Indel Money NCD May 2022 Date, Rating & Interest Rates

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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

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

OptTenurePaymentCouponEff. Yield
I366 DaysMonth9.00%9.38%
II366 DaysCumu.NA9.00%
III18 MonthMonth9.50%9.92%
IV18 MonthCumu.NA9.75%
V24 MonthMonth10.55%11.08%
VI24 MonthCumu.NA10.75%
VII61 MonthMonth11.00%11.57%
VIII77 MonthCumu.NA11.50%

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]

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]

Indel Money NCD May 2022 FAQs:

When is Indel Money NCD Open?

Indel Money NCD is to open on May 27 and close on June 22, 2022.

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 ₹50 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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