Description
BSE announces the listing of nine series of Secured Rated Listed Redeemable Non-Convertible Debentures of IIFL Finance Limited, allotted on March 06, 2026, with face value of Rs. 1,000 per NCD across scrip codes 940933 to 940949.
Summary
BSE has listed nine series of Secured Rated Listed Redeemable Non-Convertible Debentures (NCDs) issued by IIFL Finance Limited, all allotted on March 06, 2026. The NCDs have a face value and issue price of Rs. 1,000 each, with maturities ranging from 2028 to 2031. Series I–VI carry coupon rates between 8.37% and 9.00% p.a. (monthly or annual payment frequency), while Series VII–IX are cumulative instruments redeemable at Rs. 1,181.85, Rs. 1,290, and Rs. 1,539 respectively.
Key Points
- Nine NCD series (Series I–IX) listed on BSE under scrip codes 940933, 940935, 940937, 940939, 940941, 940943, 940945, 940947, and 940949.
- Face value and issue price: Rs. 1,000 per NCD for all series.
- Total securities: over 10.2 million NCDs across all nine series.
- Coupon rates range from 8.37% (Series I) to 9.00% (Series VI) per annum.
- Series I, II, III pay interest monthly; Series IV, V, VI pay annually; Series VII, VIII, IX are cumulative (paid at maturity).
- Redemption dates: Series I & IV & VII – March 06, 2028; Series II & V & VIII – March 06, 2029; Series III & VI & IX – March 06, 2031.
- Market lot: One NCD.
- Credit ratings: CRISIL AA / Stable (revalidated February 11, 2026) and BWR AA+ / Stable (revalidated December 24, 2025).
Regulatory Changes
No regulatory changes introduced. This is a standard listing notification under BSE’s debt market segment.
Compliance Requirements
- Trading members and investors should note the new scrip codes and ISINs for all nine NCD series before initiating trades.
- First interest payment date for Series I–III: April 01, 2026; for Series IV–VI: March 06, 2027; Series VII–IX: N.A. (cumulative).
- Put/Call option: Not applicable for any series.
Important Dates
| Event | Date |
|---|---|
| Date of Allotment | March 06, 2026 |
| First Interest Payment (Series I–III) | April 01, 2026 |
| First Interest Payment (Series IV–VI) | March 06, 2027 |
| Redemption – Series I, IV, VII | March 06, 2028 |
| Redemption – Series II, V, VIII | March 06, 2029 |
| Redemption – Series III, VI, IX | March 06, 2031 |
| CRISIL Rating Revalidation | February 11, 2026 |
| BWR Rating Revalidation | December 24, 2025 |
Impact Assessment
The listing provides liquidity to holders of IIFL Finance NCD across nine series on BSE’s debt market segment. With over 10.2 million NCDs listed at Rs. 1,000 each, the aggregate issue size is substantial. The high credit ratings (CRISIL AA/Stable and BWR AA+/Stable) indicate low credit risk. Debt market participants, institutional investors, and retail NCD holders can now trade these instruments on exchange. No impact on equity trading or broader market operations.
Impact Justification
Routine NCD listing circular for IIFL Finance Limited covering nine series with total securities in the millions; relevant to debt market participants and NCD investors but not a broad market event.