Description

BSE announces listing of 10 series of secured redeemable non-convertible debentures issued by ICL Fincorp Limited with face value of Rs. 1,000 each, totaling 970,767 NCDs across various coupon rates and maturity dates.

Summary

BSE has listed 10 series of secured redeemable non-convertible debentures (NCDs) issued by ICL Fincorp Limited. The NCDs were allotted on December 2, 2025, with a face value of Rs. 1,000 each and issue price of Rs. 1,000 per NCD. The total issuance comprises 970,767 NCDs across different series with varying coupon rates (10.50% to 12.00% for interest-bearing NCDs), interest payment frequencies (monthly, annually, cumulative), and maturity dates ranging from January 2027 to October 2031. All NCDs carry a CRISIL BBB-/Stable credit rating.

Key Points

  • Total Securities Listed: 970,767 NCDs across 10 series
  • Face Value: Rs. 1,000 per NCD
  • Issue Price: Rs. 1,000 per NCD
  • Date of Allotment: December 2, 2025
  • Nature: Secured, Redeemable, Non-Convertible Debentures
  • Credit Rating: CRISIL BBB-/Stable
  • Market Lot: One NCD
  • Put/Call Option: Not Applicable
  • Interest Payment Frequencies: Monthly, Annually, and Cumulative options available

Series Details

Series I - Monthly Interest (Scrip Code: 940759)

  • ISIN: INE01CYA7229
  • Scrip ID: 1050ICLF27
  • Quantity: 173,800 NCDs
  • Coupon Rate: 10.50% per annum
  • Effective Yield: 11.02% per annum
  • Maturity Date: January 2, 2027
  • First Interest Payment: January 1, 2026
  • Redemption Amount: Rs. 1,000

Series II - Monthly Interest (Scrip Code: 940761)

  • ISIN: INE01CYA7203
  • Scrip ID: 11ICLFL27
  • Quantity: 73,311 NCDs
  • Coupon Rate: 11.00% per annum
  • Effective Yield: 11.57% per annum
  • Maturity Date: December 2, 2027
  • First Interest Payment: January 1, 2026
  • Redemption Amount: Rs. 1,000

Series III - Monthly Interest (Scrip Code: 940763)

  • ISIN: INE01CYA7195
  • Scrip ID: 1150ICLF28
  • Quantity: 138,529 NCDs
  • Coupon Rate: 11.50% per annum
  • Effective Yield: 12.13% per annum
  • Maturity Date: December 2, 2028
  • First Interest Payment: January 1, 2026
  • Redemption Amount: Rs. 1,000

Series IV - Monthly Interest (Scrip Code: 940765)

  • ISIN: INE01CYA7161
  • Scrip ID: 12ICLFL30
  • Quantity: 201,539 NCDs
  • Coupon Rate: 12.00% per annum
  • Effective Yield: 12.68% per annum
  • Maturity Date: December 2, 2030
  • First Interest Payment: January 1, 2026
  • Redemption Amount: Rs. 1,000

Series V - Cumulative (Scrip Code: 940767)

  • ISIN: INE01CYA7146
  • Scrip ID: ICLF021225
  • Quantity: 144,340 NCDs
  • Effective Yield: 11.00% per annum
  • Maturity Date: January 2, 2027
  • Redemption Amount: Rs. 1,119.70

Series VI - Cumulative (Scrip Code: 940769)

  • ISIN: INE01CYA7211
  • Scrip ID: ICLFL21225
  • Quantity: 42,580 NCDs
  • Effective Yield: 11.50% per annum
  • Maturity Date: December 2, 2027
  • Redemption Amount: Rs. 1,243.23

Series VII - Cumulative (Scrip Code: 940771)

  • ISIN: INE01CYA7187
  • Scrip ID: ICLF21225
  • Quantity: 50,318 NCDs
  • Effective Yield: 12.00% per annum
  • Maturity Date: December 2, 2028
  • Redemption Amount: Rs. 1,404.93

Series VIII - Annual Interest (Scrip Code: 940773)

  • ISIN: INE01CYA7153
  • Scrip ID: 1125ICLF27
  • Quantity: 8,169 NCDs
  • Coupon Rate: 11.25% per annum
  • Effective Yield: 11.25% per annum
  • Maturity Date: December 2, 2027
  • First Interest Payment: December 2, 2026
  • Redemption Amount: Rs. 1,000

Series IX - Annual Interest (Scrip Code: 940775)

  • ISIN: INE01CYA7179
  • Scrip ID: 1175ICLF28
  • Quantity: 15,542 NCDs
  • Coupon Rate: 11.75% per annum
  • Effective Yield: 11.75% per annum
  • Maturity Date: December 2, 2028
  • First Interest Payment: December 2, 2026
  • Redemption Amount: Rs. 1,000

Series X - Cumulative (Scrip Code: 940777)

  • ISIN: INE01CYA7138
  • Scrip ID: ICL021225
  • Quantity: 122,639 NCDs
  • Effective Yield: 12.62% per annum
  • Maturity Date: October 2, 2031
  • Redemption Amount: Rs. 2,000

Regulatory Changes

No regulatory changes are introduced by this circular. This is a standard listing notification.

Compliance Requirements

  • ICL Fincorp Limited must comply with all applicable listing regulations and disclosure requirements for debt securities on BSE
  • The company must ensure timely payment of interest and redemption amounts as per the terms of each NCD series
  • Investors trading in these NCDs must adhere to BSE trading regulations

Important Dates

  • Allotment Date: December 2, 2025
  • First Interest Payment (Monthly/Cumulative Series I-IV): January 1, 2026
  • First Interest Payment (Annual Series VIII-IX): December 2, 2026
  • Maturity Dates: Range from January 2, 2027 to October 2, 2031 depending on series

Impact Assessment

This listing provides debt market investors with multiple investment options in ICL Fincorp Limited’s secured NCDs across different maturity periods and interest payment structures. The CRISIL BBB-/Stable rating indicates moderate credit quality with adequate safety for timely servicing of financial obligations. The effective yields ranging from 11.00% to 12.68% reflect the risk-return profile of these investment-grade debt securities. The variety of interest payment frequencies (monthly, annual, cumulative) allows investors to choose based on their cash flow preferences. This listing enhances liquidity for NCD holders through exchange-based trading on BSE.

Impact Justification

Routine NCD listing notification for debt securities of ICL Fincorp Limited. Primarily relevant to debt investors and the issuing company, with limited broader market impact.