Comparison between ICL Fincorp Limited NCD November 2025 and Muthoot Mercantile NCD December 2025.
ICL Fincorp Limited NCD November 2025 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Muthoot Mercantile NCD December 2025 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| ICL Fincorp Ltd. | Muthoot Mercantile Ltd. | |
|---|---|---|
| Logo |  |  |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Listing At | BSE | BSE |
| Basis of Allotment | First Come First Serve Basis | First Come First Serve Basis |
| DRHP (Base) | DRHP  | DRHP |
| RHP (Base) | RHP | RHP |
| DRHP (Shelf) | ||
| RHP (Shelf) | ||
| NCD Rating | ||
| Registrar | Cameo Corporate Services Ltd. | Kfin Technologies Ltd. |
| Lead Managers | Vivro Financial Services Pvt.Ltd. | Vivro Financial Services Pvt.Ltd. |
| Debenture Trustees | Mitcon Credentia Trusteeship Services Ltd. | Mitcon Credentia Trusteeship Services 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 November 2025 issue size is ₹50.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Mercantile NCD December 2025 issue size is ₹75.00 Cr at a issue price of ₹1,000.00 per NCD.
| ICL Fincorp Ltd. | Muthoot Mercantile Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹50.00 Cr | ₹75.00 Cr |
| Issue Size (Shelf) | ||
| 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 Ratings Limited : BBB- | India Ratings & Research Private Limited : IND BBB/Stable |
| Tenor | ||
| Series | ||
| Payment Frequency |
Offering period of ICL Fincorp Limited NCD November 2025 and Muthoot Mercantile NCD December 2025 is mentioned.
| ICL Fincorp Ltd. | Muthoot Mercantile Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Nov 17, 2025 | Dec 04, 2025 |
| Bid/Offer Closes On | Nov 28, 2025 | Dec 17, 2025 |
In ICL Fincorp Limited NCD November 2025 QIBs portion includes 25,000 shares and 3,20,000 shares offered are offered to retail investors. In Muthoot Mercantile NCD December 2025 QIBs portion includes 75,000 shares and 3,75,000 shares offered are offered to retail investors.
| ICL Fincorp Ltd. | Muthoot Mercantile Ltd. | |
|---|---|---|
| Institutional | 25,000 shares | 75,000 shares |
| Non Institutional | 5,000 shares | 3,00,000 shares |
| HNI | 1,50,000 shares | |
| Retail | 3,20,000 shares | 3,75,000 shares |
| Others | ||
| Total | 5,00,000 shares | 7,50,000 shares |
