Indel Money Limited

Nbfc

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Methodology v1.0 Download Report (PDF)
Latest Rating
A- (INDIA_RATINGS)
Total Debt Outstanding
₹2,119 Cr
Across 79 instruments
Listed Bonds
79
First Issue
2021-10-25
Latest Issue
2026-06-09
Maturity Range
2026 - 2032
Observation
79 active bonds tracked from this issuer.
View details →
Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies
01 Issuer Overview
Sector
Issuer Type
Nbfc
First Tracked Bond
2021-10-25
Start of this issuer's debt program timeline
  • 79 active bonds tracked from this issuer.
  • 75 of 79 tracked bonds with a stated security status are secured. (based on 79 bonds with a disclosed security status)
  • Most recent rating action: other by CRISIL on 2026-07-09.

Operating in India, Indel Money Limited is classified as an NBFC. Bond coupons here span 9.00% - 13.20%, paid monthly. The maturity ladder spans 2026 - 2032.

Data sourced from NSDL, BSE, NSE, and registered credit rating agencies. Verify against the issuer's offer document before transacting.

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02 Debt Profile
Outstanding Bonds
79
Tracked by RetailBonds
Amount Tracked
₹2,119 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt (disclosed for 77 of 79 bonds)
Avg Coupon
10.91%
Range 9.00% - 13.20%
Avg Remaining Tenure
1.6 Yrs
Nearest maturity 2026-10
Secured
94%
75 of 79 bonds with known status
Callable
0
Of 79 bonds
Avg Spread vs G-Sec
+531 bps
Credit premium (indicative)

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (30 bonds).

0 2026: 11 bonds, ₹269 Cr tracked, avg coupon 11.01% 11 bonds 2026 2027: 24 bonds, ₹317 Cr tracked, avg coupon 10.88% 24 bonds 2027 2028: 30 bonds, ₹656 Cr tracked, avg coupon 10.54% 30 bonds 2028 2029: 6 bonds, ₹333 Cr tracked, avg coupon 11.45% 6 bonds 2029 2030: 5 bonds, ₹340 Cr tracked, avg coupon 12.39% 5 bonds 2030 2031: 2 bonds, ₹104 Cr tracked, avg coupon 11.75% 2 bonds 2031 2032: 1 bond, ₹100 Cr tracked, avg coupon 12.25% 1 bond 2032

Security Type / Instrument Mix

  • NCD 79 bonds · 100% · ₹2,119 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2021: ₹44 Cr issued 2021 2022: ₹32 Cr issued 2022 2023: ₹46 Cr issued 2023 2024: ₹147 Cr issued 2024 2025: ₹900 Cr issued 2025 2026: ₹950 Cr issued 2026 Cumulative: ₹44 Cr Cumulative: ₹76 Cr Cumulative: ₹122 Cr Cumulative: ₹269 Cr Cumulative: ₹1,169 Cr Cumulative: ₹2,119 Cr

Based on 77 of 79 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.

03 Credit Profile
  • A 16 bonds · 20%
  • BBB 28 bonds · 35%
  • Unrated 35 bonds · 44%
AgencyRatingOutlookBonds
CRISIL BBB+ 11
CRISIL BBB 8
INFOMERICS A- 8
CRISIL BBB Stable 7
INDIA_RATINGS A- 4
INFOMERICS A Stable 3
ACUITE BBB+ 2
INDIA_RATINGS A Stable 1

