IBL Finance Withdraws ₹50 Crore Public NCD Issue Amid Subscription Failure

Board on 19 Oct 2026 decided to withdraw the ongoing public NCD issue, citing UPI, mandate and ASBA banking failures restricting participation and preventing minimum subscription. First public debt attempt since listing and central to funding build; withdrawal on weak subscription marks funding-access setback for an externally funded, fast-scaling loan book. Applicants to be dealt with under regulatory process; subscription, refunds and re-filing plans undisclosed; funding overhang remains despite assurance of stable operations.