IBL Finance Limited Completes Private Placement of 48 Non-Convertible Debentures (NCDs)
IBL Finance Limited has completed the allotment of Unlisted, Senior, Secured, Unrated, Taxable, Redeemable Non-Convertible Debentures (NCDs) through a private placement. The company allotted 48 NCDs with a face value of Rs. 1,00,000/- each at an issue price of Rs. 1,00,000/-, aggregating to Rs. 48,00,000/.The allotment was approved by the Finance Committee of the company during its meeting on August 1, 2026. Previously, the issuance of the NCDs had been approved by the Board of Directors and subsequently sanctioned by a Special resolution passed at the Annual General Meeting held on July 31, 2026.
The debentures were issued under private placement terms to identified eligible investors. The instruments are designated as Unlisted, Senior, Secured, Unrated, Taxable, and Redeemable Non-Convertible Debentures (NCDs).
Key details regarding the NCD issuance and structure include:
| Feature | Details |
|---|---|
| Type of Security | Unlisted, Senior, Secured, Unrated, Taxable, Redeemable Non-Convertible Debentures (NCDs) |
| Issue Type | Private Placement to identified eligible investors |
| Total Securities Allotted | 48 NCDs |
| Issue Size | Rs. 48,00,000/- |
| Allotment Date | August 1, 2026 |
| Maturity Date | May 9, 2029 (Calculated from 1012 days) |
The coupon and interest terms for the NCDs are as follows:
- Coupon Rate: The fixed coupon rate is set at 13.00% Per Annum.
- Upfront Interest: A 2% upfront interest payment will be made within 7 working days from the allotment date.
- Payment Schedule: Coupon payments are scheduled monthly, and the final coupon payment date aligns with the maturity date of May 9, 2029.
The NCDs are secured by a charge created over the company’s receivables or Book Debts, which are standard loan assets. The minimum security coverage mandated is 1.05 times the loan amount.
The instruments are redeemable upon maturity. Furthermore, the agreement outlines provisions for default, stating that in case of failure to pay the Coupon and/or redemption of the principal amount on the due date, additional interest of at least 1% per annum above the Coupon Rate shall be payable for the defaulting period until payment is complete.
IBLFL Stock Price Movement
On Friday, IBL Finance Limited shares edged higher to close at ₹61.55, reflecting a gain of 0.08%. The stock saw the entire trading session complete with a total traded volume of 2,000 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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