ICL Fincorp Limited Unlisted Shares

(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

Branches Data

As of 31.03.2020 , the Company has 200 branches spread across South India with a strong workforce of
750 employees.

ICL Fincorp Limited Unlisted Shares Details:

Total Available Shares:	100
Face Value:	₹ 10 Per Equity Share
ISIN:	INE01CY01013
Lot Size:	500 Shares
Current Unlisted Share Price:	₹ 26 Per Equity Share

Promoters And Management:

(i) Mr. K G Anilkumar the Chairman & Managing Director of the company, is the man behind the success story of ICL Fincorp. The vision and hard work of Mr. K.G. Anilkumar have been the single force behind the group's enormous success. Mr. K G Anilkumar is a passionate business person and with his experience and strong backing of the Directors, he established the Company in the year 1991. Since then, the company has been growing at a steady pace under his leadership. His vision and passion were also instrumental in the Group being able to venture into Real Estate, Chits, Tours and Travel business, fashion boutique, and health care business through separate group companies. (iii) Mr. Anilkumar has received the "Bharat Excellence Award" for the year 2015 from His Excellency the Governor of Tamil Nadu, Mr. Rosaiah. He has also been a recipient of the Global Excellence Award for the year 2017, from Smt Nirmala Sitharaman, the Hon’ Defence Minister, Govt of India.

Financials of ICL Fincorp Limited Unlisted Shares:

(Fig. in Lakhs)

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

FY19-20 Analysis 1. The company continued to remain focused on maintaining asset quality. The total AUM for the company as a whole grew by 31% (YoY) and the growth of on-balance sheet assets were 36%. 2. The business AUM (including on book and assigned and net of provisions) in FY 20 stood at INR 249 crores as against INR 189 crores recorded in FY 19. 3. The company earned a profit after tax (PAT) of INR 57,31,734/- during the year. And the Earnings per Share is INR 0.15/. 4. More than 90% of the total portfolio is Gold Loan. When it comes to other loans,there are no fresh disbursements but the renewal of loans is allowed to genuine customers. The recovery and collection mechanism is taken care of in these segments as well. 5. In FY19-20, the company has issued ~84 Lakh Shares at Rs.20 per share. FY20-21 Analysis of ICL Fincorp 1. The company continued to remain focused on maintaining asset quality. The total AUM for the company as a whole grew by 21% (YoY) which is a decent growth considering the kind of havoc which is created in micro-finance loan due to COVID-19. The reason being they are into gold loan which is historically remains a very low NPA business. 2. The business AUM (including on book and assigned and net of provisions) in FY21 stood at INR 301 crores as against INR 249 crores recorded in FY20. 3. The company earned a profit after tax (PAT) of 2.68 Crores- during the year. And the Earnings per Share is INR 0.62. 4. More than 90% of the total portfolio is Gold Loan and rest is Personal loan, Business Loans, Property loan 5. In FY20-21, the company has issued 1 Crores Shares at Rs.20 per share. FY21-22 Analysis of ICL Fincorp 1. The loan book has increased from ~300 Crores in Fy21 to ~350 Crores in Fy22. 2. Net Interest Margin in FY22 is 13.47% which was slight reduce from last year NIM of 14.6%. 3. Revenue has increased from 76 Crores in Fy21 to 83 Crores in Fy22. 4. PAT has increased from 2.6 Crores in FY21 to 2.7 Crores in Fy22. 5. Current Market Price is Rs.25 per share, so, P/B is 1.47x. 6. ICL Fincorp has maintained its Non-Performing Assets (“NPA”) below 2% as on March 31, 2022. More than 90% of loan portfolio is under gold loan category and market value of gold is expected to continue its increasing trend in coming year also. So, chances of NPA is very less. ICL Fin Corp Annual Report 2021-22 ICL Fin Corp Annual Report 2020-21 ICL Fin Corp Annual Report 2019-20 ICL Fin Corp Annual Report 2018-19 ICL Fin Corp Annual Report 2017-18

Company Address:

Admin Office : Main Road, Irinjalakuda, Thrissur (Dt) Kerala, India. +91 480-2828071, 2831305

Frequently Asked Questions:

Please find below the procedure for buying ICL Fincorp Limited Unlisted Shares at UnlistedZone.

1. You confirm booking of ICL Fincorp Limited Unlisted Shares with us at a trading price.
2. You provide your client master report (ask the broker if not available) along with PAN Card and Cancelled Cheque in case you are not transferring funds from the bank account as mentioned in the CMR Copy. These are KYC documents required as per SEBI regulations.
3. We will provide the bank details.
4. You need to transfer funds in that account.
5. Payment has to be done in RTGS/NEFT/IMPS CHEQUE TRANSFER. No CASH DEPOSIT.
6. Payment has to be done from the same account in which shares are to be credited.
7. We will transfer the shares in 24 hours if funds are credited before 2 pm.

Important Note: Please note that the lock-in period for selling ICL Fincorp Limited Unlisted Shares is 6 months after listing. Hence you can’t sell ICL Fincorp Limited Unlisted Shares which you bought in Pre-IPO for 6 months after its listing. i.e. You can sell it only after 6 months calculated from the listing date. For any queries, please contact us at sales@unlistedzone.com

Please find below the procedure for selling ICL Fincorp Limited Unlisted Shares at UnlistedZone.

