Chemmanur Credits and Investments NCD

Chemmanur Credits and Investments NCD is open for subscription from 16 October 2023. The company aims for a base issue size of ₹50 Crores.

About the company

Chemmanur Credits and Investments is a non-deposit-taking, non-banking financial company (base layer) registered with the RBI. It is primarily engaged in the gold loan sector lending money against the pledge of household gold jewelry (‘Gold Loans’). It also provides microfinance loans, business and personal loans, money transfer services, and distribution of third-party insurance products.

The company has been engaged in the lending business for more than 13 years and is based in Kerala, India. As of 30 September 2023, the company operated through 222 branches located across 5 states namely Kerala, Tamil Nadu, Andhra Pradesh, Maharashtra, and Karnataka managed through its registered office located at Thrissur, Kerala, and employed 1,172 persons in its business operations.

The company is a part of Boby Chemmanur Group which is engaged in a diverse range of businesses and is based in Kerala, India. The group has retail gold jewellery showrooms in the USA and the Middle East apart from those in India. The Boby Chemmanur Group has received BIS certification for the purity of gold. For the three months ended 30 June 2023, and FY 2023, 2022, and 2021, Chemmanur Credits and Investments held 0.85 tonnes, 0.86 tonnes, 0.87 tonnes, and 0.87 tonnes of gold jewelry respectively, as security for all gold loans.

Objectives of the Issue

  • For the purpose of onward lending, financing, and for repayment/prepayment of principal and interest on borrowings of the Company.
  • General corporate purposes.

Chemmanur Credits and Investments NCD Details

Issue OpenOctober 16, 2023 – October 30, 2023
Security NameChemmanur Credits and Investments Limited
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base)₹50 Crores
Issue Size (Shelf)₹100 Crores
Issue Price₹1000 per NCD
Face Value₹1000 for each NCD
Minimum Lot size10 NCD
Market Lot1 NCD
Listing AtBSE
Credit RatingCRISIL BBB-/Stable
Tenor366 days, 18, 24, 36, 60, 12 and 74 months
SeriesSeries I to VIII
Payment FrequencyMonthly and Cumulative
Basis of AllotmentFirst Come First Serve Basis
Debenture Trustee/sMitcon Credentia Trusteeship Services Limited

Chemmanur Credits and Investments NCD Options and Coupon Rates

OptionTenureInterest PaymentCoupon RateEffective YieldMaturity Amount
Series 1366 daysMonthly9.50%9.92%₹1,000
Series 218 monthsMonthly10.50%11.02%₹1,000
Series 324 monthsMonthly10.75%11.30%₹1,000
Series 436 monthsMonthly11.00%11.57%₹1,000
Series 560 monthsMonthly11.50%12.13%₹1,000
Series 612 monthsCumulativeNA9.50%₹1,095
Series 724 monthsCumulativeNA10.75%₹1,226.56
Series 874 monthsCumulativeNA11.90%₹2,000

Chemmanur Credits and Investments NCD Rating

The NCDs proposed to be issued have been rated ‘CRISIL BBB-/Stable’ by CRISIL Ratings Limited.

Chemmanur Credits and Investments Company Financials

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Profit After Tax0.802.669.24
Net Worth85.3288.0587.94
Reserves and Surplus27.4128.0527.94
(Amount in ₹ Crore)

Chemmanur Credits and Investments NCD Allocation Ratio

Category NCD’s Allocated
Category 40%

Company Promoters

  • Chemmanur Devassykutty Boby

Chemmanur Credits and Investments NCD Lead Manager

607/608 Marathon Icon, Opp. Peninsula
Corporate Park Off. Ganpatrao Kadam Marg,
Veer Santaji Lane, Lower Parel,
Mumbai-400 013, Maharashtra, India
Phone: +91 22 6666 8040/41/42

Chemmanur Credits and Investments Registrar

Selenium Tower B, Plot No – 31 & 32,
Financial District, Nanakramguda,
Serilingampally, Hyderabad Rangareddi,
500 032, Telangana, India
Phone: +91 40 6716 2222

Company Contact Details

Mangalodhayam Building, Round South
Thrissur – 680001 Kerala, India
Phone: +910487-6621200/2424010

Final Thoughts

Non-convertible debentures (NCDs) are a better investment option for those who are looking for a diversified portfolio. investing in Chemmanur Credits and Investments NCD is purely your personal choice. make a good study and analysis before you make the investment.

Happy Investing

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