Non-deposit-taking non-banking finance company (NBFC) registered with RBI Indel Money Limited entrenched in 1986 and it has a business of providing loans, whether it is personal or professional. Gold loans are not only for homes but also can be received for property and business loans. In FY24, profit rose to ₹55.75 crore, compared to ₹29.19 crore in FY23. Moreover, Experienced management, Sufficient capitalization, Good asset quality, and satisfactory and substantial growth have a strength of indel money. Rural and semi-urban areas client also purchased goal loans for their purposes. The percentage of non-performing loans has risen sharply over the years. As of September 30, 2023, it was 5.62%. This is up from 2.98% in Fiscal 2023, 1.61% in Fiscal 2022, and 0.46% in Fiscal 2021. This shows a clear increase in troubled loans, especially recently.
Indel Money NCD October 2024 Details
| NCD Issue Open | October 21, 2024 |
| NCD Issue Close | November 4, 2024 |
| NCD Issue Size | Base: 75 Cr. | Shelf: [.] Cr. |
| Price Band | ₹1000 per NCD |
| Interest Rate | Up to 13.44% ** (Annually) |
| Minimum Investment | 10 Bonds (₹10,000) |
| Listing on | BSE Platform |
| Credit Rating | CRISIL BBB+/Stable by by CRISIL Ratings Limited |
| Tenor | 366 days, 18, 30, 60 and 66 months |
| Basis of Allotment | First Come First Serve Basis |
| DRHP Document | Click Here |
| RHP Document | Click Here |
Indel Money NCD October 2024 Promoters
- The Company has no identifiable promoters and is a professionally managed company.
How to Apply Indel Money NCD October 2024 Issue?
You can apply from your existing Demat account online and offline. You can apply by downloading the form from the official website and filling up all the details with the cheque for the said amount. You can submit it to the collection centers.
Indel Money NCD Review
- Avoid
Indel Money NCD October 2024 Tenure & Interest Rates
| Opt | Tenure | Payment | Coupon | Eff. Yield |
| 1 | 366 Days | Month | 10% | 10.47% |
| 2 | 366 Days | Cumu. | NA | 10% |
| 3 | 18 Month | Month | 10.5% | 11.02% |
| 4 | 30 Month | Month | 11% | 11.57% |
| 5 | 30 Month | Cumu. | NA | 11% |
| 6 | 60 Month | Month | 12% | 12.68% |
| 7 | 66 Month | Cumu. | NA | 13.44% |
Indel Money NCD Allocation Ratio
| Category | Allocation |
| Institutional | 10% |
| Non-Institutional | 40% |
| HNI | -% |
| Retail | 50% |
Indel Money NCD October 2024 Lead Manager
- Vivro Financial Services Private Limited
Indel Money NCD October 2024 Allotment Status
- Indel Money NCD issue allotment available on LinkInTime.
Indel Money NCD October 2024 Registrar
Link Intime India Private Ltd
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: https://linkintime.co.in/initial_offer/public-issues.html
Company Information
Indel Money Limited
Office No.301, Floor No.3,
Sai Arcade N.S Road,
Mulund West, Mumbai – 400 080
Phone: +91 484 293 3989
Email: [email protected]
Website: http://www.indelmoney.com/
