{"id":62402,"date":"2026-02-20T20:23:50","date_gmt":"2026-02-20T14:53:50","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=62402"},"modified":"2026-02-20T20:23:53","modified_gmt":"2026-02-20T14:53:53","slug":"iifl-finance-ncd-tranche-detail","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/iifl-finance-ncd-tranche-detail\/","title":{"rendered":"IIFL Finance NCD: Tranche Detail"},"content":{"rendered":"<p>IIFL Finance has launched its latest <strong>secured, redeemable, non-convertible debenture (NCD) <\/strong>issue under a \u20b92,000 crore shelf prospectus. Interest rates are going up to <strong>9% per annum, <\/strong>and <strong>AA-rated companies. <\/strong>The issue is beneficial for income-focused investors seeking predictable returns. The IIFL Finance&nbsp; NCD issue<strong> opens on 17th Feb, 2026<\/strong> and <strong>closes on 4th March, 2026<\/strong>. The NCD issue offers annual interest rates of<strong> 8.37% to 9.00%<\/strong>, depending on the selected series and investment tenure. <strong>&nbsp;<\/strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/p><p>Each NCD is offered at a face value of \u20b91,000, and investors must invest a minimum of \u20b910,000, which is equivalent to 10 NCDs. The debentures are proposed to be listed on the BSE and the NSE, and allotment will be made on a First Come First Serve (FCFS) basis. <strong>Refer to the table below for IIFL Finance&nbsp; NCD Details and timelines.&nbsp;&nbsp;&nbsp;<\/strong><\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/iifl-finance-ncd-tranche-detail\/#IIFL_Finance_NCD_Details\" title=\"IIFL Finance: NCD Details&nbsp;\">IIFL Finance: NCD Details&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/iifl-finance-ncd-tranche-detail\/#IIFL_Finance_Coupon_Rates\" title=\"IIFL Finance: Coupon Rates&nbsp;\">IIFL Finance: Coupon Rates&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/iifl-finance-ncd-tranche-detail\/#Interest_Payment_Frequency\" title=\"Interest Payment Frequency&nbsp;\">Interest Payment Frequency&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/iifl-finance-ncd-tranche-detail\/#Here_is_the_table_for_NCD_Coupon_Rates\" title=\"Here is the table for NCD Coupon Rates:&nbsp;\">Here is the table for NCD Coupon Rates:&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/iifl-finance-ncd-tranche-detail\/#NCD_Rating\" title=\"NCD Rating:&nbsp;\">NCD Rating:&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/iifl-finance-ncd-tranche-detail\/#About_IIFL_Finance_Limited\" title=\"About IIFL Finance Limited\">About IIFL Finance Limited<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/iifl-finance-ncd-tranche-detail\/#Pros_of_IIFL_Finance_NCD\" title=\"Pros of IIFL Finance NCD:&nbsp;&nbsp;\">Pros of IIFL Finance NCD:&nbsp;&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/iifl-finance-ncd-tranche-detail\/#Cons_of_IIFL_Finance_NCD\" title=\"Cons of IIFL Finance NCD:&nbsp;\">Cons of IIFL Finance NCD:&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/iifl-finance-ncd-tranche-detail\/#IIFL_Finance_Limited_Financial_Information_Consolidated\" title=\"IIFL Finance Limited Financial Information (Consolidated)\">IIFL Finance Limited Financial Information (Consolidated)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/iifl-finance-ncd-tranche-detail\/#Explanation\" title=\"Explanation:&nbsp;\">Explanation:&nbsp;<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/iifl-finance-ncd-tranche-detail\/#NCD_Allocation\" title=\"NCD Allocation:&nbsp;\">NCD Allocation:&nbsp;<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/iifl-finance-ncd-tranche-detail\/#Explanation-2\" title=\"Explanation:&nbsp;\">Explanation:&nbsp;<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/iifl-finance-ncd-tranche-detail\/#How_to_Apply_for_IIFL_Finance_NCD\" title=\"How to Apply for IIFL Finance NCD:&nbsp;\">How to Apply for IIFL Finance NCD:&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/iifl-finance-ncd-tranche-detail\/#Here_is_a_steps_you_must_follow_to_apply_for_IIFL_Finance_NCD\" title=\"Here