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Indel Money Limited — Bonds & BBB+ (CRISIL) Rating

NBFC · Financial Services

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Methodology v1.0 Download Report (PDF) Watch
Agency Rating
BBB+ (CRISIL)
Most common current rating on senior bonds
9 of 19 rated · CRISIL, 31 Jan 2026
Total Debt Outstanding
₹2,559 Cr
Across 86 instruments
Active Bonds
86
First Issue
25 Oct 2021
Latest Issue
24 Aug 2026
Maturity Range
2026 - 2036
Observation
86 active bonds tracked from this issuer.
View details →
Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies
Issuer health card 1 item to look at
  • Current ratings CRISIL BBB+, India Ratings A-, Infomerics A-
  • Rating range Current ratings range from BBB (CRISIL 30 Jun 2025) to A- (India Ratings 30 Jun 2026, Infomerics 31 Jan 2026)
  • Rating direction, 12 months 0 upgrades, 0 downgrades
  • Watch / negative outlook None in 12 months
  • Issuer not cooperating No such actions in 12 months
  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months
  • Newest agency rating Dated 17 Sep 2026
  • Payment record No payment disclosures since 17 Jul 2026
  • Defaults on record No bond marked defaulted
  • Traded in the last 30 days 20 of 86 active bonds had an exchange trade
  • Exchange filings, 90 days 0 filings on NSE/BSE

A checklist of published facts, not a rating or a view on credit quality. Ratings are the agencies' own; payment record covers NSE disclosures since 17 Jul 2026; "late" means paid more than 3 days after the due date (next-working-day payments are allowed). Rating range covers every current rating on the issuer's active bonds, with each agency's rating date. Rating actions count only when the agency's heading names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility. Rating age uses the newest rating date on file and is flagged when older than 12 months. See methodology.

Alert me about Indel Money Limited An email when a rating agency acts on this issuer (including any cut to default grade D) or a payment is disclosed late or short. Free, no account needed.
01 Issuer Overview
Sector
Financial Services
Issuer Type
NBFC
First Tracked Bond
25 Oct 2021
Start of this issuer's debt program timeline
  • 86 active bonds tracked from this issuer.
  • 82 of 86 tracked bonds with a stated security status are secured. (based on 86 bonds with a disclosed security status)
  • Most recent rating action: reaffirm by CRISIL on 17 Sep 2026.

Operating in the Financial Services sector, Indel Money Limited is classified as an NBFC. Bond coupons here span 4.00% - 13.20%, paid monthly. The maturity ladder spans 2026 - 2036.

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
86
Tracked by RetailBonds
Amount Tracked
₹2,559 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt (disclosed for 84 of 86 bonds)
Avg Coupon
10.79%
Range 4.00% - 13.20%
Avg Remaining Tenure
1.8 Yrs
Nearest maturity Nov 2026
Secured
95%
82 of 86 bonds with known status
Callable
0
Of 86 bonds
Avg Spread vs G-Sec
+415 bps
Credit premium, from 10 bonds with a current market yield

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (32 bonds).

0 2026: 8 bonds, ₹206 Cr tracked, avg coupon 11.26% 8 bonds 2026 2027: 26 bonds, ₹327 Cr tracked, avg coupon 10.80% 26 bonds 2027 2028: 32 bonds, ₹709 Cr tracked, avg coupon 10.50% 32 bonds 2028 2029: 8 bonds, ₹479 Cr tracked, avg coupon 11.21% 8 bonds 2029 2030: 5 bonds, ₹340 Cr tracked, avg coupon 12.39% 5 bonds 2030 2031: 3 bonds, ₹291 Cr tracked, avg coupon 11.38% 3 bonds 2031 2032: 3 bonds, ₹204 Cr tracked, avg coupon 11.88% 3 bonds 2032 2036: 1 bond, ₹3 Cr tracked, avg coupon 4.00% 1 bond 2036

Security Type / Instrument Mix

  • NCD 86 bonds · 100% · ₹2,559 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: ₹838 Cr issued 2025 2026: ₹1,453 Cr issued 2026 Cumulative: ₹44 Cr Cumulative: ₹76 Cr Cumulative: ₹122 Cr Cumulative: ₹269 Cr Cumulative: ₹1,106 Cr Cumulative: ₹2,559 Cr

Based on 84 of 86 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.

