(i) ICL Fincorp Ltd., established in the year 1999 with registration under the Companies Act 1956, was started off as a financial services providing company. In the year 1999, the Company forayed into the non-banking financial sector (NBFC) with the approval of Reserve Bank of India.
Since its inception, ICL Fincorp has witnessed unparalleled growth under the leadership of its Chairman and Managing Director, Mr. K G Anilkumar. It was by the sheer business acumen that Mr. K G Anilkumar, acquired a Chennai based NBFC company, Jawahar Finance Company and thus forayed into Non-Banking Finance field.
Today, ICL Fincorp, is one of the leading Gold Loan oriented Non-Banking Finance Companies (NBFC) in South India. The company has also in its portfolio, other services like Vehicle Loans, Business Loans, Money Transfer, Forex, Travel, and Tourism, etc.
(ii) The company’s first branch was established in a small town called Annamanada in Thrissur District on 20/4/2013. Since then, the company has maintained consistent and rapid growth. Today, the company has over 140 branches spread across South India. ICL has set a tall aim to achieve a total of 1000 branches all across India by the end of the year 2022.
(iii) As an organization, ICL Fincorp has a presence through its branches across five states in South India, viz. Kerala, Tamil Nadu, Karnataka, Telengana and Andhra Pradesh. The ICL Group consists of other concerns viz. ICL Chits Ltd, ICL Tour, and Travels P.Ltd, ICL Medilab P Ltd, Snow View Tex Collections P Ltd.
(iv) Loan Profile and understanding of Business:
a) Gold Loan:
Walk into any of ICL branches and receive money against pledging of your gold ornaments. The company charges different interest rates ranging from as low of 9% to 28%, depending upon the tenure period. The ICL Fin Corp being a lender earns by charging heavy interest rates from the consumers for the loan given against the gold. The different gold schemes are mentioned below.
Gold Loan Product Name Duration Rate of Interest
ICL + (Plus) Gold Loan Up to 1 month 12%
>1 to 3 months 16%
>3 to 6 months 20%
>6 to 12 months 24%
ICL Vanitha-Suraksha Up to 3 months 12%
>3 to 6 months 18%
>6 to 9 months 22%
ICL Suvarna Gold Loan Up to 3 months 18%
>3 to 6 months 24%
>6 to 9 months 26%
>9 to 12 months 28%
ICL Sukrutham Gold Loan 18 monthly installments basis 9%
For more such schemes, you can visit this link.
Understanding Gold Business and Risk
Let us suppose, the present worth of Gold in your hand is Rs.1,00,000 and you go to the ICL to get money by pledging this gold. The company will not pay you Rs. 1,00,000 as principal, but give you roughly around 65-70% of the total value. 30-35% is the safety margin for the company from the fluctuation of gold price. So, now they have given you Rs. 65000 as loan money on say 12% interest for one month. After one month, you didn’t turn up to pay it back and take your gold back. Then company will sell this gold in the market to recover its value.
Worst Case or Chance of loss to ICL Fin Corp: If within one month, the total worth of gold decreases below 65,000, the company will have to adjust that as loss in their books. So, the Gold loan business becomes riskier when prices of gold are falling and they flourish vice-versa.
b) Business Loan
ICL offers business loans to SMEs. Such SMEs must be either running a small business unit or a shop. For such small business entities, timely availability of funds is key for enhancing their business or preparing to take advantage of the festival season. ICL, therefore, has loan portfolios from Rs.10,000 up to Rs.5 lakhs that are devised to help meet the evolving financial needs of small entrepreneurs. For more detail, click here
c) Health Insurance
ICL Medicare with its Associates Liberty Videocon brings tailor-made health policies catering to customer various needs. For more detail, click here
d) Vehicle Loan
ICL offers a two-wheeler vehicle loan up to 75% value of the vehicle with an attractive interest rate for a period of one year. The repayment is calculated on EMI basis. Such loans are extended to select customers only who are salaried, professionals or self-employed.
4 Years Snapshots
As of 31.03.2020 , the Company has 200 branches spread across South India with a strong workforce of
750 employees.
Total Available Shares: | 100 |
Face Value: | ₹ 10 Per Equity Share |
ISIN: | INE01CY01013 |
Lot Size: | 500 Shares |
Current Unlisted Share Price: | ₹ 26 Per Equity Share |
Year | Revenue | PAT | Shares | EPS | Net-worth | Book Value |
2014 | 54 | 0.63 | 15.4617 | 0.04 | 219 | 14.2 |
2015 | 148 | 11 | 22.34 | 0.52 | 251 | 11.27 |
2016 | 382 | 23 | 100.77 | 0.24 | 1079 | 10.72 |
2017 | 1283 | 35 | 208.62 | 0.17 | 2437 | 11.69 |
2018 | 2907 | 74 | 253.94 | 0.29 | 3202 | 12.61 |
2019 | 4910 | 17 | 359.32 | 0.05 | 5327 | 14.82 |
2020 | 5700 | 62 | 443.34 | 0.15 | 7027 | 15.86 |
2021 | 7600 | 279 | 443.34 | 0.62 | 7864 | 17.73 |
2022 | 8943 | 273 | 443.34 | 0.61 | 7473 | 17 |
Please find below the procedure for buying ICL Fincorp Limited Unlisted Shares at UnlistedZone.
