NCD News of Indel Money NCD June 2023

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 ₹100.00 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 June 2023 is rated BBB +/Stable rating by Crisil Ratings Limited..

The issue opens on Jun 6, 2023 and closes for subscription on Jun 19, 2023. The shares of the company to be list at BSE.

The public issue of Indel Money Limited opens on Jun 6, 2023 and closes for subscription on Jun 19, 2023.

The Indel Money NCD June 2023 are proposed to list at BSE.

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