The effective yield ranges from a minimum of 9 per cent/9.38 per cent for a NCD of 400 days under the cumulative/monthly option to 12.12 per cent/12.25 per cent for a NCD of 72 months under the monthly/cumulative option, per the gold loan company’s NCD prospectus.
The minimum application size is ₹10,000 across all Series of NCDs and in multiples of ₹1,000 thereafter. The NCD issue, which comprises a base issue of ₹250 crore, with an option to retain oversubscription up to ₹250 crore, aggregating up to a total ₹500 crore, opens on August 18, 2026, and closes on August 31, 2026.
Credit demand
Umesh Mohanan, Whole Time Director, Indel Money, said: “With the Indian economy continuing to demonstrate resilience and credit demand remaining healthy, organised lenders, including gold loan NBFCs, have an important role to play in meeting the financing requirements of individuals and businesses.
“This fund raise will further strengthen our capital position and support our ability to meet evolving credit demand, pursue our long-term growth objectives and comply with regulatory requirements.”
