Bond Directory / INDEL MONEY LIMITED

INDEL MONEY LIMITED

ACTIVE

SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES OPTION II. LETTER OF ALLOTMENT. DATE OF MATURITY 28/06/2023.

ISIN

INE0BUS07528

Copied

Essentials

Coupon Rate (Returns)

-

Rating

BBB+  Acuite Ratings And Research Limited

Interest Payment Frequency

-

-

Maturity after

-1 years -5 months

Jun 28, 2023

Face Value

₹1,000

Coupon Type

-

Can be returned to Issuer?

No

Put option exercised at

Data Not Available

Issue Details

Issue Size

2.01 Crores

Issue Price

₹995

Security class

Debentures

Listing details

Not listed

Debenture Trustee

Vistra ITCL (India) Limited

Issue

Public Issue

Issuer Details

INDEL MONEY LIMITED

Business Sector

165

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

Factors

Issue Size

Small

Rating Category*

BBB

Tax Saving

No

Mode of Issuance

Public Issue

*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.

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

4

-

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

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Want to know more?

Download Issue Documents (Information Memorandum / Termsheet)

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