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NCD Status: Closed [16th Oct 2023 to 30th Oct 2023]
Chemmanur Credits And Investments Limited issues secured and Redeemable NCD comprises Base issue size worth of Rs 50.00 Cr and Shelf issue size of worth Rs 100.00 Cr. The subscription is opening from 16 Oct 2023 to 30 Oct 2023. The company issues series I to VIII at an issue price of Rs. 1000 per NCD. One can subscribe to the NCD with a minimum ticket size of Rs. 10,000 (10 NCDs) . The face value of each NCD is Rs 1000. The NCD tenor is 12, 18, 36, 60 and 74 months with a coupon rate ranging from 9.50% - 11.90% per annum.
Check more about the Chemmanur Credits And Investments Limited including credit rating, Coupon rates for each series, the basis of allotment, payment frequency, and more.
| NCD Opening Date: | 16th Oct 2023 |
| NCD Closing Date: | 30th Oct 2023 |
| NCD Type: | Secured NCD |
| Issue Size (Base): | ₹50.00Cr |
| Issue Size (Shelf): | ₹100.00Cr |
| 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, 18, 24, 36, 60, 12 and 74 months |
| Rating: | CRISIL BBB-/Stable by CRISIL Ratings 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 | 16th Oct 2023 |
| NCD Issue Close | 30th Oct 2023 |
| BSE Code: | 3178 |
| BSE Script Symbol: | CCILNCD2 |
* - 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 2008 and is a non-banking financial company (basic layer) registered with the RBI under registration number N-16-00185 dated June 10, 2010 under Section 45- IA of the RBI Act, primarily providing gold loans and money lending against pledge of household gold jewellery (“Gold Loans”) in the states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh and Maharashtra. It also provides microfinance loans, business and personal loans, money transfer services, and third-party insurance product distribution.
The company is part of the Boby Chemmanur Group, which operates in various business segments and is headquartered in Kerala, India. The group also operates retail gold jewellery stores in the U.S. and the Middle East, in addition to India. Boby Chemmanur Group has received BIS certification for gold purity. Its founder is Chemmanur Devassykutty Boby, popularly known as Boby Chemmanur, the chairman and managing director of the company. Currently, the company offers various gold lending programmes to meet the individual needs of its customers.
The Company also offers its customers business loans known as Gramin Shakthi Loan (“Business Loan”) for their business needs. These are secured business loans where the target customers are engaged in small businesses but currently rely on informal sources of financing. The purpose of this type of loan is to allow customers to expand their business. Gramin Shakthi loans help customers overcome difficulties in meeting their financing needs or obtaining working capital.
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 | 384.99 |
| Revenue | 83.21 | 73.49 | 74.74 |
| Profit After Tax | 0.80 | 2.66 | 9.24 |
| Net Worth | 85.32 | 88.05 | 87.94 |
| Reserves and Surplus | 27.41 | 28.05 | 27.94 |
| Total Borrowing | |||
| Amount in ₹ Crore | |||
The company proposes to utilise the funds which are being raised through the Issue:
1. For the purpose of onward lending, financing, and for repayment/prepayment of principal and interest on borrowings of the Company.
2. General corporate purposes.
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 | 74 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% | 11.90% |
| 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 2,000.00 |
Chemmanur Devassykutty Boby is the company promoter.
The NCDs proposed to be issued have been rated 'CRISIL BBB-/Stable' by CRISIL Ratings Limited.
Last Updated on 2023-11-02T06:32:52+00:00