Please find below the procedure for selling ICL Fincorp Limited Unlisted Shares at UnlistedZone.
Lock-in period of ICL Fincorp Limited Unlisted Shares depends upon category of investors.
DIS - Delivery Instruction Slip is the way through which an investor can sell or transfer the ICL Fincorp Limited Unlisted Shares from his/her demat account to any other demat account. There are two Types of DIS Slip.
In the last 4-5 years, the unlisted share market has become quite big and as a result of that, the ticket size has reduced from usual 5-10 Lac to 35-50k in today's scenario. So, via our UnlistedZone platform, if somebody wants to buy ICL Fincorp Limited Unlisted Shares then minimum investment would be 35-50k.
Yes, buying and selling of unlisted shares in India is 100% legal.
If you sell your shares within 2 years, then you will have to pay Short-term Capital gain on unlisted shares. Short-Term Capital Gain is added in your Income. So, as per individual tax slab you need to pay capital gain tax.
If you sell your shares after 2 years, then you will have to pay Long-term Capital gain on unlisted shares LTCG is 20% with indexation benefits.
After listing of shares, the unlisted shares which you have bought through unlisted market, will be taxed at listed rates, if sold through exchange. So, taxes of listed market will be applicable. And, to calculate holding time, for determining LTCG or STCG, the purchase date of unlisted shares will be applicable.
If you buy ICL Fincorp Limited Unlisted Shares from UnlistedZone then these shares can checked in two ways. However, before we tell you the process of checking of shares, it is intimated that as per SEBI regulations, the shares can be transferred in demat account only.
Check credit of ICL Fincorp Limited Unlisted Shares Instantly?
The ICL Fincorp Limited Unlisted Shares are credited in demat account same day of transferring funds in our company's bank account.
The price of ICL Fincorp Limited Unlisted Shares can be checked in two ways. First, you can join our telegram channel where on daily basis we share the latest prices of all the unlisted shares in the morning and secondly, you can register on UnlistedZone.live platform to see the historical graphs and prices of all the shares at one place.
If you see the thesis of investment in the unlisted shares then it is being done mainly to take the advantage of IPO market. And, if the IPO plans of company get delayed due to market conditions or any other reason then demand suddenly drops in the market. The unlisted market works mainly on demand and supply and if there is no IPO news then getting exit would be difficult.
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We at UnlistedZone do the valuation based on 2 methods.
As an investor in the unlisted space, we would always recommend that you must check all the risk parameter carefully before investing in the unlisted space.
We source shares either from the employees or initial investors looking to liquidate their ICL Fincorp Limited Unlisted Shares.
Pre-IPO shares means which are planning for an IPO in near future. So, all the shares which are traded on the platform are not Pre-IPO Shares. However, if the company's business is going good and then demand will always be there in the unlisted space, so even if the IPO does not come, the investors can easily liquidate their ICL Fincorp Limited Unlisted Shares in the unlisted market itself.
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For tracking news and other information about ICL Fincorp Limited Unlisted Shares, one can visit our website wherein we post news and other information on daily basis and one can also join our telegram channel.
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anandashok12
What is the current market price of ICL Fincorp
Umesh Paliwal
35 per share
mbshilin
current price and minimum qty..?
Market Wizard
Min quantity is 1000 and the price is 35 per share.
Market Wizard
Highlights of the last 6 years.
(i) The company in 2014-15 has issued 6.8875 lakh shares at Rs.10 each.
(ii) In 2014-15, they have a total of 22 branches spread across Kerala and Chennai.
(iii) In 2015-16, they have increased their branches to 45 from 22 in the previous year.
(iv) In 2015-16, the company has issued 78.42846 Lakh shares at Rs. 10 each. Thereby, it raised 7.842846 Cr from the investors.
(v) The company has paid a dividend of Rs. 0.05 in the year 2015-16.
(vi)In 2016-17, the company has become among the profitable NBFCs in the region of Tamilnadu, Telangana, AP, Kerala, and Karnataka.
(vii) In 2016-17, the company has issued 107.847 Lakh shares at Rs. 12.5 each, which is a premium of Rs. 2.5 per share.
(viii) Completed 130 branches in 2017-18, across South India.
(ix) In 2017-18, the company has issued 45.315 Lakh shares at Rs.15.20 per share, which is a premium of 5.20 per share.
(x) In 20170-18, the company AUM crosses 120 cr.
(xi) ICL Fin Corp group has expanded its reach to other states as well and is now fulfilling the financial needs of the underserved population in India from 148 branches and 731 employees.
(xii) In 2018-19, the company has issued 105.389 Lakh shares at Rs.20 per share, which is a premium of 10 per share.
(xiii) In 2019-20, the company has issued ~85 Lakh shares at Rs. 20 per share.
Market Wizard
More than 90% of the loan portfolio is under the Gold loan category and the market value of gold will continue the increasing trend in the coming year also. Further, the Company has reduced the LTV to 70% as a strategic policy during the first half of the new Financial Year. So the possibility of an account running into the NPA category is low.
Ashish
Current rate?
Market Wizard
Not available.