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The principal amount of the NCDs to be issued in terms of this Prospectus together with all interest due on the NCDs, as well as all costs, charges, all fees, remuneration of Debenture Trustee and expenses payable in respect thereof shall be secured by way of first ranking pari passu charge with Existing Secured Creditors, on all fixed assets (excluding immovable properties), current assets, including book debts, receivables, loans and advances and cash & bank balances (excluding reserves created in accordance with law and exclusive charge created in favour of secured charge holders in terms of their respective loan agreements/documents), both present and future of the Company. Our Company will create the security for the NCDs in favour of the Debenture Trustee for the Debenture Holders holding the NCDs on the assets to ensure 100.00% security cover or higher of the amount outstanding including interest in respect of the NCDs at any time. Without prejudice to the aforesaid, in the event our Company fails to execute the Debenture Trust Deed within the period specified in Regulation 18(1) of the SEBI NCS Regulations or such other time frame as may be stipulated from time-to-time, our Company shall also pay interest of at least 2% (two per cent) per annum to the NCD holders, over and above the interest rate on the NCDs specified in this Prospectus, till the execution of the Debenture Trust Deed. |
| Issue Details |
| Issue Open |
11-Nov-2024-25-Nov-2024 |
| Security Name |
ICL FINCORP LIMITED |
| Security Type |
Secured Redeemable Non-Convertible Debentures |
| Issue Size (Base) .Cr |
750 |
| Over subscription |
An Option To Retain Oversubscription Up To Rs. 250 Crores Aggregating To Rs. 1000 Crores. |
| Issue Price |
1000 |
| Face Value |
1000 |
| Market Lot |
1 |
| Credit Rating |
"CRISIL BBB-/Stable" by CRISIL. |
| Tenor |
13 months,24 months,36 months,60 months,68 months |
| Series |
Series1,Series2,Series3,Series4,Series5,Series6,Series7,Series8,Series9,Series10 |
| Payment Frequency |
Monthly,At the End,Yearly |
| Objects of the Issue: |
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PUBLIC ISSUE BY OUR COMPANY OF 1000000 SECURED, REDEEMABLE, NON-CONVERTIBLE DEBENTURES OF FACE VALUE OF RS. 1000 EACH, ("NCDS") AT PAR, FOR AN AMOUNT UP TO RS. 750 CRORE ("BASE ISSUE SIZE") WITH AN OPTION TO RETAIN OVERSUBSCRIPTION OF UP TO RS. 250 CRORE AGGREGATING UP TO RS. 1000 CRORE. |
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| Company Promoters |
| Kuzhuppilly Govinda Menon Anilkumar |
| Umadevi Anilkumar |
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| Lead Managers |
| 1. SAFFRON CAPITAL ADVISORS PRIVATE LIMITED |
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| Registrar to the Issue |
| 1. CAMEO CORPORATE SERVICES LIMITED |
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