Description
ICL Fincorp Limited lists 10 series of secured redeemable non-convertible debentures with varying coupon rates from 10.50% to 12.00% and maturity periods from 1-6 years.
Summary
ICL Fincorp Limited has listed 10 series of secured redeemable non-convertible debentures (NCDs) on BSE. The debentures have face values of Rs. 1,000 each with varying coupon rates ranging from 10.50% to 12.00% per annum. The securities were allotted on August 20, 2025, with maturity periods ranging from 1 to 6 years.
Key Points
- Total of 10 series of NCDs listed with different scrip codes (940601 to 940619)
- Face value: Rs. 1,000 per NCD across all series
- Issue price: Rs. 1,000 per NCD for all series
- Coupon rates: 10.50% to 12.00% per annum
- Interest payment frequency: Monthly, annually, or cumulative
- Credit rating: CRISIL BBB-/Stable
- Market lot: One NCD
- Total securities: 885,604 NCDs across all series
Regulatory Changes
No regulatory changes introduced. This is a standard debt securities listing notification.
Compliance Requirements
- Securities are secured and redeemable
- All NCDs carry CRISIL BBB-/Stable credit rating
- Minimum trading lot is one NCD
- Interest payments commence from October 1, 2025, or as specified for each 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 amounts vary from Rs. 1,000 to Rs. 2,000 per NCD depending on series
Impact Assessment
Limited market impact as this is a routine debt securities listing by a non-banking financial company. The listing provides investors with additional fixed-income investment options with varying risk-return profiles based on tenure and coupon rates. The CRISIL BBB-/Stable rating indicates moderate credit quality.
Impact Justification
Routine listing of debt securities by NBFC with no broader market impact