ICL Fincorp NCD April 2024 – Effective Yield 13.73% p.a.

ICL Fincorp Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) subscription to start on April 5, 2024. ICL Fincorp will offer 13.73% interest rates on the NCDs. ICL Fincorp NCD has a rating of “CRISIL AA/Stable” by CRISIL Ratings Limited and “[ICRA]AA (Stable)” by ICRA Limited. The NCDs tenure is for 13, 24, 36, 60 and 68 months. Check out ICL Fincorp NCD 2024 details here.

ICL Fincorp NCD April 2024

Table of Contents

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 OpenApril 5, 2024
NCD Issue CloseApril 23, 2024
NCD Issue SizeBase: 75 Cr. | Shelf: [.] Cr.
Price Band₹1000 per NCD
Interest RateUp to 13.73%** (Annually)
Minimum Investment10 Bonds (₹10,000)
Listing onBSE Platform
Credit RatingACUITE BBB- by Acuite Ratings and Research Limited
Tenor13, 24, 36, 60 and 68 months
Basis of AllotmentFirst Come First Serve Basis
DRHP DocumentClick Here
RHP DocumentClick 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

OptTenurePaymentCouponEff. Yield
113 MonthMonthly11.00%11.57%
224 MonthMonthly11.50%12.13%
336 MonthMonthly12.00%12.68%
460 MonthMonthly12.50%13.24%
513 MonthCumu.NA11.55%
624 MonthCumu.NA12.36%
736 MonthCumu.NA13.03%
824 MonthAnnual11.75%11.75%
936 MonthAnnual12.25%12.25%
1068 MonthCumu.NA13.73%

ICL Fincorp NCD Allocation Ratio


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/

ICL Fincorp NCD April 2024 FAQs:

When is ICL Fincorp NCD Open?

ICL Fincorp NCD is to open on April 5, 2024 and close on April 23, 2024.

What is ICL Fincorp NCD Price?

The company has fixed the price at ₹1000 per NCD.

What is ICL Fincorp NCD Issue Size?

The NCD issue size is ₹75 crores.

On Which platform the ICL Fincorp NCD will list?

ICL Fincorp NCD will list on BSE Platforms.

How to apply for ICL Fincorp NCD?

You can apply from your existing Demat account online and offline.

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