NCD News of Indel Money NCD May 2022

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 ₹50.00 Crores ('Base Issue Size') with an option to retain oversubscription up to ₹50.00 Crores.

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 May 2022 is rated Acuite BBB+/Stable by Acuite Ratings & Research Limited.

The issue opens on May 27, 2022 and closes for subscription on Jun 22, 2022. The shares of the company to be list at BSE.

The public issue of Indel Money Limited opens on May 27, 2022 and closes for subscription on Jun 22, 2022.

The Indel Money NCD May 2022 are proposed to list at BSE.

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