Indel Money Limited Announces Public Issue of Non-Convertible Debentures (NCDs) to Raise Up to 50,000 Lakh (*500 crore)

Indel Money Limited Announces Secured, Rated, Listed and Redeemable NCDs of face value of Rs 1,000 each, with tenure ranging from 400 days to 72 months

Public Issue comprises a Base Issue of 25,000 lakhs (250 crore), with an option to retain oversubscription up to 25,000 lakhs (250 crore), aggregating up to 50,000 lakhs (500 crore)

Opens on Tuesday, August 18, 2026, and closes on Monday, August 31, 2026

NCDs are rated ‘IND A-/Stable’ by India Ratings and Research Pvt. Ltd.

Effective yield up to 12.25% per annum

Minimum application size is 10,000 across all Series of NCDs and in multiples of Rs 1,000 thereafter

The NCDs are proposed to be listed on BSE Limited

MUMBAI,  | RMN.IN, :  Indel Money Limited, a non-deposit taking non-banking finance company – Middle Layer (“NBFC-ML”) – has announced the public issue of Secured, Rated, Listed and Redeemable Non-Convertible Debentures (“NCDs”) of face value of Rs 1,000 each.

The Issue opens on Tuesday, August 18, 2026, and closes on Monday, August 31, 2026, with an option of early closure, subject to relevant approvals.

Investors may make one or more applications for the NCDs, subject to a minimum application size of 10,000 across all Series collectively and in multiples of 1,000 thereafter.

The Public Issue comprises a Base Issue of Rs 25,000 lakhs (*250 crore), with an option to retain oversubscription (Green Shoe Option) up to 25,000 lakhs (*250 crore), aggregating an Overall Issue Size of up to 50,000 lakhs. (Rs 500 crore).

The Merchant Bankers to the Issue is Trust Investment Advisors Private Limited, Nuvama Wealth Management Limited and IDBI Capital Markets & Securities Limited.

The Net Proceeds of the Issue will be utilised for onward lending, financing or refinancing of existing debt and/or debt servicing, including payment of interest and/or repayment or prepayment of interest and principal of existing borrowings of the Company, and for general corporate purposes. As told to our newsman Sachin Murdeshwar (The Company will not utilise the proceeds of this Issue towards payment of prepayment penalty, if any. The Net Proceeds will be first utilised towards the stated Objects of the Issue, with the balance proposed to be utilised for general corporate purposes, subject to such utilisation not exceeding 25% of the gross proceeds, in compliance with the applicable SEBI NCS Regulations.)

Mr. Umesh Mohanan, Whole Time Director, Indel Money, said, “We have received an encouraging response from the market during our earlier NCD issues, and we remain optimistic about the response to this Issue as well. The continued confidence of investors reflects their trust in our business model, management team, corporate governance practices and long-term growth strategy. With the Indian economy continuing to demonstrate resilience and credit demand remaining healthy, organised lenders, including gold loan NBFCs, have an important role to play in meeting the financing requirements of individuals and businesses. This fundraise will further strengthen our capital position and support our ability to meet evolving credit demand, pursue our long-term growth objectives and comply with regulatory requirements.”

As of March 31, 2026, Indel Money’s Assets Under Management (AUM) stood at Rs 4,10,390.34 lakhs (4,103.90 crore), compared with Rs 2,33,444 lakhs (2,334.44 crore) in FY25. During FY26, the Company reported total income of Rs 60,596 lakhs (605.96 crore) and profit after tax of Rs 12,397 lakhs (123.97 crore). Its net worth stood at Rs 63,177 lakhs (2631.77 crore). As told to our newsman Sachin Murdeshwar,The Company maintained a focus on asset quality and capital strength, with Gross Non-Performing Assets (GNPA) at 1.65%, Net Non-Performing Assets (NNPA) at 1.30% and Tier I Capital Adequacy Ratio at 18.95% as of March 31, 2026.

As on June 30, 2026 spread across the States of Haryana, Rajasthan, Uttar Pradesh, Delhi, Madhya Pradesh, Odisha, Maharashtra, Karnataka, Kerala, Tamil Nadu, Andhra Pradesh, Telangana,, Gujarat, and the Union territory of Puducherry, Delhi, Chandigarh, Andaman and Nicobar.

Indel Money Limited is an RBI-registered NBFC-Middle Layer (“NBFC-ML”) focused primarily on gold loans against the pledge of household gold jewellery. The Company also offers Loans Against Property, business loans, personal loans and consumer durable loans. As of March 31, 2026, the Company’s AUM stood at Rs 4,10,390.34 lakhs, compared with Rs 2,33,444.00 lakhs in FY25. During FY26, Indel Money reported total income of Rs 60,596.00 lakhs and profit after tax of Rs 12,397.00 lakhs, while its net worth stood at Rs 63,177.00 lakhs. The Company maintained a focus on asset quality and capital strength, with GNPA at 1.65%, NNPA at 1.30% and Tier I Capital Adequacy Ratio at 18.95% as of March 31, 2026.

As of June 30, 2026, Indel Money had 397 branches across 12 states and four Union Territories. Its gold loan customers are business owners, merchants, traders, farmers, salaried individuals and families, primarily from rural and semi-urban areas.

Indel Money is part of the Indel Group, founded by Late Mr. Palliyil Janardhanan Nair. The Indel Group entered the regulated financial services business in a small village in Palakkad, Kerala, under a State Government money lender’s license. Over the years, the Indel Group has diversified its presence across financial services, insurance, automotive, hospitality, plantation, infrastructure, communication, media and entertainment.