12.25% Indel Money Limited 2032 NCD 2026

NCD · Rated IND A- / Stable (India Ratings) & IVR A- / Stable (Infomerics) · BSE

Type

SECONDARY

Coupon

12.25%

Offered YTM

13.50%

Maturity

4.0Y

Min Invest

₹10,000,000

Secondary Market Offer

Offer Price

98000.00% of FV ₹98,000,000 per ₹100,000 bond

Offered YTM

13.50% p.a.

Seniority

Subordinated

Listed On

BSE

Price quoted as of 08 Jun 2026

Available Series / Options

Series	Tenor	Rate % p.a.	Payment	Min Invest	Eff. Yield
2032	48M (4.0Y)	12.250%	monthly	₹10,000,000	13.500%

Issue Details

Put Option

Nil

Call Option

Nil

About This Issue

About Indel Money Limited * RBI-registered NBFC with over 35 years of operating history * One of the leading gold loan-focused NBFCs in India with 95% secured book * 367 branches across 15 states and UTs with 2,000+ employees * Loan book primarily backed by gold loans (~94% of portfolio) * Strong presence in Tier-II and Tier-III markets with a granular retail lending model Strong Promoter Support * Promoters have infused ₹363 crore equity since FY22 * Net worth increased to ₹622 crore as of Mar'26 from ₹319 crore in FY25 * Strong track record of promoter support and capital infusion Institutional Validation * Funding relationships with SBI, IDFC First Bank, Karur Vysya Bank, Dhanlaxmi Bank, Bajaj Finance, Poonawalla Fincorp, and several other institutions * Received ₹100 crore debt funding each from HDFC Mutual Fund (Mar'25) and Kotak Credit Opportunities Fund (Jan'26), reflecting strong confidence from reputed institutional investors. * Institutional NCD placements of over ₹1,300 crore completed during FY26 * Strong access to diversified funding sources, including Banks, Co-Lending, DA/PTC, and Capital Markets Investor Comforts * Entire portfolio predominantly secured by gold collateral * Strong promoter commitment demonstrated through regular equity infusion

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Tax on NCD Interest

Interest income from these bonds is taxable at the investor's applicable marginal tax rate. A TDS of 10% will be deducted from the interest paid.

Who Should Consider This NCD

Investors seeking regular monthly fixed income that offers higher yields than bank fixed deposits, and who are willing to take on moderate credit risk, may consider investing in this issue.