is a steps you must follow to apply for IIFL Finance NCD:&nbsp;\">Here is a steps you must follow to apply for IIFL Finance NCD:&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/iifl-finance-ncd-tranche-detail\/#Challenges_Related_to_IIFL_Finance_NCD\" title=\"Challenges Related to IIFL Finance NCD:&nbsp;\">Challenges Related to IIFL Finance NCD:&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/iifl-finance-ncd-tranche-detail\/#IIFL_Finance_Non-Convertible_Debenture_NCD_Peer_Comparison\" title=\"IIFL Finance :&nbsp; Non-Convertible Debenture (NCD) Peer Comparison&nbsp;\">IIFL Finance :&nbsp; Non-Convertible Debenture (NCD) Peer Comparison&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/iifl-finance-ncd-tranche-detail\/#Expert_Recommendations_for_IIFL_Finance\" title=\"Expert Recommendations for IIFL Finance &nbsp;\">Expert Recommendations for IIFL Finance &nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/iifl-finance-ncd-tranche-detail\/#Company_Contact_Information\" title=\"Company Contact Information:&nbsp;\">Company Contact Information:&nbsp;<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/iifl-finance-ncd-tranche-detail\/#Corporate_Office\" title=\"Corporate Office:\">Corporate Office:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/iifl-finance-ncd-tranche-detail\/#Registered_Office\" title=\"Registered Office:\">Registered Office:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/iifl-finance-ncd-tranche-detail\/#Lets_Wrap\" title=\"Let\u2019s Wrap&nbsp;\">Let\u2019s Wrap&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/univest.in\/blogs-2\/iifl-finance-ncd-tranche-detail\/#Recent_Articles\" title=\"Recent Articles\">Recent Articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"IIFL_Finance_NCD_Details\"><\/span><strong>IIFL Finance: NCD Details&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Particular&nbsp;<\/strong><\/td><td><strong>Date\/Details&nbsp;<\/strong><\/td><\/tr><tr><td><strong>Issue Open Date&nbsp;<\/strong><\/td><td>17th February, 2026<\/td><\/tr><tr><td><strong>Issue Close Date&nbsp;<\/strong><\/td><td>4th March, 2026<\/td><\/tr><tr><td><strong>Issue Size (Tranche)<\/strong><\/td><td>\u20b92,000 crore<\/td><\/tr><tr><td><strong>Bare Issue Size&nbsp;<\/strong><\/td><td>\u20b9500 crore<\/td><\/tr><tr><td><strong>Oversubscription Option<\/strong><\/td><td>\u20b91,500 crore<\/td><\/tr><tr><td><strong>Face Value&nbsp;<\/strong><\/td><td>\u20b91,000 per NCD<\/td><\/tr><tr><td><strong>Issue Price&nbsp;<\/strong><\/td><td>\u20b91,000 per NCD<\/td><\/tr><tr><td><strong>Minimum Lot Size&nbsp;<\/strong><\/td><td>10 NCDs<\/td><\/tr><tr><td><strong>Minimum Investment<\/strong><\/td><td>\u20b910,000<\/td><\/tr><tr><td><strong>Market Lot<\/strong><\/td><td>1 NCD<\/td><\/tr><tr><td><strong>Issue Type&nbsp;<\/strong><\/td><td>Secured, Redeemable, Non-Convertible Debentures (NCD)<\/td><\/tr><tr><td><strong>Allotment Basis&nbsp;<\/strong><\/td><td>First Come First Serve (FCFS)<\/td><\/tr><tr><td><strong>Listing On<\/strong><\/td><td>BSE &amp; NSE<\/td><\/tr><tr><td><strong>Coupon Rate&nbsp;<\/strong><\/td><td>8.37% to 9.00% per annum<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"IIFL_Finance_Coupon_Rates\"><\/span><strong>IIFL Finance: Coupon Rates&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The coupon rate is the fixed annual interest rate an investor earns on NCDs, expressed as a percentage of the face value. In this issue, coupon rates vary by series, NCD tenure, and interest payment frequency<strong>. <\/strong>&nbsp;<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Interest_Payment_Frequency\"><\/span><strong>Interest Payment Frequency&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><ul class=\"wp-block-list\"><li><strong>Monthly: <\/strong>Investors receive interest payouts every month.<\/li>\n\n<li><strong>Annual: <\/strong>Interest is paid once a year.