ICL Fincorp’s new NCD issue offering up to 12.25% yield opens on April 10, providing a secure and flexible investment opportunity for investors.
Kochi: The public issue of secured redeemable non-convertible debentures (NCDs) by ICL Fincorp will open on April 10, announced Adv. K.G. Anilkumar, Chairman and Managing Director of the company.
The NCD issue offers an effective yield of up to 12.25%, making it an attractive and secure investment opportunity for those seeking flexible tenure options. Adv. Anilkumar stated that the company is pleased with the overwhelming response and investor confidence received in its previous NCD issues, which continues to motivate them to deliver enhanced financial services aligned with evolving customer needs.
The issue has received an ACUITÉ BBB/Stable rating and will remain open until April 24, 2026. Each NCD has a face value of ₹1,000. The issue offers 10 options with tenures of 13, 24, 36, 60, and 72 months, along with monthly, annual, and cumulative interest options. Interest rates range from 10.00% to 12.25%. With a minimum application amount of ₹10,000, the issue is accessible to a wide range of investors.
The funds raised through this issue will be strategically utilized to support ICL Fincorp’s growth initiatives and enhance the quality of services provided to customers and shareholders across India. The company has already expanded its presence across 12 states, including Kerala, Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Maharashtra, Odisha, Gujarat, West Bengal, Goa, Delhi, and Rajasthan, and is progressing rapidly towards strengthening its nationwide presence.
Salem Erode Investments, an NBFC listed on the BSE and part of the ICL Group, plays a key role in strengthening the group’s position in the financial sector.
ICL Fincorp offers a comprehensive range of services, including gold loans, hire purchase loans, and business loans. The ICL Group has also diversified into sectors such as travel, fashion, and diagnostics. With the launch of this new NCD issue, the company invites investors to be part of its journey toward financial growth, security, and long-term value, said Adv. Anilkumar.
Uma Devi Anilkumar serves as the CEO of ICL Fincorp. Application forms can be downloaded from the official website: www.iclfincorp.com. For more details, contact +91 85890 20137 or +91 85890 20186.
