New Delhi, February 17 IIFL Finance Ltd, a NBFC firm, announced on Tuesday that the initial offering of its secured, redeemable, non-convertible debentures (NCDs) had been fully subscribed within the first half of the opening day.
This reflects strong investor demand and confidence in the company's financial strength, IIFL Finance said in a statement.
The public issue, which opened earlier on Tuesday, has an initial offering size of ₹500 crore with a green-shoe option to retain oversubscription up to ₹1,500 crore, totaling ₹2,000 crore. The issue closes on March 4, 2026.
As of noon, the issue was subscribed for ₹652 crore, according to live information available on BSE.
IIFL Finance Managing Director Nirmal Jain said that the company remains focused on deploying capital prudently to expand access to credit while creating sustainable long-term value for all stakeholders.
The funds raised will be used for business growth and capital augmentation, it said.
The NCDs offer an effective yield of up to approximately 9 per cent per annum, with investment tenors of 24 months, 36 months, and 60 months.
Investors have the flexibility to choose interest payment options, including monthly, annual, and cumulative (at maturity), it added.