Upholding its 35-year legacy of financial reliability, ICL Fincorp is set to launch its latest public issue of Secured Redeemable Non-Convertible Debentures (NCDs) from August 10 to August 21, 2026. Rated CRISIL BBB-/STABLE, the NCDs offer an effective yield of up to 12.25%, with interest rates ranging from 10.00% to 12.25%. Each NCD has a face value of ₹1,000, with a minimum application size of ₹10,000 (10 NCDs) and multiples of one NCD thereafter.
The issue comprises 10 schemes across 10 ISINs, offering flexible tenures of 13, 24, 36, 60 and 72 months, with monthly, annual and cumulative payout options. The proceeds will be strategically utilised to support ICL Fincorp’s growth initiatives and enhance its services across the country. The company expressed appreciation for the continued trust of its investors, which remains central to its commitment to providing stable and customer-centric financial solutions.
With Adv. K.G. Anilkumar, Chairman & Managing Director, at the helm, ICL Fincorp has established a presence across 13 states – Kerala, Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Maharashtra, Odisha, Gujarat, West Bengal, Goa, Delhi, Rajasthan and Bihar – and is rapidly expanding towards a pan-India presence. Its subsidiary, Salem Erode Investments, a BSE-listed NBFC, further strengthens the Group, which offers Gold Loans, Hire Purchase Loans and Business Loans, along with businesses in travel, fashion and diagnostics. Interested investors can visit their nearest ICL Fincorp branch for more details.