Chemmanur Credits and Investments NCD

Chemmanur Credits and Investments NCD opens for subscription on 20 March 2024. 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 also offers business loans named Gramin Shakthi Loan (Business Loans) to customers for their business needs.

The company has been engaged in the lending business for more than 13 years and is based in Kerala, India. As of 31 December 2023, the company operated through 236 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 1,236 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 half year ended 30 September 2023, and financial year 2023, 2022, and 2021, the company held 0.86 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 onward lending, financing, and for repayment/prepayment of principal and interest on borrowings of the company; and
  • General corporate purposes.

Chemmanur Credits and Investments NCD Details

Issue OpenFebruary 20, 2024 – March 4, 2024
Security NameChemmanur Credits and Investments Limited
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base)₹50 Crores
Issue Size (Oversubscription)₹50 Crores
Overall Issue Size₹100 Crores
Issue Price₹1000 per NCD
Face Value₹1000 each NCD
Minimum Lot Size10 NCD
Market Lot1 NCD
Listing AtBSE
Credit RatingIND BBB-/Stable by India Ratings and Research Private Limited.
Tenor365 Days, 18, 24, 36, 60, and 72 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 872 monthsCumulativeNA12.25%₹ 2,000.41

Chemmanur Credits and Investments NCD Rating

  • The NCDs proposed to be issued under the Issue has been rated IND BBB-/Stable by India Ratings and Research Private Limited.

Company Financials

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Profit After Tax0.804.319.24
Net Worth87.41
Reserves and Surplus28.0527.94
(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 / 18003094001

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 decision.

Happy Investing

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