Indel Money is planning to raise up to ₹500 crore through a public issue of non-convertible debentures (NCDs). The offering is structured across multiple series, with a minimum application size of ₹10,000 and applications in multiples of ₹1,000 thereafter.
According to reports, the issue is scheduled to open on August 18 and close on August 31, with an option for early closure. The company says it will use the proceeds for onward lending, refinancing existing debt, and general corporate purposes. The sources focus primarily on the amount sought, the offer window, and the intended uses of funds, with no major differences in reported core terms such as size and tranche structure.
