NCD News of Indel Money NCD January 2024

Indel Money Limited is coming up with Public Issue of Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) of the face value of ₹ 1000 each, for an amount of ₹100.00 Crores ('Base Issue Size') " with an option to retain oversubscription up to ₹[.] Crores.

Incorporated in 1986, Indel Money Limited is a non-deposit-taking non-banking finance company (NBFC) registered with RBI. The company deals in the gold loan sector, lending money against the pledge of household gold jewelry. The company also provides loans against property, business loans, and personal loans.

Allotment of the NCD's will be done on First Come First Serve Basis.

Indel Money NCD January 2024 is rated CRISIL BBB+/Stable by by CRISIL Ratings Limited.

The issue opens on Jan 30, 2024 and closes for subscription on Feb 12, 2024. The shares of the company to be list at BSE.

The public issue of Indel Money Limited opens on Jan 30, 2024 and closes for subscription on Feb 12, 2024.

The Indel Money NCD January 2024 are proposed to list at BSE.

Allotment of the NCD's will be done on First Come First Serve Basis.