IBL Finance Ltd. NCD (IBL Finance NCD September 2026) Detail

₹50.00 Cr| Listing at BSE, NSE | Mon, Oct 12, 2026 - Mon, Oct 26, 2026

IBL Finance Ltd. NCD issue is a public issue of secured, redeemable, non-convertible debenture with a base issue size of ₹25.00 Cr and an option to retain oversubscription up to ₹25.00 Cr, aggregating to a total issue size of ₹50.00 Cr. The NCDs are offered at a face value ₹1000 each and an issue price of ₹1000 per NCD.

IBL Finance Ltd. NCD issue opens on Oct 12, 2026 and closes on Oct 26, 2026. NCD are proposed to be listed on NSE and BSE.

The minimum lot size is 10 NCDs, requiring a minimum investment of ₹10,000, while the market lot for trading is 1 NCD.

The issue offers interest rates ranging from per annum to per annum, depending on the series and tenure selected.

The NCD has been rated: BBB- Stable by Acuité Ratings & Research Limited.

Comfort Securities Ltd. is the Lead Manager to the issue, Beacon Trusteeship Ltd. is the Debenture Trustee, and Kfin Technologies Ltd. is the Registrar to the Issue.

Investors are advised to refer to the NCD Offer Document for detailed information on risk factors, financials, and the terms of the issue.

Open Date

Mon, Oct 12, 2026

Close Date

Mon, Oct 26, 2026

Issue Size (Tranche)

₹150.00 Cr

Coupon Rate

Upto 11.5% p.a.

IPO Details

Security Name

IBL Finance Ltd.
Issue Size (Base)

₹25.00 Cr
Overall Issue Size

₹50.00 Cr
Face Value

₹1000 each NCD
Market Lot

1 NCD
Basis of Allotment

FCFS

Security Type

Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Oversubscription)

₹25.00 Cr
Issue Size (Shelf)

₹1000 per NCD
Issue Price

10 NCD
Minimum Lot size

10 NCD
Listing at

BSE, NSE
Debenture Trustee/s

Beacon Trusteeship Ltd.

NCD Rating

IBL Finance Ltd. NCD Rating given as following :

#	Rating Agency	NCD Rating	Outlook	Safety Degree	Risk Degree
1	Acuité Ratings & Research Limited	BBB-	Stable	Moderate degree of safety	Moderate Credit Risk

Company Financials (Restated Standalone)

IBL Finance Ltd.’s revenue increased by 33% and profit after tax (PAT) rose by 4% between the financial year ending with March 31, 2026 and March 31, 2025. (Amount in ₹ Crore )

Period Ended	31 Mar 2026	31 Mar 2025	31 Mar 2024
Assets	129.86	112.87	66.36
Total Income	17.33	13.06	14.22
Profit After Tax	2.44	2.36	2.28
Reserves and Surplus	36.37	33.93	31.57
Total Borrowing	131.55	44.17	4.91

About IBL Finance Ltd.

Incorporated in August 2017, IBL Finance Limited is a technology-driven Non-Banking Financial Company (NBFC) providing digital lending solutions to retail customers through personal loans and to financial institutions through term loans. The Company operates a technology-enabled lending platform supported by digital processes, data analytics and proprietary credit assessment models. These capabilities enable digital customer onboarding, credit evaluation, loan servicing and portfolio monitoring, while the Company focuses on responsible lending, prudent risk management and operational efficiency.

IBL Finance initially focused on providing digital personal loans to self-employed individuals, salaried professionals and small business entrepreneurs. It has subsequently diversified into term lending to financial institutions engaged in retail and MSME lending, thereby broadening its borrower base and geographic presence. The Company continues to focus on technology-led innovation, financial inclusion, disciplined underwriting and sustainable growth.

The Company’s equity shares were listed on the NSE Emerge platform in January 2024 following an initial public offering that raised approximately ₹33.50 crore. The Company continues to strengthen its lending franchise through technology, risk management and governance practices, with a focus on creating long-term value for its stakeholders.

Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects

Est Amt (₹ Cr.)
1 For the purpose of onward lending, financing, and for repayment/prepayment of principal and interest on existing borrowings of the Company
2 General corporate purposes
Total

0.00

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Company Contact Information

IBL Finance Ltd.
Shop-151, Silver Stone Arcade
Near Kantheriya Hanuman Temple, OP-34/ABCD
FP-50, Singanpore, Causeway Road, Katargam
Surat, Gujarat, 395004

9328116900
compliance@iblfinance.in
Visit Website

NCD Registrar

Kfin Technologies Ltd.

040-79615565
efsl.ncdipo@kfintech.com
Visit Website

NCD Lead Manager(s)

Comfort Securities Ltd.

IPO FAQs

How to apply IBL Finance Ltd. NCD IPO?

NSE and BSE offer NSEgoBid and BSEDirect apps/websites through which retail investors can apply for NCDs up to Rs 5 lakhs. Not all brokers and banks provide the facility to apply for NCD online.

