INDEL MONEY LIMITED Coupon 12% | NBFC Retail Bond

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Exclusive Webinar with CEO's on 'Gold Loan Backed NCDs Explained'

Invest in Gold Loan Backed Bonds from Muthoottu Mini Financiers Ltd.

Earn 11.27% p.a

Invest Now

Exclusive Webinar with CEO's on 'Gold Loan Backed NCDs Explained'

Invest in Gold Loan Backed Bonds from Muthoottu Mini Financiers Ltd.

Earn 11.27% p.a

Invest Now

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Returns (YTM)

12.73%

Min. Investment

₹ 99,618.19

Remaining Tenure

2Y 10M 12Days

Payment Terms

Monthly

Highlights

Credit Rating

CRISIL BBB+/STABLE

Seniority

SENIOR

Security

Secured

Default History

Zero

Strong AUM Growth: Assets Under Management (AUM) grew by ~35% YoY to ₹1,850 Cr (FY24) driven by gold loan expansion.

Healthy Profitability: Net Profit Margin sustained at ~12-14% (FY24) due to high-yield gold loan portfolio.

Stable Asset Quality: Gross NPA at ~1.8% (FY24), lower than industry average for gold loan NBFCs.

Experienced Management: Promoter group has over two decades of experience in gold loan financing.

Company Financials

Revenue

PAT

Debt

Net Worth

Important disclaimer

Ratio Analysis

22.6

Capital Adequacy Ratio

Good

Benchmark: Minimum 14%

4.53

Operating Cash Flow to Equity Ratio

Good

Benchmark: Maximum 12 times

1.34

Interest Coverage Ratio

Risky

Benchmark: Minimum 2

Important disclaimer

About Issuer

INDEL MONEY LIMITED

Indel Money is a Non-Banking Finance Company (NBFC) regulated by the Reserve Bank of India (RBI). Established in 1986, Indel Money obtained its NBFC license and is duly registered with the RBI under registration number B 13.01564.

Over the course of two successful decades, Indel Money has expanded its reach and currently operates through a vast network of 242 branches across various states in India, including Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Odisha, Maharashtra, and the Union Territory of Puducherry. With its extensive presence, Indel Money caters to a diverse clientele comprising high net-worth individuals, business institutions, retail investors, and the common man, providing them with a comprehensive range of financial services under one roof.

The company prides itself on offering value-added solutions that cater to the life requirements of individuals, whether it is fulfilling personal financial goals, securing investments, or planning for the future, Indel Money is dedicated to meeting the needs of its customers across all strata of society.

As the flagship financial institution of the Indel Corporation, Indel Money is part of a dynamic and unique holding business enterprise. The Indel Corporation boasts a total paid-up capital of over 200 Cr and a remarkable turnover exceeding 1,000 Cr. While headquartered in Mumbai, Indel Money's corporate office is situated in Kochi, further enhancing its strategic presence in the financial landscape.

Beyond its financial services, Indel Corporation's influence extends across multiple industries, making it a diversified and comprehensive business entity. With interests in sectors such as Financial Services, Automobile, Hospitality, Infrastructure Development, Media, Communication, and Entertainment, Indel Corporation has established itself as a prominent player in various spheres of the Indian economy.

Total Annual Revenue

Rs 291.13 Cr (FY 2024)

Year of Inception

1986

Industry

NBFC Retail

Head Office

Ernakulam

Type of Issuer

Corporate

Current MD/CEO

Mr. Umesh Mohanan

Credit Rating / Outlook

BBB+ STABLE

CRISIL

Rating Rationale

Rating Date: 11-Jul-2025

Credit rating by different rating agencies indicates the bond issuer’s ability to repay its debt obligations. A bond can be rated by one or more SEBI registered credit rating agencies e.g. CRISIL, CARE, ICRA, IND, BWR, ACUITE, INFOMERICS.
Bonds/NCDs with BBB credit rating are considered to have a moderate to low degree of safety regarding timely servicing of debt obligations. Such Bonds/NCDs carry moderate to high credit risk, hence it is suitable for investors with high risk tolerance.
Stable Outlook suggests that the rating is unlikely to change significantly in the near to medium term, indicating a stable credit profile of the issuer.

Other Important Details & Disclosures

Issuer Name

INDEL MONEY LIMITED

Security Name

12% INDEL MONEY LIMITED Secured Rated Listed NCD Maturity 23-Jul-2028

ISIN

Copy

INE0BUS07BX5

Face Value

₹ 1,00,000

Coupon Rate

12%

Coupon Type

FIXED

Payment Terms

Monthly

Maturity Date

23-Jul-2028

Clean Price

₹ 99.88

Dirty Price

₹ 99.62

Current Yield

12.0143%

Yield to Maturity

12.7321%

Mode of Issue

Private Placement

Date of Issue

23-Jul-2025

Listed

Yes

Instrument Type

Taxable

Security

Secured

Seniority

SENIOR

Perpetual

Trustee Details

Catalyst Trusteeship Limited

901,9th Floor, Tower- B, Peninsula Business Park,Senapati Bapat Marg, Lower Parel (W), Mumbai - 400013

Registrar Details

MUFG Intime India Private Limited (formerly known as Link Intime Pvt Ltd.)

C 101, 247 Park, LBS Marg, Vikhroli West,Mumbai 400083

Looking For More Information ?

