Thursday, September 23, 2021

12.00% Indel Money NCD September 2021 Date, Rating & Interest Rates

Indel Money Limited is one of the NBFC - non deposit taking non-banking finance company that is registered with RBI in 2002. The company is offering gold loans, loan against property, business loans and personal loans to high net-worth individuals, business institutions, retail investors and to 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 foot prints are Karnataka, Tamil Nadu,Kerala, Andra Pradesh & Telengana & Union Territory of Puducherry.

Indel Money has a rating of CRISIL BBB/Stable by CRISIL. Indel Money Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) and/or Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs) subscription to start on 23 September 2021. Indel Money will offer 12.00% interest rates on the NCDs. The NCDs tenure is for 366 days, 18, 36, 54, 61 and 71 Months.
Indel Money

Indel Money NCD Issue Details

 NCD Issue Open 23 September 2021
 NCD Issue Close 18 October 2021
 NCD Issue Size Base: 75 Cr. | Shelf: 75 Cr.
 Price Band ₹1000 per NCD
 Interest Rate Upto 12.00% ** (Annually)
 Minimum Investment 10 Bonds (₹1,000)
 Maximum Investment 1,000 Bonds (₹10,00,000)
 Listing on
 BSE Platform

Indel Money NCD Issue Rating

  • CRISIL Ratings: "CRISIL BBB/Stable"

Indel Money NCD Issue Listing

  • NCD Bonds will be list on BSE.

Indel Money NCD Issue Promoters

  • Indel Corporation Private Limited

How to Apply Indel Money NCD Issue?

You can apply from your existing demat account online and offline. You can apply via downloading form from the official website and filling up all the details with the cheque of said amount. You can submit it to the collection centres.

Indel Money NCD (September 2021) Issue Tenure & Interest Rates

Series Type Tenor Payment Interest Effective Yield
1 Secured NCDs 366 days Month 9.25% 9.65%
2 Cum. N/A 9.25%
3 18 Months Month 10.50% 11.02%
4 Cum N/A 10.72%
5 36 Months Month 10.75% 11.30%
6 Annual 10.75% 10.75%
7 Cum. N/A 10.82%
8 54 Months Month 11.00% 11.75%
9 Unsecured NCDs 61 Months Month 12.00% 12.68%
10 Annual 12.00% 12.00%
11 71 Months Cum. N/A 12.43%

Indel Money NCD Lead Manager

  • Vivro Financial Services Private Limited

Indel Money NCD Allotment Status

  • Indel Money NCD issue allotment available on Linkintime

NCD Registrar

Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270

Company Information

Indel Money Limited
Office No.301,
Floor No.3, Sai Arcade N.S Road, Mulund West,
Mumbai 400 080, Maharashtra, India
Phone: +91 484 293 3988

Indel Money NCD FAQs:

When is Indel Money NCD Open?
Indel Money NCD to open on September 23 and closes on October 18, 2021.

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 ₹150 crores.

On Which platform the Indel Money NCD will list?
Indel Money NCD will list on BSE Platform.

How to apply for Indel Money NCD?
You can apply from your existing demat account online and offline.