retain oversubscription up to INR 400 crore. The debentures are perpetual in nature (no fixed maturity), with the company having a call option to redeem after 10 years subject to RBI approval. They will be listed on NSE, and the coupon rate will be disclosed in the Key Information Document. This follows an earlier intimation dated September 3, 2025, and was approved by the Finance Committee on September 25, 2025.
The enhanced issue size suggests strong investor appetite for IIFL Finance's perpetual debt, which acts as Tier 1 capital for NBFCs and boosts lending capacity. For shareholders, this strengthens the company's capital adequacy without immediate dilution, though it adds to long-term fixed-cost obligations.