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An Initial Public Offering (IPO) is the process through which a private company offers its shares to the public for the first time, transitioning into a publicly traded entity. This event allows the company to raise capital from a broader investor base, enhancing its growth potential. An IPO typically involves extensive regulatory scrutiny and is often seen as a significant milestone in a company’s development. Icl Fincorp IPO of Debt Issue type offers an equity issue (inclusive of premium) with a face value of ₹ . The issue is live from 11 Nov 2024 to 25 Nov 2024 , with a market lot of shares. This call notice includes , covering ₹ towards face value and the remaining towards securities premium. This is a chance to invest in a well-established company known for its quality and innovation.
| Security Name | ICL Fincorp Limited |
|---|---|
| Offer Price () | |
| Face Value | |
| Type Of Issue | Debt Issue |
| Issue Status | Forthcoming |
| Security Type | Secured Redeemable non-convertible Debentures |
| Series | I-X |
| Issue Period | 11 Nov 2024 to 25 Nov 2024 |
| Market Timing | 10:00AM to 5:00PM |
| Post Issue Modification Date | 26 Nov 2024 |
| Offer Price / Face Value | 1000.00 |
| Minimum Bid Quantity | 10 |
| Issue Size | 7,50,000 |
| Ratings | CRISIL BBB-/Stable (pronounced as CRISIL triple B minus rating with Stable outlook), for an amount of Rs 40,00,000 thousand by CRISIL vide rating letter dated July 08, 2024 for the NCDs proposed to be issued pursuant to this Issue. |
| Book Running Lead Manager | SAFFRON CAPITAL ADVISORS PRIVATE LIMITED |
| Registrar | CAMEO CORPORATE SERVICES LTD. |
| Notes | Sponsor BANK:Axis bank |
Icl Fincorp IPO opens on 11-11-2024, and closes on 25-11-2024
| Start Date | 11-11-2024 |
|---|---|
| End Date | 25-11-2024 |
| Issue Period | 11 Nov 2024 to 25 Nov 2024 |
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