Kochi: The latest public issue of Secured Redeemable Non-Convertible Debentures (NCDs) by leading non-banking financial company ICL Fincorp will open on August 10 and close on August 21, announced Chairman and Managing Director Adv. K.G. Anilkumar during a press conference.
Offering an effective yield of up to 12.25%, this investment presents an attractive opportunity for investors seeking long-term stability and flexible tenure options. He highlighted that the overwhelming response from investors to previous issues serves as the key driving force behind the company’s commitment to delivering enhanced financial services.
The issue has been assigned a CRISIL BBB-/Stable rating by the leading rating agency CRISIL. The face value of each NCD is ₹1,000. The issue features 10 distinct schemes across tenures of 13, 24, 36, 60, and 72 months, with monthly, annual, and cumulative interest payout options. Interest rates range from 10.00% to 12.25%. The minimum application amount is ₹10,000 (10 NCDs), with additional investments in multiples of 1 NCD thereafter. The capital raised through this public issue will be utilized to support the rapid growth initiatives of ICL Fincorp, which boasts a 35-year operational legacy, and to further elevate its customer service capabilities.
Currently operating across 13 states—including Kerala, Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Maharashtra, Odisha, Gujarat, West Bengal, Goa, Delhi, Rajasthan, and Bihar—the company is rapidly expanding its nationwide footprint. ‘Salem Erode Investments’, an NBFC listed on the BSE, operates as a subsidiary of ICL Fincorp.
ICL Fincorp’s primary service portfolio includes gold loans, higher purchase loans, and business loans. Additionally, the group has diversified its business presence into sectors such as travel, fashion, and diagnostics. For further details, investors can visit the nearest ICL Fincorp branch, contact +91 85890 20137 or +91 85890 20186, or download the NCD application form from www.iclfincorp.com.the management added.
