New Delhi, February 17: IIFL Finance Ltd announced on Tuesday that its public issue of secured, redeemable, non convertible debentures has been fully subscribed within the first half of the opening day, underscoring strong investor demand for the offering.
The non banking financial company said the swift subscription reflects investor confidence in its financial position and growth outlook.
Strong Early Subscription on Opening Day
The public issue opened earlier in the day with an initial base size of ₹500 crore. The company has also included a green shoe option to retain oversubscription up to ₹1,500 crore, taking the total potential issue size to ₹2,000 crore.According to live data available on BSE Ltd, the issue had received subscriptions worth ₹652 crore by noon, crossing the base issue size within hours of launch.
The issue is scheduled to close on March 4, 2026.
NCD Details: Yield, Tenure and Interest Options
The secured NCDs offer an effective yield of up to approximately 9 per cent per annum. Investors can choose from multiple tenors of 24 months, 36 months, and 60 months.The company has provided flexible interest payout options, allowing investors to opt for monthly interest, annual interest, or cumulative interest payable at maturity.
Capital Deployment and Growth Plans
Managing Director Nirmal Jain said the company remains focused on prudent capital deployment to expand access to credit and create sustainable long term value for stakeholders.The funds raised through the NCD issue will be used for business growth and capital augmentation, the company said.
With full subscription achieved within hours of opening, the issue highlights sustained retail and institutional appetite for fixed income instruments offering competitive yields amid evolving market conditions.
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