ICL FINCORP NCD April 2024 Description – ICL FINCORP is a non-deposit-taking, middle-layer Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India and operates predominantly in the gold loan segment, lending against the pledge of household gold jewellery. With a pan-regional footprint across Kerala, Tamil Nadu, Andhra Pradesh, Karnataka, Telangana, Odisha, Gujarat, Maharashtra, Goa, West Bengal and the Union Territory of Delhi, the company has established a strong presence in its core markets, supported by a network of 305 branches as of December 31, 2025.
Operational efficiency is supported by a fully digitised loan lifecycle, encompassing customer onboarding, gold appraisal, disbursement, servicing, and recovery, with real-time MIS and UPI-enabled payments. Risk management remains disciplined, reflected in declining gross NPA levels, which reduced to 0.52% as of 30 September 2025 from 3.84% in FY2023.
While gold loans dominate, the Company also offers property loans, business loans, vehicle loans, and personal loans, which together contribute less than 1% of total advances, providing limited but strategic diversification. Overall, the Company positions itself as a technology-enabled, customer-centric gold loan NBFC with strong collateral coverage, stable asset quality, and scalable branch-led operations.
Promoters of ICL FINCORP – Kuzhuppilly Govinda Menon Anilkumar, Umadevi Anilkumar
ICL FINCORP NCD January 2026 Details
| Subscription Dates | 5 – 18 February 2026 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures |
| Face Value | INR 1,000 per NCD |
| Issue Price | INR 1,000 per NCD |
| Issue Size (Base Issue) | INR 50 crores |
| Overall Issue Size (including oversubscription) | INR 100 crores |
| Minimum Lot Size | 10 NCDs |
| Market Lot | 1 NCD |
| Tenor | 13 months 24 months 36 months 60 months 72 months |
| Credit Rating | Crisil BBB – Stable |
| Category Reservation | Category 1(NI):1% Category 2 (QIB): 5% Category 3 (NII): 30% Category 4 (Retail): 64% |
| Basis of Allotment | First Come First Serve |
| Listing On | BSE |
ICL FINCORP NCD January 2026 – Options and Coupon Rates
| Option | Tenure | Interest Payment | Coupon Rate | Effective Yield | Maturity Amount |
| Series 1 | 13 months | Monthly | 10% | 10.47% | INR 1,000 |
| Series 2 | 24 months | Monthly | 10.50% | 11.02% | INR 1,000 |
| Series 3 | 36 months | Monthly | 11.00% | 11.57% | INR 1,000 |
| Series 4 | 60 months | Monthly | 11.50% | 12.13% | INR 1,000 |
| Series 5 | 13 months | Cumulative | NA | 10.50% | INR 1,114.23 |
| Series 6 | 24 months | Cumulative | NA | 11.00% | INR 1,232.10 |
| Series 7 | 36 months | Cumulative | NA | 11.50% | INR 1,386.20 |
| Series 8 | 24 months | Annual | 10.75% | 10.75% | INR 1,000 |
| Series 9 | 36 months | Annual | 11.25% | 11.25% | INR 1,000 |
| Series 10 | 72 months | Cumulative | NA | 12.25% | INR 2,000 |
ICL FINCORP Non-Convertible Debentures Lead Manager
VIVRO FINANCIAL SERVICES PRIVATE LIMITED
Vivro House 11, Shashi Colony, Opposite Suvidha Shopping Centre,
Paldi, Ahmedabad – 380 007, Gujarat, India
Tel: +91 794 40 4242/40/41
Email: [email protected]
Website: www.vivro.net
ICL FINCORP Non-Convertible Debentures Registrar
CAMEO CORPORATE SERVICES LIMITED
Subramanian Building, No.1 Club House Road, Chennai – 600 002, India
Tel: +91 44 4002 0700/ 2846 0390
Email: [email protected]
Website: www.cameoindia.com
ICL FINCORP Documents
- ICL FINCORP NCD Tranche IV Prospectus
- ICL FINCORP NCD Draft Prospectus
- Upcoming NCDs
ICL FINCORP Contact Details
ICL FINCORP LIMITED
ICL Fincorp Limited, Main Road, Irinjalakuda, Thrissur – 680121, Kerala, India
Tel: +91 480 267 0400, 282 8071, 283 1305
E-mail: [email protected]
Website: www.iclfincorp.com
ICL FINCORP NCD January 2026 Subscription Status (no. of times)
Coming soon
ICL FINCORP NCD Allotment Status
ICL FINCORP NCD January 2026 allotment status will be updated on the website of Cameo Corporate Services Limited. Click on this link to get allotment status.
ICL FINCORP NCD January 2026 FAQs
What is the face value and lot size of ICL FINCORP NCD January 2026?
The NCDs will be issued at a face value of INR 1,000 each NCD and the minimum lot size is 10 NCDs.
What is the frequency of interest payment in the ICL FINCORP NCD January 2026?
The payment frequency for ICL FINCORP NCD is Monthly, Annual, and cumulative.
What is the basis of allotment in ICL FINCORP NCD January 2026 offer?
ICL FINCORP NCDs will be allotted on a First Come First Serve Basis.