Comparison between ICL Fincorp Limited NCD April 2025 and IIFL Finance NCD April Tranche I 2025.
ICL Fincorp Limited NCD April 2025 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while IIFL Finance NCD April Tranche I 2025 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| ICL Fincorp Ltd. | IIFL Finance Ltd. | |
|---|---|---|
| Logo |  |  |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Listing At | BSE | BSE, NSE |
| Basis of Allotment | First Come First Serve Basis | First Come First Serve Basis |
| DRHP (Base) | DRHP  | |
| RHP (Base) | RHP | RHP |
| DRHP (Shelf) | DRHP (Shelf) | |
| RHP (Shelf) | RHP (Shelf) | |
| NCD Rating | 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 under this Issue. | The NCDs proposed to be issued under this Issue have been rated CRISIL AA/Stable by CRISIL Ratings Limited and ICRA AA (stable) by ICRA Limited. Such ratings indicated that the instruments have a high degree of safety regarding timely servicing of financial obligations and carry very low credit risk. |
| Registrar | Cameo Corporate Services Ltd. | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Vivro Financial Services Pvt.Ltd. | IIFL Capital Services Ltd. Nuvama Wealth Management Ltd. Trust Investment Advisors Pvt.Ltd. |
| Debenture Trustees | Mitcon Credentia Trusteeship Services Ltd. | Vardhman Trusteeship Pvt.Ltd. |
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. ICL Fincorp Limited NCD April 2025 issue size is ₹50.00 Cr at an issue price of ₹1,000.00 per NCD. IIFL Finance NCD April Tranche I 2025 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
| ICL Fincorp Ltd. | IIFL Finance Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹50.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹2,500.00 Cr | |
| Issue Price | ₹1,000.00 per NCD | ₹1,000.00 per NCD |
| Face Value | ₹1,000.00 per NCD | ₹1,000.00 per NCD |
| Minimum Lot size | 10 NCD | 10 NCD |
| Market Lot | 1 NCD | 1 NCD |
| Credit Rating | CRISIL BBB-/Stable by CRISIL. | CRISIL AA/Stable by CRISIL Limited and ICRA AA (stable) by ICRA Limited. |
| Tenor | 13, 24, 36, 60 and 68 Months | 15, 24, 36 and 60 Months |
| Series | Series I to X | Series I to IX |
| Payment Frequency | Monthly, Annual and Cumulative | Monthly, Annual and Cumulative |
Offering period of ICL Fincorp Limited NCD April 2025 and IIFL Finance NCD April Tranche I 2025 is mentioned.
| ICL Fincorp Ltd. | IIFL Finance Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Apr 25, 2025 | Apr 07, 2025 |
| Bid/Offer Closes On | May 09, 2025 | Apr 11, 2025 |
In ICL Fincorp Limited NCD April 2025 QIBs portion includes 25,000 shares and 3,20,000 shares offered are offered to retail investors. In IIFL Finance NCD April Tranche I 2025 QIBs portion includes 2,00,000 shares and 3,00,000 shares offered are offered to retail investors.
| ICL Fincorp Ltd. | IIFL Finance Ltd. | |
|---|---|---|
| Institutional | 25,000 shares | 2,00,000 shares |
| Non Institutional | 2,00,000 shares | |
| HNI | 1,50,000 shares | 3,00,000 shares |
| Retail | 3,20,000 shares | 3,00,000 shares |
| Others | ||
| Total | 5,00,000 shares | 10,00,000 shares |