<\/li>\n\n<li><strong>Cumulative: <\/strong>No periodic payouts; interest is compounded and paid at maturity.\u00a0<\/li><\/ul><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Here_is_the_table_for_NCD_Coupon_Rates\"><\/span><strong>Here is the table for NCD Coupon Rates:&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><\/td><td><strong>Series 1&nbsp;<\/strong><\/td><td><strong>Series 2&nbsp;<\/strong><\/td><td><strong>Series 3<\/strong><\/td><td><strong>Series 4&nbsp;<\/strong><\/td><td><strong>Series 5<\/strong><\/td><td><strong>Series 6<\/strong><\/td><\/tr><tr><td><strong>Frequency of Interest Payment<\/strong><\/td><td>Monthly&nbsp;<\/td><td>Monthly&nbsp;<\/td><td>Monthly&nbsp;<\/td><td>Annual<\/td><td>Annual<\/td><td>Annual<\/td><\/tr><tr><td><strong>Nature<\/strong><\/td><td>Secured&nbsp;<\/td><td>Secured&nbsp;<\/td><td>Secured&nbsp;<\/td><td>Secured&nbsp;<\/td><td>Secured&nbsp;<\/td><td>Secured&nbsp;<\/td><\/tr><tr><td><strong>Tenor<\/strong><\/td><td>24 Months<\/td><td>36 Months<\/td><td>60 Months<\/td><td>24 Months<\/td><td>36 Months<\/td><td>60 Months<\/td><\/tr><tr><td><strong>Coupon (% per annum)<\/strong><\/td><td>8.37%<\/td><td>8.52%<\/td><td>8.65%<\/td><td>8.70%<\/td><td>8.85%<\/td><td>9.00%<\/td><\/tr><tr><td><strong>Effective Yield (% per annum)<\/strong><\/td><td>8.70%<\/td><td>8.85%<\/td><td>9.00%<\/td><td>8.69%<\/td><td>8.84%<\/td><td>8.99%<\/td><\/tr><tr><td><strong>Amount on Maturity (in Rs.)<\/strong><\/td><td>Rs. 1,000.00<\/td><td>Rs. 1,000.00<\/td><td>Rs. 1,000.00<\/td><td>Rs. 1,000.00<\/td><td>Rs. 1,000.00<\/td><td>Rs. 1,000.00<\/td><\/tr><\/tbody><\/table><\/figure><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><\/td><td><strong>Series 7&nbsp;<\/strong><\/td><td><strong>Series 8<\/strong><\/td><td><strong>Series 9<\/strong><\/td><\/tr><tr><td><strong>Frequency of Interest Payment<\/strong><\/td><td>Cumulative<\/td><td>Cumulative<\/td><td>Cumulative<\/td><\/tr><tr><td><strong>Nature<\/strong><\/td><td>Secured&nbsp;<\/td><td>Secured&nbsp;<\/td><td>Secured&nbsp;<\/td><\/tr><tr><td><strong>Tenor<\/strong><\/td><td>24 Months<\/td><td>36 Months<\/td><td>60 Months<\/td><\/tr><tr><td><strong>Coupon (% per annum)<\/strong><\/td><td>NA<\/td><td>NA<\/td><td>NA<\/td><\/tr><tr><td><strong>Effective Yield (% per annum)<\/strong><\/td><td>8.70%<\/td><td>8.85%<\/td><td>9.00%<\/td><\/tr><tr><td><strong>Amount on Maturity (in Rs.)<\/strong><\/td><td>Rs. 1,181.00<\/td><td>Rs. 1,290.00<\/td><td>Rs. 1,539.00<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"NCD_Rating\"><\/span><strong>NCD Rating:&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><strong>IIFL Finance NCD Rating given as follows:\u00a0<\/strong><\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Rating Agency&nbsp;<\/strong><\/td><td><strong>NCD Rating<\/strong><\/td><td><strong>Outlook<\/strong><\/td><td><strong>Safety Degree<\/strong><\/td><td><strong>Risk Degree<\/strong><\/td><\/tr><tr><td>Crisl Ratings Limited<\/td><td>AA<\/td><td>Stable<\/td><td>High degree of safety<\/td><td>Very low credit risk<\/td><\/tr><tr><td>Brickwork Ratings India Private Limited<\/td><td>AA+\/Stable<\/td><td>Stable<\/td><td>High degree of safety<\/td><td>Very low credit risk<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About_IIFL_Finance_Limited\"><\/span><strong>About IIFL Finance Limited<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/20202059\/IIFL-Finance-Limited-1024x536.png\" alt=\"IIFL Finance Limited\n\" class=\"wp-image-62409\" srcset=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/20202059\/IIFL-Finance-Limited-1024x536.png 1024w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/20202059\/IIFL-Finance-Limited-300x157.png 300w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/20202059\/IIFL-Finance-Limited-768x402.png 768w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/20202059\/IIFL-Finance-Limited-900x471.png 900w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/20202059\/IIFL-Finance-Limited-600x314.png 600w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/20202059\/IIFL-Finance-Limited-150x79.png 150w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/20202059\/IIFL-Finance-Limited.