Indel Money is an NBFC-ML within the gold mortgage sector lending cash in opposition to the pledge of family gold jewellery (“Gold Loans”) within the states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Odisha, Maharashtra and Telangana and the union territory of Puducherry. They additionally supply loans in opposition to assets, industry loans, and private loans. Their Gold Loan portfolio(aside from off-stability sheet property)for the part yr ended September 30, 2023, and Fiscal 2023, 2022, and 2021 amounted to ₹67,132.98 lakhs, ₹50,635.60 lakhs, ₹42,135.99 lakhs and ₹30,994.35 lakhs which is 82.13%, 78.18%, 80.46p.cand 77.71p.cof our general loans and advances (aside from off-stability sheet property) as on such explicit dates. , as of September 30, 2023, had a community of 250 branches unfold within the states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Odisha, Maharashtra, and Telangana and the union territory of Puducherry.
Indel Money NCD January 2024 Details
| NCD Issue Open | January 30, 2024 |
| NCD Issue Close | February 12, 2024 |
| NCD Issue Size | Base: 100 Cr. | Overall: 200 Cr. |
| Price Band | ₹1000 in keeping with NCD |
| Interest Rate | Up to 12.25% ** (Annually) |
| Minimum Investment | 10 Bonds (₹10,000) |
| Listing on | BSE Platform |
| Credit Rating | CRISIL BBB+/Stable by means of CRISIL Ratings Limited |
| Tenor | three hundred and sixty six days, 24, 36, 60 and 72 Months |
| Basis of Allotment | First Come First Serve Basis |
| DRHP Document | Click Here |
| RHP Document | Click Here |
- Indel Corporation Private Limited
How to Apply Indel Money NCD January 2024 Issue?
You can practice out of your current Demat account on-line and offline. You can practice by means of downloading the shape from the reliable web site and filling up the entire main points with the cheque for the mentioned quantity. You can post it to the gathering facilities.
Indel Money NCD Review
Indel Money NCD January 2024 Tenure & Interest Rates
| Opt | Tenure | Payment | Coupon | Eff. Yield |
| 1 | 366 Days | Monthly | 9.00% | 9.38% |
| 2 | 366 Days | Cumu. | NA | 9.00% |
| 3 | 24 Months | Monthly | 9.75% | 10.20% |
| 4 | 24 Months | Cumu. | NA | 9.75% |
| 5 | 36 Months | Monthly | 10.75% | 11.30% |
| 6 | 36 Months | Cumu. | NA | 10.75% |
| 7 | 60 Months | Monthly | 11.50% | 12.13% |
| 8 | 72 Months | Cumu. | NA | 12.25% |
Indel Money NCD Allocation Ratio
| Category | Allocation |
| Institutional | 10% |
| Non-Institutional | 40% |
| Retail | 50% |
| Category 4 | 0% |
Indel Money NCD January 2024 Lead Manager
- Vivro Financial Services Private Limited
Indel Money NCD January 2024 Allotment Status
- Indel Money NCD factor allotment is to be had on LinkIntime.
Indel Money NCD January 2024 Registrar
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: [email protected]
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: [email protected]
Website: http://www.indelmoney.com/
Indel Money NCD January 2024 FAQs:
When is Indel Money NCD Open?
Indel Money NCD is to open on January 30 and shut on February 12, 2024.
What is Indel Money NCD Price?
What is Indel Money NCD Issue Size?
On Which platform the Indel Money NCD will record?
How to use for Indel Money NCD?
You can practice out of your current Demat account on-line and offline.
– Source : IPOWATCH