Indel Money NCD Bonds 2021 Issue Date, Rating & Interest Rates

Indel Money NCD

Indel Money NCD Bonds 2021 are Open on 23 September 2021 and to close on 18 October 2021. The Company will offer 12.00% interest rates on the NCD Bonds. And NCD tenure will be applicable for 366 days, 18 months, 36 months, 54 months, 61 months, and 71 months. The company will raise a Base fund of 75 crores and Shelf 75 Cr 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. We 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. We offer value-added solutions for the life requirements of a person and it helps to alter the dreams to reality.

Read also: Upcoming IPO List 2021

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.

Indel Money NCD Review :

Apply Your Long Term

Indel Money NCD Security Name :

Indel Money Limited

Indel Money NCD Security Type :

Secured NCDs and Unsecured NCDs

Indel Money NCD Ratings

AgencyRating
Credit RatingBBB/ Stable

Indel Money NCD Bonds Issue Details

Issue Open23 September 2021
Issue Close18 October 2021
Issue Base Size₹75 Cr.
Issue Shelf Size₹75 Cr.
Price Band₹1000 Per NCD
Face Value₹1000 Each NCD
Interest Rate12.00% Annual
Listing on BSE Platform
Paytm Banner

Indel Money NCD Market Lot

Market Lot :1 Lot
Minimum Lot size :10 NCD
Minimum Investment :₹10,000

Indel Money NCD Bond Issue Tenure & Interest Rates

Sr.1234567891011
NatureSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecuredUnsecuredUnsecuredUnsecured
Tenure366 day18 Month_36 Month54 Month61 Month71 Month
PaymentMonthlyCumulativeMonthlyCumulativeMonthlyAnnualCumulativeMonthlyMonthlyAnnualCumulative
Coupon9.25%N/A10.50%N/A10.75%10.75%N/A11.00%12.00%12.00%N/A
E.Yield9.65%9.25%11.02%10.72%11.30%10.75%10.82%11.57%12.68%12.00%12.43%
Maturity10001092.75100011651000100013611000100010002000

About Indel Money Company

Our Company belongs to the Indel Group, which was founded by Late Mr. Palliyil Janardhanan Nair. The Indel Group entered into the regulated financial services business at a small village in Palakkad, Kerala under a State Government Money lenders license. Over the years the Group has diversified its presence from being a financial services company to the automobile dealership, hospitality, infrastructure development, media, communication, and entertainment.

We are a non-deposit taking and a non – systemically important non-banking finance company (“NBFC”) in the gold loan sector lending money against the pledge of household gold jewelry (“Gold Loans”) in the states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, and Telangana and the union territory of Puducherry. We also provide loans against property, business loans, and personal loans. Our Gold Loan portfolio as of March 31, 2021, March 31, 2020, and March 31, 2019, amounted to ₹30,997.17 lakhs, ₹29,588.74 lakhs, and ₹19,380.33 lakhs which is 77.72%, 87.99%, and 84.43% of our total loans and advances as on such specific dates.

Paytm banner

We have a ‘hub-and-spoke’ model, with physical branches serving as our hub locations and technology-led spoke locations. For further details, see “– Properties” on page 125. With a lending AUM of ₹ 32,35,356 lakh as of March 31, We, as of August 31, 2021, had a network of 191 branches spread in the states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, and Telangana, and the union territory of Puducherry.

Read also: All Upcoming IPO Grey Market Premium 2021

Our Gold Loan customers are individuals primarily from rural and semi-urban areas. We believe that what distinguishes us from banks and other gold loan companies is our focus on rural and semi-urban regions, our turnaround time, our focus on a mix of long term and short term loans, and our ability to reach out to our customers and provide them the comfort of transacting with us at their doorstep.

Our Company is one of the few gold loan companies which has launched a long term 2 -year gold loan scheme to support the cash and liquidity requirements of our customers. The 2-year gold loan schemes account for 43.21% of the gold loan portfolio of our Company for Fiscal 2021.

Company Promoters :

■ Mohanan Gopalakrishnan

Indel Money Board of Directors

NameDesignation
Mohanan GopalakrishnanManaging Director
Umesh MohananExecutive Whole Time Director
Anantharaman Trikkur RamachandranNon-Executive Director
Salil VenuNon-Executive Director
Kavitha MenonNon-Executive Director
Narasinganallore Venkatesh SrinivasanIndependent Director
Chitethu Ramakrishna SasikumarIndependent Director
Sethuraman GaneshIndependent Director
Upstox Referal

Quick Link :

DRHP Draft Prospectus
RHP Draft Prospectus

Indel Money IPO Lead Managers :

VIVRO FINANCIAL SERVICES PRIVATE LIMITED
607/608 Marathon Icon, Opp.
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]
Website: www.vivro.net

Indel Money Debenture Trustee :

VISTRA ITCL (INDIA) LIMITED
The IL&FS Financial Center
Plot C – 22, G Block, Bandra Kurla Complex
Bandra (East), Mumbai 400 051, Maharashtra, India
Tel: +91 22 2659 3333
Email: [email protected]
Website: www.vistraitcl.com
Contact Person: Jatin Chonani

Indel Money NCD IPO Registrar :

Link Intime India Private Limited
Address: C-101, 247 Park, LBS Marg
Vikhroli (West), Mumbai 400 083
Maharashtra, India
Tel: (91 22) 4918 6200
Fax: (91 22) 4918 6195
Email: [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 FAQs:

What is Indel Money NCD?
Indel Money NCD is Security Bond.

When Indel Money NCD will open?
The Indel Money NCD is to open on 23 Sep 2021 – 18 Oct 2021.

What is the Indel Money NCD Size?
Indel Money NCD size is ₹75 Crores.

What is the issue Shelf size of Indel Money NCD?
The Fresh issue size of Indel Money NCD ₹75 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 Interest Rate?
The Indel Money NCD Interest Rate is 12.00% Annual.

Disclaimer: STOCK MARKET INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.

Indel Money NCD Bonds 2021 Issue Date, Rating & Interest Rates
0Shares
error: Content is protected !!