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><p>IIFL Finance was founded in 1995. IIFL Finance Limited, previously known as India Infoline Finance Limited, is a diversified non-banking financial company with its headquarters in Mumbai, India. The company provides a broad spectrum of financial services, such as home loans, gold loans, business loans, microfinance, and loans against securities. IIFL Finance has a presence with more than 1,000 branches spread across India, with a workforce exceeding 10,500 people. The company mainly caters to the retail and micro, small, and medium-scale enterprises (MSMEs) segment, with a focus on delivering accessible and flexible financial solutions. Over the years, IIFL Finance has established a global footprint with operations in Canada, the United States, the United Kingdom, Singapore, Hong Kong, and the United Arab Emirates. In addition, the company has received backing from prominent investors such as Fairfax Financial Holdings, General Atlantic, and the UK government&#8217;s CDC Group.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Pros_of_IIFL_Finance_NCD\"><\/span><strong>Pros of IIFL Finance NCD:&nbsp;&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><ol class=\"wp-block-list\"><li>The company has higher fixed interest rate<\/li>\n\n<li>The company has a regular income.\u00a0<\/li>\n\n<li>The company has listed on the exchange.\u00a0<\/li><\/ol><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Cons_of_IIFL_Finance_NCD\"><\/span><strong>Cons of IIFL Finance NCD:&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><ol class=\"wp-block-list\"><li>The company has risk on credit\u00a0<\/li>\n\n<li>The company has risk on Interest rate\u00a0<\/li>\n\n<li>The company has interest on tax.<\/li><\/ol><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"IIFL_Finance_Limited_Financial_Information_Consolidated\"><\/span><strong>IIFL Finance Limited Financial Information (Consolidated)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><strong>The&nbsp;<\/strong><\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Period Ended&nbsp;<\/strong><\/td><td><strong>30th Sep 2024<\/strong><\/td><td><strong>31st March 2024<\/strong><\/td><td><strong>31st March 2023<\/strong><\/td><td><strong>31st March 2022<\/strong><\/td><\/tr><tr><td><strong>Assets<\/strong><\/td><td>55,372.41<\/td><td>62,421.16<\/td><td>53,001.32<\/td><td>45,910.18<\/td><\/tr><tr><td><strong>Revenue&nbsp;<\/strong><\/td><td>5,201.98<\/td><td>10,490.47<\/td><td>8,447.11<\/td><td>7,006.28<\/td><\/tr><tr><td><strong>Profit After Tax<\/strong><\/td><td>245.09<\/td><td>1,974.22<\/td><td>1,607.55<\/td><td>1,188.25<\/td><\/tr><tr><td><strong>Net Worth<\/strong><\/td><td>11,867.93<\/td><td>10,357.16<\/td><td>8,790.5<\/td><td>6,273.85<\/td><\/tr><\/tbody><\/table><\/figure><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Explanation\"><\/span><strong>Explanation:&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>IIFL Finance Limited revenue increased by 24.19% from \u20b98,447.11 crores in March 2023 to \u20b910,490.47 crores in March 2024. Moreover, the company&#8217;s PAT increased by 22.80% from \u20b91,607.55 crores in March 2023 to \u20b91,974.22 crores in March 2024.