# Indel Money to raise Rs 500 crore via NCD issue on August 18

2026-08-12T19:47:30+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet

Kerala-based gold loan NBFC Indel Money plans to raise up to Rs 500 crore through a public issue of non-convertible debentures (NCDs). The NCDs offer coupon rates between 9% and 11.50% per annum, with tenors from 400 days to 72 months. The minimum application is Rs 10,000, in multiples of Rs 1,000. The issue opens on August 18, 2026, and closes on August 31, 2026. It comprises a base issue of Rs 250 crore, with an option to retain oversubscription of up to Rs 250 crore. The company said funds will strengthen its capital position and support credit demand. Umesh Mohanan, Whole Time Director, cited India's resilient economy and the role of organised lenders. Investors can choose from cumulative or monthly payout options.

## Coverage

- thehindubusinessline.com <https://www.thehindubusinessline.com/markets/indel-money-planning-to-raise-up-to-500-cr-via-public-issue-of-ncds/article71336914.ece>

Tags: credit demand, gold loan NBFC, Indel Money, Kerala, NCD issue, retail bonds
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