Chemmanur Credits and Investments NCD

Chemmanur Credits and Investments NCD

Chemmanur Credits and Investments NCD will open for subscription from 14 December 2022. the company aims for a base issue size of ₹50 Crores.

Chemmanur Credits and Investments Limited

CCIL is a non-deposit-taking, non-banking financial company (base layer) registered with the RBI. The company is primarily engaged in the gold loan sector lending money against the pledge of household gold jewelry (“Gold Loans”) in the state of Kerala, Tamil Nadu, and Karnataka. Chemmanur Credits and Investments Limited also provide Microfinance Loans, business and personal loans, money transfer services, and the distribution of third-party insurance products.

The company has been engaged in the lending business for more than 11 years and is based in Kerala, India. As of September 30, 2022, the company operated through 161 branches located across 3 states namely Kerala, Tamil Nadu & Karnataka managed through our registered office located at Thrissur, Kerala and we employ 881 persons in our 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 jewelry 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.

Objectives of the Issue

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

Chemmanur Credits and Investments NCD Dec 2022 Details

Issue OpenDec 14, 2022 – Jan 6, 2023
Security NameChemmanur Credits and Investments Limited
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base)Rs 50.00 Crores
Issue Size (Shelf)Rs 50.00 Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot1 NCD
Listing AtBSE
Credit RatingCRISIL BBB-/Stable
Tenor366 days, 18, 24, 36, 60 and 74 Months
SeriesSeries I to VIII
Payment FrequencyMonthly and Cumulative
Basis of AllotmentFirst Come First Serve Basis

Coupon Rates

NatureSeries 1Series 2Series 3Series 4Series 5Series 6Series 7Series 8
Frequency of Interest PaymentMonthlyMonthlyMonthlyMonthlyMonthlyCumulativeCumulativeCumulative
Tenor366 days18 months24 months36 months60 months24 months36 months74 months
Coupon Rate (Retail)9.50%10.50%10.75%11.00%11.50%NANANA
Effective Yield (% per Annum)9.92%11.02%11.30%11.57%12.13%10.75%11.00%11.90%
Amount on MaturityRs 1,000Rs 1,000Rs 1,000Rs 1,000Rs 1,000Rs 1,227Rs 1,368Rs 2,000

NCD Rating

The NCDs proposed to be issued under the Issue have been rated ‘CRISIL BBB-/Stable’ (pronounced as CRISIL triple B minus rating with Stable outlook) by CRISIL Ratings Limited.

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxReserves and Surplus
(Amount in ₹ Crore)

NCD Allocation Ratio

Category NCD’s Allocated

NCD’s Offered by Category

Category NCD’s Reserved
Total NCD’s500,000

Company Promoters

  • Chemmanur Devassykutty Boby

NCD Lead Manager(s)

  • Vivro Financial Services Private Limited

Chemmanur Credits NCD Registrar

KFin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Phone: 04067162222, 04079611000

Company Contact Information

Chemmanur Credits and Investments Limited
Mangalodhayam Building
Round South, Thrissur
680001, Kerala,
Phone: +91 0487-6621200/2424010

Final Thoughts

Non Convertible Debentures (NCD) 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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