Technology-enabled non-banking financial company IBL Finance Ltd has proposed a public issue of secured, rated, listed, and redeemable non-convertible debentures (NCDs) aggregating up to ₹50 crore. According to the company's statement, the issue comprises a base issue of ₹25 crore and a green shoe option to retain oversubscription of up to ₹25 crore, taking the total issue size to ₹50 crore. The NCD public issue is scheduled to open on October 12 and close on October 26, 2026, subject to the terms of the prospectus.
The NCDs, having a face value of ₹1,000 each, are proposed to be listed on BSE Ltd. As reported by the company, the NCDs are offered across four tenure options of 13 months, 24 months, 36 months, and 60 months, with yields of up to 12.12 per cent per annum. The minimum application size is set at 10 NCDs, amounting to ₹10,000.
According to IBL Finance Managing Director Manish Patel, the proposed NCD public issue is part of the company's funding strategy as it continues its lending operations across lending to individuals and financial institutions. As reported by the company, the proceeds from the issue will primarily be utilised for onward lending and financing, besides repayment or prepayment of principal and interest on existing borrowings. A portion of the funds may also be used for general corporate purposes.
