The NBFC(Non-Banking Financial Company)ICL Fincorp Limited was established in 1991 and began offering gold loans. The company provides loans against gold, where gold ornaments are kept as security. In addition to gold loans, ICL Fincorp also offers personal loans and business loans. The company operates in various states across India with a strong focus on customer onboarding, loan disbursal, and building an efficient ground management team. It has satisfactory financial performance such as revenue of 2024 ₹145.69 crore and assets worth ₹637.95 crore. As of September 30, 2024, the company had 295 branches, primarily located in the southern states of Andhra Pradesh, Telangana, Karnataka, and Kerala.
ICL Fincorp NCD November 2024 Details
| NCD Issue Open | November 11, 2024 |
| NCD Issue Close | November 25, 2024 |
| NCD Issue Size | Base: 75.00 Cr. | Shelf: 0 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 | CRISIL BBB-/Stable by CRISIL. |
| 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 2024 Promoters
- Kuzhuppilly Govinda Menon Anilkumar and Umadevi Anilkumar are the company’s promoters.
How to Apply ICL Fincorp NCD November 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
- Avoid
ICL Fincorp NCD November 2024 Tenure & Interest Rates
| Opt | Tenure | Payment | Coupon | Eff. Yield |
| 1 | 13 Month | Month | 11% | 11.57% |
| 2 | 24 Month | Month | 11.5% | 12.13% |
| 3 | 36 Month | Month | 12% | 12.68% |
| 4 | 60 Month | Month | 12.5% | 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 | 5% |
| Non-Institutional | 1% |
| HNI | 30% |
| Retail | 64% |
ICL Fincorp NCD November 2024 Lead Manager
- Saffron Capital Advisors Private Limited
ICL Fincorp NCD November 2024 Allotment Status
- ICL Fincorp NCD issue allotment available on Cameo.
ICL Fincorp NCD November 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
Plot No: C308, Door No: 66/40,
4th Avenue, Ashok Nagar,
Chennai – 600 083
Phone: +91 44 4208 2381
Email: [email protected]
Website: https://www.iclfincorp.com/