1. We will confirm our buying price of ICL Fincorp Limited Unlisted Shares.
2. We will give you our client master report and you will transfer the ICL Fincorp Limited Unlisted Shares to our demat account.
3. We will ask for bank details of yours once the ICL Fincorp Limited Unlisted Shares are received in our demat account..
4. We will transfer the funds in your bank account within 24 hrs of receiving the ICL Fincorp Limited Unlisted Shares.
5. Payment will be made in RTGS / NEFT / CHEQUE TRANSFER/IMPS. No CASH DEPOSIT.
6. Payment will be given in the same account which is linked to demat account or you need to provide the cancelled cheque shows your name to verify. As per SEBI regulations, the transfer of funds in the third party account is not legal and our policy refrain us from doing so.

Note: The price at which we are buying the share is fixed for 3 days. If you cant sell your stock within 3 days, then the price of that day will be applicable when we receive shares in our demat.

Lock-in period of ICL Fincorp Limited Unlisted Shares depends upon category of investors.

1. Venture Capital Funds or Foreign Venture Capital Investor - lock-in Period of 6 months from the date of acquisition of ICL Fincorp Limited Unlisted Shares.
2. AIF-II - There is no locking period.
3. Other Investors (include Retail, HNIs or Body Corporate) lock-in Period of 6 months from the date of listing of IPO of ICL Fincorp Limited Unlisted Shares.

This new SEBI rule was introduced in the month of August-2021, wherein the SEBI has reduced the lock-in period previously from 1 year to 6 months to encourage more and more funds to be invested in startups which are going to public or IPO in near future. Reduction of lock-in is seen as big step and after that many PMS funds are advising their clients to invest in Pre-IPO shares to get the benefit of early stage investment.

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.

1. Offline-DIS - This is an offline mode of transfer of shares wherein the investors needs to fill DIS form and give it to their broker for transferring the shares. Following are the fields which are required to be filled.
- a. ISIN number of ICL Fincorp Limited Unlisted Shares.
- b. Name of ICL Fincorp Limited Unlisted Shares
- c. Quantity of ICL Fincorp Limited Unlisted Shares
- d. Cosideration Amount
- e. Target DP ID and Client ID
- f. Annexure
2. Online DIS - Some of the broker these days gives facility of transferring the ICL Fincorp Limited Unlisted Shares via online DIS. So, please check with your broker whether such facility is available or not. For example: Angel Broking proivdes the facility of Online-DIS from its platform. As an investor he/she simply needs to add a beneficiary into it and send the ICL Fincorp Limited Unlisted Shares by filling the details similar to Ofline-DIS.

Read our article to understand more about this. https://unlistedzone.com/how-do-i-sell-my-unlisted-shares/

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?

1.You can download the NSDL or CDSL application from google play-store and check. If you want to check whether your stock broker is registered with NSDL or CDSL then check the following procedure.
By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.
Demat Account = DP ID + Client ID. (16 Characters )
"DP ID is the unique identification of the Broker. Every broker gets a unique number from CDSL or NSDL.By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.
Client ID is the unique identification of the Client. Every client gets this unique number which represents his/her portfolio.
In CDSL, all these characters are numbers (1234567891234567) first 8 digits are DP ID and next 8 digits are Client Id whereas in NSDL the first two characters are letters which are in accordance with the country that you are from (IN12345678912345), then 6 unique digits for Broker and next 8 digits are client ID.
Example:
CDSL = 12345678(DP ID) and 91234567(Client ID).
NSDL = IN123456 (DP ID) and 78912345(Client ID).
Check in brokers application?
Credit of ICL Fincorp Limited Unlisted Shares can be checked in brokers application as well but it takes T+2 days to show the shares.

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.

"UnlistedZone is India's fastest and leading marketplace to buy and sell unlisted shares. In the last 3 years, we have already served more than 1 million users on the platform. The total transactions value done from the platform is already more than 100 Crores. The name of our Co-founders Mr. Umesh Paliwal and Dinesh Gupta publish regularly in leading newspapers like MoneyControl, Business-Standard, ET etc for their views on IPO and Unlisted market. In the last 3 years, UnlistedZone has made a good name for itself in the industry and gained a trust of their users. So, the new investors should not be worried about any kind of fraud that is mostly happens with unkown brokers in the market while doing investment with UnlistedZone."

We at UnlistedZone do the valuation based on 2 methods.

1. We check the last funding that is being done in the ICL Fincorp Limited Unlisted Shares to ascertain the benchmark valuation.
2. If there is no funding happened in the company, then we try to find a business similar to ICL Fincorp Limited Unlisted Shares in the listed space and do comparison method to ascertain the valuation.

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.

Rules and regulations of SEBI are applicable in the Unlisted space like lock-in period of 6 months, paying of Stamp Duty, and DP Charges for every transaction etc. However, to become an unlisted broker there is no such regulation by SEBI as of yet.

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.

Discussion on ICL Fincorp Limited Unlisted Shares:

8 Comments

anandashok12

3:58 PM, 9 June 2021

What is the current market price of ICL Fincorp

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Umesh Paliwal

6:59 AM, 13 June 2021

35 per share

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mbshilin

3:59 AM, 18 September 2020

current price and minimum qty..?

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Market Wizard

12:46 PM, 18 September 2020

Min quantity is 1000 and the price is 35 per share.

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Market Wizard

6:23 AM, 6 September 2020

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.

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Market Wizard

6:07 AM, 6 September 2020

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.

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Ashish

12:17 PM, 9 May 2020

Current rate?

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Market Wizard

6:41 AM, 16 May 2020

Not available.

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ICL Fincorp Limited Unlisted Shares

Branches Data