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

 

Secured, Rated, Listed and Redeemable NCDs of face value of ₹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 ₹1,000 thereafter

The NCDs are proposed to be listed on BSE Limited

Mumbai, August 12th, 2026: 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 ₹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 ₹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).

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. (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 ₹4,10,390.34 lakhs (₹4,103.90 crore), compared with ₹2,33,444 lakhs (₹2,334.44 crore) in FY25. During FY26, the Company reported total income of ₹60,596 lakhs (₹605.96 crore) and profit after tax of ₹12,397 lakhs (₹123.97 crore). Its net worth stood at ₹63,177 lakhs (₹631.77 crore). 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.

Notes to the Editor: Indel Money Limited

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 ₹4,10,390.34 lakhs, compared with ₹2,33,444.00 lakhs in FY25. During FY26, Indel Money reported total income of ₹60,596.00 lakhs and profit after tax of ₹12,397.00 lakhs, while its net worth stood at ₹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.

Disclaimer:

Indel Money Limited (“Company”), subject to market conditions, and other considerations, is proposing a public issue of secured, rated, listed, redeemable non-convertible debentures (“NCDs”) and has filed the Prospectus dated August 07, 2026 (“Prospectus”). Investment in the NCDs involves high degree of risk. Investors proposing to participate in the Issue should invest only on the basis of the information contained in the Prospectus. Investors should see the Prospectus filed by Indel Money Limited with the Registrar of Companies, Maharashtra at Mumbai (“ROC”), BSE Limited (“BSE”) and Securities and Exchange Board of India (“SEBI”), including the section titled “Risk Factors” and “Material Developments” beginning on pages 20 and 156 respectively of the Prospectus, available on the websites of SEBI at www.sebi.gov.in, BSE at www.bseindia.com, and the websites of the lead managers at www.trustgroup.in, www.nuvama.com, and https://idbicapital.com.

Investors proposing to participate in the Issue should note that investment in the NCDs involves a high degree of risk and for details in relation to the same, refer to the Prospectus dated August 07, 2026, including the sections titled “Risk Factors” and “Material Developments” beginning on pages 20 and 156 respectively of the Prospectus. The Issuer and the Lead Managers accept no responsibility for statements made otherwise than in the Prospectus or in the advertisement or any other material issued by or at the instance of the Company and that anyone placing reliance on any other source of information would be doing so at their own risk.

Link to read the Detailed Disclaimers: https://bit.ly/ncdissuedisclaimer