Bond Directory / INDEL MONEY LIMITED

INDEL MONEY LIMITED

DELETED

9.50% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES OPTION III. LETTER OF ALLOTMENT. DATE OF MATURITY 27/12/2023.

ISIN

INE0BUS07510

Copied

Essentials

Coupon Rate (Returns)

9.50

Rating

BBB+  Acuite Ratings And Research Limited

Interest Payment Frequency

MONTHLY

Twelve Times A Year

Maturity after

-1 years -6 months

Dec 27, 2023

Face Value

₹1,000

Coupon Type

Simple

Can be returned to Issuer?

No

Put option exercised at

Data Not Available

Issue Details

Issue Size

1.38 Crores

Issue Price

₹1,000

Security class

Debentures

Listing details

Not listed

Debenture Trustee

Vistra ITCL (India) Limited

Issue

Public Issue

Issuer Details

INDEL MONEY LIMITED

Business Sector

Non-Banking Financial Company (NBFC)

Issuer Nature type

Other

Issuer Ownership

Non PSU

Factors

*Rating Agency -Acuite Ratings And Research Limited

Issue Size

Small

Rating Category*

BBB

Tax Saving

No

Mode of Issuance

Public Issue

Coupon Type

Simple

Factors

Issue Size

Small

Rating Category*

BBB

Tax Saving

No

Mode of Issuance

Public Issue

Coupon Type

Simple

*Rating Agency - Acuite Ratings And Research Limited

Note: Pursuant to the provisions of Section 193 of the Income Tax Act, 1961, as amended, effective from 1st April 2023, TDS will be deducted at the rate of 10% (or such other rates as may be notified from time to time) on any interest payable on any security issued by a company other than securities issued by the Central Government or a State Government. The listing of products above: (a) should not be considered an advertisement, endorsement, or recommendation to invest. Please use your own discretion before you transact. (b) is in compliance with regulatory framework as applicable for Online Bond Platform Provider (c) at their given price or yield are subject to availability and market cut-off timings.

Know this Issuer

It's essential to understand the issuer of the bonds where you're investing your money.

Indel Money Limited

Indel Money Limited, a non-deposit-taking NBFC, was incorporated in 1986 as Payal Holdings Pvt Ltd. It was acquired by the current promoters in July 2012 and got its current name in January 2013.

Financial Performance

Particulars FY25 (₹ in cr) FY24 (₹ in cr)
PAT 44.57 39.86
AUM 2334 1534
CRAR% 20.52 22.60
REVENUE 330.52 291.13
NET WORTH 319.45 211
GNPA% 1.88 4.98
NNPA% 1.35 3.17
GEARING (times) 4.43 4.30

Experienced promoters and management team

Adequate capitalisation supported by regular capital infusion

Sound asset quality in the gold loan segment

Average, though improving, earnings profile

Geographical concentration in operations

What is my risk?

Each bond is regularly evaluated by multiple reputed rating agencies

Credit Rating

Credit Rating

BBB+

(Jun 30, 2022)

Instruments with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such instruments carry moderate credit risk.

Credit Outlook

Stable

A Stable outlook indicates that the Rating is likely to remain unchanged

Rating Watch

No Watch

-

Repayment Priority

Higher the level, higher the priority of investment repayment on default

Senior

Security with Collateral?

An investment secured with collateral helps

SECURED

UNSECURED

Type of Guarantee

Guarantee of investment by third-party if company defaults

GUARANTEED

NON GUARANTEED

PARTIAL GUARANTEED

gurantee icon

Want to know more?

Download Issue Documents (Information Memorandum / Termsheet)

What other details I need to know?

Other Important bond related information that can help you with decision making

How do I buy this bond?

You can follow the steps mentioned to complete your Purchase.

How do I buy this bond?

You can follow the steps mentioned to complete your Purchase.