ICL Fincorp has announced the public issue of 10 lakh Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs 1000 each for an amount aggregating up to Rs 100 crore.
The base size issue is Rs 50 crore, with an option to retain over-subscription up to an additional Rs 50 crore (Green Shoe Option) aggregating up to Rs 100 crore.
The issue is scheduled to open on 25 April 2025 and close on 9 May 2025, with an option of early closure or extension.
There are 10 series of NCDs carrying fixed coupons and having a tenure of 13 months, 24 months, 36 months, 60 months and 68 months with monthly and annual interest payment options.
An effective yield (per annum) for the NCD holders in all categories of investors ranges from 11.5% to 13.24%.
The NCDs issue has been rated CRISIL BBB-/Stable by CRISIL.
The minimum application size for each application for NCDs would be Rs 10,000 across all series collectively and in multiples of Rs 1000 thereafter with allotment on first come first serve basis.
NCDs are proposed to be listed on BSE.