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The principal amount of the NCDs to be issued in terms of the Shelf Prospectus and this Tranche I Prospectus together with all interest due and payable on the NCDs, shall be secured by way of first ranking pari passu charge by way of hypothecation over the receivables of the Company, both present and future, book debts, loans and advances and current assets of the Company that are in existence as on the date hereof and that shall come into existence at any time and from time to time hereafter (except those assets of the Company which are exclusively charged in favour of existing charge holders as of date and details of which are disclosed to the Debenture Trustee) such that a security cover of at least 100% of the outstanding principal amounts and interest thereon in respect of the Debentures is maintained at all times until the Maturity Date, created in favor of the Debenture Trustee, as specifically set out in and fully described in the Debenture Trust Deed and this Tranche I Prospectus. Without prejudice to the aforesaid, in the event our Company fails to execute the Debenture Trust Deed within the period specified in Regulation 18(1) of the SEBI NCS Regulations or such other time frame as may be stipulated from time-to-time, our Company shall also pay interest of at least 2% (two per cent) per annum to the NCD holders, over and above the interest rate on the NCDs specified in this Tranche I Prospectus, till the execution of the Debenture Trust Deed. |
| Issue Details |
| Issue Open |
17-Feb-2026-04-Mar-2026 |
| Security Name |
IIFL FINANCE LIMITED |
| Security Type |
Secured Redeemable Non-Convertible Debentures |
| Issue Size (Base) .Cr |
500 |
| Over subscription |
AN OPTION TO RETAIN OVERSUBSCRIPTION OF UPTO RS. 1500 CRORE ("GREEN SHOE OPTION") AGGREGATING UP TO RS. 2000 CRORE. |
| Issue Price |
1000 |
| Face Value |
1000 |
| Market Lot |
1 |
| Credit Rating |
Crisil AA/Stable by CRISIL and BWR AA+/Stable by BRICKWORK. |
| Tenor |
24 Months,36 Months,60 months |
| Series |
Series1,Series2,Series3,Series4,Series5,Series6,Series7,Series8,Series9 |
| Payment Frequency |
Monthly,Yearly,At the End |
| Objects of the Issue: |
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PUBLIC ISSUE BY THE COMPANY OF UPTO 20000000 SECURED, RATED, LISTED, REDEEMABLE, NON-CONVERTIBLE DEBENTURES OF FACE VALUE RS. 1000 EACH ("NCDs" OR "DEBENTURES"), AMOUNTING UP TO RS. 500 CRORE ("BASE ISSUE SIZE") WITH AN OPTION TO RETAIN OVERSUBSCRIPTION OF UPTO RS. 1500 CRORE ("GREEN SHOE OPTION") AGGREGATING UP TO RS. 2000 CRORE ("TRANCHE I ISSUE SIZE" OR "TRANCHE I ISSUE"). THE TRANCHE I ISSUE SIZE IS WITHIN THE SHELF LIMIT OF RS. 2000 CRORE. |
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| Company Promoters |
| Mr. Nirmal Bhanwarlal Jain |
| Mr. R Venkataraman |
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| Lead Managers |
| 1. Trust Investment Advisors Private Limited |
| 2. Nuvama Wealth Management Limited |
| 3. IIFL CAPITAL SERVICES LIMITED |
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| Registrar to the Issue |
| 1. MUFG Intime India Private Limited |
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