Description

BSE announces the listing of eight series of secured, rated, redeemable non-convertible debentures issued by Indel Money Limited with varying coupon rates from 9.00% to 12.25% and maturities ranging from October 2026 to October 2031.

Summary

BSE has listed eight series of Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) issued by Indel Money Limited. The debentures were allotted on October 30, 2025, with a face value and issue price of Rs. 1,000 per NCD. The series offer varying coupon rates ranging from 9.00% to 12.25% per annum with different interest payment options (monthly or cumulative) and maturity dates from October 2026 to October 2031.

Key Points

  • Issuer: Indel Money Limited
  • Total Series: Eight different series of NCDs (Series I through VIII)
  • Face/Issue Price: Rs. 1,000 per NCD for all series
  • Date of Allotment: October 30, 2025
  • Nature: Secured, Rated, Listed, Redeemable Non-Convertible Debentures
  • Credit Rating: IVR A-/STABLE
  • Market Lot: One NCD
  • Put/Call Option: Not Applicable
  • First Interest Payment Date: December 1, 2025 (for monthly interest series)

Series Details

Series I (Scrip Code: 940701)

  • ISIN: INE0BUS07CB9
  • Interest Frequency: Monthly
  • Coupon Rate: 9.00% per annum
  • Effective Yield: 9.38%
  • No. of Securities: 79,090
  • Maturity Date: October 31, 2026
  • Redemption Amount: Rs. 1,090.25 per NCD

Series II (Scrip Code: 940703)

  • ISIN: INE0BUS07CF0
  • Interest Frequency: Cumulative
  • Coupon Rate: NA
  • Effective Yield: 9.00%
  • No. of Securities: 44,426
  • Maturity Date: October 31, 2026
  • Redemption Amount: Rs. 1,090.25 per NCD

Series III (Scrip Code: 940705)

  • ISIN: INE0BUS07CE3
  • Interest Frequency: Monthly
  • Coupon Rate: 9.75% per annum
  • Effective Yield: 10.20%
  • No. of Securities: 520,251
  • Maturity Date: October 31, 2027
  • Redemption Amount: Rs. 1,204.51 per NCD

Series IV (Scrip Code: 940707)

  • ISIN: INE0BUS07BZ0
  • Interest Frequency: Cumulative
  • Coupon Rate: NA
  • Effective Yield: 9.75%
  • No. of Securities: 31,430
  • Maturity Date: October 31, 2027
  • Redemption Amount: Rs. 1,204.51 per NCD

Series V (Scrip Code: 940709)

  • ISIN: INE0BUS07CD5
  • Interest Frequency: Monthly
  • Coupon Rate: 10.25% per annum
  • Effective Yield: 10.74%
  • No. of Securities: 994,411
  • Maturity Date: October 30, 2028
  • Redemption Amount: Rs. 1,340.28 per NCD

Series VI (Scrip Code: 940711)

  • ISIN: INE0BUS07BY3
  • Interest Frequency: Cumulative
  • Coupon Rate: NA
  • Effective Yield: 10.25%
  • No. of Securities: 40,635
  • Maturity Date: October 30, 2028
  • Redemption Amount: Rs. 1,340.28 per NCD

Series VII (Scrip Code: 940713)

  • ISIN: INE0BUS07CC7
  • Interest Frequency: Monthly
  • Coupon Rate: 11.25% per annum
  • Effective Yield: 11.84%
  • No. of Securities: 1,000,566
  • Maturity Date: October 30, 2030
  • Redemption Amount: Rs. 2,000.83 per NCD

Series VIII (Scrip Code: 940715)

  • ISIN: INE0BUS07CA1
  • Interest Frequency: Cumulative
  • Coupon Rate: NA
  • Effective Yield: 12.25%
  • No. of Securities: 289,191
  • Maturity Date: October 30, 2031
  • Redemption Amount: Rs. 2,000.83 per NCD

Regulatory Changes

No regulatory changes announced. This is a routine listing notification.

Compliance Requirements

  • Debenture holders and market participants should note the scrip codes and ISIN numbers for trading purposes
  • Interest payments will commence from December 1, 2025, for monthly interest series
  • Trading will be conducted in market lots of one NCD

Important Dates

  • Allotment Date: October 30, 2025
  • First Interest Payment Date: December 1, 2025 (for monthly series)
  • Maturity Dates:
    • Series I & II: October 31, 2026
    • Series III & IV: October 31, 2027 (Series IV: October 30, 2027)
    • Series V & VI: October 30, 2028
    • Series VII: October 30, 2030
    • Series VIII: October 30, 2031

Impact Assessment

This is a routine listing of debt securities with limited market-wide impact. The listing provides investors with additional fixed-income investment options with varying tenures (1-6 years) and coupon rates (9.00%-12.25%). The IVR A-/STABLE rating indicates moderate credit quality. The large number of securities issued (particularly in Series V and VII with approximately 1 million NCDs each) suggests significant investor demand for these instruments. Impact is limited to debt market participants and existing/prospective investors in Indel Money Limited’s debt instruments.

Impact Justification

Routine listing of debt securities by a single company with no broader market implications