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Indel Money NCD October 2024 Detail
Issue Open October 21, 2024
Issue Close November 4, 2024
Issue Size (Base) ₹75.00 Crores
Issue Size (Shelf) ₹[.] Crores
Issue Price ₹1000 per NCD
Listing At BSE

Indel Money NCD October 2024 Date & Price

The Indel Money NCD October 2024 issue opens on October 21, 2024, and closes on November 4, 2024, for the subscription.

Note that the public issue of NCD is closed early in case it is fully subscribed (base + shelf) before its issue closing day.The allotment is done on a First Come First Serve Basis.

Indel Money Limited NCD IPO dates are as below:

Indel Money NCD October 2024 Issue Timetable

Bid/Offer Opens OnOctober 21, 2024
Bid/Offer Closes OnNovember 4, 2024
Record Date
Deemed Date of Allotment

Indel Money NCD October 2024 price is set at ₹1000 per NCD.

The NCD's will be issued at a face value of ₹1000 each NCD.

The frequency of payment for Indel Money NCD October 2024 is Monthly and Cumulative.

Each application should be for a minimum of 10 NCD's and multiples of 1 NCD thereof.

Indel Money NCD October 2024 remain open for subscription on working days from 10:00 a.m. to 5:00 p.m until November 4, 2024. The bid may close earlier in case it is fully subscribed.

Indel Money Limited NCD Coupon Rates

#Series 1Series 2Series 3Series 4Series 5Series 6Series 7
Frequency of Interest PaymentMonthlyCumulativeMonthlyMonthlyCumulativeMonthlyCumulative
NatureSecuredSecuredSecuredSecuredSecuredSecuredSecured
Tenor366 Days366 Days18 Months30 Months30 Months60 Months66 Months
Coupon (% per Annum)10%NA10.5%11%NA12%NA
Effective Yield (% per Annum)10.47%10%11.02%11.57%11%12.68%13.44%
Amount on Maturity (In Rs.)Rs 1,000Rs 1,100.29Rs 1,000Rs 1,000Rs 1,298.1Rs 1,000Rs 2,000.85

The NCD's have a fixed maturity date. The date of maturity of the NCD's is 366 days, 18, 30, 60 and 66 months.

Indel Money NCD October 2024 Issue Size and Subscription Status

The Indel Money Limited NCD issue size is ₹75.00 Crores.

Sorry, The number of shares offered in Indel Money NCD October 2024 is not available at this time. Please revisit us for latest updates.

No, NRI's are not eligible to apply in this Issue.

  1. Minors without a guardian name
  2. Foreign nationals
  3. Persons resident outside India
  4. Foreign Portfolio Investors
  5. Foreign Venture Capital Investors
  6. Qualified Foreign Investors
  7. Overseas Corporate Bodies
  8. Persons ineligible to contract under applicable statutory/regulatory requirements

You could check Indel Money Limited NCD Grey Market Premium (GMP Rate) by visiting our Grey Market Price (Message Board).

Note that there is no official source of GMP Rate as they are over-the-counter transactions.

Indel Money NCD October 2024 Allotment and Listing

The NCD's are proposed to be listed on BSE.

Applicants are allocated NCD's on a First Come First Serve Basis.

The Indel Money Limited Allotment Status is not available online at this time.

The Indel Money Limited NCD listing data are not available. The date is published by the exchange a couple of days before the NCD listing.

It is hard to say at what price Indel Money NCD October 2024 NCD's will list. The price varies by the demand and supply of NCD on the day of listing.

Indel Money Limited NCD - Should I apply?

The NCDs proposed to be issued under this Issue have been rated CRISIL BBB+/Stable by CRISIL Ratings Limited. With this rating, they are considered to have a moderate degree of safety and moderate credit risk.

Sorry, we do not provide NCD recommendations. But we share a lot of information about Indel Money NCD October 2024 which could help you with questions like Indel Money NCD October 2024 buy or not? You should also read Indel Money NCD October 2024 Analysis from experts and check the daily subscription status.

It depends on many factors like company financials, segment outlook, market situation, issue pricing, the background of promoters, lead managers performance, company strengths, risks and oversubscription. You should read the prospectus document, NCD Analysis from experts and follow the subscriptions before you make the decision to apply in an NCD public Issue.

Indel Money Limited NCD listing day gains are unpredictable as depends on many factors on the day listing. It depends on factors like the demand, the market situation on the day of listing, NCD Issue size etc.

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