IBL Finance Limited Announces Allotment of 31 Unlisted Non-Convertible Debentures
IBL Finance Limited has announced the successful allotment of 31 Unlisted, Senior, Secured, Unrated, Taxable, Redeemable Non-Convertible Debentures (NCDs). The allotment, which took place on July 25, 2026, was conducted on a private placement basis and secured the company an aggregate funding amount of Rs. 31,00,000/-.The Finance Committee of IBL Finance Limited approved the transaction during its meeting held on July 25, 2026. The issuance of these NCDs was previously approved by the Board of Directors on July 16, 2025, and subsequently received approval via a Special resolution passed at the Annual General Meeting on August 22, 2025.
The transaction involved issuing 31 Non-Convertible Debentures (NCDs), each with a face value of Rs. 1,00,000/- and an issue price set at Rs. 1,00,000/- per debenture, totaling Rs. 31,00,000/-.
Key operational and financial details regarding the NCD issuance are summarized below:
| Feature | Details |
|---|---|
| Type of Security | Unlisted, Senior, Secured, Unrated, Taxable, Redeemable Non-Convertible Debentures (NCDs) |
| Issuance Basis | Private Placement to identified eligible investors |
| Total Securities Allotted | 31 NCDs |
| Issue Size | Rs. 31,00,000/- |
| Listing Status | Not proposed to be listed |
| Date of Allotment | July 25, 2026 |
| Maturity Date | Wednesday, May 9, 2029 (1019 days from allotment) |
| Coupon Rate | Fixed Coupon Rate of 13.00% Per Annum |
| Upfront Interest | 2% will be paid within seven working days of the allotment date |
| Payment Frequency | Monthly coupon payments |
| Security Coverage | Secured by a charge over receivables/Book Debts, maintaining a minimum security coverage of 1.05 times the loan amount |
Regarding the payment structure and default provisions, the NCDs are redeemable on maturity. The debentures carry a fixed coupon rate of 13.00% per annum. Additionally, there is a provision for a penalty in case of delayed payments: if the company defaults in paying the Coupon or redeeming the principal amount for more than three months from the due date, additional interest of at least 1% per annum over and above the Coupon Rate must be paid by the Company for the defaulting period.
IBLFL Stock Price Movement
On Friday, shares of IBL Finance Limited closed flat, holding steady at ₹61.00. The trading activity for the day included a volume of 10,000 shares.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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