Multibagger stock: Non-banking financial company (NBFC) IIFL Finance’s shares closed nearly 3% higher on Wednesday after the board of directors approved a ₹2,000 crore fundraise move through the issuance of non-convertible debentures (NCDs).
IIFL fundraise
IIFL Finance’s board approved a ₹2,000 crore fundraise through the issue of redeemable NCDs in one or more portions, including a greenshoe option.
This greenshow option means that there is a possibility for an additional NCD allotment if the investors’ demand is strong for the purchase of the company-issued non-convertible debentures.
“The Board of Directors of the company at their meeting held today, i.e. 26 November 2025, approved the public issue of secured, rated, listed, redeemable non-convertible debentures, with the shelf limit of up to ₹2,000 Crore, including green shoe option, if any, in one or more tranches, in compliance with the provisions of the Sebi,” the company informed the stock exchanges via the exchange filing.
In the BSE filing, the company also mentioned that the ₹2,000 crore fundraising via the NCDs will be subject to necessary regulatory and statutory approvals.
IIFL Finance shares hit one-year high
IIFL Finance share price closed 2.67% higher at ₹571.90 compared to ₹557.05 at the previous stock market close. The company announced its fundraiser approval move during the market operating hours on November 26.
Shares of IIFL have given stock market investors more than 485% returns on their investment in the last five years and over 38% returns in the last one-year period.
On a year-to-date (YTD) basis, the NBFC’s stock is up 36.16% in 2025 and has risen 12.69% in the last one-month period. IIFL Finance’s share price is trading 3.22% higher in the last five trading sessions.
The stock hit its 52-week high level at ₹577.05 on Wednesday, November 26, after the company’s ₹2,000 crore fundraiser move, while its 52-week low level stood at ₹280.95, touched on 4 March 2025, according to the BSE data.
The data also showed that the company’s market capitalisation (m-Cap) stood at ₹24,311.59 crore as of the stock market close on Wednesday.
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