03 Credit Profile
  • A 14 bonds · 16%
  • BBB 27 bonds · 31%
  • Unrated 45 bonds · 52%
AgencyRatingOutlookBonds
CRISIL BBB+ — 5
India Ratings A- Stable 5
CRISIL BBB+ Stable 4
Infomerics A- Stable 3
CRISIL BBB Stable 2
CRISIL BBB+ NSDL record — 11
Infomerics A- NSDL record — 6
CRISIL BBB NSDL record — 3
Acuité BBB+ NSDL record — 2

Recent Rating Actions

17 Sep 2026 · CRISIL
BBB+
Reaffirmed · Stable
9 Jul 2026 · CRISIL
—
Update
NCD Public Issues
04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
INE0BUS07BQ9 Indel Money 11.00% Nov 2026 NCD 11.00% BBB+ (CRISIL) 2026-11-11 — 2026-10-01
INE0BUS07BR7 Indel Money 11.25% Nov 2026 NCD 11.25% BBB (CRISIL) 2026-11-13 — 2026-09-29
INE0BUS07130 Indel Money 11.00% Nov 2026 NCD 11.00% — 2026-11-15 — —
INE0BUS07BS5 Indel Money 11.25% Nov 2026 NCD 11.25% BBB+ (CRISIL) 2026-11-19 — 2026-10-19
INE0BUS07148 Indel Money 10.82% Nov 2026 NCD 10.82% — 2026-11-22 — —
INE0BUS08013 Indel Money 12.00% Nov 2026 NCD 12.00% BBB (CRISIL, NSDL record 2021) 2026-11-24 — —
INE0BUS08021 Indel Money 12.00% Nov 2026 NCD 12.00% BBB (CRISIL, NSDL record 2021) 2026-11-24 — —
INE0BUS07254 Indel Money 10.75% Dec 2026 NCD 10.75% — 2026-12-09 — —
INE0BUS07BU1 Indel Money 11.25% Feb 2027 NCD 11.25% BBB (CRISIL) 2027-02-03 10.50% 2026-10-22
INE0BUS07AU3 Indel Money Feb 2027 NCD — BBB+ (CRISIL, NSDL record 2023) 2027-02-15 — —
INE0BUS07AS7 Indel Money 10.75% Feb 2027 NCD 10.75% BBB+ (CRISIL, NSDL record 2023) 2027-02-15 — —
INE0BUS07403 Indel Money 12.00% Feb 2027 NCD 12.00% — 2027-02-28 — —
INE0BUS07BV9 Indel Money 11.25% Mar 2027 NCD 11.25% BBB+ (CRISIL) 2027-03-17 10.90% 2026-11-04
INE0BUS07BW7 Indel Money 11.25% Apr 2027 NCD 11.25% BBB+ (CRISIL) 2027-04-23 11.00% 2026-10-08
IN80BUS07048 Indel Money 11.25% Apr 2027 NCD 11.25% — 2027-04-23 — —
INE0BUS07494 Indel Money 11.00% Apr 2027 NCD 11.00% — 2027-04-30 — —
INE0BUS07BG0 Indel Money May 2027 NCD — BBB+ (CRISIL, NSDL record 2024) 2027-05-07 — —
INE0BUS07BI6 Indel Money 11.00% May 2027 NCD 11.00% BBB+ (CRISIL, NSDL record 2024) 2027-05-07 — —
INE0BUS07569 Indel Money 11.00% Jul 2027 NCD 11.00% BBB+ (Acuité, NSDL record 2022) 2027-07-27 — —
INE0BUS07619 Indel Money 10.55% Jul 2027 NCD 10.55% — 2027-07-30 — —
INE0BUS07635 Indel Money 9.00% Jul 2027 NCD 9.00% — 2027-07-30 — —
INE0BUS07676 Indel Money 11.00% Aug 2027 NCD 11.00% — 2027-08-18 — —
INE0BUS08039 Indel Money Sep 2027 NCD — BBB (CRISIL, NSDL record 2021) 2027-09-24 — —
INE0BUS07CP9 Indel Money 9.00% Sep 2027 NCD 9.00% — 2027-09-28 — —
INE0BUS07CU9 Indel Money Sep 2027 NCD — — 2027-09-28 — —
INE0BUS07726 Indel Money 10.00% Oct 2027 NCD 10.00% — 2027-10-27 — —
INE0BUS07734 Indel Money 11.00% Oct 2027 NCD 11.00% — 2027-10-27 — —
INE0BUS07718 Indel Money 10.55% Oct 2027 NCD 10.55% — 2027-10-27 — —
INE0BUS07CE3 Indel Money 9.75% Oct 2027 NCD 9.75% A- (Infomerics, NSDL record 2025) 2027-10-30 10.75% 2026-10-28
INE0BUS07BZ0 Indel Money Oct 2027 NCD — A- (Infomerics, NSDL record 2025) 2027-10-30 — —
INE0BUS07BM8 Indel Money 13.00% Nov 2027 NCD 13.00% BBB+ (CRISIL) 2027-11-25 — —
INE0BUS07775 Indel Money 10.55% Dec 2027 NCD 10.55% — 2027-12-03 — —
INE0BUS07783 Indel Money 10.55% Dec 2027 NCD 10.55% — 2027-12-03 — —
INE0BUS07767 Indel Money 11.00% Dec 2027 NCD 11.00% — 2027-12-03 — —
INE0BUS07817 Indel Money 11.00% Jan 2028 NCD 11.00% — 2028-01-17 — —
INE0BUS07791 Indel Money 9.00% Jan 2028 NCD 9.00% — 2028-01-17 — —
INE0BUS07809 Indel Money 10.55% Jan 2028 NCD 10.55% — 2028-01-17 — —
INE0BUS07CH6 Indel Money 10.50% Jan 2028 NCD 10.50% A- (Infomerics) 2028-01-23 10.72% 2026-11-04
INE0BUS07833 Indel Money 9.00% Feb 2028 NCD 9.00% — 2028-02-24 — —
INE0BUS07CN4 Indel Money 9.75% Mar 2028 NCD 9.75% A- (India Ratings) 2028-03-30 11.42% 2026-11-05
INE0BUS07858 Indel Money 11.00% Mar 2028 NCD 11.00% — 2028-03-31 — —
INE0BUS07866 Indel Money 10.55% Mar 2028 NCD 10.55% — 2028-03-31 — —
INE0BUS07CK0 Indel Money 10.00% Apr 2028 NCD 10.00% A- (India Ratings) 2028-04-17 11.48% 2026-10-30
INE0BUS07908 Indel Money 11.00% Apr 2028 NCD 11.00% — 2028-04-28 — —
INE0BUS07890 Indel Money 10.55% Apr 2028 NCD 10.55% — 2028-04-28 — —
INE0BUS07999 Indel Money 10.55% May 2028 NCD 10.55% — 2028-05-18 — —
INE0BUS07CM6 Indel Money 10.00% May 2028 NCD 10.00% A- (India Ratings) 2028-05-24 11.05% 2026-10-08
INE0BUS07BT3 Indel Money 12.50% May 2028 NCD 12.50% BBB+ (CRISIL) 2028-05-28 11.69% 2026-11-06
IN80BUS07022 Indel Money 12.50% May 2028 NCD 12.50% — 2028-05-28 — —
INE0BUS07BX5 Indel Money 12.00% Jul 2028 NCD 12.00% BBB+ (CRISIL) 2028-07-23 11.18% 2026-11-06
Compare (/) Compare Bonds

