Comparison between Indel Money NCD October 2025 and Surat Municipal Corporation NCD October 2025.
Indel Money NCD October 2025 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Surat Municipal Corporation NCD October 2025 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at NSE, BSE.
| Indel Money Ltd. | Surat Municipal Corporation | |
|---|---|---|
| Logo |  |  |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Listing At | BSE | NSE, BSE |
| Basis of Allotment | First Come First Serve Basis | First Come First Serve Basis |
| DRHP (Base) | 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. | A.K.Capital Services Ltd. |
| Debenture Trustees | Catalyst Trusteeship Ltd. | SBICAP Trustee Co.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. Surat Municipal Corporation NCD October 2025 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
| Indel Money Ltd. | Surat Municipal Corporation | |
|---|---|---|
| Issue Size (Base) | ₹150.00 Cr | ₹100.00 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 AA+/Stable Crisil Ratings Limited : CRISIL AA+ Stable |
| Tenor | ||
| Series | ||
| Payment Frequency |
Offering period of Indel Money NCD October 2025 and Surat Municipal Corporation NCD October 2025 is mentioned.
| Indel Money Ltd. | Surat Municipal Corporation | |
|---|---|---|
| Bid/Offer Opens On | Oct 13, 2025 | Oct 06, 2025 |
| Bid/Offer Closes On | Oct 24, 2025 | Oct 09, 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 Surat Municipal Corporation NCD October 2025 QIBs portion includes and offered are offered to retail investors.
| Indel Money Ltd. | Surat Municipal Corporation | |
|---|---|---|
| Institutional | 3,00,000 shares | |
| Non Institutional | 3,00,000 shares | |
| HNI | 4,50,000 shares | |
| Retail | 4,50,000 shares | |
| Others | ||
| Total | 15,00,000 shares |
