ICL Fincorp is a non-deposit taking and systemically important non-banking finance company (“NBFC”) in the gold loan sector lending money against the pledge of household gold jewelry (“Gold Loans”) in the states of Kerala, Tamil Nadu, Andhra Pradesh, Karnataka, Telangana, Odisha, Gujarat, and Maharashtra. They also provide loans against property, business loans, and personal loans.
As of September 30, 2023, They had a network of 258 branches with a major presence in the southern states including Kerala, Tamil Nadu, Andhra Pradesh, Karnataka, Telangana, and Odisha. They are currently registered with RBI as a non-deposit-taking, NBFC (registration no. B-07.00437 dated June 9, 2016) under Section 45 IA of the Reserve Bank of India Act, 1934. The Company is playing a dynamic role in the finance industry and has done noteworthy work in the past decades. The brand has its presence in five States of South India including Kerala, Tamil Nadu, Andhra Pradesh, Karnataka, and Telangana as well as branches in Odisha, Maharashtra, and Gujarat. The Company specializes in providing Gold Loans to individuals, primarily from middle-class families.
ICL Fincorp NCD November 2023 Details
| NCD Issue Open | November 28, 2023 |
| NCD Issue Close | December 11, 2023 |
| NCD Issue Size | Base: 100 Cr. | Shelf: 100 Cr. |
| Price Band | ₹1000 per NCD |
| Interest Rate | Up to 13.73% ** (Annually) |
| Minimum Investment | 10 Bonds (₹10,000) |
| Listing on | BSE Platform |
| Credit Rating | ACUITE BBB- with stable outlook by Acuité |
| Tenor | 13, 24, 36, 60 and 68 months |
| Basis of Allotment | First Come First Serve Basis |
| DRHP Document | Click Here |
| RHP Document | Click Here |
ICL Fincorp NCD November 2023 Promoters
- Kuzhuppilly Govinda Menon Anilkumar
How to Apply ICL Fincorp NCD November 2023 Issue?
You can apply from your existing Demat account online and offline. You can apply by downloading the form from the official website and filling up all the details with the cheque for the said amount. You can submit it to the collection centers.
ICL Fincorp NCD Review
- May Apply
ICL Fincorp NCD November 2023 Tenure & Interest Rates
| Opt | Tenure | Payment | Coupon | Eff. Yield |
| 1 | 13 Month | Monthly | 11.00% | 11.57% |
| 2 | 24 Month | Monthly | 11.50% | 12.13% |
| 3 | 36 Month | Monthly | 12.00 | 12.68% |
| 4 | 60 Month | Monthly | 12.50% | 13.24% |
| 5 | 13 Month | Cumulative | NA | 11.55% |
| 6 | 24 Month | Cumulative | NA | 12.36% |
| 7 | 36 Month | Cumulative | NA | 13.03% |
| 8 | 24 Month | Annual | 11.75% | 11.75% |
| 9 | 36 Month | Annual | 12.25% | 12.25% |
| 10 | 68 Month | Cumulative | NA | 13.73% |
ICL Fincorp NCD Allocation Ratio
| Category | Allocation |
| Institutional | 01% |
| Non-Institutional | 04% |
| HNI | 20% |
| Retail | 75% |
ICL Fincorp NCD November 2023 Lead Manager
- Saffron Capital Advisors Private Limited
ICL Fincorp NCD November 2023 Allotment Status
- ICL Fincorp NCD issue allotment available on Cameo India.
ICL Fincorp NCD November 2023 Registrar
Cameo Corporate Services Limited
Cameo Corporate Services Ltd.,
Subramanian Building # 1, Club House Road,
Chennai 600 002 – India
Phone: +91-44-28460390
Email: [email protected]
Website: https://ipo.cameoindia.com/
Company Information
ICL Fincorp Limited
No.61/1, VGP Complex,
First Avenue, Ashok Nagar,
Chennai–600 083, TamilNadu, India
Phone: +91 4802670400
Email: [email protected]
Website: https://www.iclfincorp.com/
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