Description

BSE announces the listing of nine series of Secured Rated Listed Redeemable Non-Convertible Debentures (NCDs) of IIFL Finance Limited, allotted on March 06, 2026, with face value of Rs. 1,000 per NCD across various tenors and coupon structures.

Summary

BSE has listed nine series of Secured Rated Listed Redeemable Non-Convertible Debentures (NCDs) issued by IIFL Finance Limited. All NCDs were allotted on March 06, 2026, with a face value and issue price of Rs. 1,000 per NCD. The series span three tenor buckets (2-year, 3-year, and 5-year) and offer three interest payment structures: monthly, annual, and cumulative (at maturity). The issue carries credit ratings of CRISIL AA/Stable and BWR AA+/Stable.

Key Points

  • Nine NCD series (Series I through IX) listed on BSE under scrip codes 940933 to 940949
  • Face value and issue price: Rs. 1,000 per NCD for all series
  • Coupon rates range from 8.37% p.a. (Series I, monthly) to 9.00% p.a. (Series VI, annual) for interest-paying series
  • Series VII, VIII, and IX are cumulative (zero coupon) with redemption amounts of Rs. 1,181.85, Rs. 1,290, and Rs. 1,539 respectively
  • Total securities issued: Series I – 885,713; Series II – 357,417; Series III – 802,864; Series IV – 4,345,595; Series V – 1,986,524; Series VI – 1,122,435; Series VII – 204,939; Series VIII – 261,126; Series IX – 249,778
  • Market lot: One NCD
  • Put/Call option: Not applicable
  • Credit ratings revalidated in December 2025 and February 2026

Regulatory Changes

No regulatory changes. This is a standard debt listing notification.

Compliance Requirements

No specific compliance requirements for market participants beyond standard trading rules applicable to listed NCDs on BSE’s debt market segment.

Important Dates

  • Date of Allotment: March 06, 2026
  • First Interest Payment Date (Series I, II, III – Monthly): April 01, 2026
  • First Interest Payment Date (Series IV, V, VI – Annual): March 06, 2027
  • First Interest Payment (Series VII, VIII, IX – Cumulative): N.A.
  • Redemption Dates:
    • Series I, IV, VII: March 06, 2028
    • Series II, V, VIII: March 06, 2029
    • Series III, VI, IX: March 06, 2031
  • CRISIL Rating Revalidation: February 11, 2026
  • BWR Rating Revalidation: December 24, 2025 / February 06, 2026

Impact Assessment

This listing makes IIFL Finance NCD series tradeable on BSE’s debt segment, providing liquidity to NCD holders. The issuance spans tenors of 2, 3, and 5 years with both regular income (monthly/annual coupon) and wealth accumulation (cumulative) options. The high credit ratings (CRISIL AA/Stable and BWR AA+/Stable) indicate strong creditworthiness. The large issuance in Series IV (over 4.3 million NCDs) suggests significant capital raising activity by IIFL Finance. Fixed-income investors holding these instruments now have an exit route via secondary market trading on BSE.

Impact Justification

Routine NCD listing announcement for IIFL Finance Limited covering nine series with aggregate issuance across multiple tenors; relevant to fixed-income investors but no regulatory or compliance changes involved.