ICL FINCORP's Massive NCD Offer: Secure Your Future with UP TO 12.62% Interest!

Reviewed By

Akshat Lakshkar | Whalesbook News Team

Detailed Coverage:

ICL Fincorp has announced the opening of its public issue for Secured Redeemable Non-Convertible Debentures (NCDs) on November 17, 2025. The issue will close on November 28, 2025. Investors can choose from ten different options with tenures of 13, 24, 36, 60, and 70 months. These NCDs offer various interest payment frequencies including monthly, annual, and cumulative options, with annual interest rates ranging from a minimum of 10.50% to a maximum of 12.62%.

The minimum application amount is set at ₹10,000, making it accessible to a wide range of investors. The NCDs have been assigned a credit rating of CRISIL BBB- /STABLE, indicating a stable outlook and adequate safety for investors' capital.

Impact: This NCD issue provides ICL Fincorp with a crucial avenue to raise funds for its expansion plans and to improve its service offerings across its extensive network. For investors, it presents an opportunity to earn competitive fixed income with a relatively stable risk profile, especially those seeking returns higher than traditional fixed deposits. The direct impact on the broader Indian stock market would be minimal, but it is significant for the fixed-income investment segment and for ICL Fincorp's own capital structure. Rating: 5/10.

Difficult Terms Explained: Non-Convertible Debentures (NCDs): These are debt instruments issued by companies to raise funds. Unlike convertible debentures, NCDs cannot be converted into shares of the issuing company and must be repaid with interest. CRISIL BBB- /STABLE: This is a credit rating assigned by CRISIL, a rating agency. 'BBB-' indicates a moderate degree of safety regarding timely payment of interest and principal. 'STABLE' signifies that the rating is unlikely to change significantly in the near future. Cumulative Interest Option: In this option, the interest earned is reinvested into the principal amount, and subsequent interest is calculated on the accumulated amount, leading to higher overall returns over time.