Ad www.AngelOne.in
FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Ad www.AngelOne.in
NCD Status: Closed [20th Feb 2024 to 4th Mar 2024]
Chemmanur Credits and Investments Limited is issuing secured and redeemable NCDs with a base issue size of Rs 50.00 Cr and an Oversubscription issue size of Rs 50.00 Cr. The subscription period is opening from 20 Feb to 04 Mar 2024 and the company is issuing Series I to VIII at an issue price of Rs. 1000 per NCD. The lot size of NCD is about of 10 lots , so the total cost for NCD is Rs 10,000. The face value of each NCD is Rs. 1000. The tenure of the NCDs is 365 days, 18, 24, 36, 60 and 72 months with a coupon rate of 9.50% to10.75% per annum.
Learn more about Chemmanur Credits and Investments Limited including credit rating, coupon rates for each series, basis of allotment, payment frequency and more.
| NCD Opening Date: | 20th Feb 2024 |
| NCD Closing Date: | 4th Mar 2024 |
| NCD Type: | Secured NCD |
| Issue Size (Base): | ₹50.00Cr |
| Issue Size (Shelf): | |
| Face Value: | Rs 1000 each NCD |
| Issue Price: | Rs 1000 per NCD |
| Market Lot: | 1 NCD |
| Min Order Qty: | 10 NCD |
| Min Order Amount: | Rs 10000 |
| Listing at: | BSE |
| Tenor: | 366 Days, 12, 18, 24, 36, 60, and 72 Months |
| Rating: | IND BBB-/Stable by India Ratings and Research Private Limited. |
| Series: | Series I to VIII |
| Payment Frequency: | Monthly and Cumulative |
| Basis of Allotment: | |
| Interest on return: |
Zerodha Trade@20
| NCD Activity | Date |
|---|---|
| NCD Issue Open | 20th Feb 2024 |
| NCD Issue Close | 4th Mar 2024 |
| BSE Code: | 3324 |
| BSE Script Symbol: | CCILNCDIII |
* - Tentative Dates
| Category Name | NCD's Reserved | NCD's Allocated |
|---|---|---|
| Institutional | 50000 | 10% |
| Non-Institutional | 200000 | 40% |
| Retail | 250000 | 50% |
Chemmanur Credits and Investments Limited was incorporated in December 2008. It is a non-banking financial company primarily offering gold loans against pledge of household gold jewellery (“Gold Loans") in Kerala, Tamil Nadu, Karnataka, Andhra Pradesh and Maharashtra. The company also offers microfinance loans, business and personal loans, money transfer services and the sale of insurance products.
The company is part of the Boby Chemmanur Group, which operates in various business segments and is headquartered in Kerala, India. Apart from India, the group also operates retail gold jewellery stores in the US and the Middle East. Boby Chemmanur Group has received BIS certification for the purity of gold.
Its founder is Chemmanur Devassykutty Boby, commonly known as Boby Chemmanur, the Chairman and Managing Director of the company. Currently, the company offers various gold loan programmes tailored to customers' individual needs. Gold loans are currently offered with terms of up to 180 days. The programmes differ in terms of the interest rate payable, the advance amount per gramme of gold, the term and the loan amount.
In the microfinance sector (“ microfinance loans"), unsecured loans are granted to a group of female customers (at least 5 people) for their business and personal needs.
Chemmanur Credits and Investments Limited's revenue increased by 13.22% and profit after tax (PAT) dropped by -69.81% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 499.42 | 430.46 | 418.67 |
| Revenue | 83.21 | 73.49 | |
| Profit After Tax | 0.80 | 2.66 | |
| Reserves and Surplus | 27.41 | 26.52 | 27.94 |
| Amount in ₹ Crore | |||
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
Chemmanur Credits and Investments Limited NCD Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 |
|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Monthly | Monthly | Monthly | Monthly | Cumulative | Cumulative | Cumulative |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 366 Days | 18 Months | 24 Months | 36 Months | 60 Months | 12 Months | 24 Months | 72 Months |
| Coupon (% per Annum) | 9.50% | 10.50% | 10.75% | 11.00% | 11.50% | NA | NA | NA |
| Effective Yield (% per Annum) | 9.92% | 11.02% | 11.30% | 11.57% | 12.13% | 9.50% | 10.75% | 12.25% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,095.00 | Rs 1,226.56 | Rs 2,000.41 |
Chemmanur Devassykutty Boby is the promoter of the company.
Last Updated on 2024-03-07T05:33:11+00:00
