ICL Fincorp NCD November 2023 – Effective Yield 13.73% p.a.

ICL Fincorp Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) subscription to start on November 28, 2023. ICL Fincorp will offer 13.73% interest rates on the NCDs. ICL Fincorp NCD has a rating of ACUITE BBB- with stable outlook by Acuité. The NCDs tenure is for 13, 24, 36, 60 and 68 months. Check out ICL Fincorp NCD 2023 details here.
ICL Fincorp

Table of Contents

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 OpenNovember 28, 2023
NCD Issue CloseDecember 11, 2023
NCD Issue SizeBase: 100 Cr. | Shelf: 100 Cr.
Price Band₹1000 per NCD
Interest RateUp to 13.73% ** (Annually)
Minimum Investment10 Bonds (₹10,000)
Listing onBSE Platform
Credit RatingACUITE BBB- with stable outlook by Acuité
Tenor13, 24, 36, 60 and 68 months
Basis of AllotmentFirst Come First Serve Basis
DRHP DocumentClick Here
RHP DocumentClick 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

OptTenurePaymentCouponEff. Yield
113 MonthMonthly11.00%11.57%
224 MonthMonthly11.50%12.13%
336 MonthMonthly12.0012.68%
460 MonthMonthly12.50%13.24%
513 MonthCumulativeNA11.55%
624 MonthCumulativeNA12.36%
736 MonthCumulativeNA13.03%
824 MonthAnnual11.75%11.75%
936 MonthAnnual12.25%12.25%
1068 MonthCumulativeNA13.73%

ICL Fincorp NCD Allocation Ratio

CategoryAllocation
Institutional01%
Non-Institutional04%
HNI20%
Retail75%

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/

ICL Fincorp NCD November 2023 FAQs:


When is ICL Fincorp NCD Open?

ICL Fincorp NCD is to open on November 28 and close on December 11, 2023.

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 ₹100 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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