Description
ICL Fincorp Limited lists 10 series of secured redeemable non-convertible debentures with face value of Rs. 1,000 each and varying coupon rates from 10.50% to 12.00%.
Summary
ICL Fincorp Limited has listed 10 series of secured, redeemable, non-convertible debentures (NCDs) on BSE with a total of 885,604 securities. The debentures have a face value of Rs. 1,000 each and offer coupon rates ranging from 10.50% to 12.00% per annum with different payment frequencies and maturity periods.
Key Points
- Total 10 series of NCDs with 885,604 total securities
- Face value: Rs. 1,000 per NCD across all series
- Issue price: Rs. 1,000 per NCD (issued at par)
- Coupon rates: 10.50% to 12.00% per annum
- Payment frequencies: Monthly, Annual, and Cumulative
- Maturity periods: 1 to 6 years (2026 to 2031)
- Credit rating: CRISIL BBB-/Stable
- Market lot: One NCD
Regulatory Changes
No regulatory changes announced. This is a standard debt security listing notification.
Compliance Requirements
- NCDs are now available for trading on BSE
- Standard compliance requirements for debt securities apply
- Interest payments commence from October 1, 2025 for most series
Important Dates
- Allotment Date: August 20, 2025
- First Interest Payment: October 1, 2025 (for most series)
- Maturity Dates: Range from September 20, 2026 to June 20, 2031
- Redemption: At face value of Rs. 1,000 except for cumulative series
Impact Assessment
Limited market impact as this is a routine debt security listing. The NCDs provide investors with fixed income options across different maturity profiles and coupon structures. The BBB- credit rating indicates moderate credit quality. No significant impact on broader market operations expected.
Impact Justification
Standard debt security listing with no broader market implications