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The rating agency for this Bond is CRISIL.
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ICL Fincorp Aug '27
₹9,974.64YTM
13.50%Tenure left
12 monthsInterest payout
MonthlyPrincipal payout
MaturityBond details
Minimum investment₹9,974.64
Date of maturity09 Aug 2027
ISININE01CYA7435
Bond typeSenior Secured
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About
ICL Fincorp Limited is a Thrissur, Kerala-based non-banking financial company (NBFC) incorporated in 1991. The current promoters took over the company in 2004, initially extending consumer durable loans before venturing into gold loan financing in 2013. To expand its geographic footprint, the company acquired a 75% majority stake in Salem Erode Investments Limited (SEIL), a BSE-listed NBFC, in February 2020. While ICL Fincorp offers business loans (MSME), personal loans, loans against property, and two-wheeler loans, its operations are overwhelmingly driven by the gold loan segment, which accounts for 99.4% of its consolidated portfolio. As of fiscal 2026, the group operates a network of 309 branches across thirteen states and the union territory of Delhi.;
Pros and Cons
Pros
Cons
The promoters possess extensive experience of more than two decades in the NBFC industry, providing them with a strong understanding of borrower behavior.
The company has successfully built an established brand presence in the highly competitive gold loan markets of South India.
The group maintains adequate capitalization, which is supported by consistent internal accruals and regular equity infusions from promoters, including Rs 42.4 crore in fiscal 2026.
The management has demonstrated a comfortable track record of asset quality and risk management, keeping consolidated 90+ days past due (dpd) at a low 0.4% as of March 2026
The group possesses an adequate liquidity position, maintaining a one-month liquidity cover of approximately 1.5 times over its upcoming short-term debt repayments and bank obligations.
Other details
Clean price₹9,978.06
Dirty price₹9,974.64
Current yield12.53%
Security cover1.25X of POS
Issue sizeNA
Original bond tenure13 months
TrusteeMitcon Trusteeship Services Limited
Mode of issueNCD
Listed onNSE
Listing date09 Jul 2026
Coupon rate12.50%
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