Recent Rating Actions

2026-07-09 · CRISIL
Other
04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade
INE0BUS07BO4 IML-11%-07-10-26-PVT 11.00% BBB (CRISIL) 2026-10-07 11.00% 2026-07-29
INE0BUS07CF0 SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE SERIES II DATE OF MATURITY 31/10/2026 A- (INFOMERICS) 2026-10-31
INE0BUS07CB9 9% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE SERIES I DATE OF MATURITY 31/10/2026 9.00% A- (INFOMERICS) 2026-10-31
INE0BUS07BQ9 IML-11%-11-11-26-PVT 11.00% BBB (CRISIL) 2026-11-11 10.50% 2026-08-04
INE0BUS07BR7 IML-11.25%-13-11-26-PVT 11.25% BBB (CRISIL) 2026-11-13 12.00% 2026-07-21
INE0BUS07130 11% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT. SERIES IML NCD CXXIII. DATE OF MATURITY 15/11/2026. 11.00% 2026-11-15
INE0BUS07BS5 IML-11.25%-19-11-26-PVT 11.25% BBB (CRISIL) 2026-11-19 10.00% 2026-08-07
INE0BUS07148 10.82% SECURED UNRATED UNLISTED NON CONVERTIBLE DEBENTURE.LETTER OF ALLOTMENT.SERIES CXXIV.DATE OF MATURITY 22/11/2026 10.82% 2026-11-22
INE0BUS08013 12% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT. OPTION IX. DATE OF MATURITY 24/11/2026. 12.00% BBB (CRISIL) 2026-11-24
INE0BUS08021 12% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT. OPTION X. DATE OF MATURITY 24/11/2026. 12.00% BBB (CRISIL) 2026-11-24
INE0BUS07254 10.75% SECURED UNRATED UNLISTED NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT. SERIES CXXVI .DATE OF MATURITY 09/12/2026 10.75% 2026-12-09
INE0BUS07BU1 IML-11.25%-03-02-27-PVT 11.25% BBB (CRISIL) 2027-02-03 10.75% 2026-08-10
INE0BUS07AU3 SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE LETTER OF ALLOTMENT OPTION VI DATE OF MATURITY 15/02/2027 BBB+ (CRISIL) 2027-02-15
INE0BUS07AS7 10.75% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT OPTION V DATE OF MATURITY 15/02/2027. 10.75% BBB+ (CRISIL) 2027-02-15
INE0BUS07403 12% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT.SERIES CXXXI.OPTION III. DATE OF MATURITY 28/02/2027 12.00% 2027-02-28
INE0BUS07BV9 IML-11.25%-17-3-27-PVT 11.25% BBB (CRISIL) 2027-03-17 11.00% 2026-07-27
INE0BUS07BW7 IML-11.25%-23-4-27-PVT 11.25% BBB (CRISIL) 2027-04-23 11.31% 2026-07-02
IN80BUS07048 11.25% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTRUES OPTION I DATE OF MATURITY 23/04/2027 11.25% 2027-04-23
INE0BUS07494 11% SECURED UNRATED REDEEMABLE NONCONVERTIBLE DEBENTURES SERIES - IML NCD CXXXVI OPTION II. LETTER OF ALLOTMENT. DATE OF MATURITY 30/04/2027. 11.00% 2027-04-30
INE0BUS07BG0 SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE. SERIES V DATE OF MATURITY 07/05/2027 BBB+ (CRISIL) 2027-05-07
INE0BUS07BI6 11% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE. SERIES IV DATE OF MATURITY 07/05/2027. 11.00% BBB+ (CRISIL) 2027-05-07
INE0BUS07569 11% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES OPTION VII. LETTER OF ALLOTMENT. DATE OF MATURITY 27/07/2027 11.00% BBB+ (ACUITE) 2027-07-27
INE0BUS07619 10.55% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT.SERIES CXXXVIII OPTION III. DATE OF MATURITY 30/07/2027 10.55% 2027-07-30
INE0BUS07635 9% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT. SERIES CXXXVIII OPTION I. DATE OF MATURITY 30/07/2027 9.00% 2027-07-30
INE0BUS07676 11% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT. SERIES CXXXIX OPTION III. DATE OF MATURITY 18/08/2027 11.00% 2027-08-18
INE0BUS08039 UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT. OPTION XI. DATE OF MATURITY 24/09/2027. BBB (CRISIL) 2027-09-24
INE0BUS07726 10% SECURED UNRATED UNLISTED REDEEMABLE LETTER OF ALLOTMENT NON-CONVERTIBLE DEBENTURES SERIES CXLI OPTION III DATE OF MATURITY 27/10/2027 10.00% 2027-10-27
INE0BUS07734 11% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES SERIES CXLI OPTION V. LETTER OF ALLOTMENT. DATE OF MATURITY 27/10/2027 11.00% 2027-10-27
INE0BUS07718 10.55% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES SERIES CXLI OPTION IV. LETTER OF ALLOTMENT. DATE OF MATURITY 27/10/2027 10.55% 2027-10-27
INE0BUS07CE3 9.75% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE SERIES III DATE OF MATURITY 30/10/2027 9.75% A- (INFOMERICS) 2027-10-30
INE0BUS07BZ0 SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE SERIES IV DATE OF MATURITY 30/10/2027 A- (INFOMERICS) 2027-10-30
INE0BUS07BM8 IML-13%-25-11-27-PVT 13.00% BBB (CRISIL) 2027-11-25
INE0BUS07775 10.55% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT SERIES CXLII OPTION II DATE OF MATURITY 03/12/2027. 10.55% 2027-12-03
INE0BUS07783 10.55% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT SERIES CXLII OPTION III DATE OF MATURITY 03/12/2027. 10.55% 2027-12-03
INE0BUS07767 11% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT. SERIES CXLII OPTION IV DATE OF MATURITY 03/12/2027. 11.00% 2027-12-03
INE0BUS07817 11% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT SERIES CXLIII OPTION III DATE OF MATURITY 17/01/2028. 11.00% 2028-01-17
INE0BUS07791 9% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT SERIES CXLIII OPTION I DATE OF MATURITY 17/01/2028. 9.00% 2028-01-17
INE0BUS07809 10.55% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT SERIES CXLIII OPTION II DATE OF MATURITY 17/01/2028. 10.55% 2028-01-17
INE0BUS07CH6 IML-10.50%-23-1-28-PVT 10.50% A (INFOMERICS) 2028-01-23 11.71% 2026-08-26
INE0BUS07833 9% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE LETTER OF ALLOTMENT SERIES CXLIV OPTION I DATE OF MATURITY 24/02/2028. 9.00% 2028-02-24
INE0BUS07CN4 9.75% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE DATE OF MATURITY 30/03/2028 9.75% A- (INDIA_RATINGS) 2028-03-30 11.14% 2026-08-26
INE0BUS07858 11% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT SERIES CXLV OPTION IV DATE OF MATURITY 31/03/2028. 11.00% 2028-03-31
INE0BUS07866 10.55% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT SERIES CXLV OPTION III DATE OF MATURITY 31/03/2028. 10.55% 2028-03-31
INE0BUS07CK0 IML-10%-17-04-28-PVT 10.00% A (INDIA_RATINGS) 2028-04-17 11.49% 2026-08-21
INE0BUS07908 11% SECURED UNRATED UNLISTED NON CONVERTIBLE DEBENTRUES LETTER OF ALLOTMENT SERIES CXLVI OPTION III DATE OF MATURITY 28/04/2028 11.00% 2028-04-28
INE0BUS07890 10.55% SECURED UNRATED UNLISTED NON CONVERTIBLE DEBENTRUES LETTER OF ALLOTMENT SERIES CXLVI OPTION I DATE OF MATURITY 28/04/2028 10.55% 2028-04-28
INE0BUS07999 10.55% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES LETTER OF ALLOTMENT SERIES CXLVII DATE OF MATURITY 18/05/2028 10.55% 2028-05-18
INE0BUS07CM6 10% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE DATE OF MATURITY 24/05/2028 10.00% A- (INDIA_RATINGS) 2028-05-24 11.75% 2026-08-03
INE0BUS07BT3 IML-12.50%-28-5-28-PVT 12.50% BBB (CRISIL) 2028-05-28 11.15% 2026-08-03
IN80BUS07022 12.50% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE DATE OF MATURITY 28/05/2028 12.50% 2028-05-28
Compare (/) Compare Bonds