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"NCD_Allocation\"><\/span><strong>NCD Allocation:&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Category&nbsp;<\/strong><\/td><td><strong>Allocated (%)<\/strong><\/td><td><strong>Shares Reserved&nbsp;<\/strong><\/td><\/tr><tr><td><strong>Institutional&nbsp;<\/strong><\/td><td>20.00<\/td><td>10,00,000<\/td><\/tr><tr><td><strong>Non-Institutional<\/strong><\/td><td>30.00<\/td><td>15,00,000<\/td><\/tr><tr><td><strong>HNI<\/strong><\/td><td>35.00<\/td><td>17,50,000<\/td><\/tr><tr><td><strong>Retail<\/strong><\/td><td>15.00<\/td><td>7,50,000<\/td><\/tr><tr><td><strong>Total<\/strong><\/td><td>100.00<\/td><td>50,00,000<\/td><\/tr><\/tbody><\/table><\/figure><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Explanation-2\"><\/span><strong>Explanation:&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>The table shows that out of the total 50,00,000 shares offered in the IPO, 35% (17,50,000 shares) are allocated to HNIs, 30% (15,00,000 shares) to Non-Institutional Investors, 20% (10,00,000 shares) to Institutional Investors, and 15% (7,50,000 shares) to Retail Investors. This means a larger portion of the issue is reserved for big investors compared to retail investors.<\/p><ul class=\"wp-block-list\"><li><strong>Objectives of the Issue:\u00a0<\/strong><\/li><\/ul><p>The primary aim of IIFL Finance is to raise \u20b92,000.00 crores. On the other hand, IIFL Finance has decided to utilise these funds in different ways.<\/p><ul class=\"wp-block-list\"><li>Onward lending, financing, and refinancing the existing indebtedness of the company (payment of the interest and\/or repayment \/prepayment of the principal of borrowings), and<\/li>\n\n<li>To General Corporate Purposes<\/li><\/ul><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_Apply_for_IIFL_Finance_NCD\"><\/span><strong>How to Apply for IIFL Finance NCD:&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><ul class=\"wp-block-list\"><li>Login to the Univest app or website.<\/li>\n\n<li>Go to the IPO\/NCD section under investments.<\/li>\n\n<li>Select the IIFL Finance NCD issue from the open offers list.<\/li>\n\n<li>Choose your preferred series (tenure &amp; interest option).<\/li>\n\n<li>Enter the investment amount (minimum usually \u20b910,000 and in multiples of \u20b91,000).<\/li>\n\n<li>Fill in your Demat details and select UPI\/ASBA as the payment method.<\/li>\n\n<li>Approve the UPI mandate in your banking app to block funds.<\/li>\n\n<li>After allotment, the NCDs will be credited to your Demat account and listed on the exchange.<\/li><\/ul><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Here_is_a_steps_you_must_follow_to_apply_for_IIFL_Finance_NCD\"><\/span><strong>Here is a steps you must follow to apply for IIFL Finance NCD:&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><strong>1. Ensure You Have a Demat Account: <\/strong>Ensure you have an active Demat account, as NCDs are allotted in dematerialised form.<\/p><p><strong>2. Choose Your Application Route: <\/strong>Log in to your stock broker or investment platform (such as your trading app or bank).<\/p><p><strong>3. Payment Method: <\/strong>Select the payment method (UPI\/ASBA) and submit the application.<\/p><p><strong>4. Confirmation and Allotment: <\/strong>After allotment, the NCDs will be credited to your Demat account and listed on the exchange.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Challenges_Related_to_IIFL_Finance_NCD\"><\/span><strong>Challenges Related to IIFL Finance NCD:&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/20202139\/Challenges-Related-to-IIFL-Finance-1024x536.png\" alt=\"Challenges Related to IIFL Finance NCD\n\" class=\"wp-image-62410\" srcset=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/20202139\/Challenges-Related-to-IIFL-Finance-1024x536.png 1024w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/20202139\/Challenges-Related-to-IIFL-Finance-300x157.png 300w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/20202139\/Challenges-Related-to-IIFL-Finance-768x402.png 768w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/20202139\/Challenges-Related-to-IIFL-Finance-900x471.png 900w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/20202139\/Challenges-Related-to-IIFL-Finance-600x314.png 600w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/20202139\/Challenges-Related-to-IIFL-Finance-150x79.png 150w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/20202139\/Challenges-Related-to-IIFL-Finance.