IBL Finance Allots Rs 10 Lakh Non-Convertible Debentures in Private Placement
IBL Finance Limited has completed the allotment of Unlisted, Senior, Secured, Unrated, Taxable, Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The company approved the issuance through its Finance Committee meeting held on June 20, 2026.The total size of the issue is Rs 10,00,000/- (Rupee Ten Lacs Only), comprising 10 Non-Convertible Debentures each with a face value and issue price of Rs 1,00,000/-. This issuance was approved previously by the Board of Directors on July 16, 2025, following shareholder approval at the Annual General Meeting held on August 22, 2025.
The NCDs are designated as Unlisted and were issued through a private placement to identified eligible investors. The tenure of these instruments runs from June 20, 2026, until January 11, 2028.
Details regarding the allotment and issuance structure are provided below:
| Feature | Details |
|---|---|
| Type of Securities | Unlisted, Senior, Secured, Unrated, Taxable Redeemable Non-Convertible Debentures (NCDs) |
| Issuance Method | Private Placement |
| Total Size | Rs 10,00,000/- |
| Date of Allotment | June 20, 2026 |
| Date of Maturity | January 11, 2028 (570 days from allotment) |
| Coupon Rate | Fixed at 13.00% Per Annum |
| Coupon Payment | At Maturity |
Security and Default Provisions
The NCDs are secured by a charge through the hypothecation of receivables or Book Debts of the company, which consist of standard loan assets. The minimum security coverage for the debentures is 1.05 times the loan amount.Regarding payment defaults, the terms stipulate that in case of default in the payment of Coupon and/or redemption of the principal amount of the Debentures on the respective due dates, additional interest of at least 1% per annum over and above the fixed Coupon Rate shall be payable by the company for the defaulting period until the defaulted amount is paid along with the delay penalty.
The debentures are redeemable upon maturity.
IBLFL Stock Price Movement
On Friday, shares of IBL Finance Limited settled flat through the close, recording a 0.00% change and finishing at ₹57.50. The stock traded with a volume of 2,000 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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