Last updated on June 20, 2023
Indel Money NCD June 2023 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, Odisha, Maharashtra, and Telangana and the union territory of Puducherry. The company also provides loans against property, business loans, and personal loans.
Its Gold Loan portfolio for nine months ended 31 December 2022, 31 March 2022, 31 March 2021, and 31 March 2020 amounted to INR 546.80 crore, INR 421.36 crore, INR 309.94 crore, and INR 295.89 crore which is 80.62%, 80.46%, 77.71% and 87.99% of its total loans and advances as on such specific dates. As on 31 March 2023, the company had a network of 245 branches spread in the states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Odisha, Maharashtra, 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 0.02% of the gold loan portfolio of the company for FY 2023.
Promoters of Indel Money – Indel Corporation Private Limited
Indel Money NCD June 2023 Details
| Subscription Dates | 6 – 19 June 2023 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Face Value | INR 1,000 per NCD |
| Issue Price | INR 1,000 per NCD |
| Issue Size (Base) | INR 50 crores |
| Overall Issue Size (including oversubscription) | INR 100 crores |
| Minimum Lot Size | 10 NCDs |
| Market Lot | 1 NCD |
| Tenor | 400 Days 24 months 61 months 72 months |
| Credit Rating | CRISIL 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 SME |
Indel Money NCD June 2023 – Options and Coupon Rates
| Option | Tenure | Interest Payment | Coupon Rate | Effective Yield | Maturity Amount |
| Series 1 | 400 Days | Monthly | 9.00% | 9.38% | INR 1,000 |
| Series 2 | 400 Days | Cumulative | NA | 9.00% | INR 1,098.75 |
| Series 3 | 24 months | Monthly | 10.50% | 11.02% | INR 1,000 |
| Series 4 | 24 months | Cumulative | NA | 10.75% | INR 1,226.56 |
| Series 5 | 61 months | Monthly | 11.50% | 12.13% | INR 1,000 |
| Series 6 | 61 months | Cumulative | NA | 11.50% | INR 1,738.67 |
| Series 7 | 72 months | Cumulative | NA | 12.25% | INR 2,000.41 |
Indel Money Non Convertible Debentures Lead Manager
VIVRO FINANCIAL SERVICES PRIVATE LIMITED
607/608 Marathon Icon,
Opp. Peninsula Corporate Park Off. Ganpatrao Kadam Marg,
Veer Santaji Lane, Lower Parel Mumbai 400 013, Maharashtra, India
Phone: +91 22 6666 8040
Email: [email protected]
Website: www.vivro.net
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 + 91 810 811 4949Â
Email:Â [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:Â [email protected]
Website: www.indelmoney.com
Indel Money NCD June 2023 Subscription Status (no. of times)
| Date | QIB | NII | Retail | Total |
| 19 Jun 2023 | 0.00 | 1.63 | 2.49 | 1.89 |
| 16 Jun 2023 | 0.00 | 1.47 | 2.31 | 1.61 |
| 15 Jun 2023 | 0.00 | 1.36 | 2.02 | 1.54 |
| 14 Jun 2023 | 0.00 | 1.22 | 1.86 | 1.42 |
| 13 Jun 2023 | 0.00 | 1.17 | 1.70 | 1.32 |
| 12 Jun 2023 | 0.00 | 1.11 | 1.56 | 1.22 |
| 9 Jun 2023 | 0.00 | 0.95 | 1.28 | 1.02 |
| 8 Jun 2023 | 0.00 | 0.92 | 1.14 | 0.94 |
| 7 Jun 2023 | 0.00 | 0.79 | 0.99 | 0.81 |
| 6 Jun 2023 | 0.00 | 0.72 | 0.74 | 0.66 |
Indel Money NCD June 2023 Allotment Status
Indel Money NCD June 2023 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 June 2023 FAQs
What is the face value and lot size of Indel Money NCD June 2023?
The NCDs will be issued at a face value of INR 1,000 each NCD and the minimum lot size is 10 NCDs.
What is the frequency of interest payment in Indel Money NCD June 2023?
The frequency of payment for Muthoot Fincorp NCD is Monthly, & Cumulative.
What is basis of allotment in Indel Money NCD June 2023 offer?
Indel Money NCDs will be allotted on a First Come First Serve Basis.
