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12% Indel Money Limited - BBB Rated (INE0BUS08013)
ActivePrivate SectorUnsecured
Instrument Details
ISIN: INE0BUS08013
Face value
₹1,000
Coupon rate
12%
Payment
Monthly
Tax Type
Taxable
Issue Size (Cr)
27.0118
Instrument Type
Debenture
Returns
High
Date of Issue
25 Oct 2021
Maturity Date
24 Nov 2026
Perpetual
Yes
Listing Status
Listed
Rating status
BBB+ (CRISIL Ratings)
Call Option
Not Available
Put Option
Not Available
Security with Collaterals
Unsecured
Asset Coverage
Principal + Interest
Seniority in Repayment
Subordinate Tier 2
Guarantee Type
Non Convertible
About this Bond
INDEL MONEY LIMITED OPT IX 12 LOA 24NV26 FVRS1000
Indel Money Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture,
having ISIN value as INE0BUS08013, with a face value of ₹1,000 rs on 25Oct21 to raise 27.0118 crores. The debt instrument
is issued with a coupon rate of 12% and its interest is paid
Monthly. The returns are Taxable and one has to pay the applicable tax on the returns from this investment.
As per the filings, the long description of this Unsecured
Debenture is 12% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT. OPTION IX. DATE OF MATURITY 24/11/2026.. This instrument is issued in Public Issue mode. It has Simple coupon type
with Full Redemption option. The Debenture is listed on BSE stock
exchange on 27Oct21. CRISIL RATINGS LIMITED has given BBB+ rating to
this Debenture on 02Sep21. This issuer is formerly known as INDEL MONEY PRIVATE LIMITED, PAYAL HOLDINGS PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.
Rating (Debt Quality)
Investment Calculation (Pre-Tax)
Below is an indicative cash-flow on investment, actual cash-flow may differ.
Face Value
₹1,000
Lot Size
100
Minimum Investment
₹1,00,000
Cashflow
₹1,00,000
25-Oct-21 : Your investment
₹1,000
25-Nov-21 : Interest
₹1,000
25-Dec-21 : Interest
₹1,000
25-Jan-22 : Interest
₹1,000
25-Feb-22 : Interest
₹1,000
25-Mar-22 : Interest
₹1,000
25-Apr-22 : Interest
₹1,000
25-May-22 : Interest
₹1,000
25-Jun-22 : Interest
₹1,000
25-Jul-22 : Interest
₹1,000
25-Aug-22 : Interest
₹1,000
25-Sep-22 : Interest
₹1,000
25-Oct-22 : Interest
₹1,000
25-Nov-22 : Interest
₹1,000
25-Dec-22 : Interest
₹1,000
25-Jan-23 : Interest
₹1,000
25-Feb-23 : Interest
₹1,000
25-Mar-23 : Interest
₹1,000
25-Apr-23 : Interest
₹1,000
25-May-23 : Interest
₹1,000
25-Jun-23 : Interest
₹1,000
25-Jul-23 : Interest
₹1,000
25-Aug-23 : Interest
₹1,000
25-Sep-23 : Interest
₹1,000
25-Oct-23 : Interest
₹1,000
25-Nov-23 : Interest
₹1,000
25-Dec-23 : Interest
₹1,000
25-Jan-24 : Interest
₹1,000
25-Feb-24 : Interest
₹1,000
25-Mar-24 : Interest
₹1,000
25-Apr-24 : Interest
₹1,000
25-May-24 : Interest
₹1,000
25-Jun-24 : Interest
₹1,000
25-Jul-24 : Interest
₹1,000
25-Aug-24 : Interest
₹1,000
25-Sep-24 : Interest
₹1,000
25-Oct-24 : Interest
₹1,000
25-Nov-24 : Interest
₹1,000
25-Dec-24 : Interest
₹1,000
25-Jan-25 : Interest
₹1,000
25-Feb-25 : Interest
₹1,000
25-Mar-25 : Interest
₹1,000
25-Apr-25 : Interest
₹1,000
25-May-25 : Interest
₹1,000
25-Jun-25 : Interest
₹1,000
25-Jul-25 : Interest
₹1,000
25-Aug-25 : Interest
₹1,000
25-Sep-25 : Interest
₹1,000
25-Oct-25 : Interest
₹1,000
25-Nov-25 : Interest
₹1,000
25-Dec-25 : Interest
₹1,000
25-Jan-26 : Interest
₹1,000
25-Feb-26 : Interest
₹1,000
25-Mar-26 : Interest
₹1,000
25-Apr-26 : Interest
₹1,000
25-May-26 : Interest
₹1,000
25-Jun-26 : Interest
₹1,000
25-Jul-26 : Interest
₹1,000
25-Aug-26 : Interest
₹1,000
25-Sep-26 : Interest
₹1,000
25-Oct-26 : Interest
-₹50
24-Nov-26 : Interest
-₹50
24-Nov-26 : Interest
₹1,59,900
24-Nov-26 : Maturity amount (Investment: ₹1,00,000, Interest earned: ₹59,900)
Summary
Instrument Attributes
Value
Coupon Rate
12%
Returns
High
Bond Rating
BBB+
Seniority in Repayment
Subordinate Tier 2
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
HEAD OFFICE
Mumbai
SECTOR
Financial Services
ISSUER OWNERSHIP
Private Sector
Other Bonds of Indel Money Limited
FAQs about INE0BUS08013 issued by Indel Money Limited
What is the instrument name of INE0BUS08013 ISIN?
The instrument name of INE0BUS08013 ISIN is INDEL MONEY LIMITED OPT IX 12 LOA 24NV26 FVRS1000.
How frequently is the interest paid on INE0BUS08013 bond issued by Indel Money Limited?
The interest earned from INE0BUS08013 bond issued by Indel Money Limited is paid Monthly, ensuring regular and consistent income for investors.
What is the credit rating of the INE0BUS08013 bond issued by Indel Money Limited?
This INE0BUS08013 bond issued by Indel Money Limited has been assigned a credit rating of BBB+ by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE0BUS08013 bond issued by Indel Money Limited?
This Debenture offers a coupon rate of 12%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE0BUS08013 Debenture?
The INE0BUS08013 Debenture is issued by Indel Money Limited, a Private Sector company.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
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