Instrument Details

ISIN: INE0BUS07544

Face value

₹1,000

Coupon rate

10.55%

Payment

Monthly

Tax Type

Taxable

Issue Size (Cr)

33.3233

Instrument Type

Debenture

Returns

High

Date of Issue

28 Jun 2022

Maturity Date

27 Jun 2024

Perpetual

Yes

Listing Status

Unlisted

Rating status

BBB+ (Acuite Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

INDEL MONEY LIMITED OP V 10.55 LOA 27JU24 FVRS1000
Indel Money Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE0BUS07544, with a face value of ₹1,000 rs on 28Jun22 to raise 33.3233 crores. The debt instrument is issued with a coupon rate of 10.55% 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 Secured Debenture is 10.55% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES OPTION V. LETTER OF ALLOTMENT. DATE OF MATURITY 27/06/2024. This instrument is issued in Public Issue mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. Acuite Ratings And Research Limited has given BBB+ rating to this Debenture on 30Jun22. 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)

Instrument Rating
BBB
Moderately Safe
BBB+
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Date Verified
07 Feb 2024
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Outlook
Stable
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Seniority in Repayment
None
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Security
Secured
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
28-Jun-22 : Your investment
₹879
28-Jul-22 : Interest
₹879
28-Aug-22 : Interest
₹879
28-Sep-22 : Interest
₹879
28-Oct-22 : Interest
₹879
28-Nov-22 : Interest
₹879
28-Dec-22 : Interest
₹879
28-Jan-23 : Interest
₹879
28-Feb-23 : Interest
₹879
28-Mar-23 : Interest
₹879
28-Apr-23 : Interest
₹879
28-May-23 : Interest
₹879
28-Jun-23 : Interest
₹879
28-Jul-23 : Interest
₹879
28-Aug-23 : Interest
₹879
28-Sep-23 : Interest
₹879
28-Oct-23 : Interest
₹879
28-Nov-23 : Interest
₹879
28-Dec-23 : Interest
₹879
28-Jan-24 : Interest
₹879
28-Feb-24 : Interest
₹879
28-Mar-24 : Interest
₹879
28-Apr-24 : Interest
₹879
28-May-24 : Interest
₹366
27-Jun-24 : Interest
₹1,20,587
27-Jun-24 : Maturity amount (Investment: ₹1,00,000, Interest earned: ₹20,587)

Summary

Instrument Attributes

Value

Coupon Rate

10.55%

Returns

High

Bond Rating

BBB+

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE0BUS07544 issued by Indel Money Limited

The instrument name of INE0BUS07544 ISIN is INDEL MONEY LIMITED OP V 10.55 LOA 27JU24 FVRS1000.
The interest earned from INE0BUS07544 bond issued by Indel Money Limited is paid Monthly, ensuring regular and consistent income for investors.
This INE0BUS07544 bond issued by Indel Money Limited has been assigned a credit rating of BBB+ by Acuite Ratings And Research Limited, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 10.55%, which determines the periodic interest payments made to bondholders.
The INE0BUS07544 Debenture is issued by Indel Money Limited, a Private Sector company.