NCD News of ICL Fincorp NCD Nov 2023

ICL Fincorp Limited is coming up with Public Issue of Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) of the face value of ₹ 1000 each, for an amount of ₹100.00 Crores ('Base Issue Size') " with an option to retain oversubscription up to ₹100.00 Crores.

Incorporated in 1991, ICL Fincorp Limited is a non-banking financial company that provides loans by accepting household gold jewellery as collateral in the states of Kerala, Tamil Nadu, Andhra Pradesh, Karnataka, Telangana, Odisha, Gujarat, and Maharashtra. The Company specializes in providing Gold Loans to individuals, primarily from middle-class families.

Allotment of the NCD's will be done on First Come First Serve Basis.

ICL Fincorp NCD Nov 2023 is rated ACUITE BBB- with stable outlook by Acuité.

The issue opens on Nov 28, 2023 and closes for subscription on Dec 11, 2023. The shares of the company to be list at BSE.

The public issue of ICL Fincorp Limited opens on Nov 28, 2023 and closes for subscription on Dec 11, 2023.

The ICL Fincorp NCD Nov 2023 are proposed to list at BSE.

Allotment of the NCD's will be done on First Come First Serve Basis.