Download Prospectus

Taxation

10%

TDS on Interest Income*

*Given TDS is indicative and fully claimable while filing ITR. The interest income from this bond will be taxable and will appear in the additional source of income in your ITR. Please consult your tax advisor for precise taxation details
As a listed bond, it is subject to capital gains tax based on the holding period. A holding period of less than 1 year qualifies as short-term, while more than 1 year qualifies as long-term.
You can submit your Form 15G/15H to the registrar and debenture trustee of the bond to avoid the TDS deduction. Download Form

Registrar details: MUFG Intime India Private Limited (formerly known as Link Intime Pvt Ltd.) C 101, 247 Park, LBS Marg, Vikhroli West,Mumbai 400083

Unit

Investment Amount

₹ 99,618.19

Total Returns

₹ 34,357.93

Total Receivable

₹ 1,33,976.12

Cashflow Timeline

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FAQs about INDEL MONEY LIMITED bonds

How to buy this INDEL MONEY LIMITED bond online?

You can invest in bonds online in under 5 minutes. To buy INDEL MONEY LIMITED bond online follow the steps below:

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Pay online via payment gateway and receive bond units in your demat account

What is the yield of this INDEL MONEY LIMITED bond?

12.7321% is the current yield of this INDEL MONEY LIMITED bond. A bond’s current yield indicates the annual return based on its current market price and annual coupon payment.
In addition to current yield, the yield to maturity (YTM) of this INDEL MONEY LIMITED bond is 12.7321%, which indicates the total expected return if the bond is held till the maturity date. It is calculated using the XIRR method considering current price, face value, coupon payments, and time to maturity.

Is it safe to invest in bonds?

Investing in bonds is relatively a safer option but it depends on factors like:

The creditworthiness of the issuer indicated by the credit rating
The debt quality of the bond indicated by its seniority and security
Your investment goals and risk appetite

If you are an existing bond investor and want to sell your bond holdings before maturity, you can do so through the secondary market. This can be done either through exchanges such as BSE or NSE, or you can also request a quote from your relationship manager at GoldenPi.

How to redeem this INDEL MONEY LIMITED bond?

To redeem this INDEL MONEY LIMITED bond, bond, kindly first check its redemption value and redemption schedule. This can be found by downloading the cash flow from the “Calculate Your Returns” section of this page or by contacting the support team at GoldenPi.
Once you buy this bond, the units would be reflected in your demat account.
Upon maturity, the bond units held in your demat account will be automatically debited on the maturity date, and if the maturity date falls on a bank holiday, the redemption amount will be paid out on the next working day.
The funds will be credited to the bank account linked to your demat account. The process of redeeming this INDEL MONEY LIMITED bond is generally simple and straightforward. Contact our support team for more information.

Is this INDEL MONEY LIMITED bond tax-free?

No, this INDEL MONEY LIMITED bond is not tax free. The interest income received from these bonds will be treated as “income from other sources” in the ITR and the tax will be calculated as per your income tax slab.

To know more about taxation in detail please read this article: https://goldenpi.com/blogessentials/bond-market/taxation-on-gains-from-bond-investments/

Can I sell this INDEL MONEY LIMITED bond before the maturity date?

Yes, it is possible to sell this INDEL MONEY LIMITED bond before maturity. However, as the sale process happens in the secondary market, the price can be determined by a variety of factors, including interest rates, credit ratings, company performance, and market demand.

To know more about the sale process, contact us at https://goldenpi.com/contact-us

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Investments in debt securities/municipal debt securities/securitized debt instruments are subject to risks including delay and/or default in payment. Read all the offer-related documents carefully.
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The information shown on the website should not be construed as financial advice or as an offer or recommendation to buy or sell any security or any products/services of GSPL or any product/services of its third-party client(s). The user should act and rely on the information/data shown on the website only after understanding all associated risk parameters. Any action/decision taken by the user on the basis of the information shown on this website shall be the sole responsibility of the user. Neither GSPL nor its directors, employees, associates, representatives, or agents shall be liable for any damages whether direct, indirect, special, or consequential including lost revenue or lost profits that may arise to the user from or in connection with the use of the information/data shown on this website.

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Cashflow Timeline

Timeline

Total Receivable*

Net Receivable**

2025

₹ 2,991.78

₹ 2,692.6

23 Oct	Interest ₹ 986.3	Interest ₹ 887.67
23 Nov	Interest ₹ 1,019.18	Interest ₹ 917.26
23 Dec	Interest ₹ 986.3	Interest ₹ 887.67

2026

₹ 12,000.01

₹ 10,800.01

2027

₹ 12,000.01

₹ 10,800.01

2028

₹ 1,06,984.32

₹ 1,06,285.89

* The interest amount is paid as per total invested face value (₹ 100000) and annual coupon rate of 12%.

** The net interest receivable is after 10% TDS for Indian Residents. However for NRI 30% TDS is deducted. The deducted TDS can be claimed while filing ITR.

Highlights

Company Financials

Ratio Analysis

About Issuer

INDEL MONEY LIMITED

Credit Rating / Outlook

Other Important Details & Disclosures

Taxation

How to buy this INDEL MONEY LIMITED bond online?

What is the yield of this INDEL MONEY LIMITED bond?

Is it safe to invest in bonds?

How to redeem this INDEL MONEY LIMITED bond?

Is this INDEL MONEY LIMITED bond tax-free?

Can I sell this INDEL MONEY LIMITED bond before the maturity date?

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Cashflow Timeline