YTM and Last Trade depend on secondary-market volume — shown only for bonds with a recorded BSE/NSE trade.

05 Market Activity

Last 30 days, across all outstanding bonds from this issuer.

Traded Value (Last 30 Days)
₹0.0 Cr
Number of Trades (Last 30 Days)
121
Avg. Yield (Last 30 Days)
11.52%
06 Regulatory Filings
Credit Rating Rationale
07 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 44 2026-05-27
Rating Actions History 1 2026-07-09
Secondary-Market Trades 289 2026-08-26
Reg52(4) Payment Disclosures 0

Methodology version 1.0. See full methodology for sources and limitations.

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Frequently Asked Questions
How many active bonds does Indel Money Limited have?

Indel Money Limited currently has 79 active bonds with coupons 9.00% - 13.20%, maturities spanning 2026 - 2032.

What is Indel Money Limited's credit rating?

The most recent rating on Indel Money Limited's bonds is A- (INDIA_RATINGS), published by ACUITE, CRISIL, INDIA_RATINGS, INFOMERICS.

Are Indel Money Limited's bonds secured?

Of the 79 bonds with a disclosed security status, 75 are secured (94%) and 4 are unsecured.

When do Indel Money Limited's bonds mature?

Indel Money Limited's active bonds mature between 2026 - 2032; the nearest matures in 2026-10; the average tenure is 1.6 Yrs.

What is the average coupon on Indel Money Limited's bonds?

The average coupon across Indel Money Limited's 79 active bonds is 10.91%.

Disclaimer: This page aggregates publicly available data about Indel Money Limited for informational purposes only. Ratings shown are the opinion of the issuing rating agency and are not buy/sell recommendations. RetailBonds.in does not issue its own ratings or investment advice. Verify all data against the issuer’s offer document before transacting.