13.73% ICL Fincorp NCD December 2023

NCD Subscription Allotment Status
ICL Fincorp NCD December 2023

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 Dates28 Nov – 11 Dec 2023
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Face ValueINR 1,000 per NCD
Issue PriceINR 1,000 per NCD
Issue Size (Base Issue)INR 100 crores
Overall Issue Size (including oversubscription)INR 100 crores
Minimum Lot Size10 NCDs
Market Lot1 NCD
Tenor13 months
24 months
36 months
60 months
68 months
Credit RatingACUITE BBB
Category ReservationCategory 1 (QIB): 1%
Category 2 (NII): 4%
Category 3 (HNI): 20%
Category 4 (Retail): 75%
Basis of AllotmentFirst Come First Serve
Listing OnBSE

ICL Fincorp NCD December 2023 – Options and Coupon Rates

OptionTenureInterest PaymentCoupon RateEffective YieldMaturity Amount
Series 113 monthsMonthly11.00%11.57%INR 1,000
Series 224 monthsMonthly11.50%12.13%INR 1,000
Series 336 monthsMonthly12.00%12.68%INR 1,000
Series 460 monthsMonthly12.50%13.24%INR 1,000
Series 513 monthsCumulativeNA11.55%INR 1,125.16
Series 624 monthsCumulativeNA12.36%INR 1,254.40
Series 736 monthsCumulativeNA13.03%INR 1,423.83
Series 824 monthsAnnual11.75%11.75%INR 1,000
Series 936 monthsAnnual12.25%12.25%INR 1,000
Series 1068 monthsCumulativeNA13.75%INR 2,000

ICL Fincorp Non-Convertible Debentures Lead Manager

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

“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, 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)

8 Dec 20230.000.271.461.421.37
7 Dec 20230.000.271.461.431.37
6 Dec 20230.000.271.401.311.27
5 Dec 20230.000.271.371.221.20
4 Dec 20230.000.261.331.121.12
1 Dec 20230.
30 Nov 20230.
29 Nov 20230.
28 Nov 20230.000.170.770.570.53

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.


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