NCD News of ICL Fincorp Limited NCD April 2024

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 ₹75.00 Crores ('Base Issue Size') " with an option to retain oversubscription up to ₹[.] 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 Limited NCD April 2024 is rated ACUITE BBB- by Acuite Ratings and Research Limited.

The issue opens on Apr 5, 2024 and closes for subscription on Apr 12, 2024. The shares of the company to be list at BSE.

The public issue of ICL Fincorp Limited opens on Apr 5, 2024 and closes for subscription on Apr 12, 2024.

The ICL Fincorp Limited NCD April 2024 are proposed to list at BSE.

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