Security Name: 12.00% ICL Fincorp Limited 19 Aug 2027
ISIN:
INE01CY078I0
Taxable
Tax Category
19 Aug, 2027
Maturity Date
(2 Yr 3 Mo 12 D to mature)
Monthly
Interest Payment Frequency
Yes
NRI Eligibility
19 Aug, 2024
Allotment Date
19/08/2026
Put Date
01 Jun, 2025
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
Quote Not Available
Dirty Price
12%
Coupon
Fixed Interest
Coupon Basis
Quote Not Available
Current Yield
17 May, 2025
Record Date
YOUR EARNING
Your Investment
Final Payout
₹0
Error Generating Cashflow 😥. We are looking into this.
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
ICL Fincorp Limited
ICL Fincorp Ltd (ICLFL), based in Thrissur, Kerala, was established in 1991 and started the Non-Banking Financial Corporation (NBFC) operation in 1999. The company acquired a Chennai-based NBFC called Jawahar Finance Company and renamed it as Irinjalakuda Credits and Leasing Company Limited. ICLFL was acquired by the current promoter, Mr K G. Anilkumar, in 2004. The company was renamed to ICL Fincorp Ltd in June 2016. The company started lending against consumer durables and later ventured into gold loans in 2013.
The ratio in FY24 is 5.71x and it was 5.65x in FY23, indicating increase in the debt level due to increase in the borrowings as well as decrease in the profitability of the Issuer.
Debt/EBITDA
The ratio in FY24 is 1.05x and it was 1.09x in FY23, indicating decrease in the debt servicing ability of the issuer due to increase in the interest on borrowings which led to overall finance cost in FY24.
Interest coverage ratio
Recent News
13.73% ICL Fincorp NCD April 2024
Jun 14, 2024 | ICL Fincorp Limited
Related Videos
Bonds vs Debentures
Fixed-Income Faceoff: Bonds vs. Debentures - Which is Right for You?
Seniority Ranking
Demystifying the hierarchy that determines who gets paid first in the event of a default
STEPS TO BUY THIS BOND
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
To know more about the Bond and the issuer, download the Information Memorandum.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
Clean Price
Yield (YTM)
Principal Amount
Accrued Interest from
Select the number of units below
BOND VALUE DETAILS
Face Value
Market Value
Stamp Duty
Select a Settlement Date:
Total Investment
| Cashflow for INE01CY078I0 |
|---|
| Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR). |
|---|
| Security Name |
|---|
| 12.00% ICL Fincorp Limited 19 Aug 2027 |
| Credit Rating |
|---|
| BBB- / Stable by CRISIL |
| Coupon Frequency |
|---|
| Monthly |
| Face Value |
|---|
| ₹1,00,000 |
| Coupon |
|---|
| 12.000000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 19/08/2027 |
| Security |
|---|
| Senior Secured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Principal Amount |
|---|
| ₹NaN |
| Accrued Interest |
|---|
| ₹NaN |
| Stamp Duty |
|---|
| ₹0 |
| Total Amount Payable |
|---|
| ₹NaN |
| Price |
|---|
| ₹NaN |
| Yield |
|---|
| % |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
|---|
Quote Not Available for purchase
Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.
