A public offering of secured redeemable non-convertible debentures (NCDs) with a Rs 500 crore issue size and a greenshoe option to retain oversubscription up to Rs 1,500 crore, totaling Rs 2,000 crore, was launched on Tuesday, February 17, 2026, according to IIFL Finance Limited, one of India’s top non-banking financial companies (NBFCs). The money raised will be used for capital augmentation and business expansion.

This was announced by Mr. Gaurav Mishra, Director, IIFL Capital Services Limited, and Mr. Niloy Ghosh, Associate Business Head, IIFL Finance.

With investment tenors of 24, 36, and 60 months, the NCDs provide an effective yield of up to 9% annually. Monthly, yearly, and cumulative (at maturity) interest payments are among the possibilities available to investors.

The proposed issuance has been rated BWR AA+ (Stable) by Brickwork Ratings and CRISIL AA/Stable by CRISIL Ratings, indicating very low credit risk and a high degree of safety for the timely servicing of financial obligations.

IIFL Finance reported 98,336 crore in consolidated loan assets under management (AUM) as of December 31, 2025. With a Gross Non-Performing Asset (NPA) of 1.60% and a Net NPA of 0.75% as a proportion of its consolidated Loan Book as of December 31, 2025, the company is still maintaining high asset quality. Furthermore, as of December 31, 2025, 83.61% of the company’s total loan book was backed by sufficient collateral, which further reduces risk.

The company’s profit after tax (PAT) for the third quarter of FY26 was ₹501.3 crore, up 514% from the previous year. PAT for the nine months ended FY26 was ₹1,193.5 crore, up 265% from the previous year. To support its funding plan, the business keeps up solid ties with a number of banks and financial organizations.

Consolidated, the company had 4,761 branches around the nation as of December 31, 2025, and employed 36,786 dependable workers.

IIFL Capital Services Limited, Trust Investment Advisors Private Limited, and Nuvama Wealth Management Limited are the issue’s principal managers. To give investors liquidity, it is suggested that the NCDs be listed on the National Stock Exchange of India Limited and the BSE Limited.

With a minimum application size of Rs 10,000 for all investor groups, the NCDs will be issued with a face value of Rs 1,000 each. With the possibility of an early closing, the public issue opened on Tuesday, February 17, 2026, and will end on Wednesday, March 4, 2026. The distribution will be made according to the order of arrival.

Priyanka Dutta