ICL Fincorp has announced the upcoming launch of its new public issue of Secured Redeemable Non-Convertible Debentures (NCDs), set to open on November 17. Each NCD has a face value of ₹1,000, and the offering will feature ten different options with tenures of 13, 24, 36, 60, and 70 months. Investors can choose between monthly, annual, and cumulative interest payment options, with interest rates ranging from 10.50% to 12.62%.
The NCD issue will be open until November 28 and has been rated Crisil BBB-/STABLE. The minimum application amount is set at ₹10,000, making it an attractive investment option for a broad range of investors, according to a press release.
The funds generated from this issue are intended to support ICL Fincorp’s growth strategies and to enhance the level of service provided to customers and stakeholders throughout India.
ICL Fincorp has been expanding its reach across ten states, including Kerala, Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Maharashtra, Odisha, Gujarat, West Bengal, and Goa. The firm offers a diverse portfolio of financial services, such as gold loans, hire purchase loans, and business loans, and has also diversified into sectors including travel, fashion, diagnostics, and charitable activities.
Published on November 13, 2025.
