The subscription for Indel Money Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) will begin on June 6, 2023. The NCDs will be offered at a rate of 12.25% by Indel Money. Crisil Ratings Limited has given Indel Money NCD a BBB +/Stable rating. NCDs have terms of 400 days, 24, 61, and 72 months. Details on Indel Money NCD 2023 can be found here.
Indel Money Limited is a non-deposit-taking non-banking finance company that was registered with the RBI in 2002. The corporation provides gold loans, property loans, business loans, and personal loans to high-net-worth people, business institutions, retail investors, and the general public. They also serve the industries of financial services, automobiles, hospitality, infrastructure development, media, communication, and entertainment. They have operations in five states and have 191 branches. Karnataka, Tamil Nadu, Kerala, Andra Pradesh & Telangana, and the Union Territory of Puducherry are the
states in which they have a presence. Indel Money provides a wide range of financial services under one roof. We provide a comprehensive range of services to all segments of society, including high-net-worth individuals, business entities, retail investors, and everyday people. We provide value-added solutions for a person’s life requirements, assisting in the transformation of dreams into reality.
Indel Money NCD June 2023 Issue Details
| NCD Issue Open | June 6, 2023 |
| NCD Issue Close | June 19, 2023 |
| NCD Issue Size | Base: 50 Cr. | Shelf: 100 Cr. |
| Price Band | ₹1000 per NCD |
| Interest Rate | Up to 12.25% ** (Annually) |
| Minimum Investment | 10 Bonds (₹1,000) |
| Listing on | BSE Platform |
| Credit Rating | CRISIL AA-/Negative and ACUITE AA-/ Negative |
| Tenor | BBB +/Stable rating by Crisil Ratings |
| Basis of Allotment | First Come First Serve Basis |
Indel Money NCD June 2023 Promoters
- Indel Corporation Private Limited
How to Apply Indel Money NCD June 2023 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 June 2023 Tenure & Interest Rates
| Opt | Tenure | Payment | Coupon | Eff. Yield |
|---|---|---|---|---|
| 1 | 400 Days | Month | 9.00% | 9.38% |
| 2 | 400 Days | Cumu. | NA | 9.00% |
| 3 | 24 Month | Month | 10.50% | 11.02% |
| 4 | 24 Month | Cumu. | NA | 10.75% |
| 5 | 61 Month | Month | 11.50% | 12.13% |
| 6 | 61 Month | Cumu. | NA | 11.50% |
| 7 | 72 Month | Cumu. | NA | 12.25% |
Indel Money NCD June 2023 Lead Manager
- Vivro Financial Services Private Limited
Indel Money NCD June 2023 Allotment Status
- Indel Money NCD issue allotment
Indel Money NCD June 2023 Registrar
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: indelmoney.ncd3@linkintime.co.in
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: care@indelmoney.com
Website: http://www.indelmoney.com
Indel Money NCD June 2023 FAQs:
Q1. When is Indel Money NCD Open?
Ans. Indel Money NCD is to open on June 6 and close on June 19, 2023.
Q2. What is Indel Money NCD Price?
Ans. The company has fixed the price at ₹1000 per NCD.
Q3. What is Indel Money NCD Issue Size?
Ans. The NCD issue size is ₹50 crores.
Q4. On Which platform the Indel Money NCD will list?
Ans. Indel Money NCD will list on BSE Platforms.
Q5. How to apply for Indel Money NCD?
Ans. You can apply from your existing Demat account online and offline.
