Fixed Alpha
A-

What do these ratings mean?

Credit ratings assigned by SEBI-registered agencies such as CRISIL, ICRA and CARE.

Sovereign BondsSOVEREIGN
These securities are the safest investments, backed by governments with a strong ability to meet financial obligations.
Highest SafetyAAA
Securities with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such securities carry lowest credit risk.
High SafetyAA+AAAA-
Securities with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such securities carry very low credit risk.
Adequate SafetyA+AA-
Securities with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such securities carry low credit risk.
Moderate SafetyBBB+BBBBBB-
Securities with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such securities carry moderate credit risk.
Moderate RiskBB+BBBB-
Securities with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations.
Moderate High RiskB+BB-
Securities with this rating are considered to have high risk of default regarding timely servicing of financial obligations.
Very High RiskCCC+CCCCCC-CC+CCCC-C+CC-
Securities with this rating are considered to have very high risk of default regarding timely servicing of financial obligations.
DefaultD
Securities with this rating are in default or are expected to be in default soon.

Indel Money Limited

INE0BUS07CJ2· Listed on BSE

11.46%

Yield

Tenure

2Y 4M 6D

Maturity Date

23 Jan 2029

Coupon Frequency

Monthly

Face Value

₹1,00,000

Nature

Secured

Coupon Rate

11.00%

About the Issuer

Indel Money Limited (IML), incorporated in 1986, is a Kerala-based, non-deposit-taking Non-Banking Financial Company (NBFC) and a part of Indel Corporation Private Limited. The company offers a diversified range of financial products, including gold loans, MSME loans, secured and unsecured business loans, loans to group companies, personal loans, trader loans, and fee-based money transfer services. IML is promoted by Mr. Mohanan Gopalkrishnan, Managing Director, and Mr. Umesh Mohanan, Chief Executive Officer, and benefits from the backing of the Indel Group, which has interests across financial services, automobiles, hospitality, infrastructure, media, communications, and entertainment. The Group's diversified presence and experienced leadership provide strong support to the company's business franchise.

Rating Rationale

Coupon ladder

Payment schedule of interest and principal

Feb '26Coupon

₹934

Mar '26Coupon

₹844

Apr '26Coupon

₹934

May '26Coupon

₹904

Jun '26Coupon

₹934

Jul '26Coupon

₹904

Aug '26Coupon

₹934

Sep '26Coupon

₹934

Oct '26Coupon

₹904

Nov '26Coupon

₹934

Dec '26Coupon

₹904

Jan '27Coupon

₹934

Feb '27Coupon

₹934

Mar '27Coupon

₹844

Apr '27Coupon

₹934

May '27Coupon

₹904

Jun '27Coupon

₹934

Jul '27Coupon

₹904

Aug '27Coupon

₹934

Sep '27Coupon

₹934

Oct '27Coupon

₹904

Nov '27Coupon

₹934

Dec '27Coupon

₹904

Jan '28Coupon

₹932

Feb '28Coupon

₹932

Mar '28Coupon

₹872

Apr '28Coupon

₹932

May '28Coupon

₹902

Jun '28Coupon

₹932

Jul '28Coupon

₹902

Aug '28Coupon

₹932

Sep '28Coupon

₹932

Oct '28Coupon

₹902

Nov '28Coupon

₹932

Dec '28Coupon

₹902

Jan '29Coupon+Principal

₹1,00,934

Bond Trading History

Trading history isn’t available for this instrument yet.

Data as of 17-Sep-2026

How to invest in this bond

Indel Money Limited

Login to your existing Equity broker (Eg. Zerodha, ICICI Direct) and purchase bonds from BSE/NSE just like equity using the following steps:

  1. Search for this specific bond. Copy its ISIN and enter in the Search bar of your broker app.INE0BUS07CJ2If that does not work, try its BSE scrip code:BSE977486
  2. Enter the quantity required.
  3. Enter following Price:₹1,00,004.48This is the Price at which you will earn Fixed Returns (Yield) of 11.46% if you hold the bond till maturity. If you enter a different price, then your returns will differ.
  4. Fund your wallet and place the order.
  5. Once the transaction is successful, bonds will get credited to your demat account next day (T+1) like equities.
  6. Interest and Principal will get directly deposited to your bank account linked with your Demat.