ICL Fincorp NCD Nov 2023 vs Muthoot Mercantile NCD Nov 2023

Comparision between ICL Fincorp NCD Nov 2023 and Muthoot Mercantile NCD Nov 2023.

NCD Details

ICL Fincorp NCD Nov 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Muthoot Mercantile NCD Nov 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

	ICL Fincorp Limited	Muthoot Mercantile Limited
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	The NCDs proposed to be issued have been rated 'ACUITE BBB-' by Acuité.	The NCDs proposed to be issued under this Issue have been rated “IND BBB/Stable”, by India Ratings & Research Private Limited
Registrar	Cameo Corporate Services Limited	Kfin Technologies Limited
Lead Managers	Saffron Capital Advisors Private Limited	Vivro Financial Services Private Limited
Debenture Trusties	Mitcon Credentia Trusteeship Services Limited	Mitcon Credentia Trusteeship Services Limited
NRI Allowed	No	No
Allotment Link

Issue Size and Price and Other Details

Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. ICL Fincorp NCD Nov 2023 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Mercantile NCD Nov 2023 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

	ICL Fincorp Limited	Muthoot Mercantile Limited
Issue Size (Base)	₹100.00 Cr	₹100.00 Cr
Issue Size (Shelf)	₹100.00 Cr	₹200.00 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
Market Lot	1 NCD	1 NCD
Credit Rating	ACUITE BBB- with stable outlook by Acuité	IND BBB/Stable by by India Ratings & Research Private Limited
Tenor	13, 24, 36, 60 and 68 months	367days, 18, 24, 36, 60, 75 months
Series	Series I to X	Series I to XI
Payment Frequency	Monthly, Annual and Cumulative	Monthly and Cumulative
Coupon Incentive

NCD Timetable

Offering period of ICL Fincorp NCD Nov 2023 and Muthoot Mercantile NCD Nov 2023 is mentioned.

	ICL Fincorp Limited	Muthoot Mercantile Limited
Bid/Offer Opens On	Nov 28, 2023	Dec 04, 2023
Bid/Offer Closes On	Dec 11, 2023	Dec 15, 2023

Shares Offered to Different Investor Category

In ICL Fincorp NCD Nov 2023 QIBs portion includes 10,000 shares and 7,50,000 shares offered are offered to retail investors. In Muthoot Mercantile NCD Nov 2023 QIBs portion includes 1,00,000 shares and 5,00,000 shares offered are offered to retail investors.

	ICL Fincorp Limited	Muthoot Mercantile Limited
Institutional	10,000 shares	1,00,000 shares
Non Institutional	40,000 shares	4,00,000 shares
HNI	2,00,000 shares
Retail	7,50,000 shares	5,00,000 shares
Others
Total	10,00,000 shares	10,00,000 shares

Compare with others

ICL Fincorp Limited	Muthoot Mercantile Limited
Kosamattam Finance NCD January 2024	Indiabulls Housing Fin. Tranche IV NCD Dec 2023
Indiabulls Housing Fin. Tranche IV NCD Dec 2023	Arka Fincap NCD Tranche I Nov 2023
Arka Fincap NCD Tranche I Nov 2023	IIFL Samasta Finance NCD Tranche I Nov 2023
IIFL Samasta Finance NCD Tranche I Nov 2023	Cholamandalam Investment NCD Tranche III Nov. 2023
Cholamandalam Investment NCD Tranche III Nov. 2023	ICL Fincorp NCD Nov 2023
Muthoot Mercantile NCD Nov 2023	Indiabulls Housing Fin. Tranche III NCD Oct 2023
Indiabulls Housing Fin. Tranche III NCD Oct 2023	Piramal Enterprises NCD Tranche I October 2023
Piramal Enterprises NCD Tranche I October 2023	Incred Financial Services October 2023 NCD
Incred Financial Services October 2023 NCD	Chemmanur Credits and Investments NCD October 2023
Chemmanur Credits and Investments NCD October 2023	Muthoot Fincorp NCD October Tranche II 2023

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