Description

ICL Fincorp Limited has listed three new debt securities on private placement basis on BSE Debt segment with effect from October 10, 2025.

Summary

ICL Fincorp Limited has listed three new debt securities on the BSE Debt segment on October 10, 2025, following a private placement. The securities include NCDs with varying tenures (3-6 years), interest rates (11.5%-12.6% p.a.), and CRISIL BBB-/Stable credit ratings. Total quantity issued is 349 debentures with face value of Rs. 1,00,000 each. All securities will trade in dematerialized form only with a tick size of 1 paise.

Key Points

  • Three new debt securities of ICL Fincorp Limited listed on BSE Debt segment effective October 10, 2025
  • Date of allotment: October 8, 2025
  • Total quantity: 349 debentures (175 + 145 + 29) with face value Rs. 1,00,000 each
  • Credit rating: CRISIL BBB-/Stable for all three securities
  • Interest rates: 11.5%, 12.25%, and 12.6% per annum
  • Market lot size: 1 for all securities
  • Trading permitted only in dematerialized form
  • Tick size: 1 paise

Security Details

Security 1:

  • Scrip Code: 977197
  • Scrip ID: 1150IFL28A
  • ISIN: INE01CYA7112
  • Interest Rate: 11.5% p.a. (monthly payment from Dec 1, 2025 to Oct 7, 2028)
  • Redemption Date: October 8, 2028
  • Quantity: 175
  • Put Option: As per KID

Security 2:

  • Scrip Code: 977198
  • Scrip ID: 1225IFL29
  • ISIN: INE01CYA7120
  • Interest Rate: 12.25% p.a.
  • Redemption Date: October 8, 2029
  • Quantity: 145
  • Put Option: As per KID

Security 3:

  • Scrip Code: 977199
  • Scrip ID: 1262IFL31
  • ISIN: INE01CYA7104
  • Interest Rate: 12.6% p.a.
  • Payment of Interest: NA
  • Redemption Date: August 8, 2031
  • Quantity: 29
  • Put/Call Option: NA

Regulatory Changes

No regulatory changes announced. This is a standard listing notification.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under the specified ISIN numbers
  • Trading members should refer to the Placement Memorandum available at: https://www.bseindia.com/markets/debt/memorandum_data.aspx
  • For clarifications, trading members may contact BSE debt department on 22728352/8597/8995/5753/8915

Important Dates

  • Date of Allotment: October 8, 2025
  • Listing Date: October 10, 2025
  • Interest Payment Start (Security 1): December 1, 2025
  • Redemption Dates:
    • Security 1: October 8, 2028
    • Security 2: October 8, 2029
    • Security 3: August 8, 2031

Impact Assessment

This is a routine listing announcement with minimal market impact. The listing of ICL Fincorp’s debt securities on private placement basis affects only investors who participated in the private placement and trading members dealing in debt securities. The CRISIL BBB-/Stable rating indicates investment grade quality with adequate safety, though with moderate credit risk. The relatively high interest rates (11.5%-12.6%) reflect the company’s credit profile and prevailing market conditions for non-banking finance companies.

Impact Justification

Routine listing announcement for private placement debt securities of a non-banking finance company with limited market-wide impact