Indel Money NCD May 2022 description – The company is 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 jewellery (Gold Loans) in the states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh and Telangana and the union territory of Puducherry. The company also provides loans against property, business loans and personal loans.
Its Gold Loan portfolio as on 31 March 2022, 31 March 2021 and 31 March 2020 amounted to INR422.75 crore, INR309.97 crore and INR295.89 crore which is 80.51%, 77.72% and 87.99% of its total loans and advances as on such specific dates. As on 31 March 2022, the company had a network of 205 branches spread in the states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Odisha and Telangana and the union territory of Puducherry.
The 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. Its Gold Loan customers are individuals primarily from rural and semi-urban areas. The company is one of the few gold loan companies which has launched a long term 2-year gold loan scheme. The scheme accounted for 13.34% of the gold loan portfolio of the company for FY2022.
Promoters of Indel Money – Indel Corporation Private Limited
Indel Money NCD May 2022 Details
| Subscription Dates | 27 May – 22 June 2022 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures |
| Face Value | INR1,000 per NCD |
| Issue Price | INR1,000 per NCD |
| Issue Size (Base) | INR50 crore |
| Overall Issue Size (including oversubscription) | INR100 crore |
| Minimum Lot size | 10 NCDs |
| Market Lot | 1 NCD |
| Tenor | 366 days 18 months 24 months 61 months 77 months |
| Credit Rating | Acuite BBB+/Stable |
| Category Reservation | Category 1 (QIB): 10% Category 2 (NII): 40% Category 3 (Retail): 50% |
| Basis of Allotment | First Come First Serve |
| Listing On | BSE |
Indel Money NCD 2022 – Options and Coupon Rates
| Option | Tenure | Interest Payment | Coupon Rate | Effective Yield | Maturity Amount |
| Series 1 | 366 days | Monthly | 9.00% | 9.38% | INR1,000 |
| Series 2 | 366 days | Cumulative | NA | 9.00% | INR1,090 |
| Series 3 | 18 months | Monthly | 9.50% | 9.92% | INR1,000 |
| Series 4 | 18 months | Cumulative | NA | 9.75% | INR1,149.76 |
| Series 5 | 24 months | Monthly | 10.55% | 11.08% | INR1,000 |
| Series 6 | 24 months | Cumulative | NA | 10.75% | INR1,226.56 |
| Series 7 | 61 months | Monthly | 11.00% | 11.57% | INR1,000 |
| Series 8 | 77 months | Cumulative | NA | 11.50% | INR2,010.70 |
Indel Money Non Convertible Debentures Registrar
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone:Â +91 22 4918 6200Â
Email: [email protected]
Website:Â www.linkintime.co.in
Indel Money NCD Documents
Indel Money Contact Details
Indel Money Limited
Indel House, Changampuzha Nagar,
South Kalamassery,
Ernakulam 682 0335, Kerala
Phone: +91 484 293 3988
Email: [email protected]
Website: www.indelmoney.com
Indel Money NCD 2022 Subscription Status (no. of times)
| Dates | Category 1 (QIB) | Category 2 (NII) | Category 3 (Retail) | Total |
| 22 June 2022 | 0.00 | 1.66 | 2.11 | 1.72 |
| 21 June 2022 | 0.00 | 1.59 | 2.01 | 1.64 |
| 20 June 2022 | 0.00 | 1.54 | 1.86 | 1.55 |
| 17 June 2022 | 0.00 | 1.36 | 1.64 | 1.37 |
| 16 June 2022 | 0.00 | 1.31 | 1.55 | 1.30 |
| 15 June 2022 | 0.00 | 1.25 | 1.46 | 1.23 |
| 14 June 2022 | 0.00 | 1.21 | 1.39 | 1.18 |
| 13 June 2022 | 0.00 | 1.03 | 1.31 | 1.07 |
| 10 June 2022 | 0.00 | 0.93 | 1.17 | 0.96 |
| 9 June 2022 | 0.00 | 0.88 | 1.06 | 0.88 |
| 8 June 2022 | 0.00 | 0.75 | 0.95 | 0.77 |
| 7 June 2022 | 0.00 | 0.69 | 0.83 | 0.73 |
| 6 June 2022 | 0.00 | 0.65 | 0.79 | 0.66 |
| 3 June 2022 | 0.00 | 0.54 | 0.63 | 0.53 |
| 2 June 2022 | 0.00 | 0.49 | 0.58 | 0.49 |
| 1 June 2022 | 0.00 | 0.41 | 0.49 | 0.41 |
| 31 May 2022 | 0.00 | 0.35 | 0.46 | 0.36 |
| 30 May 2022 | 0.00 | 0.29 | 0.34 | 0.28 |
| 27 May 2022 | 0.00 | 0.19 | 0.19 | 0.17 |
Indel Money NCD 2022 Allotment Status
Indel Money NCD 2022 allotment status will be updated at the website of Link Intime India Private Limited website. Click on this link to get allotment status.
Indel Money NCD 2022 FAQs
What is the face value and lot size of Indel Money NCD 2022?
The NCDs will be issued at a face value of INR1,000 each NCD and the minimum lot size is 10 NCDs.
What is the frequency of interest payment in Indel Money NCD 2022?
The frequency of payment for Indel Money NCD is Monthly and Cumulative.
What is basis of allotment in Indel Money NCD 2022 offer?
Indel Money NCDs will be allotted on a First Come First Serve Basis.
