The Indel Money Issue Open has been confirmed from January 30, 2024 – February 12, 2024. Read the post to learn about Indel Money NCD.
Indel Money Developers IPO is a fixed issue size of ₹ 67,132.98 lakhs. Indel Money Limited is anon-deposit,non-banking finance business( NBFC) registered with the RBI. The company specializes in gold loans, giving money in exchange for ménage gold jewelry as collateral. The organization also offers loans against property, marketable loans, and particular loans.
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Key Details Of Indel Money NCD
Bidding Dates
Jan 30-Feb 12
Issue Price
Rs 1000 per NCD
Face Value
Rs 1000 each NCD
Market Lot
1 NCD
Indel Money NCD
The Indel Money NCD Face Value is Rs 1000 each NCD.
Indel Money NCD Overview
The majority of the company’s gold loan guests come from rural and semi-urban locales. As of September 30, 2023, the pot operated 250 branches across Kerala, Tamil Nadu, Karnataka, Odisha, Maharashtra, and Telangana, as well as the union territory of Puducherry. The company’s web- based centralized IT platform keeps track of all branches and manages loan and other information. The company has also launched online operations on Google Play and the iOS App Store. The company created E-Connect, a web- based payment interface that helps businesses run more efficiently.
As of September 30, 2023, total loans and advances amounted to ₹ 67,132.98 lakhs, with financial 2023, 2022, and 2021 account for ₹50635.60 lakhs, ₹42,135.99 lakhs, and ₹30,994.35lakhs respectively, representing 82.13,78.18,80.46, and 77.71 of the total.
Indel Money NCD Detail
| Issue Open | January 30, 2024 – February 12, 2024 |
| Security Name | Indel Money Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 100.00 Crores |
| Issue Size (Oversubscription) | Rs 100.00 Crores |
| Overall Issue Size | Rs 200.00 Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE |
| Credit Rating | CRISIL BBB+/Stable by by CRISIL Ratings Limited |
| Tenor | 366 days, 24, 36, 60 and 72 months |
| Series | Series I to VIII |
| Payment Frequency | Monthly and Cumulative |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee/s | Catalyst Trusteeship Limited |
Indel Money Limited Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,133.80 | 1,013.90 | 736.80 | 502.20 |
| Revenue | 143.40 | 187.30 | 123.00 | 94.70 |
| Profit After Tax | 28.60 | 20.50 | 2.11 | 8.70 |
| Net Worth | ||||
| Amount in ₹ Crore | ||||
Indel Money Limited NCD Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 |
|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Cumulative | Monthly | Cumulative | Monthly | Cumulative | Monthly | Cumulative |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 366 Days | 366 Days | 24 Months | 24 Months | 36 Months | 36 Months | 60 Months | 72 Months |
| Coupon (% per Annum) | 9.00% | NA | 9.75% | NA | 10.75% | NA | 11.50% | NA |
| Effective Yield (% per Annum) | 9.38% | 9.00% | 10.20% | 9.75% | 11.30% | 10.75% | 12.13% | 12.25% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,090.00 | Rs 1,000.00 | Rs 1,204.51 | Rs 1,000.00 | Rs 1,358.41 | Rs 1,000.00 | Rs 2,000.41 |
Indel Money Limited NCD Allocation Ratio
Company Profile
Objects of the Issue
The Company plans to use the cash to finance the following objects:
- For the purpose of onward lending, financing, and for repayment/prepayment of principal and interest on borrowings of the Company
- General corporate purposes.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | Indel Money Limited |
| Phone number | +91 484 293 3989 |
| Email ID | [email protected] |
| Website | indelmoney.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
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