Since its inception in 1991, ICL Fincorp Limited has emerged as a premier non-banking financial entity, flourishing under the adept leadership of Mr. K.G. Anil Kumar. Originally established as “Irinjalakkuda Credits & Leasing Company” within the confines of Annamanada, Thrissur, it has since transformed, adopting the moniker ICL Fincorp Limited. Over three decades, the company has significantly expanded its footprint, establishing branches across various Indian locales, including Maharashtra and Gujarat. Beyond its core offering of gold loans, ICL Fincorp Limited diversifies its portfolio with vehicle and asset financing options. Moreover, the company extends its expertise to sectors such as Travel & Tourism, Education, and Sports, broadening its scope of services.
ICL Fincorp NCD April 2024 Details
| NCD Issue Open | April 5, 2024 |
| NCD Issue Close | April 23, 2024 |
| NCD Issue Size | Base: 75 Cr. | Shelf: [.] 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- by Acuite Ratings and Research Limited |
| 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 April 2024 Promoters
- The Company has no identifiable promoters and is a professionally managed company.
How to Apply ICL Fincorp NCD April 2024 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
- NA
ICL Fincorp NCD April 2024 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 | Cumu. | NA | 11.55% |
| 6 | 24 Month | Cumu. | NA | 12.36% |
| 7 | 36 Month | Cumu. | NA | 13.03% |
| 8 | 24 Month | Annual | 11.75% | 11.75% |
| 9 | 36 Month | Annual | 12.25% | 12.25% |
| 10 | 68 Month | Cumu. | NA | 13.73% |
ICL Fincorp NCD Allocation Ratio
| Category | Allocation |
| Institutional | 30% |
| Non-Institutional | 10% |
| HNI | 30% |
| Retail | 30% |
ICL Fincorp NCD April 2024 Lead Manager
- Saffron Capital Advisors Private Limited
ICL Fincorp NCD April 2024 Allotment Status
- NA
ICL Fincorp NCD April 2024 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/
