IBL Finance Limited Allots Rs. 38 Lacs Through Private Placement of Non-Convertible Debentures
IBL Finance Limited, formerly known as IBL Finance Private Limited, has announced the allotment of Unlisted, Senior, Secured, Unrated, Taxable, Redeemable Non-Convertible Debentures (NCDs). The allotment of the NCDs was approved by the company's Finance Committee during a meeting held on May 23, 2026.The company confirmed that the issuance of the NCDs was previously approved by the Board of Directors on July 16, 2025, and subsequently passed via a Special resolution of the shareholders at the Annual General Meeting on August 22, 2025.
The NCDs are being allotted on a Private Placement basis to identified eligible investors.
Transaction Details
The allotment involves the issuance of 38 NCDs. Key financial parameters of the transaction are detailed as follows:| Attribute | Details |
|---|---|
| Total Number of Securities Allotted | 38 NCDs |
| Face Value per NCD | Rs. 1,00,000/- |
| Issue Price per NCD | Rs. 1,00,000/- |
| Aggregate Size of Issue | Rs. 38,00,000/- (Rupee Thirty Eight Lacs Only) |
NCD Terms and Tenure
The debentures carry specific terms regarding tenure, interest, and security.The NCDs are redeemable on maturity. The details of the instrument's tenure and financial terms are summarized in the table below:
| Feature | Details |
|---|---|
| Type of Security | Unlisted, Senior, Secured, Unrated, Taxable, Redeemable Non-Convertible Debentures (NCDs) |
| Issuance Type | Private Placement basis to identified eligible investor |
| Date of Allotment | May 23, 2026 |
| Date of Maturity | 748 days from the date of allotment, i.e., Friday, June 9, 2028 |
| Coupon Rate | Fixed Coupon Rate of 13.00% Per Annum |
| Coupon Payment Frequency | Monthly |
The debentures are secured by a charge created by way of hypothecation of receivables/Book Debts of the company. This security maintains a minimum coverage of 1.05 times of the loan amount.
In the event of a default in payment of the Coupon and/or redemption of the principal amount, the company is required to pay additional interest of at least 1% (One Percent) per annum over and above the Coupon Rate for the defaulting period until the defaulted amount is paid.
IBLFL Stock Price Movement
On Friday, IBL Finance Limited shares rallied, settling at ₹59.8 after gaining 0.59% on the trading day. The stock traded on a moderate volume of 4,000 shares, closing higher than its previous session's mark of ₹59.45.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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