Rating
The rating of an issuer company reflects its past growth and performance. The rating increases when the company consistently performs well and decreases when it is not performing well.
The rating agency for this Bond is IND-RA.
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₹988.89Indel Money Ltd. Aug '28
YTM
10.60%Tenure left
21 monthsInterest payout
MonthlyPrincipal payout
BulletBond details
Minimum investment₹988.89
Date of maturity24 Aug 2028
ISININE0BUS07CR5
Bond typeSenior Secured
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About
Indel Money Limited is a financial services entity headquartered at Indel House in Ernakulam, Kerala, operating under the leadership of CEO Mr. Umesh Mohanan. The company raises capital through bank loan facilities and non-convertible debentures (NCDs), which fall under the regulatory purview of the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI), and the Ministry of Corporate Affairs (MCA). The company's debt instruments and borrowing programs are evaluated and rated by India Ratings and Research (Ind-Ra).;
Pros and Cons
Pros
Cons
India Ratings and Research affirmed the 'IND A-/Stable' investment-grade rating for the company's INR 12,500 million non-convertible debenture program and INR 1,000 million bank loan facilities.
The company expanded its credit profile by securing an additional INR 1,100 million in bank loan facilities, which received a newly assigned 'IND A-/Stable' rating.
The entity maintains a diversified lender base for its term loans, sourcing funds from institutions such as Aditya Birla Capital Limited, Axis Finance Limited, Canara Bank, and multiple small finance banks.
The 'Stable' outlook reflects the rating agency's expectation of ongoing credit stability across debt instruments with maturity dates extending up to June 2032.
The company retains substantial unutilized borrowing headroom, consisting of INR 7,000 million in unissued NCD capacity and INR 51.10 million in unutilized bank loan facilities.
Other details
Clean price₹989.67
Dirty price₹988.89
Current yield10.60%
Security cover--
Issue size479.00Cr
Original bond tenure24 months
TrusteeBeacon Trusteeship Ltd.
Mode of issueNCD
Listed onNSE
Listing date24 Aug 2026
Coupon rate9.50%
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