Mumbai, Aug. 17 -- Indel Money has announced the public issue of 50 lakh Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs 1000 each for an amount aggregating up to Rs 500 crore.

The base size issue is Rs 250 crore, with an option to retain over-subscription up to an additional Rs 250 crore (Green Shoe Option) aggregating up to Rs 500 crore.

The issue is scheduled to open on 18 August 2026 and close on 31 August 2026, with an option of early closure or extension.

There are 9 series of NCDs carrying fixed coupons and having a tenure of 400 Days, 24 Months, 36 Months, 60 Months and 72 Months with monthly and cumulative interest payment options.

An effective yield (per annum) for the NCD holders in all categori...