ICL Fincorp’s NCD issue opens on November 11, 2024; unlock high returns with one of India’s fastest growing NBFCs

With a rating of Crisil BBB- STABLE, this NCD offering gives investors an excellent opportunity to secure high returns, with effective yields of up to 13.73 per cent. The issue will remain open until November 25, 2024, the issue shall be closed on an earlier date if fully subscribed.

The NCDs come with a face value of Rs 1,000 each and offer four different schemes, providing 10 investment options (ISINs). Investors can participate with a minimum application size of Rs 10,000, ensuring options for a wide range of investors. The interest rates for this offering range between 11.00 per cent to 13.01 per cent, catering to various financial goals. Investors can download the issue prospectus from www.iclfincorp.com to review all 10 options and understand the issue structure. The application form can be downloaded from the same website. For more enquiries, investors can also opt to visit their nearest ICL Fincorp branch or call at 1800 31 333 53, +91 85890 01187, +91 85890 20137, and +9 85890 20186.

Funds raised through this issue will be strategically utilised to fuel ICL Fincorp’s gold loan sector with continued growth and expansion, enabling the company to offer enhanced financial services to its customers.

Founded over 32 years ago, ICL Fincorp has become a trusted partner in the financial sector, with branches across Kerala, Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Odisha, Maharashtra, and Gujarat. Its acquisition of Salem Erode Investments, a BSE-listed NBFC with over 92 years of service in Tamil Nadu, further strengthens ICL’s market position.

ICL Fincorp provides a wide array of financial services, including Gold Loans, Hire Purchase Loans, Investment Options, Money Transfer, Foreign Exchange, BusinessLoans, Home and Health Insurance, and Life Insurance.

Under the leadership of Adv. K.G. Anil Kumar (CMD) and Mrs. Uma Anilkumar (Vice chairman, Whole-time Director & CEO), ICL Fincorp has  adhered to the highest standards set by the Reserve Bank of India and earned the trust of customers across India and the Middle East.

With a legacy of trust, over three decades of financial expertise, and a commitment to unmatched service, ICL Fincorp invites investors to join them in a secure path towards financial prosperity. This NCD issue reflects ICL’s continued commitment to growth, innovation, and delivering safe, rewarding investment opportunities.

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