12.00% Indel Money NCD September 2021 Date, Rating & Interest Rates

Vijay Prajapati
September 23, 2021

Vijay Prajapati

Indel Money Limited is one of the NBFC – non deposit taking non-banking finance company that is registered with RBI in 2002. The company is offering gold loans, loan against property, business loans and personal loans to high net-worth individuals, business institutions, retail investors and to the common man. They cater to Financial Services, Automobile, Hospitality, Infrastructure Development, Media, Communication, and Entertainment industries as well. They have their business spread in 5 states through 191 branches. The states they have their foot prints are Karnataka, Tamil Nadu,Kerala, Andra Pradesh & Telengana & Union Territory of Puducherry.

Indel Money has a rating of CRISIL BBB/Stable by CRISIL. Indel Money Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) and/or Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs) subscription to start on 23 September 2021. Indel Money will offer 12.00% interest rates on the NCDs. The NCDs tenure is for 366 days, 18, 36, 54, 61 and 71 Months.

Indel Money NCD Issue Details

NCD Issue Open	23 September 2021
NCD Issue Close	18 October 2021
NCD Issue Size	Base: 75 Cr. \| Shelf: 75 Cr.
Price Band	₹1000 per NCD
Interest Rate	Upto 12.00% ** (Annually)
Minimum Investment	10 Bonds (₹1,000)
Maximum Investment	1,000 Bonds (₹10,00,000)
Listing on	BSE Platform

Indel Money NCD Issue Rating

CRISIL Ratings: “CRISIL BBB/Stable”

Indel Money NCD Issue Listing

NCD Bonds will be list on BSE.

Indel Money NCD Issue Promoters

Indel Corporation Private Limited

How to Apply Indel Money NCD Issue?

You can apply from your existing demat account online and offline. You can apply via downloading form from the official website and filling up all the details with the cheque of said amount. You can submit it to the collection centres.

Indel Money NCD (September 2021) Issue Tenure & Interest Rates

Series	Type	Tenor	Payment	Interest	Effective Yield
1	Secured NCDs	366 days	Month	9.25%	9.65%
2		366 days	Cum.	N/A	9.25%
3		18 Months	Month	10.50%	11.02%
4		18 Months	Cum	N/A	10.72%
5		36 Months	Month	10.75%	11.30%
6			Annual	10.75%	10.75%
7			Cum.	N/A	10.82%
8		54 Months	Month	11.00%	11.75%
9	Unsecured NCDs	61 Months	Month	12.00%	12.68%
10		61 Months	Annual	12.00%	12.00%
11		71 Months	Cum.	N/A	12.43%

Indel Money NCD Lead Manager

Vivro Financial Services Private Limited

Indel Money NCD Allotment Status

Indel Money NCD issue allotment available on Linkintime

NCD Registrar

Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: [email protected]
Website: http://www.linkintime.co.in