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Indel Money June NCD 2023- Details

NCD Status: Closed [6th Jun 2023 to 19th Jun 2023]

Rated 3/5 by Team InvestorGain
Indel Money June NCD Detail

Indel Money Limited issues secured and Redeemable NCD comprises Base issue size worth of Rs 50.00 Cr and Shelf issue size of worth Rs 100.00 Cr. The subscription is opening from 06 Jun 2023 to 19 Jun 2023. The company issues series I to VII at an issue price of Rs. 1000 per NCD. One can subscribe to the NCD with a minimum ticket size of Rs. 10,000 (10 NCDs) . The face value of each NCD is Rs 1000. The NCD tenor is 400 days, 24, 61 and 72 months with a coupon rate ranging from 9.00% - 12.25% per annum.

Check more about the Indel Money Limited including credit rating, Coupon rates for each series, the basis of allotment, payment frequency, and more.

Indel Money June NCD Details

NCD Opening Date: 6th Jun 2023
NCD Closing Date: 19th Jun 2023
NCD Type: Secured NCD
Issue Size (Base): ₹50.00Cr
Issue Size (Shelf): ₹100.00Cr
Face Value: Rs 1000 each NCD
Issue Price: Rs 1000 per NCD
Market Lot: 1 NCD
Min Order Qty: 10 NCD
Min Order Amount: Rs 10000
Listing at: BSE
Tenor: 400 days, 24, 61, and 72 months.
Rating: BBB +/Stable rating by Crisil Ratings Limited.
Series: Series I to VII
Payment Frequency: Monthly and Cumulative
Basis of Allotment:
Interest on return:
  1. The Pioneer Discount Broker
  2. Get 100% Free Delivery Trading
  3. Free Direct Mutual Funds & SIP

NCD Important Dates

Action Dates
NCD Activity Date
NCD Issue Open 6th Jun 2023
NCD Issue Close 19th Jun 2023
BSE Code: 3030
BSE Script Symbol: IMLIII

* - Tentative Dates

Offer Details

Category Name NCD's Reserved NCD's Allocated
Institutional 50000 10%
Non-Institutional 200000 40%
Retail 250000 50%

About Company - Indel Money June

Indel Money Limited was established in the year 1986. Indel Money Limited is a non-deposit-taking financial institution and a systemic non-banking financial company ("NBFC") in the gold loan business, lending money against pledges of household gold jewellery ("Gold Loans") in the states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Odisha, Maharashtra and Telangana and the Union Territory of Puducherry. They also offer loans for real estate, business loans, and personal loans.

Indel Money is part of the Indel Group, which was founded by the late Palliyil Janardhanan Nair. The Indel Group started its operations in the regulated financial services business in a small village in Palakkad, Kerala, with a licence from the state government for money lenders. Over the years, the group has expanded its presence from a financial services company to an auto dealership, hospitality, infrastructure development, media, communications and entertainment.

The company is one of the few gold lending companies that has established a long-term, two-year gold lending programme to meet its customers' cash and liquidity needs. The company focuses on quick approval and disbursement of loans on the spot with minimal formalities that its customers need to complete in order to get a loan from us. The company has developed various gold loan programmes to meet the different needs of its customers. In order to offer differentiated services during the Covid-19 pandemic and to address the dilemma of customers who need a loan but cannot visit a branch, the company has introduced the 'Doorstep Gold Loan' system.

Indel Money Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-21501.9994.668.75
31-Mar-22736.55123.002.11
Amount in ₹ Crore

Indel Money June NCD Objective

The Company proposes to utilize the funds towards funding the following objects:

  1. For the purpose of onward lending, financing, and for repayment/prepayment of principal and interest on borrowings of the Company
  2. General corporate purposes.

Indel Money Limited NCD Coupon Rates

#Series 1Series 2Series 3Series 4Series 5Series 6Series 7
Frequency of Interest PaymentMonthlyCumulativeMonthlyCumulativeMonthlyCumulativeCumulative
NatureSecuredSecuredSecuredSecuredSecuredSecuredSecured
Tenor400 Days400 Days24 Months24 Months61 Months61 Months72 Months
Coupon (% per Annum)9.00%NA10.50%NA11.50%NANA
Effective Yield (% per Annum)9.38%9.00%11.02%10.75%12.13%11.50%12.25%
Amount on Maturity (In Rs.)Rs 1,000.00Rs 1,098.75Rs 1,000.00Rs 1,226.56Rs 1,000.00Rs 1,738.67Rs 2,000.41

Indel Money June NCD Promoters

Indel Money June NCD Rating Details

The company has received a rating of BBB +/Stable (pronounced as CRISIL triple B plus rating with Stable outlook) by Crisil Ratings Limited for the NCDs proposed to be issued pursuant to this Issue.

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Indel Money June NCD Imporatant Links

  • Indel Money June NCD DRHP >>Document
  • Indel Money June NCD RHP >>Document
  • Indel Money June NCD DRHP Shelf >>Indel Money June NCD Draft Prospectus Shelf is not yet available.
  • Indel Money June NCD RHP Shelf >>Indel Money June NCD Red Herring Prospectus Shelf is not yet available.
  • Indel Money June NCD Allotment Status >>Indel Money June NCD Allotment is not declared yet, we will provide the link for status once allotment is out.

Company Address

Indel Money Limited
Office No.301, Floor No.3,
Sai Arcade N.S Road,Mulund West, Mumbai,Maharashtra-400 080
India
Website: http://www.indelmoney.com/
Phone: +91 484 293 3989
Email: [email protected]

Indel Money June NCD Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Phone: +91-22-4918 6270
Email: [email protected]

Indel Money June NCD Lead Manager

  1. Vivro Financial Services Private Limited
Indel Money June NCD Important dates - Issue Open Date, close Date, NCD Listing Date. NCD Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, NCD Listing date. What is the issue open date and close date for Indel Money June? Should I apply in Indel Money June NCD?

Last Updated on 2023-06-22T03:30:20+00:00


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