Indel Money NCD 2022 (May 2022) are Open on 27 May 2022 and to close on 27 June 2022. The Company will offer 11.57% interest rates on the NCD Bonds. And NCD tenure will be applicable for 366 day, 18 months, 24 months, 61 months, and 71 months. The company will raise a fund of ₹100 crore through this NCD, the company has fixed the NCD price band at ₹1000 for this according to the face value of ₹1000.
Indel Money offers various financial services under one roof. The company offer a wide range of services to all folks of the society including high net-worth individuals, business institutions, retail investors, and the common man. the company offer value-added solutions for the life requirements of a person and it helps to alter the dreams to reality.
Indel Money is the flagship financial institution of Indel Corporation, which is a dynamic and unique holding business enterprise with a total paid-up capital of 200+ Cr and a total turnover crossing 1,000 Cr. Headquartered in Mumbai, Indel Money has its corporate office in Kochi. We are a financial service supermarket with our services spread across multiple industries like Financial Services, Automobile, Hospitality, Infrastructure Development, Media, Communication, and Entertainment.
| Read also: Upcoming IPO List 2022 |
Objects of the Issue :
- The purpose of onward lending, financing, and for repayment/prepayment of principal and interest on borrowings of the Company
- General corporate purposes
Indel Money NCD Review :
■ Apply Your Own Risk
Indel Money NCD Security Name :
■ Indel Money Limited
Indel Money NCD Security Type :
■ Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Indel Money NCD Ratings
| Agency | Rating |
| Acuite | BBB+/Stable |
Indel Money NCD Bonds 2022 Issue Details :
| Issue Open | 25 May 2022 |
| Issue Close | 17 June 2022 |
| Issue Base Size | ₹50 Cr. |
| Issue Shelf Size | ₹50 Cr. |
| Price Band | ₹1000 Per NCD |
| Face Value | ₹1000 Each NCD |
| Interest Rate | 11.57% Annual |
| Listing on | BSE Platform |
Indel Money NCD 2022 Market Lot :
| Market Lot : | 1 NCD |
| Minimum Lot size : | 10 NCD |
| Minimum Investment : | ₹10,000 |
Indel Money NCD Bond 2022 Issue Tenure & Interest Rates :
| SR | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
|---|---|---|---|---|---|---|---|---|
| Tenure | 366 Day | 366 Day | 18 Month | 18 Month | 24 Month | 24 Month | 61 Month | 77 Month |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Interest | Monthly | Cumulative | Monthly | Cumulative | Monthly | Cumulative | Monthly | Cumulative |
| Coupon Rate | 9.00% | N/A | 9.50% | N/A | 10.55% | N/A | 11.00% | N/A |
| Effective Yield | 9.38% | 9.00% | 9.92% | 9.75% | 11.08% | 10.75% | 11.57% | 11.50% |
| Maturity | 1000 | 1090 | 1000 | 1149.76 | 1000 | 1226.56 | 1000 | 2010.70 |
| Read also: All Upcoming IPO Grey Market Premium 2022 |
Company Promoters :
■ Mohanan Gopalakrishnan
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
Indel Money Lead Managers :
Vivro Financial Services Private Limited
607/608 Marathon Icon
Opposite Peninsula Corporate Park
Off. Ganpatrao Kadam Marg
Veer Santaji Lane, Lower Parel
Mumbai 400 013, Maharashtra, India
Tel: +91 22 6666 8040/41/42
Email: [email protected]
Investor Grievance Id: [email protected]
Website: www.vivro.net
Indel Money NCD Debenture Trustee :
Vistra ITCL (India) Limited
The IL&FS Financial Centre
Plot C – 22, 6th Floor, G Block
Bandra Kurla Complex, Bandra (East)
Mumbai – 400 051, Maharashtra, India
Tel: +91 22 2659 3333
Email: [email protected]
Investor Grievance Id: [email protected]
Website: www.vistraitcl.com
Indel Money NCD Registrar :
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai 400 083, Maharashtra, India
Tel: +91 22 4918 6200
Facsimile: +91 22 4918 6195
Email: [email protected]
Investor Grievance Id: [email protected]
Website: www.linkintime.co.in
Company Address :
Indel Money Limited
Office No.301, Floor No.3
Sai Arcade N.S Road
Mulund West, Mumbai 400 080
Maharashtra, India
Tel: +91 22 6798 9889
Email: [email protected]
Website: www.indelmoney.com
Indel Money NCD 2022 FAQs:
What is Indel Money NCD 2022 ?
Indel Money NCD 2022 is Security Bond.
When Indel Money NCD 2022 will open?
The Indel Money NCD 2022 to open on 27 May 2022 – 22 June 2022.
What is the Indel Money NCD 2022 Size?
Indel Money NCD size is ₹100 Crores.
What is the issue Shelf size of Indel Money NCD?
The Shelf size of Indel Money NCD ₹50 Cr.
What is the issue Base size of Indel Money NCD?
The Base size of Indel Money NCD ₹50 Cr.
What is Indel Money NCD Price Band?
Indel Money NCD Price Band is ₹1000 Per NCD.
What is Indel Money NCD Minimum Lot Size?
The Indel Money NCD Minimum Lot Size 10.
What is Indel Money NCD 2022 Interest Rate?
The Indel Money NCD Interest Rate is 11.57% Annual.
Disclaimer: STOCK MARKET INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY BEFORE INVESTING.