ICL Fincorp NCD December 2023 Description – 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 jewellery (Gold Loans) in the states of Kerala, Tamil Nadu, Andhra Pradesh, Karnataka, Telangana, Odisha, Gujarat, and Maharashtra. It also provides loans against property, business loans, and personal loans.
The company specializes in providing Gold Loans to individuals, primarily from middle-class families. The Gold Loan portfolio for the quarter-ended 30 June 2023 and FY 2023, 2022, 2021 amounted to INR 409.95 crore, and INR 392.94 crore, INR 335.63 crore, INR 280.47 crore which is 99.26%, 99.20%, 97.51% and 92.98% of the total loans and advances (excluding off-balance sheet assets) as on such specific dates, on standalone basis.
As of 30 September 2023, ICL Fincorp had a network of 258 branches with a major presence in the southern states including Kerala, Tamil Nadu, Andhra Pradesh, Karnataka, Telangana, and Odisha.
Promoters of ICL Fincorp – Kuzhuppilly Govinda Menon Anilkumar, and Umadevi Anilkumar
ICL Fincorp NCD December 2023 Details
| Subscription Dates | 28 Nov – 11 Dec 2023 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Face Value | INR 1,000 per NCD |
| Issue Price | INR 1,000 per NCD |
| Issue Size (Base Issue) | INR 100 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 68 months |
| Credit Rating | ACUITE BBB |
| Category Reservation | Category 1 (QIB): 1% Category 2 (NII): 4% Category 3 (HNI): 20% Category 4 (Retail): 75% |
| Basis of Allotment | First Come First Serve |
| Listing On | BSE |
ICL Fincorp NCD December 2023 – Options and Coupon Rates
| Option | Tenure | Interest Payment | Coupon Rate | Effective Yield | Maturity Amount |
| Series 1 | 13 months | Monthly | 11.00% | 11.57% | INR 1,000 |
| Series 2 | 24 months | Monthly | 11.50% | 12.13% | INR 1,000 |
| Series 3 | 36 months | Monthly | 12.00% | 12.68% | INR 1,000 |
| Series 4 | 60 months | Monthly | 12.50% | 13.24% | INR 1,000 |
| Series 5 | 13 months | Cumulative | NA | 11.55% | INR 1,125.16 |
| Series 6 | 24 months | Cumulative | NA | 12.36% | INR 1,254.40 |
| Series 7 | 36 months | Cumulative | NA | 13.03% | INR 1,423.83 |
| Series 8 | 24 months | Annual | 11.75% | 11.75% | INR 1,000 |
| Series 9 | 36 months | Annual | 12.25% | 12.25% | INR 1,000 |
| Series 10 | 68 months | Cumulative | NA | 13.75% | INR 2,000 |
ICL Fincorp Non-Convertible Debentures Lead Manager
SAFFRON CAPITAL ADVISORS PRIVATE LIMITED
605, SiXlh Floor, Centre Pont, Andheri-Kura Road,
J. B. Nagar, Andheri (East), Mumbai – 4 00 059, Maharashtra
Phone: +91 22 49730394
Email: [email protected]
Website: www.saffronadvisor.com
ICL Fincorp Non-Convertible Debentures Registrar
CAMEO CORPORATE SERVICES LIMITED
“Subramanian Building”, No.1 Club House Road,
Chennai – 600 002, Tamil Nadu, India
Phone: +91 44 4002 0700
Email: [email protected]
Website: buyback.cameoindia.com/amrutanjan
ICL Fincorp Documents
ICL Fincorp Contact Details
ICL FINCORP LIMITED
ICL Fincorp Limited, Main Road,
Irinjalakuda, Thrissur – 680121, Kerala
Phone: +91 480 2670400, 2828071, 2831305
Email: [email protected]
Website: www.iclfincorp.com
ICL Fincorp NCD December 2023 Subscription Status (no. of times)
| Date | QIB | NII | HNI | Retail | Total |
| 8 Dec 2023 | 0.00 | 0.27 | 1.46 | 1.42 | 1.37 |
| 7 Dec 2023 | 0.00 | 0.27 | 1.46 | 1.43 | 1.37 |
| 6 Dec 2023 | 0.00 | 0.27 | 1.40 | 1.31 | 1.27 |
| 5 Dec 2023 | 0.00 | 0.27 | 1.37 | 1.22 | 1.20 |
| 4 Dec 2023 | 0.00 | 0.26 | 1.33 | 1.12 | 1.12 |
| 1 Dec 2023 | 0.00 | 0.26 | 1.22 | 1.00 | 1.00 |
| 30 Nov 2023 | 0.00 | 0.25 | 1.18 | 0.94 | 0.95 |
| 29 Nov 2023 | 0.00 | 0.25 | 1.06 | 0.78 | 0.81 |
| 28 Nov 2023 | 0.00 | 0.17 | 0.77 | 0.57 | 0.53 |
ICL Fincorp NCD December 2023 Allotment Status
ICL Fincorp NCD December 2023 allotment status will be available on Cameo Corporate Services’ website. Click on Cameo Corporate Services weblink to get allotment status.
ICL Fincorp NCD December 2023 FAQs
What is the face value and lot size of ICL Fincorp NCD December 2023?
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 ICL Fincorp NCD December 2023?
The frequency of payment for ICL Fincorp NCD is Monthly, Annual, and cumulative.
What is the basis of allotment in ICL Fincorp NCD December 2023 offer?
ICL Fincorp NCDs will be allotted on a First Come First Serve Basis.
