𝘐𝘊𝘓 𝘍𝘪𝘯𝘤𝘰𝘳𝘱'𝘴 𝘕𝘦𝘸 𝘕𝘊𝘋 𝘐𝘴𝘴𝘶𝘦 𝘖𝘱𝘦𝘯𝘴 𝘰𝘯 31𝘴𝘵 𝘑𝘶𝘭𝘺 2025, 𝘖𝘧𝘧𝘦𝘳𝘪𝘯𝘨 𝘌𝘧𝘧𝘦𝘤𝘵𝘪𝘷𝘦 𝘠𝘪𝘦𝘭𝘥 𝘶𝘱 𝘵𝘰 12.62%
Chennai, August 1, 2025: ICL Fincorp today announced the launch of its latest public issue of Secured Redeemable Non-Convertible Debentures (NCDs), opening on 31st July 2025. With an effective yield of up to 12.62%, this offering presents an attractive and secure investment opportunity for those seeking flexible tenures. The Company’s previous NCD issues were oversubscribed.
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| (L to R) T V Visakh, Company Secretary; Adv. K.G. Anilkumar, CMD; Madhavankutty, CFO; Venkat Ramu, Director |
The NCD issue will remain open until 13th August 2025 and is rated CRISIL BBB-/STABLE. Each NCD carries a face value of ₹1,000, and the issue offers 10 schemes with ten options (10 ISINs), with interest rates ranging from 10.50% to 12.00%. The minimum application amount is 10,000, making it accessible to a broad spectrum of investors.
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Proceeds from this issue will be strategically deployed to support ICL Fincorp's growth initiatives and further enhance the quality of services offered to our customers and stakeholders across India. This step reaffirms our commitment to delivering reliable, innovative and customer-centric financial solutions.
With a legacy of 34 years, ICL Fincorp continues to serve as a trusted financial partner under the visionary leadership of CMD, Adv. K.G. Anilkumar. Our growing presence spans 9 states Kerala, Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Maharashtra, Odisha, Gujarat, and West Bengal - as we move steadily towards establishing a pan-India footprint. The acquisition of Salem Erode Investments, a BSE-listed NBFC with a 93-year history in Tamil Nadu, has further reinforced our position in the financial sector.
ICL Fincorp offers a comprehensive portfolio of services, including Gold Loans, Hire Purchase Loans and Business Loans. The ICL Group has also diversified into sectors such as travel, fashion, diagnostics and charitable initiatives. Under the joint leadership of CMD Adv. K.G. Anil Kumar and Mrs. Uma Anilkumar, Whole-time Director & CEO, ICL Fincorp, continues to operate in compliance with the Reserve Bank of India's standards, while earning the enduring trust of customers.
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