The IIFL NCDs will be issued at face value of Rs 1,000 and the minimum application size is Rs 10,000 (10 NCD) and in multiple of Rs 1,000 (1 NCD) thereafter, across all categories. The NCDs will be listed on the BSE and National Stock Exchange of India.

The IIFL NCDs offer effective yield of up to 9% per annum for tenor of 60 months. The NCDs are available in tenors of 24 months, 36 months and 60 months. The frequency of interest payment is available on monthly, annual and cumulative basis for 60 months tenor, while for 24 months and 36 months it is available on annual and cumulative basis.

The company will utilise the proceeds for onward lending, financing, refinancing the existing indebtedness of IIFL Finance and general corporate purposes.

The credit rating has been "CRISIL AA/Stable" by CRISIL and "[ICRA] AA(stable)" by ICRA, which indicates that the instruments are considered to have a high degree of safety for timely servicing of financial obligations and carry very low credit risk.

IIFL Finance is a Systemically Important Non-deposit taking non-banking financial company ("NBFC-ND-SI") registered with the RBI, catering to the credit requirements of a diverse customer base with its plethora of products. The company's offerings include home loans, gold loans, loans against property and medium and small enterprise financing, micro finance, construction and real estate finance and capital market finance, catering to both retail and corporate clients.

As at 31 March 2023, 31 March 2022 and 31 March 2021, the company's consolidated assets under management were Rs 64,637.64 crore, Rs 51,209.79 crore and Rs 44,688.03 crore, respectively.

The company reported a 28.61% growth in consolidated net profit to Rs 412.74 crore on 17.74% rise in total income to Rs 2,276.01 crore in Q4 FY23 over Q4 FY22.