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| Issue Size (Base) | ₹100.00Cr |
| Issue Size (Shelf) | ₹100.00Cr |
| Face Value | ₹1000 each NCD |
| Issue Price | ₹1000 per NCD |
| Market Lot | 1 NCD |
| Min Order Qty | 10 NCD |
| Min Order Amount | ₹10000 |
| Listing at | BSE |
| Tenor | 13, 24, 36, 60 and 68 months |
| Credit Rating | ACUITE BBB- with stable outlook by Acuité |
| Series | Series I to X |
| Payment Frequency | Monthly, Annual and Cumulative |
ICL Fincorp Limited's revenue decreased by -20.17% and profit after tax (PAT) rose by 156381.59% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 526.10 | 458.10 | 386.23 |
| Revenue | 88.53 | 110.89 | 75.99 |
| Profit After Tax | 3,132.91 | 2.00 | 1.42 |
| Net Worth | |||
| Reserves and Surplus | 32.84 | 26.39 | 27.28 |
| Total Borrowing | |||
| Amount in ₹ Crore | |||
The promoter of the company is Kuzhuppilly Govinda Menon Anilkumar
The company proposes to utilise the funds which are being raised through the Issue towards funding the following objects
| # | Issue Objects |
|---|
| Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 | Series 10 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Monthly | Monthly | Monthly | Cumulative | Cumulative | Cumulative | Annual | Annual | Cumulative |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 13 Months | 24 Months | 36 Months | 60 Months | 13 Months | 24 Months | 36 Months | 24 Months | 36 Months | 68 Months |
| Coupon (% per Annum) | 11.00% | 11.50% | 12.00% | 12.50% | NA | NA | NA | 11.75% | 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 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,125.16 | Rs 1,254.40 | Rs 1,423.83 | Rs 1,000.00 | Rs 1,000.00 | Rs 2,000.00 |
The NCDs proposed to be issued have been rated 'ACUITE BBB-' by Acuité.
ICL Fincorp Limited was established in 1991. We are a non-deposit-taking and systemically important non-banking financial company (“NBFC”) that provides gold loans against the pledge of household gold jewellery (“Gold Loans”).
The company specializes in providing gold loans to individuals, primarily middle-class families. Our Gold Loan business is based on customer focus, efficiency and a commitment to providing seamless financial services. We focus primarily on servicing our customers, disbursing loans and building an efficient local management team. We have invested in technologies and processes that enable quick and easy customer onboarding. This includes user-friendly digital interfaces and simplified documentation procedures that ensure clients can access our services with minimal effort.
Our company has entered the regulated financial services business. One of our key strengths is the fast disbursement of loans, which makes us a reliable partner for our customers in times of financial need. We have our own team of gold valuation experts.
