IIFL Finance allots INR 500 crore in debentures

IIFL Finance Limited (BSE: IIFL) announced today the allotment of 50,00,000 secured, rated, listed, redeemable, non-convertible debentures (NCDs) with a face value of INR 1,000 each. The allotment, approved by the Finance Committee of the Board on April 21, 2025, aggregates to INR 500 crore, raised via a public issue. These NCDs are part of a larger plan to raise capital within a shelf limit of INR 2,500 crore, with the current issuance falling under Tranche I. The Tranche I issue size included a base issue size of INR 100 crore with an option to retain oversubscription up to INR 400 crore. Crisil Ratings Limited rated the NCDs Crisil AA/Stable, and [ICRA] AA (Stable) by ICRA Limited. The debentures are secured by a first-ranking pari passu charge on the company's receivables and current assets. The NCDs will be listed on both the BSE and the National Stock Exchange (NSE), with the NSE being the designated stock exchange.