ICL Fincorp Limited is offering NCDs (Non-Convertible Debentures) that can help you make a fixed income investment with an interesting yield. With yields as high as 12.62%, an excellent credit rating of CRISIL BBB Stable, as well as varying tenures of 13 to 70 months, the investment is well worth it. They open on 17th November 2025, and the closing date will be 28th November 2025.
Here are more of the offering details, premium attributes, possible risks, and the actions to take after that.
What ICL Fincorp NCD offers to the Investors?
The most recent issuance by ICL Fincorp obtained a rating of CRISIL BBB- with a Stable outlook, signifying a modest level of credit risk. These are Secured, Redeemable Non-Convertible Debentures (NCDs) where investors are insulated via collateral, and are guaranteed to receive regular returns.
Issuance Date and Required Investment
The general public subscription for this offering commences on November 17, 2025, and will conclude on November 28, 2025.
Face Value: 1000 per NCD.
The minimum investment stands at ₹10,000 (which invests in 10 NCDs).
Such investment is such that retail investors can invest at a minimal capital allocation.
Tenure and Investment Options
The NCD provides a range of investment durations. NCD provides investment durations of:
Ranges of 13, 24, 36, 60, 70 months
Monthly, annually, cumulative, depending of course on the plan RDNC provides.
Returns:
- A 13 month investment provides a 10.5% return.
- An investment of 24 months provides an 11% return, or 11.57% effective yield
- A 36 month investment provides an 11.5% return, or 12.13% effective yield
- A 60 month investment provides an interest of 12% or 12.68% effective yield.
- A 70 month provides a cumulative plan with a yield of 12.62%
Such adaptable payout structures accommodate the needs of those looking for regular income and those interested in compounding gains over the long-term.
Purpose and Benefits
The funds raised from the issue are planned to support the company’s expansion goals, strengthen its operations, and improve its lending offerings. ICL Fincorp has built a solid position in the NBFC space, especially in gold loans, along with a varied lending portfolio across several Indian states. Its background in retail financing, combined with the secured NCD format, provides a blend of stability and earning potential for investors
Why Consider NCD? The Advantages
ICL Fincorp NCD offers a highly effective yield of up to 12.62%. It is one of the most attractive offers in the fixed income domain.
It offers both whether the investor desires monthly income or cumulative growth for a longer period.
The NCD offered is secured and offers several layers of protection when compared with unsecured instruments.
ICL Fincorp is a known name in the NBFC domain and operates in multiple states.
The price of ₹10,000 is a decent amount, and even small investors can easily manage this amount.
Risks and Considerations Associated with ICL Fincorp NCD
- Credit Risk: The BBB grading clearly speaks that it is a stable investment, still the investment comes with a degree of credit risk.
- Low Liquidity: The NCD instrument is not considered a high liquidity investment. In some cases, investors need to accept a lower price.
- Interest Payment Duration: Investors who are looking for longer terms, especially opting for cumulative options, will face difficulties as their funds stay locked for the entire duration.
- Market Risk: Shifts in overall interest rates can affect how fixed-rate NCDs are valued in the secondary market.
Why Should Investors Opt for ICL Fincorp NCD?
Investors who are in search of higher fixed-income with moderate risk, ICL Fincorp NCD offers them a secure bet. The reason why this is appealing to the investors:
- It suits those aiming for higher fixed-income returns while being comfortable with moderate levels of risk.
- It can appeal to people seeking yields that exceed what traditional deposits and other lower-risk debt choices usually offer.
- It works for individuals who can set aside funds for a span of roughly 24 to 70 months without needing quick access.
- It fits investors who understand credit-related considerations and are open to rated NBFC-backed fixed-income options for better potential returns.
- It can support a diversified strategy where a share of fixed-income holdings is placed in secured NCDs for improved earning potential.
- It is suitable for those with a conservative to moderately bold approach who want steady periodic payouts or cumulative growth while backing an established NBFC.
Financials: At Glance
| Parameter | Details |
| Issue Closes | 17 November 2025 |
| Minimum Investment | 28 November 2025 |
| Issuer | ₹10,000 (10 NCDs × ₹1,000) |
| Credit Rating | ICL Fincorp Ltd |
| Tenures Offered | CRISIL BBB- / Stable |
| Effective Yield Range | 13, 24, 36, 60, 70 months |
| Payment Options | From ~11.02% up to ~12.62% |
| Use of Proceeds | Monthly / Annual / Cumulative |
| Business growth & service enhancement |
Final Thought
This investment from ICL Fincorp appears to be tempting with a good mix of high interest, tenure, and payment mode flexibility and security cover. For those investors looking for fixed income choices apart from normal bank term deposits, it could be an option to consider.
But weigh your credit rating, liquidity requirements, investment horizon and tolerance for risk before diving in. In case you want the form or financial modelling of returns for each tenure, or you are looking to compare this NCD with other options, let us know for getting correct insights regarding upcoming financial news, visit trusted sources like Delisted Stocks.
FAQs
Q1-What is the ICL Fincorp NCD issue all about?
The ICL Fincorp NCD offer enables the company to raise money for issuing secured Non-Convertible Debentures by the public. Buyers earn fixed returns, continuously or at maturity.
These debentures, backed by company assets, are a secured alternative fixed-income option for those who are prepared to move on from regular savings products.
Q2-What makes secured NCDs different from other investments?
Secured NCDs are unlike other instruments due to the pledged assets of the company. In the event of a financial downturn on the part of an issuer, these assets work to add a bit more room between investors and potential loss.
They have well-defined payoffs and durations, which attract individuals looking for assured returns.
Q3-How are interest payments made for this NCD issue?
The payment schedule follows the plan selected when you applied monthly, or annually. Amounts are wired instantly to the registered bank. This flexibility allows investors to elect for either periodic payments or a lump-sum benefit payment at maturity.
Q4-Can investors exit the NCD investment before maturity?
Early exit from the investment is, however, possible if the NCDs are listed and traded on stock exchanges. If so, holders can sell them on the exchange, though their ability to find buyers or secure the price they want will be determined by market demand and economic conditions.
Q5-What are the risks involved in investing in this NCD?
NCDs, like any other product in the capital market, carry an element of risk. Although secured issues are backed by assets, results can be affected by competition and the company’s performance, interest rates, and supply and demand in the market. This is something investor should carefully consider before investing.
Q6-How to apply for the ICL Fincorp NCD issue?
A broker or bank, or an online platform providing the issue, can be used to apply. The procedure involves the choice of tenure and payout option, KYC (if applicable), filling up of the form during the window period as provided with payment.
Q7-What happens after investors apply for the NCD?
Investors applying and paying for the issue need to wait for the allotment, which generally takes place shortly after the issue closes. On allotment, the NCDs are credited to your demat account.
Interest is then paid according to the selected schedule, and redemption takes place at maturity. Information is typically sent to registered contact numbers.
Q8-Do Investors consider NCDs for their portfolio?
These NCDs may be suitable for individuals who are looking for stable, fixed returns and already have a diversified setup along with an emergency buffer. They fall between low-yield savings options and higher-volatility equity choices. Those unsure should re-evaluate their goals and potentially seek professional advice.
Disclaimer
This article is for informational purposes only and should not be considered investment advice. Prices and data of unlisted shares are based on publicly available sources and may vary. Investors are advised to conduct independent research or consult financial professionals before making investment decisions.
