Indel Money Limited NCD Issue – Key Details & Insights

Table of Contents

Indel Money Limited – A Non-Banking Finance Company (NBFC) having a focus on gold loans, as well as diversified lending and financial services.

Issuer:

Non-Convertible Debentures (NCDs) – providing fixed income with different tenures and pay-out modes.

Instrument:

Non-Convertible Debentures (NCDs) – providing fixed income with different tenures and pay-out modes.

CRISIL Ratings:

CRISIL BBB+/Stable’ – reflects moderate credit risk, reaffirmed by CRISIL on account of stable business operations and capitalization levels.

Issue Size:

Public issue of Secured NCDs aggregating up to ₹300 crore, issued to meet business expansion and repayment of debt.

Coupon Rates / Yields:

Minimum Investment:

₹10,000 (10 NCDs of ₹1,000 each). Appropriate for retail investors looking for fixed income.

Important Considerations Before Investing

Rating of BBB+/Stable indicates moderate safety — investors have to gauge their risk tolerance before investing.

The company’s high exposure to gold loan finance could have concentration and asset quality risks, particularly during gold price fluctuations.

NCDs are traded on the exchanges, but secondary market liquidity may be restricted, affecting exits early on.

Tenures and interest rates vary across series — investors must pick one depending on their money needs and financial objectives.

NCD issue proceeds will be utilized towards:

This helps ensure the company is able to expand while remaining financially healthy.

Secured Bonds: Asset-backed, ensuring safety of capital
Moderate Risk: Ideal for conservative-to-moderate investors wanting steady returns: Up to 13.44% p.a.
Flexible Options: Several tenures and interest pay modes
Moderate Risk: Ideal for conservative-to-moderate investors wanting steady returns