IIFL Finance Limited has informed the Exchange regarding allotment of 10216391 securities pursuant to Non Convertible Securities at its meeting held on March 06, 2026
IIFL · price
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On the reaction day the stock moved 1.3 pts less than Nifty Smallcap 250 and 1.4 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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IIFL Finance has allotted 1.02 crore secured, rated, listed, redeemable NCDs of face value ₹1,000 each, raising approximately ₹1,021.64 crore through its Tranche I public issue. The tranche had a base size of ₹500 crore with a green-shoe option up to ₹2,000 crore, and the final amount raised (~₹1,022 crore) indicates the issue was subscribed roughly 2x of the base size. NCDs are split across 9 series with tenures of 24, 36, and 60 months, offering coupons between 8.37% and 9.00% per annum and effective yields up to 9.00%. The instruments are secured by a first-ranking pari passu charge over the company's receivables, book debts, loans and advances, and current assets, and will be listed on both NSE and BSE.
The company has strengthened its borrowings mix by raising over ₹1,000 crore of relatively competitively priced debt, which is positive for funding its lending business. For equity shareholders, this is a debt raise (no dilution), but it adds to leverage and future interest obligations; the strong oversubscription signals healthy investor appetite for IIFL's credit at current rates.