ICL FINCORP LIMITED NCD

Non-banking financial company(NBFC)| Rs. 10,000 Min Investment

Issue Opening Date
5-Feb-26
Issue Closing Date
18-Feb-26
Credit Ratings
“CRISIL BBB- / Stable”
Issue Size (Net)
up to Rs.100 crores
ICL FINCORP LIMITED NCD ClosedOpen
Non-banking financial company(NBFC)

Rs. 10,000

Min. investment

1. Company Information

ICL Fincorp Limited is a well-established non-banking financial company (NBFC) with over three decades of experience in providing customized financial solutions, primarily catering to retail and small business customers. Incorporated in 1991 and registered with the Reserve Bank of India as a non-deposit taking NBFC, the company has built a strong presence, especially in South India, with its corporate operations headquartered in Kerala. ICL Fincorp’s business model focuses on secured lending products such as gold loans, loan against property, and other retail-focused credit offerings, enabling it to manage credit risk prudently while maintaining stable asset

Company Strengths

1. Strong Secured Lending Model: ICL Fincorp Limited primarily focuses on secured lending products, especially gold loans, which significantly reduce credit risk and support stable asset quality. This model provides resilience during economic slowdowns and ensures better recovery prospects.

2. Established Market Presence: The company has a long operating history and a strong branch network, particularly across South India. Its deep understanding of regional markets helps in building customer trust and maintaining consistent business volumes.

3. Diversified Product Portfolio:In addition to gold loans, ICL Fincorp offers MSME loans, vehicle loans, loan against property, insurance, and investment products, which helps diversify income streams and reduce dependence on a single product.

4. Experienced Management and Governance:The company is backed by experienced promoters and a professional management team with sound expertise in financial services, risk control, and regulatory compliance.

5. Healthy Funding and Risk Management: ICL Fincorp maintains access to diversified funding sources and follows prudent risk management and asset-liability practices, supporting sustainable growth and financial stability.

2. Rating:

“CRISIL BBB- / Stable”

3.ICL FINCORP LIMITED  Registrar

www.vivro.net

  Vivro House 11, Shashi Colony,
Opposite Suvidha Shopping
  Center, Paldi, Ahmedabad – 380007,
91 7940404242/40/41
investors@vivro.net
www.vivro.net

ICL FINCORP LIMITED Details

Face Value Rs.1,000 per NCD
Issue Price Rs.1,000 per NCD (at par)
Mode of the issue Public Issue of Secured, Redeemable, Non-Convertible Debentures (NCDs)
Listing BSE Limited (BSE)
Rating CRISIL BBB- / Stable
Registrar Cameo Corporate Services Limited
Type of Issue Secured, Redeemable, Non-Convertible Debentures
Base Issue Size Rs.50 crore
Green Shoe Option Rs.50 crore
Issue Size Upto Rs.100 crore
Basis of Allotment First-come-first-served within each category

Specific Terms for Each Series of NCDs

Options I II III IV V VI VII VIII IX X
Frequency of Interest Payment Monthly Monthly Monthly Monthly Cumulative Cumulative Cumulative Annually Annually Cumulative
Minimum Application 10 NCDs (Rs.10,000) across all options of NCDs
In multiples thereafter 1 NCD (Rs.1,000) after the minimum application
Face Value / Issue Price of NCDs (Rs./NCD) Rs.1,000
Tenor 13 Months 24 Months 36 Months 60 Months 13 Months 24 Months 36 Months 24 Months 36 Months 72 Months
Coupon Rate (% per annum) for NCD Holders 10.00% 10.50% 11.00% 11.50% NA NA NA 10.75% 11.25% NA
Effective Yield (% per annum) for NCD Holders 10.47% 11.02% 11.57% 12.13% 10.50% 11.00% 11.50% 10.75% 11.25% 12.25%
Mode of Interest Payment Through various modes available
Amount on Maturity (Rs.) for NCD Holders Rs.1,000 Rs.1,000 Rs.1,000 Rs.1,000 Rs.1,114.23 Rs.1,232.10 Rs.1,386.20 Rs.1,000 Rs.1,000 Rs.2,000
Redemption Date (months from Date of Allotment) 13 Months 24 Months 36 Months 60 Months 13 Months 24 Months 36 Months 24 Months 36 Months 72 Months
Put and Call Option Not Applicable

ICL FINCORP LIMITED Company Financials

Particulars
FY 25
FY 24
Revenue from Operations
186.83
140.60
Interest Income
186.45
140.17
Finance Costs
70.61
57.16
Profit After Tax (PAT)
2.44
0.8
Gross Loan Assets (AUM)
644.79
484.29
Total Assets
852.9
637.95
Net Worth
120
85.11
Amount in Rs. Crore

Prospectus Document

Official Red Herring Prospectus (RHP)

For detailed company and issue information

Disclaimer: This report has been prepared by RR Equity Brokers Private Ltd. The information in this report is collected from various public sources. RR Equity Brokers is not responsible for any loss or damage that may result from using this information or from investment risks.

SEBI Registration No: NSE Cash: INB231219636 | SEBI Registration No: NSE Derivative: INF231219636 | SEBI Registration No: BSE Cash: INB011219632 | SEBI Registration No: MCX-SX: INE261219636 | SEBI Registration No: NSE Currency: INE231219636 | SEBI Registration No: USE: INE271219631 | SEBI Registration No: CDSL: IN-DP-CDSL-3242005 | NCDEX Membership No: 00635 | MCX Membership No: 28850 | NSEL Membership No: 10650 | RBI Registration No: NBFC: N-14.03215 | IRDA Registration Number : CB-066/03 | AMFI Registration No : ARN -0032| SEBI Registration No: Merchant Banker: INM000007508

* Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.