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><ol class=\"wp-block-list\"><li>The company has a credit risk<\/li>\n\n<li>The company has interest rate risk<\/li>\n\n<li>The company has a liquidity risk<\/li><\/ol><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"IIFL_Finance_Non-Convertible_Debenture_NCD_Peer_Comparison\"><\/span><strong>IIFL Finance :&nbsp; Non-Convertible Debenture (NCD) Peer Comparison&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Here\u2019s a peer comparison table of the IIFL Finance&nbsp; NCD issue against other recent or notable NCDs from <strong>similar financial companies in India<\/strong>. This gives you a snapshot of key parameters, including<strong> coupon rates, tenure, and credit quality<\/strong>, for up to 5 years.&nbsp;<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Issuer<\/strong><\/td><td><strong>Type of Instrument<\/strong><\/td><td><strong>Tenure(s)<\/strong><\/td><td><strong>Coupon\/Interest Rate<\/strong><\/td><td><strong>Credit Rating<\/strong><\/td><\/tr><tr><td><strong>IFFL Finance&nbsp; (2026)<\/strong><\/td><td>Secured, Redeemable NCD<\/td><td>24m \/ 36m \/ 60m<\/td><td>8.37%-9.00% p.a.<\/td><td>AA\/AA+<\/td><\/tr><tr><td><strong>Bajaj Housing Finance&nbsp;<\/strong><\/td><td>Secured NCD (2025-2028)<\/td><td>3.5 years&nbsp;<\/td><td>7.10% p.a.<\/td><td>NCD raised \u20b9509 crores; performance growing AUM<\/td><\/tr><tr><td><strong>L&amp;T Finance&nbsp;<\/strong><\/td><td>Subordinated Secured NCD (2025-2035)<\/td><td>10 years&nbsp;<\/td><td>7.75% p.a.<\/td><td>Private placement; annual coupon&nbsp;<\/td><\/tr><tr><td><strong>Muthoot Fincrop<\/strong><\/td><td>Subordinated Secured NCD (2025-2035)<\/td><td>Various&nbsp;<\/td><td>9.00%-10.10% p.a.<\/td><td>AA-rated bonds offering higher returns<\/td><\/tr><tr><td><strong>Sammaan Capital\/ Indostar Capital Finance<\/strong><\/td><td>Public NCD issues&nbsp;<\/td><td>2-10 years<\/td><td>9.65%<\/td><td>AA-grade issues, various payout options&nbsp;<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Expert_Recommendations_for_IIFL_Finance\"><\/span><strong>Expert Recommendations for IIFL Finance <\/strong><strong>&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>This is IIFL\u2019s <strong>sixth debt issue since March 2021<\/strong>. The previous NCD was launched in April 2025. After facing pressure in FY25, the company showed recovery in its 9M FY26 performance. However, compared to earlier issues, the <strong>coupon rates have been slightly reduced<\/strong>. Investors seeking steady, medium-to-long-term income may consider allocating funds, especially if comfortable with NBFC-sector exposure.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Company_Contact_Information\"><\/span><strong>Company Contact Information:&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Corporate_Office\"><\/span><strong>Corporate Office:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>802, 8th Floor, Hubtown Solaris,<\/p><p>N. S. Phadke Marg, Vijay Nagar,<\/p><p>Andheri East, Mumbai \u2013 400069, India<\/p><p>Email: <a href=\"mailto:shareholders@iifl.com\">shareholders@iifl.com<\/a>&nbsp;<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Registered_Office\"><\/span><strong>Registered Office:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>IIFL House, Sun Infotech Park,<\/p><p>Road No. 16V, Plot No. B-23,<\/p><p>Thane Industrial Area, Wagle Estate,<\/p><p>Thane \u2013 400604, India<\/p><p>\ud83d\udcde Tel: +91-22-4103-5000<\/p><p>\ud83d\udce0 Fax: +91-22-2580-6654<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Lets_Wrap\"><\/span><strong>Let\u2019s Wrap&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The purpose of the IIFL Finance NCD issue is to mobilize funds (as indicated in the issue size specified in the prospectus) to facilitate business expansion and general corporate purposes. The IIFL Finance NCDs will be listed on stock exchanges such as BSE &amp; NSE Limited, with the listing date specified in the official schedule.