ICL Fincorp LIMITED NCD

ICL Fincorp Limited NCD

Issue Size (Net)

up to Rs. 100 Cr

Credit Ratings

“BBB-/Stable” by CRISIL Ratings

Issue Opening Date

July 31, 2025

Issue Closing Date

August 13, 2025

ROI Chart Term Sheet Company Highlights Financials Highlights Prospectus

Specific Terms for Each Series of NCDs
Series	I	II	III	IV	V	VI	VII	VIII	IX	X
Frequency of Interest Payment	Monthly	Monthly	Monthly	Monthly	Cumulative	Cumulative	Cumulative	Annually	Annually	Cumulative
Tenor	13 Months	24 Months	36 Months	60 Months	13 Months	24 Months	36 Months	24 Months	36 Months	70 Months
Coupon (% per annum) for NCD Holders in all Categories	10.50%	11.00%	11.50%	12.00%	NA	NA	NA	11.25%	11.75%	NA
Effective Yield (% per annum) for NCD Holders in Categories all	11.02%	11.57%	12.13%	12.68%	11.00%	11.50%	12.00%	11.25%	11.75%	12.62%
Redemption Amount (₹ / NCD) on Maturity for NCD Holders in all Categories	Rs.1000	Rs.1000	Rs.1000	Rs.1000	Rs.1119.70	Rs.1243.23	Rs.1404.93	Rs.1000	Rs.1000	Rs.2000
Put and Call Option	NA

1.Company Information

ICL Fincorp Ltd. (IFL) was originally incorporated as Jawahar Finance Ltd., changed to Irinjalakuda Credits and Leasing Co. Ltd. and finally rechristened to the current name, is a non-deposit taking and a systemically important non-banking finance company (“NBFC”) in the gold loan sector lending money against the pledge of household gold jewellery (“Gold Loans”) in the states of Kerala, Tamil Nadu, Andhra Pradesh, Karnataka, Telangana, Odisha, Gujarat and Maharashtra. It also provides loans against property, business loans and personal loans. It acquired Salem Erode Investments Ltd. in 2020. As of March 31, 2025, it had a network of 293 branches, out of which majority of the branches are located in the southern states of India i.e., Andhra Pradesh, Karnataka, Kerala, Tamil Nadu, Telangana, Odisha and in the western states of India i.e., Gujarat and Maharashtra.

2. Rating:

BBB-/Stable (pronounced as CRISIL triple B minus rating with Stable outlook) by CRISIL Ratings Limited vide their rating letter dated July 08, 2025

3.ICL Fincorp Limited NCD 2025 Registrar

Cameo Corporate Services Limited

Cameo Corporate Services Ltd.,

Subramanian Building # 1, Club House Road,

Chennai 600 002 - India

Phone:+91-44-28460390

Email:ipo@cameoindia.com

Website: https://ipo.cameoindia.com/

ICL Fincorp LIMITED (Restated Consolidated)

Particulars	Equity	Financial Liabilities	Property, Plant and Equipment	Financial Assets	Non-Financial Liabilities	Non-financial Assets excluding property, plant and equipment	Loans (Principal Amount)	% Stage 3 Loans on Loans	% Net Stage 3 Loans on Loans	Tier I Capital Adequacy Ratio (%)	Tier II Capital Adequacy Ratio (%)
FY 2024-25	11,88,398.31	70,74,875.3	83,697.60	3,84,847.99	76,83,300.37	2,78,822.85	64,37,920.63	1.03%	0.89%	12.89%	6.45%
FY 2023-24	9,11,077.84	51,98,126.48	57,265.09	3,80,808.97	54,30,764.70	3,54,895.75	46,94,929.62	1.51%	1.33%	12.19%	2.81%
FY 2022-23	8,36,344.81	43,62,390.65	62,288.44	3,20,015.67	46,64,902.42	39,42,898.06	3.84%	3.52%	12.92%	3.83%
Amount in Rs. Crore

Issuer	ICL Fincorp Limited
Instrument	Secured Redeemable Non-Convertible Debentures (NCDs)
Issue Opens on	THURSDAY, JULY 31, 2025
Issue Closes on	WEDNESDAY, AUGUST 13, 2025
Issue Size	Rs. 50 Crore with an option to retain oversubscription up to Rs.50 Crore aggregating upto to Rs.100 Crore
Issue Price / Face Value	Rs.1,000/- per NCD
Minimum Application	Rs.10,000/- (10 NCD) and in multiples of Rs.1,000/- (1 NCD) thereafter.
Credit Rating	BBB-/Stable (pronounced as CRISIL triple B minus rating with Stable outlook) by CRISIL Ratings. Limited vide their rating letter dated July 08, 2025
Registrar	Cameo Corporate Services Limited
Listing	The NCDs are proposed to be listed on BSE
Category	I - Institutional	II - Non-Institutional	III - Retail
Category Allocation	10%	40%	50%
Put/Call Option	NA
Mode of Allotment	Compulsorily in dematerialized form.
Allotment	First Come First Serve Basis
Depositories	NSDL and CDSL

Specific Terms for Each Series of NCDs
Series	I	II	III	IV	V	VI	VII	VIII	IX	X
Frequency of Interest Payment	Monthly	Monthly	Monthly	Monthly	Cumulative	Cumulative	Cumulative	Annually	Annually	Cumulative
Tenor	13 Months	24 Months	36 Months	60 Months	13 Months	24 Months	36 Months	24 Months	36 Months	70 Months
Coupon (% per annum) for NCD Holders in all Categories	10.50%	11.00%	11.50%	12.00%	NA	NA	NA	11.25%	11.75%	NA
Effective Yield (% per annum) for NCD Holders in Categories all	11.02%	11.57%	12.13%	12.68%	11.00%	11.50%	12.00%	11.25%	11.75%	12.62%
Redemption Amount (₹ / NCD) on Maturity for NCD Holders in all Categories	Rs.1000	Rs.1000	Rs.1000	Rs.1000	Rs.1119.70	Rs.1243.23	Rs.1404.93	Rs.1000	Rs.1000	Rs.2000
Put and Call Option	NA

Prospectus File

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