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The principal amount of the NCDs to be issued in terms of the Prospectus together with all interest due and payable on the NCDs, shall be secured by way of first ranking pari-passu charge 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 such that a security cover of at least 100% of the outstanding principal amounts and interest thereon in respect of the Debentures is maintained at all times until the Maturity Date, created in favor of the Debenture Trustee, as specifically set out in and fully described in the Debenture Trust Deed and this Prospectus. Without prejudice to the aforesaid, in the event our Company fails to execute the Debenture Trust Deed within the period specified in Regulation 18(1) of the SEBI NCS Regulations or such other time frame as may be stipulated from time-to-time, our Company shall also pay interest of at least 2% (two per cent) per annum to the NCD holders, over and above the interest rate on the NCDs specified in this Prospectus, till the execution of the Debenture Trust Deed. |
| Issue Details |
| Issue Open |
13-Oct-2025-28-Oct-2025 |
| Security Name |
INDEL MONEY LIMITED |
| Security Type |
Secured Redeemable Non-Convertible Debentures |
| Issue Size (Base) .Cr |
150 |
| Over subscription |
AN OPTION TO RETAIN OVER-SUBSCRIPTION UP TO RS. 150 CRORE ("GREEN SHOE OPTION") AGGREGATING UP TO RS. 300 CRORE. |
| Issue Price |
1000 |
| Face Value |
1000 |
| Market Lot |
1 |
| Credit Rating |
IVR A-/Stable by IVR. |
| Tenor |
366 days,24 Months,36 months,60 months,72 Months |
| Series |
Series1,Series2,Series3,Series4,Series5,Series6,Series7,Series8 |
| Payment Frequency |
Monthly,At the End |
| Objects of the Issue: |
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PUBLIC ISSUE BY THE ISSUER OF 3000000 SECURED, RATED, LISTED, REDEEMABLE, NON-CONVERTIBLE DEBENTURES OF FACE VALUE OF RS. 1000 EACH, ("NCDS") FOR AN AMOUNT UP TO RS. 150 CRORE, (THE "BASE ISSUE") WITH AN OPTION TO RETAIN OVER-SUBSCRIPTION UP TO RS. 150 CRORE ("GREEN SHOE OPTION") AGGREGATING UP TO RS. 300 CRORE. |
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| Company Promoters |
| Indel Corporation Private Limited |
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| Lead Managers |
| 1. INCRED CAPITAL WEALTH PORTFOLIO MANAGERS PRIVATE LIMITED |
| 2. Trust Investment Advisors Private Limited |
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| Registrar to the Issue |
| 1. MUFG INTIME INDIA PRIVATE LIMITED |
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