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.
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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
| Agency | Rating |
| Credit Rating | BBB/ Stable |
Indel Money NCD Bonds Issue Details
| Issue Open | 23 September 2021 |
| Issue Close | 18 October 2021 |
| Issue Base Size | ₹75 Cr. |
| Issue Shelf Size | ₹75 Cr. |
| Price Band | ₹1000 Per NCD |
| Face Value | ₹1000 Each NCD |
| Interest Rate | 12.00% Annual |
| Listing on | BSE Platform |
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. | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Unsecured | Unsecured | Unsecured |
| Tenure | 366 day | – | 18 Month | _ | 36 Month | – | – | 54 Month | 61 Month | – | 71 Month |
| Payment | Monthly | Cumulative | Monthly | Cumulative | Monthly | Annual | Cumulative | Monthly | Monthly | Annual | Cumulative |
| Coupon | 9.25% | N/A | 10.50% | N/A | 10.75% | 10.75% | N/A | 11.00% | 12.00% | 12.00% | N/A |
| E.Yield | 9.65% | 9.25% | 11.02% | 10.72% | 11.30% | 10.75% | 10.82% | 11.57% | 12.68% | 12.00% | 12.43% |
| Maturity | 1000 | 1092.75 | 1000 | 1165 | 1000 | 1000 | 1361 | 1000 | 1000 | 1000 | 2000 |
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.
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.
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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
| Name | Designation |
| Mohanan Gopalakrishnan | Managing Director |
| Umesh Mohanan | Executive Whole Time Director |
| Anantharaman Trikkur Ramachandran | Non-Executive Director |
| Salil Venu | Non-Executive Director |
| Kavitha Menon | Non-Executive Director |
| Narasinganallore Venkatesh Srinivasan | Independent Director |
| Chitethu Ramakrishna Sasikumar | Independent Director |
| Sethuraman Ganesh | Independent Director |
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.
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