To apply for an NCD online, the investor should fill in the NCD bid details online and provide the details of the DP and bank accounts (ASBA/UPI) as requested. In the case of a UPI application, the investor needs to approve the UPI mandate to complete the application process.

Steps to invest in NCD IPO through GoldenPi

Retail investors can apply for an IPO online if the investment amount is less than or up to 10 lakhs.

Visit www.goldenpi.com
Look for the “Collections” tab.
Click on Best Ongoing IPOs.
Select the desired NCD IPO.
Select the series and investment quantity.
Enter your name, email ID and mobile number for verification.
Enter PAN and demat account details,
Enter the UPI ID.
Click on “Apply IPO”.
Approve the UPI mandate.
Steps to apply for NCD IPO with Indiabonds:

Visit www.indiabonds.com
Look for the ‘Products’ section on the home page.
Go to Public Issue
Select the desired NCD.
Click on ‘Apply Now’.
Select the investor type and category.
Select the investment series and enter the quantity.
Click on Invest.
Enter the personal details, i.e. name, date of birth, e-mail, contact, address, demat information and payment details.
Preview and confirm the form.
Confirm the UPI mandate upon receipt.

How to buy IBL Finance Ltd. NCD?

You can buy or invest in NCD IPOs through the following intermediaries:

Registered stock brokers, for example, Angel Broking.
Self-certified underwriters.
Depository Participants.
NSE platform – NSEgoBid.
BSE platform – BSEDirect.
The investor can apply for the NCD IPO online through NCD intermediaries such as a registered stockbroker, provided the broker offers an online application for the NCD IPO. Not many brokers allow you to invest in an NCD IPO online. Currently, very few brokers, such as Nuvama Wealth, Angel One, and SBI Securities, offer the facility to apply for NCD IPOs electronically. You should check with your broker or intermediary to see if the online application facility for the NCD IPO is available through them.

Refer to the detailed guidelines on NSEgoBID and BSEDirect for information on the registration process and how to apply for NCDs through the exchange.

Important links :

Web links of BSEDirect and NSEgoBID.
PlayStore links for BSEDirect and NSEgoBID.
AppStore links for BSEDirect and NSEgoBID.
Read more about NCD Application Process.

What is the coupon rate in IBL Finance Ltd. NCD?

The coupon rates for IBL Finance Ltd. NCDs vary depending on the series and tenure.
Specifically, Series 1 offers 10.00% for 13 months, Series 2 offers 10.50% for 24 months, Series 5 offers 10.75% for 24 months, Series 3 offers 11.00% for 36 months, Series 6 offers 11.25% for 36 months, Series 4 offers 11.50% for 60 months, and the highest coupon rate of 11.50% is offered for Series 4 with tenures 60 months.

What is the minimum amount to be invested in IBL Finance Ltd. NCD?

The minimum amount required for NCD investment is Rs. 10,000.

Generally, the minimum lot size of NCD is 10, and the face value is 1,000.

How to check IBL Finance Ltd. NCD Allotment status?

NCD allotment can be checked on the BSE website or with the Registrar once the allotment has been made.

Steps to check the NCD allotment status at the BSE:

Visit the BSE status of the issue application page.
Select the Issue type – Debt.
Select the Issue name from the drop-down list.
Enter your application number or PAN.
Tick ‘I’m not a robot’ button.
Click on Search.
Alternatively, the applicant can also check the allotment status on the respective website of the Registrar for the issue. The applicant will need their PAN details or the applicant’s Aadhaar number to check the status.

Generally, all applicants receive full allotment due to the retention of the oversubscription option.

Read more information on NCD Subscription and NCD Allotment Process.

Can we withdraw IBL Finance Ltd. NCD before maturity?

No, you cannot withdraw or redeem IBL Finance Ltd. NCDs before maturity directly from the company. However, there are a couple of options available if you want to exit early:

Listing on Stock Exchange (Secondary Market Sale)
If the NCDs are listed on stock exchanges (like BSE/NSE), you can:

Sell them on the exchange before maturity, just like shares.
Early redemption by the company
Only possible if a “call option” exists.

Read more about NCD Subscription and Allotment Process

Can the IBL Finance Ltd. NCD bid be cancelled or withdrawn after applying?

Bid Cancellation and Withdrawal Policy for NCD Applicants

Before Issue Closure:
Applicants are allowed to cancel their bid at any time before the issue closing date.
After Issue Closure:
Some issuers may permit bid withdrawal even after the issue has closed.
In such cases, the applicant must:
Submit a withdrawal request to the Registrar to the Issue.
Ensure the request is made before the finalisation of the Basis of Allotment.
Submit the request no later than two working days from the date of issue closure (or early closure, if applicable).
Note:
The specific process and conditions for post-closure cancellation vary by issuer. Applicants should refer to the Offer Document for issuer-specific guidelines.