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ICL Fincorp Limited NCD 2024- Details

NCD Status: Closed [5th Apr 2024 to 12th Apr 2024]

Rated 3/5 by Team InvestorGain
ICL Fincorp Limited NCD Detail

ICL Fincrop Limited is issuing secured and redeemable NCDs with a base issue size of Rs 75.00 Cr. The subscription period is opening from 05 Apr to 23 Apr 2024 and the company is issuing Series I to X at an issue price of Rs. 1000 per NCD. The lot size of NCD is about of 10 lots , so the total cost for NCD is Rs 10,000. The face value of each NCD is Rs. 1000. The tenure of the NCDs are13, 24, 36, 60 and 68 months with a coupon rate of 11.00% to 13.73% per annum.

Learn more about ICL Fincrop Limited including credit rating, coupon rates for each series, basis of allotment, payment frequency and more.

ICL Fincorp Limited NCD Details

NCD Opening Date: 5th Apr 2024
NCD Closing Date: 12th Apr 2024
NCD Type: Secured NCD
Issue Size (Base): ₹75.00Cr
Issue Size (Shelf):
Face Value: Rs 1000 each NCD
Issue Price: Rs 1000 per NCD
Market Lot: 1 NCD
Min Order Qty: 10 NCD
Min Order Amount: Rs 10000
Listing at: BSE
Tenor: 13, 24, 36, 60 and 68 months
Rating: ACUITE BBB- by Acuite Ratings and Research Limited
Series: Series I to X
Payment Frequency: Monthly, Annual and Cumulative
Basis of Allotment:
Interest on return:
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NCD Important Dates

Action Dates
NCD Activity Date
NCD Issue Open 5th Apr 2024
NCD Issue Close 12th Apr 2024
BSE Code: 3386
BSE Script Symbol: ICLII

* - Tentative Dates

Offer Details

Category Name NCD's Reserved NCD's Allocated
Institutional 7500 1%
Non-Institutional 7500 1%
HNI 225000 30%
Retail 510000 68%

About Company - ICL Fincorp Limited

ICL Fincrop Limited is a non-banking finance company (“NBFC”) offering gold loans and lending money against pledge of household gold (“Gold Loans") in the states of Kerala, Tamil Nadu, Andhra Pradesh, Karnataka, Telangana, Odisha, Gujarat and Maharashtra".

This Company has commenced a regulated financial services business in Chennai with a certificate of registration dated August 18, 1999, issued by the RBI with registration number 07,00437. The company has created its own identity and brand value in the NBFC sector. The company plays a dynamic role in the financial industry and has done remarkable work in the last few decades. The brand is present in five South Indian states including Kerala, Tamil Nadu, Andhra Pradesh, Karnataka and Telangana and has branches in Odisha, Maharashtra and Gujarat.

The company specializes in extending gold loans to individuals, with a particular focus on middle-class families. The gold loan business is underpinned by a dedication to customer-centricity, operational efficiency, and the provision of seamless financial services. Emphasizing customer service, efficient loan disbursement, and the establishment of a capable local management team, the company has made strategic investments in technology and streamlined processes to facilitate expedient and straightforward customer registration.

ICL Fincorp Limited Financial Information (Restated Consolidated)

ICL Fincorp Limited's revenue increased by 25.95% and profit after tax (PAT) rose by 11.86% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Profit After Tax0.863.042.712.80
Amount in ₹ Crore

ICL Fincorp Limited NCD Objective

The company proposes to utilise the funds which are being raised through the Issue towards funding the following objects

1. For the purpose of onward lending, financing, and for repayment/prepayment of principal and interest on existing borrowings of the Company; and
2. General corporate purposes.

ICL Fincorp Limited NCD Coupon Rates

#Series 1Series 2Series 3Series 4Series 5Series 6Series 7Series 8Series 9Series 10
Frequency of Interest PaymentMonthlyMonthlyMonthlyMonthlyCumulativeCumulativeCumulativeAnnualAnnualCumulative
Tenor13 Months24 Months36 Months60 Months13 Months24 Months36 Months24 Months36 Months68 Months
Coupon (% per Annum)11.00%11.50%12.00%12.50%NANANA11.75%12.25%NA
Effective Yield (% per Annum)11.57%12.13%12.68%13.24%11.55%12.36%13.03%11.75%12.25%13.73%
Amount on Maturity (In Rs.)Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,125.16Rs 1,245.40Rs 1,473.83Rs 1,000.00Rs 1,000.00Rs 2,000.00

ICL Fincorp Limited NCD Promoters

The promoter of the company is Kuzhuppilly Govinda Menon Anilkumar

ICL Fincorp Limited NCD Rating Details

The NCDs proposed to be issued under this Issue have been rated ACUITE BBB- by Acuite Ratings and Research Limited, with such ratings considered to have a stable outlook.

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ICL Fincorp Limited NCD Imporatant Links

  • ICL Fincorp Limited NCD DRHP >>Document
  • ICL Fincorp Limited NCD RHP >>Document
  • ICL Fincorp Limited NCD DRHP Shelf >>ICL Fincorp Limited NCD Draft Prospectus Shelf is not yet available.
  • ICL Fincorp Limited NCD RHP Shelf >>ICL Fincorp Limited NCD Red Herring Prospectus Shelf is not yet available.
  • ICL Fincorp Limited NCD Allotment Status >>ICL Fincorp Limited NCD Allotment is not declared yet, we will provide the link for status once allotment is out.

Company Address

ICL Fincorp Limited
No.61/1, VGP Complex, First Avenue, Ashok Nagar,
Chennai ,Tamil Nadu-600 083
Phone: +91 4802670400
Email: [email protected]

ICL Fincorp Limited NCD 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]

ICL Fincorp Limited NCD Lead Manager

  1. Saffron Capital Advisors Private Limited
ICL Fincorp Limited NCD Important dates - Issue Open Date, close Date, NCD Listing Date. NCD Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, NCD Listing date. What is the issue open date and close date for ICL Fincorp Limited? Should I apply in ICL Fincorp Limited NCD?

Last Updated on 2024-04-15T06:32:54+00:00

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