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recent_Articles\"><\/span><strong>Recent Articles<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/blogs\/yashhtej-industries-ipo-gmp-subscription-day-2\">Yashhtej Industries IPO Day 2: Subscription at 0.29x, GMP Rises 20.91% | Live Updates<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/fractal-industries-ipo-listing-preview\">Fractal Industries IPO Listing Preview: What to Expect Now?<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/marushika-technology-ipo-listing\">Marushika Technology IPO Listing at 2.56% Premium at \u20b9120.00 Per Share<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/kiaasa-retail-ipo-review\">Kiaasa Retail IPO Review 2026: GMP Flat, Key Investor Insights<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/mobilise-app-lab-ipo-review\">Mobilise App Lab IPO Review 2026: GMP Rises 16.25%, Key Investor Insights<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/accord-transformer-switchgear-ipo-review\">Accord Transformer &amp; Switchgear IPO Review 2026: GMP Rises 21.74%, Key Investor Insights<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/shree-ram-twistex-ipo-review\">Shree Ram Twistex IPO Review 2026: GMP Rises 4.81%, Key Investor Insights<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/clear-max-envior-energy-solutions-ipo-review\">Clear Max Envior Energy Solutions IPO Review 2026: GMP Rises 0.66%, Key Investor Insights<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>IIFL Finance has launched its latest secured, redeemable, non-convertible debenture (NCD) issue under a \u20b92,000 crore shelf prospectus. Interest rates are going up to 9% per annum, and AA-rated companies. The issue is beneficial for income-focused investors seeking predictable returns. The IIFL Finance&nbsp; NCD issue opens on 17th Feb, 2026 and closes on 4th March,<\/p>\n","protected":false},"author":28,"featured_media":62408,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1281],"tags":[1015],"class_list":["post-62402","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-ipo"],"metadata":{"_edit_lock":["1771599238:23"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"amazonS3_cache":["a:8:{s:72:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/02\/IIFL-Finance-Limited.png\";a:2:{s:2:\"id\";i:62409;s:11:\"source_type\";s:13:\"media-library\";}s:81:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/02\/IIFL-Finance-Limited-1024x536.png\";a:2:{s:2:\"id\";i:62409;s:11:\"source_type\";s:13:\"media-library\";}s:104:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/20202059\/IIFL-Finance-Limited.png\";a:2:{s:2:\"id\";i:62409;s:11:\"source_type\";s:13:\"media-library\";}s:113:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/20202059\/IIFL-Finance-Limited-1024x536.png\";a:2:{s:2:\"id\";i:62409;s:11:\"source_type\";s:13:\"media-library\";}s:86:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/02\/Challenges-Related-to-IIFL-Finance.png\";a:2:{s:2:\"id\";i:62410;s:11:\"source_type\";s:13:\"media-library\";}s:95:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/02\/Challenges-Related-to-IIFL-Finance-1024x536.png\";a:2:{s:2:\"id\";i:62410;s:11:\"source_type\";s:13:\"media-library\";}s:118:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/20202139\/Challenges-Related-to-IIFL-Finance.png\";a:2:{s:2:\"id\";i:62410;s:11:\"source_type\";s:13:\"media-library\";}s:127:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/20202139\/Challenges-Related-to-IIFL-Finance-1024x536.png\";a:2:{s:2:\"id\";i:62410;s:11:\"source_type\";s:13:\"media-library\";}}"],"rank_math_primary_category":["1281"],"rank_math_seo_score":["79"],"rank_math_title":["IIFL Finance NCD 2026: Interest Rate up to 9%, Issue Size \u20b92,000 Cr, Dates, Review"],"rank_math_description":["IIFL Finance NCD 2026 opens Feb 17 and closes March 4. 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