Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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| Issue Open | May 27, 2022 |
| Issue Close | June 22, 2022 |
| Issue Size (Base) | ₹50.00 Crores |
| Issue Size (Shelf) | ₹50.00 Crores |
| Issue Price | ₹1000 per NCD |
| Listing At | BSE |
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.
| Bid/Offer Opens On | May 27, 2022 |
| Bid/Offer Closes On | June 22, 2022 |
| Record Date | |
| Deemed Date of Allotment |
Coupon Rates
| Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | |
|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Cumulative | Monthly | Cumulative | Monthly | Cumulative | Monthly | Cumulative |
| Nature | Secured | |||||||
| Tenor | 366 days | 366 days | 18 months | 18 months | 24 months | 24 months | 61 months | 77 months |
| Coupon Rate (Retail) | 9.00% | NA | 9.50% | NA | 10.55% | NA | 11.00% | NA |
| Effective Yield (% per Annum) | 9.38% | 9.00% | 9.92% | 9.75% | 11.08% | 10.75% | 11.57% | 11.50% |
| Amount on Maturity | 1,000.00 | 1,090.00 | 1,000.00 | 1,149.76 | 1,000.00 | 1,226.56 | 1,000.00 | 2,010.70 |
Note that the Shelf issue is an option to retain oversubscription up to shelf issue size over and above the base issue.
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.
The issue has been rated Acuite BBB+/Stable by Acuite Ratings & Research Limited. Instruments with this rating are considered to have a moderate degree of safety and moderate credit risk.
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