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Opening Date
13 Oct 2025
Closing Date
28 Oct 2025
Yield
UPTO 12.25%
Tenure
UPTO 72 MONTHS
Ongoing IPO
Opening Date
13 Oct 2025
Closing Date
28 Oct 2025
Time to close
Yield
UPTO 12.25%
Tenure
UPTO 72 MONTHS
| Issue Size (Including Green Shoe Option) | 300 | ||
| Face Value | 1000 | ||
| Coupon | UPTO 11.25% | ||
| Minimum Number of Bonds | 10 | ||
| Lot Size (Multiplier) | 1 | ||
| Allotment Date (Tentative) | 4 Nov 2025 | ||
| Listing Date (Tentative) | 5 Nov 2025 | ||
| Exchange Bid Time (24 Hours) | 10:00 to 17:00 | ||
Documents attached
*Allotment on first come first serve basis
Series | I | II | III | IV | V | VI | VII | VIII |
Nature Of NCDs | Secured Rated Listed Redeemable Non-Convertible Debentures | |||||||
Who Can Apply | Everyone | |||||||
Tenure | 366 Days | 366 Days | 24 Months | 24 Months | 36 Months | 36 Months | 60 Months | 72 Months |
Frequency of Interest payment | MONTHLY | CUMULATIVE | MONTHLY | CUMULATIVE | MONTHLY | CUMULATIVE | MONTHLY | CUMULATIVE |
Best Coupon Rate (% p.a.) for: | ||||||||
Category 1 | 9.00 % | -N.A.- | 9.75 % | -N.A.- | 10.25 % | -N.A.- | 11.25 % | -N.A.- |
Category 2 | 9.00 % | -N.A.- | 9.75 % | -N.A.- | 10.25 % | -N.A.- | 11.25 % | -N.A.- |
Category 3 | 9.00 % | -N.A.- | 9.75 % | -N.A.- | 10.25 % | -N.A.- | 11.25 % | -N.A.- |
Category 4 | 9.00 % | -N.A.- | 9.75 % | -N.A.- | 10.25 % | -N.A.- | 11.25 % | -N.A.- |
Effective Yield (% p.a.) for: | ||||||||
Category 1 | 9.38 % | 9.00 % | 10.20 % | 9.75 % | 10.74 % | 10.25 % | 11.84 % | 12.25 % |
Category 2 | 9.38 % | 9.00 % | 10.20 % | 9.75 % | 10.74 % | 10.25 % | 11.84 % | 12.25 % |
Category 3 | 9.38 % | 9.00 % | 10.20 % | 9.75 % | 10.74 % | 10.25 % | 11.84 % | 12.25 % |
Category 4 | 9.38 % | 9.00 % | 10.20 % | 9.75 % | 10.74 % | 10.25 % | 11.84 % | 12.25 % |
Application process on BondsIndia platform is simple and seamless.
•Click on the details of the company on the home page
•Fill in the Application form with the basic details such as Name, email address, mobile number, Pan details, bank and Demat details
•Then, confirm the quantity and price and select payment method.
•That's all folks , bidding complete!
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BondsIndia is an online platform for fixed-income securities such as IPOs, bonds, 54EC bonds, and fixed deposits. With a cumulative pedigree of 50+ years in the bond market, we aim to democratize the market for common investors by stationing detailed insights, expert advice, and keeping a close watch on the market sentiment. BondsIndia brings up-to-date information when IPOs go live, fixed deposits with higher interests, and bonds with competitive price before anyone else.
BondsIndia ditches the traditional ways of investing by offering a Technology based platform for investors that ensures instant online settlements and reduces counter-party risks. Choose BondsIndia for its sleek interface, fail-safe communication and step-by-step guide to ensure a well-placed bid. You can apply for Edelweiss Financial Services Limited IPO on BondsIndia's website.
Place your bid in three simple steps:
Key in Basic Details
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Place the bid
Application process on BondsIndia platform is simple and seamless.
Reach out to on info@bondsindia.com for more questions. Thank you for tuning in with BondsIndia.
Indel Money Limited, part of the diversified Indel Group, is a RBI registered NBFC Mid Layer specializing in gold loans with a focus on rural and semi-urban markets. Originally founded under a moneylenders license in Kerala, the company has grown into a regulated financial services provider with a network of 373 branches across 12 states and 3 union territories. Its core business is lending against household gold jewelry, supported by complementary offerings such as loans against property, business loans, and personal loans.
Comfortable capitalisation
IMLs capitalisation remained comfortable, with net worth of Rs.364.74 crore as of June 30,2025 (Rs.319.45 crore as of March 31, 2025), supported by continuous capital infusion from the promoters. During FY25 (April 1, 2024 to March 31, 2025), the promoters infused Rs.100 crore (this included Bonus Shares of Rs 37.04 crore and Promoter infusion of Rs 62.96 crore), followed by an additional equity infusion of Rs.21.85 crore in Q1 FY26. According to the management, the promoters plan to infuse approximately Rs.80.00 crore during FY26 to further support the companys growth. IMLs gearing stood at 4.64 x at the end of Q1 FY26, up from 4.44 x in FY25, primarily due to increased borrowings.
Experienced promoters and management team
IML is promoted by Mr. Mohanan Gopalakrishnan, the Chairman and Managing Director, a seasoned banking professional with over 38 years of experience. He is joined by his son, Mr. Umesh Mohanan, the Executive Director and CEO, who brings more than two decades of experience in the financial services sector and currently spearheads the companys operations. The leadership team is supported by a highly qualified and professional Board of Directors and management team. Of the nine directors on the board, four are independent directors, each with over 30 years of experience in the financial sector, contributing to growth of IML.
Average albeit improving asset quality
IMLs asset quality remained average albeit consistent improvement in the last fifteen months on the back of reduction of exposure to unsecured loans and adoption of technology driven risk management systems, strong credit appraisal policies and processes and robust recovery mechanism. Given the focus of the management on gold loan segment and reduction of ticket sizes in non gold segment, Infomerics believes that the asset quality will continue to be healthy in the near to medium term.
Regional concentration of operations
Despite IMLs presence in 14 states/union territories through 369 branches, its operations are regionally concentrated with southern states, viz. Karnataka, Tamil Nadu, Andhra Pradesh, Telangana and Kerala contributing to 65% of total AUM. Going forward, the ability of the company to increase its branch network in other parts of the country and reduce its concentration to southern states will be a key rating sensitivity.
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