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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Indel Money Ltd. Aug '29
₹982.68YTM
11.05%Tenure left
35 monthsInterest payout
MonthlyPrincipal payout
BulletBond details
Minimum investment₹982.68
Date of maturity24 Aug 2029
ISININE0BUS07CS3
Bond typeSenior Secured
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About
Indel Money Limited (IML) is a financial services company headquartered at Indel House, Changampuzha Nagar, South Kalamassery, Ernakulam, Kerala, led by Chief Executive Officer Mr. Umesh Mohanan. The company secures debt capital through bank term loans and Non-Convertible Debentures (NCDs). Its debt instruments and borrowing programs are evaluated by India Ratings and Research (Ind-Ra) and fall under the regulatory purviews of the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI), and the Ministry of Corporate Affairs (MCA).;
Pros and Cons
Pros
Cons
India Ratings and Research affirmed an investment-grade rating of 'IND A-/Stable' for the company's INR 12,500 million NCD program and INR 1,000 million bank loan facilities.
The company successfully expanded its credit facilities by securing an additional INR 1,100 million bank loan facility rated 'IND A-/Stable'.
IML maintains a broad network of lending partners, securing term loans from public sector banks, small finance banks, and financial institutions including Canara Bank, Aditya Birla Capital, Axis Finance, Utkarsh Small Finance Bank, City Union Bank, Suryoday Small Finance Bank, and Paul Merchants Finance.
The company retains substantial unutilized borrowing capacity, including INR 7,000 million in unissued NCD limits and INR 51.10 million in unutilized bank lines.
The assigned 'Stable' outlook reflects expected credit stability across debt maturities extending up to 2032.
Other details
Clean price₹986.52
Dirty price₹982.68
Current yield11.05%
Security cover--
Issue size124.51Cr
Original bond tenure45 months
TrusteeBeacon Trusteeship Ltd.
Mode of issueNCD
Listed onNSE
Listing date30 Oct 2025
Coupon rate10.00%
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