YTM is the market yield from the latest BSE/NSE trade. It shows “—” when that trade is over 30 days old, the bond is under 30 days from maturity, it is a market-linked debenture, or the price failed our checks (hover the dash for the reason). A coupon is never shown as a yield.

More bonds from this issuer (22)
05 Market Activity

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

BSE Traded Value (Last 30 Days)
—
Number of Trades (Last 30 Days)
196
Avg. Yield (Last 30 Days)
11.33%
06 Regulatory Filings
Credit Rating Rationale
07 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 41 2026-06-30
Rating Actions History 2 2026-09-17
Secondary-Market Trades 646 2026-11-06
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 86 active bonds with coupons of 4.00% - 13.20%, maturities spanning 2026 - 2036.

What is Indel Money Limited's credit rating?

The most common current rating on Indel Money Limited's senior bonds is BBB+ (CRISIL). Ratings on file come from CRISIL, India Ratings, Infomerics.

Are Indel Money Limited's bonds secured?

Of the 86 bonds with a disclosed security status, 82 are secured (95%) and 4 are unsecured.

When do Indel Money Limited's bonds mature?

Indel Money Limited's active bonds mature between 2026 - 2036; the nearest matures in Nov 2026; the average tenure is 1.8 Yrs.

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

The average coupon across Indel Money Limited's 86 active bonds is 10.79%.

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.