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 Open | January 30, 2024 |
| NCD Issue Close | February 12, 2024 |
| NCD Issue Size | Base: 100 Cr. | Overall: 200 Cr. |
| Price Band | ₹1000 per NCD |
| Interest Rate | Up to 12.25% ** (Annually) |
| Minimum Investment | 10 Bonds (₹10,000) |
| Listing on | BSE Platform |
| Credit Rating | CRISIL BBB+/Stable by CRISIL Ratings Limited |
| Tenor | 366 days, 24, 36, 60 and 72 Months |
| Basis of Allotment | First Come First Serve Basis |
| DRHP Document | Click Here |
| RHP Document | Click 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
| Opt | Tenure | Payment | Coupon | Eff. Yield |
| 1 | 366 Days | Monthly | 9.00% | 9.38% |
| 2 | 366 Days | Cumu. | NA | 9.00% |
| 3 | 24 Months | Monthly | 9.75% | 10.20% |
| 4 | 24 Months | Cumu. | NA | 9.75% |
| 5 | 36 Months | Monthly | 10.75% | 11.30% |
| 6 | 36 Months | Cumu. | NA | 10.75% |
| 7 | 60 Months | Monthly | 11.50% | 12.13% |
| 8 | 72 Months | Cumu. | NA | 12.25% |
Indel Money NCD Allocation Ratio
| Category | Allocation |
| Institutional | 10% |
| Non-Institutional | 40% |
| Retail | 50% |
| Category 4 | 0% |
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/
