Indel Money Limited is one of the NBFC – non-deposit-taking non-banking finance companies that is registered with RBI in 2002. The company is offering gold loans, loans against property, business loans, and personal loans to high net-worth individuals, business institutions, retail investors, and 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 footprints are Karnataka, Tamil Nadu, Kerala, Andra Pradesh & Telangana & Union Territory of Puducherry.
Indel Money has a rating of Acuite BBB+/Stable by Acuite Ratings & Research Limited. Indel Money Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) subscription to start on May 27, 2022. Indel Money will offer 11.57% interest rates on the NCDs. The NCDs tenure is for 366 days, 18, 24, 61, and 77 Months. Check out Indel Money NCD 2022 details here.
Indel Money NCD May 2022 Issue Details
| NCD Issue Open | May 27, 2022 |
| NCD Issue Close | June 22, 2022 |
| NCD Issue Size | Base: 50 Cr. | Shelf: 50 Cr. |
| Price Band | ₹1000 per NCD |
| Interest Rate | Up to 11.57% ** (Annually) |
| Minimum Investment | 10 Bonds (₹1,000) |
| Listing on | BSE Platform |
| Credit Rating | Acuite BBB+/Stable by Acuite Ratings & Research Limited |
| Tenor | 366 days, 18, 24, 61 and 77 Months |
| Basis of Allotment | First Come First Serve Basis |
Indel Money NCD May 2022 Promoters
- Indel Corporation Private Limited
How to Apply Indel Money NCD May 2022 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 May 2022 Tenure & Interest Rates
| Opt | Tenure | Payment | Coupon | Eff. Yield |
| I | 366 Days | Month | 9.00% | 9.38% |
| II | 366 Days | Cumu. | NA | 9.00% |
| III | 18 Month | Month | 9.50% | 9.92% |
| IV | 18 Month | Cumu. | NA | 9.75% |
| V | 24 Month | Month | 10.55% | 11.08% |
| VI | 24 Month | Cumu. | NA | 10.75% |
| VII | 61 Month | Month | 11.00% | 11.57% |
| VIII | 77 Month | Cumu. | NA | 11.50% |
Indel Money NCD May 2022 Lead Manager
- Vivro Financial Services Private Limited
Indel Money NCD May 2022 Allotment Status
- Indel Money NCD issue allotment available on Linkintime
Indel Money NCD May 2022 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 3988;
Email: [email protected]
Website: https://indelmoney.com/
Indel Money NCD May 2022 FAQs:
When is Indel Money NCD Open?
What is Indel Money NCD Price?
What is Indel Money NCD Issue Size?
On Which platform the Indel Money NCD will list?
How to apply for Indel Money NCD?
Follow IPO Watch for the Upcoming IPO news and their reviews, also keep following us on Twitter, Facebook, and Instagram. For our latest videos, subscribe to our YouTube channel.
