ICL FinCorp Limited presents the latest protected, redemptive, non-boring bonds (NCDs) issues in April 2025. This issue begins on April 25th, 2025 and ends on May 9th, 2025. These corporate bonds are listed on BSE and rated as “Crisil BBB-/Stable” and show moderate credit risk. Let’s take a closer look at this NCD issue and assess whether investors should consider it.
About ICL FinCorp Limited
ICL Fincorp Limited is a non-depositor non-banking finance company (NBFC) operating primarily in the Gold Loan segment. Founded in 1991, the company expanded its services to provide loans for property, business and personal loans.
As of March 31, 2025, ICL Fincorp operates 293 branches in southern and western India, including Kerala, Tamil Nadu, Andhra Pradesh, Karnataka, Telangana, Odisha, Gujarat and Maharashtra. The company’s main focus is to provide customer-friendly and prompt gold loan services to middle-income earners.
The company reported impressive growth in its assets managed (AUM), which was 571.95 crores as of December 31, 2024. The Gold Loan AUM was 565.96 crore at the same time.
Details of ICL FinCorp NCD April 2025 issue
- Start of publication: April 25, 2025
- The question ends: May 9, 2025
- type: Protected, redemptive, non-convertible corporate bonds (NCDs)
- Face value: 1000 pounds per NCD
- Issued price: 1000 pounds per NCD
- Minimum investment: £10,000 (10 ncds)
- list: BSE
- Credit Rating: Crisil BBB-/Stable
- Assignment Base: The first serve comes
- Issued size: Basic issue £50 crore + oversubscription £50 crore = total £100 crore
ICL FinCorp NCD April 2025 Interest Rates
| series | Tenure period |
Frequency of interest |
Coupon (PA) | Effective Yield (PA) | Maturity (£). |
|---|---|---|---|---|---|
| I | 13 months | monthly | 11.00% | 11.57% | 1,000 |
| ii | 24 months | monthly | 11.50% | 12.13% | 1,000 |
| iii | 36 months | monthly | 12.00% | 12.68% | 1,000 |
| IV | 60 months | monthly | 12.50% | 13.24% | 1,000 |
| v | 13 months | Cumulative | Na | 11.50% | 1,125.16 |
| vi | 24 months | Cumulative | Na | 12.00% | 1,254.40 |
| vii | 36 months | Cumulative | Na | 12.50% | 1,423.83 |
| viii | 24 months | Year | 11.75% | 11.75% | 1,000 |
| ix | 36 months | Year | 12.25% | 12.25% | 1,000 |
| x | 68 months | Cumulative | Na | 13.01% | 2,000 |
Credit rating
Crisil Ratings assigns “Crisil BBB-/Stable” to this NCD problem. This rating shows the timely service of financial obligations and moderate security in terms of moderate credit risk.
Why invest in ICL FinCorp NCD in April 2025?
- Attractive interest rates:NCD offers a yield of up to 13.24%, higher than most bond options.
- Protected NCDCorporate bonds are secured. In other words, it is supported by the company’s assets.
- Monthly, annual, and cumulative options: Multiple payout options to meet the needs of diverse investors.
- Company expansion network: The presence of strong branches across India adds operational stability.
- The first serve comes: Assignments are quick and benefit early applicants.
Why not invest?
- Low credit rating:BBB-assessment indicates moderate risk.
- Concentration of money loans: Heavily dependent on the gold loan business.
- Region-specific exposure: Most businesses are located in southern and western India.
- Risks in the NBFC sector: Prone to regulatory and liquidity issues.
- Liquidity of a limited list: Trading volume may be low on BSE.
How do I apply for an ICL FinCorp NCD in April 2025?
You can apply through the ASBA process or through your Demat account, either through a stockbroker or online trading platform. NCD is available in DEMAT mode only and is listed on BSE.
Should I invest?
ICL FinCorp NCD offers high returns and flexibility in payout mode. However, investors should be aware of medium credit ratings and sector-specific risks. Conservative investors or low-risk preferences may consider avoiding it. For those seeking moderately risky returns and able to handle liquidity restrictions, this NCD could be an additional addition to a diverse portfolio.
FAQ
- What are the opening and closing dates for ICL FinCorp NCD in April 2025?
This issue begins on April 25th, 2025 and ends on May 9th, 2025. - What is the credit rating for ICL FinCorp NCD?
Crisil BBB-/Stable. - What is the minimum investment amount?
The minimum investment is £10,000 (10 NCD). - Are these NCDs secured?
Yes, these are protected NCDs backed by the company’s assets. - How often is the interest?
Monthly, annual and cumulative options are available. - Is early exit possible?
NCDs are listed on BSE, but liquidity may be limited. - Who should consider investing?
Investors with moderate risk appetite are looking for a higher fixed return.
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