Indel Money Limited Announces Public Issue of Non-Convertible Debentures to Raise Up to ₹50,000 Lakh

Indel Money Limited, a non-deposit-taking non-banking financial company – Middle Layer (NBFC-ML), has announced the public issue of Secured, Rated, Listed, and Redeemable Non-Convertible Debentures (NCDs) with a face value of ₹1,000 each.

Key Schedule and Structure:
Opening and Closing Dates: 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.

Issue Size: The public issue comprises a Base Issue of ₹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 (₹500 crore).

Tenure and Yield: The tenure of the NCDs ranges from 400 days to 72 months, offering an effective yield of up to 12.25% per annum.

Application Details: Investors may make one or more applications subject to a minimum application size of ₹10,000 across all Series collectively and in multiples of ₹1,000 thereafter.

Ratings, Listing, and Management:
Credit Rating: The NCDs are rated ‘IND A-/Stable’ by India Ratings and Research Pvt. Ltd.

Listing: The NCDs are proposed to be listed on BSE Limited.

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

Geographical Presence: As on June 30, 2026, the company operates across the States of Haryana, Rajasthan, Uttar Pradesh, Delhi, Madhya Pradesh, Odisha, Maharashtra, Karnataka, Kerala, Tamil Nadu, Andhra Pradesh, Telangana, Gujarat, and the Union territories of Puducherry, Delhi, Chandigarh, and Andaman and Nicobar, totaling 397 branches across 12 states and four Union Territories.

Utilization of Proceeds:
The Net Proceeds of the Issue will be utilized 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 (subject to such utilization not exceeding 25% of the gross proceeds in compliance with applicable SEBI NCS Regulations).

Financial Performance and Management Commentary:
Mr. Umesh Mohanan, Whole Time Director, Indel Money, stated that the company has received an encouraging response from the market during earlier NCD issues and remains optimistic about the current offering, reflecting investor trust in their business model, management team, corporate governance, and growth strategy.

Assets Under Management (AUM): Stood at ₹4,10,390.34 lakhs (₹4,103.90 crore) as of March 31, 2026, compared with ₹2,33,444 lakhs (₹2,334.44 crore) in FY25.

Financial Results (FY26): Reported a total income of ₹60,596 lakhs (₹605.96 crore) and a profit after tax of ₹12,397 lakhs (₹123.97 crore), with a net worth of ₹63,177 lakhs (₹631.77 crore).

Asset Quality and Capital Strength: Gross Non-Performing Assets (GNPA) stood 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.