IFL Finance files DRHP for an IPO

By Jagat Joshi
July 25, 2026

IFL Finance IPO date is not announced yet. IFL Finance is a book built issue and have plan to raise around ₹[.] crores via IPO that comprises fresh issue of ₹[.] crores and offer for sale of ₹[.] crores, up to 3,000,000 Equity Shares with face value of ₹10 each. The retail quota is 35%, QIB is 50%, and HNI is 15% as per DRHP. The IPO to list on NSE and BSE.

IFL Finance Limited, one of the leading players in the financial services space, has submitted its DRHP with the market regulator SEBI to float its Initial Public Offering (IPO) in the primary market.

As per the preliminary papers, the firm is looking to raise 3.55 crore new equity shares via a fresh issue and an offer-for-sale (OFS) of up to 30 lakh shares by promoters Sunita Bansal, Kriti Suri, Gopal Bansal HUF and Arvind Kumar Bansal HUF.

Object to the issue:

Use the proceeds to strengthen its Tier-I capital (core capital).
Support future lending and business growth.
Meet capital adequacy (regulatory) requirements.

Moreover, along with the company’s expansion, the listing of its IPO will also help the company enhance its brand name and increase its visibility, as mentioned in the DRHP.

The firm may also raise up to 1.15 crore shares via pre-IPO placement before the filing of its RHP. If successful, the 1.15 crore shares will be reduced from the fresh issue size.

IFL is a non-deposit-taking NBFC classified as an Investment and Credit Company (NBFC-ICC). It focuses mainly on offering retail loans with a focus on gold loans. The firm has its presence across 88 states in Rajasthan, Delhi, Uttar Pradesh, Madhya Pradesh and Haryana and serves more than 33,000 active customers.

The book-running lead manager to the issue is Aryaman Financial Services Ltd.

As of March 31, 2026, the company’s loan book consisted of:

84.77% – Gold loans
14.33% – Home loans
0.90% – Loans against property (LAP)

Financially, as of March 2026, the company’s gross loan portfolio increased to ₹520.49 crore from ₹279.10 crore in the 2-year timeline, highlighting a CAGR of 36.56%.

IFL Finance IPO Prospectus:

DRHP Draft Prospectus:	Click Here
RHP Draft Prospectus:	To be Updated Soon

IFL Finance Company Financial Report

Amount ₹ in Crores

Period Ended	Revenue	Expense	Profit After Tax
2024	₹63.78	₹47.73	₹12.15
2025	₹71.37	₹47.45	₹18.13
2026	₹85.70	₹56.37	₹21.63

IFL Finance IPO Valuation – FY2026

IFL Finance IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS):	₹2.55 (Basic)
Price/Earning P/E Ratio:	N/A
Return on Net Worth (RoNW):	11.93%
Net Asset Value (NAV):	₹21.40

Peer Group Comparison

Company	EPS	PE Ratio	RoNW %	NAV	Income
Capri Global Capital Ltd	10.15	24.60	13.18%	74.87	4,731.14 Cr.
Muthoot Finance Ltd	263.79	11.90	27.11%	974.68	31,209.23 Cr.
Finkurve Financial Services Limited	1.89	37.10	75.48%	24.63	207.22 Cr.
SBFC Finance Limited	4.13	22.76	12.10%	33.67	1,678.82 Cr.

IPO Lead Managers aka Merchant Bankers

Aryaman Financial Services Limited

Jagat Joshi

Founder of IPOWatch, brings nearly 15 years of experience in IPO analysis and market research. He provides complete coverage of upcoming IPOs, subscription trends, grey market premiums (GMP), and post-listing performance, along with easy-to-understand reviews, insights, and analysis. In his working journey, he has worked with various platforms and received expertise in stock market analysis and primary markets.