ICL Fincorp, is delighted to announce the forthcoming public issue of Secured Redeemable Non-Convertible Debentures (NCDs) on 05th April 2024. ICL Fincorp has been rated Acuite BBB- STABLE. The NCDs will be available for subscription till 23rd April 2024.
This initiative presents investors with an opportunity for safe investment, promising high returns, and flexible tenure options. With a face value of Rs. 1000 each, the issue encompasses four schemes offering a total of 10 options (10 ISINs). The minimum application size is set at Rs. 10,000, allowing investors of varying capacities to participate in this venture. Interest rates range from 11.00% to 13.01%, ensuring a diversified offering to meet the financial goals of different investors.
The NCD issue has tenure options of 13 months, 24 months, 36 months, 60 months and 68 months. Investors can opt to receive the payouts on a monthly, yearly or cumulative basis. The interest rates vary according to the option preferred by the investor. The 68 month tenure offers an effective yield of 13.73% and the investor stands to get his investment doubled.
The highest interest rates under each tenure are 12.50 % for 60 months, 12.00% for 36 months, 11.50 % for 24 months and 11.00% for 13 months. Investors can download the issue prospectus from http://www.iclfincorp.com to review all 10 options and understand the issue structure. The application form can be downloaded from the same website. For more enquiries investors can also opt to visit their nearest ICL Fincorp branch or call at 1800 31 333 53, +91 85890 01187, +91 85890 20137 and +9 85890 20186.
The funds accumulated through this NCD issue will be strategically deployed to fortify ICL Fincorp’s Gold Loan business. This commitment reflects the company’s dedication to working more effectively for its trusted customers and stakeholders, delivering enhanced financial services and solutions. The NCD issue opens on 05th April 2024, and investors are encouraged to explore the possibilities of safe investment and attractive returns.
ICL Fincorp, under the visionary leadership of CMD Adv. K.G. Anil Kumar, proudly celebrates a legacy of about 32 years as the trusted financial partner to its customers. With branches across the states of Kerala, Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Odisha, Maharashtra and Gujarat, ICL Fincorp is well on its way to establish a pan-India presence. The acquisition of Salem Erode Investments, a BSE Listed NBFC with over 92 years of service in Tamil Nadu, further enhanced ICL Fincorp’s s standing in the financial sector.
ICL Fincorp is committed to delivering comprehensive financial solutions, including Gold Loan, Hire Purchase Loan, Investment Options and Business Loans. The ICL Group has diversified ventures that extend into travel and tourism, fashion, health diagnostics, and charitable trust initiatives.
Under the astute leadership of CMD Adv. K.G Anil Kumar and governance by Mrs. Uma Anilkumar, Whole-time Director & CEO, ICL Fincorp has not only adhered to the standards set by the Reserve Bank of India but has also earned the trust and loyalty of customers across India.
With a legacy of trust, over three decades of financial expertise, and a commitment to unparalleled service, ICL Fincorp invites investors to embark on a secure journey towards financial prosperity. This NCD issue symbolizes not only the company’s dedication to innovation and growth but also its unwavering pledge to provide the safest and most rewarding investment opportunities.
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