New Delhi, Gold loan-focused NBFC IFL Finance has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO).
The proposed IPO comprises a fresh issue of up to 3.55 crore equity shares and an offer-for-sale (OFS) of up to 30 lakh equity shares by existing shareholders, according to the draft red herring prospectus (DRHP) filed on Wednesday.
The New Delhi-based non-deposit-taking NBFC proposes to utilise the proceeds from the fresh issue to augment its Tier-I capital base to support future capital requirements, including lending activities, and to comply with the capital adequacy norms.
The company may also undertake a pre-IPO placement of up to 1.15 crore equity shares before filing the red herring prospectus. If completed, the size of the fresh issue will be reduced accordingly.
IFL Finance is a non-deposit-taking NBFC classified as an Investment and Credit Company (NBFC-ICC) under the RBI’s Base Layer framework. The company primarily provides secured retail loans with a focus on gold loans.
As of March 31, 2026, it operated 88 branches across Delhi, Rajasthan, Madhya Pradesh, Uttar Pradesh and Haryana, serving more than 33,000 active borrowers.
The company’s gross loan portfolio grew to Rs 520.49 crore as of March 31, 2026, from Rs 279.10 crore two years earlier, registering a 36.56 per cent CAGR.
Gold loans accounted for 84.77 per cent of the loan book, while home loans and loans against property contributed 14.33 per cent and 0.90 per cent, respectively, as of March 31, 2026.
Aryaman Financial Services is the sole book-running lead manager to the issue, while Skyline Financial Services is the registrar.
