IIFL Finance Ltd announced a public issue of secured, redeemable, non-convertible debentures with base issue size of Rs. 300 crore and option to retain oversubscription up to Rs. 1,200 crores with a tranche II issue limit of Rs.1,500 crore, within the shelf limit of Rs. 5,000 crore by way of the tranche II prospectus dated June 2, 2023.