Indel Money NCD September 2021 – Issue Date, Review & Interest Rates
About Indel Money
Indel Money is a non-deposit taking and a non-systemically important non-banking finance company (“NBFC”) in in the gold loan sector lending money against the pledge of household gold jewellery (“Gold Loans”) in the states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh and Telangana and the union territory of Puducherry.
Indel Money also provide loans against property, business loans and personal loans. As on 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.
The company is registered with RBI as a non-deposit taking, NBFC (registration no. B-13.01564 dated February 13, 2002) under Section 45 IA of the Reserve Bank of India Act, 1934. Further, the company has applied to RBI on August 30, 2021 for change the name in RBI license from ‘Indel Money Private Limited’ to ‘Indel Money Limited’ consequent upon its conversion as a public limited company and receipt of revised certificate of incorporation from RoC, dated August 26, 2021.
Indel Money NCD September 2021 Details
|Issue Size||Secured NCDs and Unsecured NCDs by our Company aggregating up to Rs.7,500 lakhs, with an option to retain over-subscription up to Rs.7,500 lakhs, aggregating up to Rs.15,000 lakhs; Base Issue Size being Rs7,500 lakhs|
|NCD Issue Open||23-Sep-21|
|NCD Issue Close||18-Oct-21|
|Security Type||Secured and Unsecured Redeemable Non-Convertible Debentures|
|Price Band||Rs 1000 per NCD|
|Face Value||Rs 1000 each NCD|
|Minimum Lot size||10 Bonds (Rs.10,000)|
|Credit Rating||‘CRISIL BBB/Stable’: Outlook ‘Stable’ (Triple B; Outlook: Stable) by CRISIL Ratings Limited|
|Payment Frequency||Monthly, Annual|
|Basis of Allotment||First Come First Serve Basis|
Terms of the NCDs
Objects of the Issue
- For the purpose of onward lending, financing, and for repayment/prepayment of principal and interest on borrowings of the Company; and
- General corporate purposes.
Indel Money NCD September 2021 – Documents
Indel Money NCD September 2021 Lead Managers
- Vivro Financial Services Pvt Ltd
Indel Money NCD September 2021 Registrar
Indel Money NCD September 2021 – FAQs
When is the Indel Money NCD September 2021 issue open date?
The Indel Money NCD September 2021 issue open date is on 23 September, 2021
When is the Indel Money NCD September 2021 issue close date?
The Indel Money NCD issue close date is on 18 October 2021
What is the price for one NCD for Indel Money NCD September 2021 issue?
The price band is Rs 1000 per NCD and the minimum lot size is 10 Bonds (Rs. 10,000)
How to Apply Indel Money September 2021 issue?
Apply from your demat account, if you don’t have the Demat Account, click here to open the Demat Account.
You can apply via downloading the form from the official website and filling up all the details with the cheque of said amount. You can submit it to the collection centers.
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