India’s second mission to the Moon, Chandrayaan-2, carried one of the most advanced imaging spectrometers ever sent to image a planetary surface – the IIRS (Imaging Infra-Red Spectrometer) – a 250 band spectrometer developed at the Space Applications Centre (SAC), ISRO, India. In this study, IIRS data between 800 and 2000 nm have been used to derive photometrically corrected reflectance from calibrated radiance data supplied by ISRO’s online archive (Pradan) of Chandrayaan-2 data. Additionally, the photometric properties of three IIRS bands (950, 1500, and 1700 nm) have been studied in detail. Since the images obtained by IIRS are at different viewing geometry orientations, the purpose of performing a photometric correction on IIRS images is to re-project each pixel to a standard viewing geometry of incidence angle, i = 30°, emission angle, e = 0° and, phase angle, α = 30°. In order to correct the lunar limb darkening effect, a combination of the Lommel-Seeliger function and McEwen’s model was used. In addition, topographic data from the merged Digital Elevation Model of Lunar Reconnaissance Orbiter – Lunar Orbiter Laser Altimeter (LRO-LOLA) and SELENE Terrain Camera (TC) were utilized to remove effects from local topography. A photometric function was then applied on four images captured by IIRS which were included in the first public release of data in August 2021. Radiance and reflectance (obtained after implementing photometric correction on IIRS images) values were compared with L1 and L2 M3 (Moon Mineralogy Mapper) data from Chandrayaan-1. It was found that although IIRS images are much darker than M3, corrected IIRS reflectance images had a much smaller variation in terms of reflectance values with M3. Moreover, the associated spectral reddening and reflectance values are within range when compared with data from other lunar missions. In addition, the reflectance spectra derived from the corrected IIRS images have been plotted for each image. However, the spectra exhibit significantly deeper absorptions than their corresponding M3 data for the same pixel. Phase functions derived from three bands have a good correlation with the reflectance values and phase angles. Consequently, this function can be applied to all IIRS images as and when more data are released to the public.