ICL Fincorp Launches New NCD Issue with Effective Yield up to 12.25%; Subscription Opens Feb 5

Chennai: ICL Fincorp has announced the launch of its latest public issue of Secured Redeemable Non-Convertible Debentures (NCDs), which will open for subscription on February 5, 2026, and close on February 18, 2026. The issue offers an effective yield of up to 12.25%, providing investors with multiple tenure and interest payout options.

The NCDs carry a face value of ₹1,000 each and come with 10 investment options (ISINs), including tenures of 13, 24, 36, 60, and 72 months. Investors can choose between monthly, annual, or cumulative interest options, with interest rates ranging from 10.00% to 12.25%. The minimum application amount has been set at ₹10,000. The issue has been rated CRISIL BBB-/Stable.

According to the company, funds raised through the issue will be utilised to support growth initiatives and enhance service delivery across its expanding operations in India.

With over three decades of operations, ICL Fincorp currently has a presence across eleven states, including Kerala, Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Maharashtra, Odisha, Gujarat, West Bengal, Goa, and Delhi. Salem Erode Investments, a BSE-listed NBFC under the ICL Group, remains a key vertical strengthening its financial services portfolio.

The company offers a range of financial products such as gold loans, hire purchase loans, and business loans, while the broader ICL Group operates across multiple sectors including travel, fashion, diagnostics, and charitable initiatives.

ICL Fincorp operates under the leadership of CMD Adv. K.G. Anilkumar and Whole-time Director & CEO Mrs. Umadevi Anilkumar, and states that its operations remain aligned with Reserve Bank of India regulations.

Investors can obtain further details through ICL Fincorp branches or the company’s official website.