Comparison between IIFL Finance NCD Tranche I February 2026 NCD and Nashik Municipal Corporation NCD Feb 2026.
IIFL Finance NCD Tranche I February 2026 NCD is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Nashik Municipal Corporation NCD Feb 2026 is a Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs) proposed to list at BSE, NSE.
| IIFL Finance Ltd. | Nashik Municipal Corporation | |
|---|---|---|
| Logo |  |  |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) | Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs) |
| Listing At | BSE, NSE | BSE, NSE |
| Basis of Allotment | First Come First Serve Basis | First Come First Serve Basis |
| DRHP (Base) | ||
| RHP (Base) | RHP  | RHP |
| DRHP (Shelf) | DRHP (Shelf) | |
| RHP (Shelf) | ||
| NCD Rating | ||
| Registrar | MUFG Intime India Pvt.Ltd. | Purva Sharegistry (India) Pvt.Ltd. |
| Lead Managers | IIFL Capital Services Ltd. Nuvama Wealth Management Ltd. Trust Investment Advisors Pvt.Ltd. | A.K.Capital Services Ltd. |
| Debenture Trustees | Vardhman Trusteeship Pvt.Ltd. | Beacon Trusteeship Ltd. |
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. IIFL Finance NCD Tranche I February 2026 NCD issue size is ₹500.00 Cr at an issue price of ₹1,000.00 per NCD. Nashik Municipal Corporation NCD Feb 2026 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
| IIFL Finance Ltd. | Nashik Municipal Corporation | |
|---|---|---|
| Issue Size (Base) | ₹500.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹2,000.00 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 Ratings Limited : AA Brickwork Ratings India Private Limited : AA+/Stable | India Ratings & Research Private Limited : IND AA+/Stable Crisil Ratings Limited : CRISIL AA+ Stable |
| Tenor | 24, 36, 60 Months | |
| Series | Series 1 to 9 | |
| Payment Frequency | Monthly and Annual |
Offering period of IIFL Finance NCD Tranche I February 2026 NCD and Nashik Municipal Corporation NCD Feb 2026 is mentioned.
| IIFL Finance Ltd. | Nashik Municipal Corporation | |
|---|---|---|
| Bid/Offer Opens On | Feb 17, 2026 | Feb 25, 2026 |
| Bid/Offer Closes On | Mar 04, 2026 | Mar 02, 2026 |
In IIFL Finance NCD Tranche I February 2026 NCD QIBs portion includes 10,00,000 shares and 7,50,000 shares offered are offered to retail investors. In Nashik Municipal Corporation NCD Feb 2026 QIBs portion includes 6,00,000 shares and 1,50,000 shares offered are offered to retail investors.
| IIFL Finance Ltd. | Nashik Municipal Corporation | |
|---|---|---|
| Institutional | 10,00,000 shares | 6,00,000 shares |
| Non Institutional | 15,00,000 shares | 2,50,000 shares |
| HNI | 17,50,000 shares | |
| Retail | 7,50,000 shares | 1,50,000 shares |
| Others | ||
| Total | 50,00,000 shares | 10,00,000 shares |
