ICL Fincorp’s new secured NCD issue opens today, offering returns up to 12.25% with flexible tenures and interest options, aiming to support nationwide expansion and service enhancement.
Chennai: ICL Fincorp has announced the launch of its latest secured, redeemable Non-Convertible Debentures (NCDs), opening for public subscription from today, according to the company’s CMD, Adv. K.G. Anilkumar, who addressed the media.
The NCD issue offers attractive returns of up to 12.25%, making it a secure and flexible investment option for investors seeking stable income. The issue will remain open until February 18 and has received a CRISIL BBB- / Stable rating, indicating moderate credit risk with stable outlook.
Each NCD has a face value of ₹1,000, with tenures of 13, 24, 36, 60, and 72 months. Investors can choose from monthly, annual, or cumulative interest options, with interest rates ranging from 10.00% to 12.25%. The minimum investment amount is ₹10,000, making the issue accessible to a wide range of investors.
The funds raised through this issue will be strategically utilized to support ICL Fincorp’s growth initiatives, strengthen service quality, and enhance offerings to customers and shareholders across India.
ICL Fincorp has expanded its presence across 11 states, including Kerala, Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Maharashtra, Odisha, Gujarat, West Bengal, Goa, and Delhi, and is rapidly progressing toward establishing a pan-India footprint.
The company offers a diversified financial services portfolio, including gold loans, hire purchase loans, and business loans. In addition, the ICL Group has expanded into sectors such as travel, fashion, diagnostics, and charitable initiatives, further strengthening its multi-sector presence.
