Indel Money NCD January 2024 – Effective Yield 12.25% p.a.

Indel Money Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) subscription to start on January 30, 2024. Indel Money will offer 12.25% interest rates on the NCDs. Indel Money NCD has a rating of CRISIL BBB+/Stable by by CRISIL Ratings Limited. The NCDs tenure is for 366 days, 24, 36, 60 and 72 months. Check out Indel Money NCD 2024 details here.
Indel Money NCD

Table of Contents

Indel Money is an NBFC-ML in the gold loan sector lending money against the pledge of household gold jewelry (“Gold Loans”) in the states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Odisha, Maharashtra and Telangana and the union territory of Puducherry. They also provide loans against property, business loans, and personal loans. Their Gold Loan portfolio(excluding off-balance sheet assets)for the half year ended September 30, 2023, and Fiscal 2023, 2022, and 2021 amounted to ₹67,132.98 lakhs, ₹50,635.60 lakhs, ₹42,135.99 lakhs and ₹30,994.35 lakhs which is 82.13%, 78.18%, 80.46%and 77.71%of our total loans and advances (excluding off-balance sheet assets) as on such specific dates. , as of September 30, 2023, had a network of 250 branches spread in the states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Odisha, Maharashtra, and Telangana and the union territory of Puducherry.


Indel Money NCD January 2024 Details

NCD Issue OpenJanuary 30, 2024
NCD Issue CloseFebruary 12, 2024
NCD Issue SizeBase: 100 Cr. | Overall: 200 Cr.
Price Band₹1000 per NCD
Interest RateUp to 12.25% ** (Annually)
Minimum Investment10 Bonds (₹10,000)
Listing onBSE Platform
Credit RatingCRISIL BBB+/Stable by CRISIL Ratings Limited
Tenor366 days, 24, 36, 60 and 72 Months
Basis of AllotmentFirst Come First Serve Basis
DRHP DocumentClick Here
RHP DocumentClick Here

Indel Money NCD January 2024 Promoters

  • Indel Corporation Private Limited

How to Apply Indel Money NCD January 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

  • May Apply

Indel Money NCD January 2024 Tenure & Interest Rates

OptTenurePaymentCouponEff. Yield
1366 DaysMonthly9.00%9.38%
2366 DaysCumu.NA9.00%
324 MonthsMonthly9.75%10.20%
424 MonthsCumu.NA9.75%
536 MonthsMonthly10.75%11.30%
636 MonthsCumu.NA10.75%
760 MonthsMonthly11.50%12.13%
872 MonthsCumu.NA12.25%

Indel Money NCD Allocation Ratio

CategoryAllocation
Institutional10%
Non-Institutional40%
Retail50%
Category 40%

Indel Money NCD January 2024 Lead Manager

  • Vivro Financial Services Private Limited

Indel Money NCD January 2024 Allotment Status

  • Indel Money NCD issue allotment is available on LinkIntime.

Indel Money NCD January 2024 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: https://linkintime.co.in

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/

Indel Money NCD January 2024 FAQs:


When is Indel Money NCD Open?

Indel Money NCD is to open on January 30 and close on February 12, 2024.

What is Indel Money NCD Price?

The company has fixed the price at ₹1000 per NCD.

What is Indel Money NCD Issue Size?

The NCD issue size is ₹100 crores.

On Which platform the Indel Money NCD will list?

Indel Money NCD will list on BSE Platforms.

How to apply for Indel Money NCD?

You can apply from your existing Demat account online and offline.
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