NCD Public Issue – Key Highlights
| Particulars | Details |
| Issuer | IBL Finance Limited |
| Type of Instrument | Secured, Rated, Listed and Redeemable NCDs |
| Total Issue Size | Up to ₹50 Crore (₹ 25 Crore Base Issue & Upto ₹ 25 Crore Green Shoe Option) |
| Issue Opening Date & Closing Date | October 12, 2026 to October 26, 2026 |
| Face Value | ₹1,000 per NCD |
| Minimum Application | ₹10,000 (10 NCDs) |
| Yield | Up to 12.12% p.a. |
| Tenure Options | 13, 24, 36 and 60 Months |
| Interest Payment Options | Monthly and Annual, as applicable to the respective series |
| Credit Rating | ACUITE BBB-/Stable |
| Proposed Listing | BSE Limited |
Comfort Securities Ltd is Lead Manager to the issue; Beacon Trusteeship Limited is the Debenture Trustee while KFin Technologies Limited is the Registrar.
About IBL Finance Limited
Established in 2017, IBL Finance Limited is a technology-driven NBFC registered with the Reserve Bank of India and listed on the NSE Emerge Platform.
The Company commenced its lending operations with a focus on providing accessible credit solutions to individuals, self-employed professionals and small business entrepreneurs through technology-enabled lending processes.
Over the years, the Company has strategically diversified its lending portfolio by extending term loans to Financial Institutions, including NBFCs engaged in retail and MSME lending. Company has cumulatively disbursed more than ₹ 475/- crore and distributed more than 2.60 lakhs no. of loans.
The Company continues to leverage technology, financial expertise and prudent lending practices to support its long-term growth objectives.
Financial Performance and Business Growth
IBL Finance Limited has demonstrated growth in its assets under management and net worth over recent financial years. As of March 31, 2026, the Company reported: Assets Under Management: ₹114.31 Crore and Net Worth: ₹61.10 Crore
The growth in the Company’s lending portfolio reflects its continued business expansion and increasing focus on institutional lending.
NCD Investment Options
The public issue offers NCDs with multiple maturity periods of 13, 24, 36 and 60 months, providing investors with flexibility to select an investment tenure based on their financial requirements.
The issue includes monthly and annual interest payment options, as applicable to the respective NCD series.
With a face value of ₹1,000 per NCD and a minimum application size of ₹10,000, investors can participate in the issue by applying for a minimum of 10 NCDs and thereafter in multiples of one NCD.
The maximum yield offered under the issue is 12.12% per annum, subject to the terms of the respective series.
Objects of the Issue
The net proceeds raised through the proposed NCD Public Issue are intended to be utilised for onward lending and financing, repayment or prepayment of Borrowings and for general corporate purpose.
The proposed NCD issue forms part of the Company’s strategy to diversify its borrowing sources and support its future lending operations.
Credit Rating and Security
The NCDs proposed to be issued have been assigned a credit rating of ACUITE BBB-/Stable by Acuité Ratings & Research Limited.
The rating indicates a moderate degree of safety regarding timely servicing of financial obligations and carries moderate credit risk.
The NCDs are secured instruments, with security arrangements established in accordance with the terms specified in the Prospectus and applicable regulatory requirements.
Investors should note that credit ratings are not recommendations to buy, sell or hold securities and may be revised or withdrawn by the rating agency.
How to Apply for IBL Finance NCD Public Issue?
Investors can apply for the NCD Public Issue through the following methods:
1. UPI Online Application through SEBI-Registered Stockbrokers & Authorised Platforms (Individual & HUF – Up to ₹5 Lakh)
Investors can apply directly through any of the following platforms:
2. Through Internet Banking (ASBA)
Investors can apply through Self-Certified Syndicate Banks (SCSBs) offering online NCD application facilities.
3. Through Physical Application Forms
Investors can download the application form from IBL Finance Download Page, complete the required details and submit the signed form at designated SCSB branches or authorised collection centres.
Investors may choose the applicable application mode based on their investor category and investment amount, subject to the eligibility and application requirements specified in the Prospectus.
For further information regarding the issue, application process, investment options and relevant documents, investors may visit:
Conclusion
The ₹50 crore NCD Public Issue represents an important step in IBL Finance Limited’s funding diversification strategy.
With an established operating history, expanding institutional lending portfolio, multiple NCD tenure options and a yield of up to 12.12% per annum, the issue provides investors with an additional fixed-income investment option, subject to the associated credit, liquidity and other investment risks.
Disclaimer: Investment in NCDs involves risks, including credit risk and market risk. Investors are advised to carefully read the Prospectus, including the risk factors, terms of the issue, security arrangements and other disclosures, before making any investment decision. Subscription to the issue is subject to eligibility and applicable regulatory requirements.
