Hyderabad, Feb 16 (.) IIFL Finance Limited, one of India’s leading non-banking financial companies (NBFCs), has announced the launch of a public issue of secured, redeemable non-convertible debentures (NCDs) to raise up to Rs 2,000 crore.
The issue will open on Tuesday, February 17, with a base size of Rs 500 crore and a green-shoe option to retain oversubscription up to Rs 1,500 crore. The proceeds will be used for business growth and capital augmentation.
Addressing the media here on Monday, Sreekanth Remala, Associate Business Head – Gold Loans, Andhra Pradesh and Telangana, IIFL Finance, said the NCDs offer an effective yield of up to 9 per cent per annum. The debentures are available with tenors of 24, 36 and 60 months, with options for monthly, annual or cumulative interest payment at maturity.
The issue has been rated CRISIL AA/Stable by CRISIL Ratings and BWR AA (Stable) by Brickwork Ratings, indicating a high level of safety and very low credit risk with regard to timely servicing of financial obligations.
As on December 31, 2025, IIFL Finance reported consolidated loan assets under management (AUM) of Rs 98,336 crore. The company maintained strong asset quality, with gross non-performing assets (NPA) at 1.60 per cent and net NPA at 0.75 per cent of the consolidated loan book. About 83.61 per cent of the loan book was secured with adequate collateral, further mitigating risk.
For the third quarter of FY26, the company posted a profit after tax (PAT) of Rs 501.3 crore, registering a 514 per cent year-on-year growth. PAT for the nine months ended FY26 stood at Rs 1,193.5 crore, reflecting a growth of 265 per cent year-on-year. The company continues to maintain strong relationships with banks and financial institutions to support its funding strategy.
Remala said IIFL Finance currently operates 356 branches across Andhra Pradesh and Telangana, with around 180 branches in each state. The combined gold loan AUM in both states stands at about Rs 6,300 crore, with an average AUM of Rs 15 crore per branch. While Telangana branches report an average AUM of around Rs 20 crore, Andhra Pradesh branches average about Rs 12 crore.
He added that another 40 branches will be opened in the two states over the next two months, taking the total close to 400.
On a consolidated basis, IIFL Finance has a nationwide network of 4,761 branches and a workforce of 40,000 employees as of December 31, 2025.
The NCDs, with a face value of Rs 1,000 each and a minimum application size of Rs 10,000, will be listed on BSE Limited and the National Stock Exchange of India Limited. The issue will close on March 4, 2026, with an option for early closure, and allotment will be on a first-come, first-served basis.
IIFL Capital Director P Manohar was also present on the occasion.
. VV CDS