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The principal amount of the NCDs to be issued in terms of this Prospectus together with all interest due on the NCDs, as well as all costs, charges, all fees, remuneration of Debenture Trustee and expenses payable in respect thereof shall be secured by way of first ranking pari passu charge with Existing Secured Creditors, on current assets, including book debts, receivables, loans and advances and cash & bank balances (excluding reserves created in accordance with law and exclusive charge created in favour of secured charge holders in terms of their respective loan agreements/documents), both present and future of the Company. The security for the NCDs will be created before the Issue proceeds are transferred into the designated public issue account in connection with the issue and before filing listing application for the NCDs. The tentative date of creation of the security for the NCDs shall be finalised upon execution of the Debenture Trust Deed. |
| Issue Details |
| Issue Open |
21-Oct-2024-04-Nov-2024 |
| Security Name |
INDEL MONEY LIMITED |
| Security Type |
Secured Redeemable Non-Convertible Debentures |
| Issue Size (Base) .Cr |
75 |
| Over subscription |
An Option To Retain Oversubscription Up To Rs. 75 Crores Aggregating To Rs. 150 Crores. |
| Issue Price |
1000 |
| Face Value |
1000 |
| Market Lot |
1 |
| Credit Rating |
CRISIL BBB+/Stable by CRISIL. |
| Tenor |
366 days,18 Months,30 months,60 months,66 months |
| Series |
Series1,Series2,Series3,Series4,Series5,Series6,Series7 |
| Payment Frequency |
Monthly,At the End |
| Objects of the Issue: |
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PUBLIC ISSUE BY OUR COMPANY OF SECURED, REDEEMABLE, NON-CONVERTIBLE DEBENTURES OF FACE VALUE OF RS. 1000 EACH, ("NCDS") AT PAR, AGGREGATING UP TO RS. 75 CRORE, HEREINAFTER REFERRED TO AS THE "BASE ISSUE" WITH AN OPTION TO RETAIN OVER-SUBSCRIPTION UP TO RS. 75 CRORE AGGREGATING UP TO RS. 150 CRORE. |
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| Company Promoters |
| Indel Corporation Private Limited |
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| Lead Managers |
| 1. Vivro Financial Services Pvt Ltd |
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| Registrar to the Issue |
| 1. LINK INTIME INDIA PRIVATE LIMITED |
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