Indel Money Ltd. announced the 4th public issue of Secured NCDs of face value of Rs. 1,000 each. The Issue opens on Tuesday, January 30, 2024 and closes on Monday, February 12, 2024. The issue includes a Base Issue Size for an amount of up to Rs.100 crores with an option to retain over-subscription up to Rs.100 crores aggregating up to Rs.200 crores. The Lead Manager to the Issue is Vivro Financial Services Private Limited. The funds raised through this issue will be used for the purpose of onward lending, financing and for repayment/prepayment of principal and interest on borrowings of the Company.
Indel Money Limited had a total outstanding AUM (excluding off-balance sheet assets) amounting to Rs. 81,740.86 lakhs as on September 30, 2023. Indel Money Limited had successfully launched 3 public issues of NCDs and raised more than Rs.260 crores. Indel Money Limited is a NBFC in the gold loan sector lending money against the pledge of household gold jewellery in the states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Odisha, Maharashtra and Telangana and the union territory of Puducherry.
