Comparison between ICL Fincorp Limited NCD November 2025 and Surat Municipal Corporation NCD October 2025.
ICL Fincorp Limited NCD November 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.
| ICL Fincorp 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 | Cameo Corporate Services Ltd. | Kfin Technologies Ltd. |
| Lead Managers | Vivro Financial Services Pvt.Ltd. | A.K.Capital Services Ltd. |
| Debenture Trustees | Mitcon Credentia Trusteeship Services 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. ICL Fincorp Limited NCD November 2025 issue size is ₹50.00 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.
| ICL Fincorp Ltd. | Surat Municipal Corporation | |
|---|---|---|
| Issue Size (Base) | ₹50.00 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 | Crisil Ratings Limited : BBB- | India Ratings & Research Private Limited : IND AA+/Stable Crisil Ratings Limited : CRISIL AA+ Stable |
| Tenor | ||
| Series | ||
| Payment Frequency |
Offering period of ICL Fincorp Limited NCD November 2025 and Surat Municipal Corporation NCD October 2025 is mentioned.
| ICL Fincorp Ltd. | Surat Municipal Corporation | |
|---|---|---|
| Bid/Offer Opens On | Nov 17, 2025 | Oct 06, 2025 |
| Bid/Offer Closes On | Nov 28, 2025 | Oct 09, 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 Surat Municipal Corporation NCD October 2025 QIBs portion includes and offered are offered to retail investors.
| ICL Fincorp Ltd. | Surat Municipal Corporation | |
|---|---|---|
| Institutional | 25,000 shares | |
| Non Institutional | 5,000 shares | |
| HNI | 1,50,000 shares | |
| Retail | 3,20,000 shares | |
| Others | ||
| Total | 5,00,000 shares |
