Comparison between Indel Money NCD October 2025 and Muthoot Mercantile NCD December 2025.
Indel Money NCD October 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.
| Indel Money 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 | MUFG Intime India Pvt.Ltd. | Kfin Technologies Ltd. |
| Lead Managers | Trust Investment Advisors Pvt.Ltd. Incred Capital Financial Services Pvt.Ltd. | Vivro Financial Services Pvt.Ltd. |
| Debenture Trustees | Catalyst Trusteeship 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. Indel Money NCD October 2025 issue size is ₹150.00 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.
| Indel Money Ltd. | Muthoot Mercantile Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹150.00 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 | Infomerics Valuation and Rating Private Limited : A- | India Ratings & Research Private Limited : IND BBB/Stable |
| Tenor | ||
| Series | ||
| Payment Frequency |
Offering period of Indel Money NCD October 2025 and Muthoot Mercantile NCD December 2025 is mentioned.
| Indel Money Ltd. | Muthoot Mercantile Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Oct 13, 2025 | Dec 04, 2025 |
| Bid/Offer Closes On | Oct 24, 2025 | Dec 17, 2025 |
In Indel Money NCD October 2025 QIBs portion includes 3,00,000 shares and 4,50,000 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.
| Indel Money Ltd. | Muthoot Mercantile Ltd. | |
|---|---|---|
| Institutional | 3,00,000 shares | 75,000 shares |
| Non Institutional | 3,00,000 shares | 3,00,000 shares |
| HNI | 4,50,000 shares | |
| Retail | 4,50,000 shares | 3,75,000 shares |
| Others | ||
| Total | 15,00,000 shares | 7,50,000 shares |
