IIFL Finance Limited ( (IN:IIFL) ) just unveiled an update.
IIFL Finance Limited announced that its public issue of secured, rated, listed redeemable non-convertible debentures (NCDs) was oversubscribed 4.75 times, amounting to Rs 475.03 crore. The issue, which opened on April 7, 2025, will close early on April 11, 2025, due to the high demand. The funds raised will be used for onward lending, refinancing existing debt, and general corporate purposes. The NCDs have been rated ‘Crisil AA/Stable’ by Crisil Ratings Limited and ‘[ICRA] AA (Stable)’ by ICRA Limited, indicating a high degree of safety and low credit risk. This oversubscription reflects the strong corporate profile and solid track record of IIFL Finance, enhancing its industry positioning and stakeholder confidence.
More about IIFL Finance Limited
IIFL Finance Limited is a non-banking financial company (NBFC) that caters to a diverse customer base with a wide range of financial products. These include home loans, gold loans, MSME secured and unsecured loans, personal loans, supply chain finance, microfinance, construction and real estate finance, and capital market finance. The company serves both retail and corporate clients and operates through its subsidiaries, including IIFL Home Finance Limited and IIFL Samasta Finance Limited.
YTD Price Performance: -22.32%
Average Trading Volume: 112,276
Current Market Cap: 138B INR
For detailed information about IIFL stock, go to TipRanks’ Stock Analysis page.