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NCD Status: Closed [25th Apr 2023 to 27th Apr 2023]
Cholamandalam Investment And Finance Company Limitedissues secured and Redeemable NCD comprises Base issue size worth of Rs 500.00 Cr and Shelf issue size of worth Rs 5000.00 Cr. The subscription is opening from 25 Apr 2023 to 09 May 2023. The company issues series I to VI 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 22, 37 and 60 months with a coupon rate ranging from 8.25% - 8.40% per annum.
Check more about the Cholamandalam Investment And Finance Company Limited including credit rating, Coupon rates for each series, the basis of allotment, payment frequency, and more.
| NCD Opening Date: | 25th Apr 2023 |
| NCD Closing Date: | 27th Apr 2023 |
| NCD Type: | Secured NCD |
| Issue Size (Base): | ₹500.00Cr |
| Issue Size (Shelf): | ₹5000.00Cr |
| 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, NSE |
| Tenor: | 22, 37 and 60 months |
| Rating: | ICRA AA+ (Stable) by ICRA Limited and IND AA+ (Stable) by India Ratings & Research Private Limited |
| Series: | Series I to VI |
| Payment Frequency: | Annually and Cumulative |
| Basis of Allotment: | |
| Interest on return: |
Zerodha Trade@20
| NCD Activity | Date |
|---|---|
| NCD Issue Open | 25th Apr 2023 |
| NCD Issue Close | 27th Apr 2023 |
| BSE Code: | 3000 |
| BSE Script Symbol: | CIFCL01 |
| NSE Code: | CIFCL01 |
* - Tentative Dates
| Category Name | NCD's Reserved | NCD's Allocated |
|---|---|---|
| Institutional | 1000000 | 20% |
| Non-Institutional | 1250000 | 25% |
| HNI | 1250000 | 25% |
| Retail | 1500000 | 30% |
Cholamandalam Investment and Finance Company is a non-banking finance company, incorporated in 1978. They commenced business as an equipment financing company and have since expanded their operations to offer vehicle finance, loan against property, home loans, loans to small and medium-sized enterprises (SME), consumer and small enterprise loans and secured business and personal loans. They also offer stock broking and a variety of other financial services to customers through their Subsidiaries.
They have leveraged their knowledge and experience in the vehicle finance industry and their relationships with OEMs and dealers to grow their operations and expand their operating network. Their focus on technology and data analytics has allowed them to drive and digitize their operations, improve efficiency, and reduce manpower and turnaround time. They believe that their track record of financial performance across their businesses, prudent risk management practices and strong credit ratings are key factors that have resulted in their growth over the years. In addition, being a part of the Murugappa group they have been able to derive significant synergies by leveraging their brand and existing customer base.
Their principle business segments includes:
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-18 | 44,089.73 | 5,479.66 | 918.30 |
| 31-Mar-19 | 57,490.12 | 7,108.83 | 1,196.94 |
| 31-Mar-20 | 64,058.38 | 8,712.63 | 1,053.72 |
| 31-Mar-21 | 74,644.16 | 9,639.72 | 1,521.39 |
| 31-Mar-22 | 82,478.68 | 10,231.81 | 2,158.89 |
| Amount in ₹ Crore | |||
Cholamandalam Investment and Finance Company Limited NCD Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 |
|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Annual | Cumulative | Annual | Cumulative | Annual | Cumulative |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 22 Months | 22 Months | 37 Months | 37 Months | 60 Months | 60 Months |
| Coupon (% per Annum) | 8.25% | NA | 8.30% | NA | 8.40% | NA |
| Effective Yield (% per Annum) | 8.26% | 8.25% | 8.30% | 8.30% | 8.39% | 8.40% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,156.64 | Rs 1,000.00 | Rs 1,279.15 | Rs 1,000.00 | Rs 1,497.40 |
Cholamandalam Financial Holdings Limited, Ambadi Investments Limited, M V Subbiah, M A Alagappan, A Vellayan, A Venkatachalam, M M Murugappan, M M Venkatachalam, M A M Arunachalam, S Vellayan, Arun Alagappan, M M Veerappan, V Narayanan, V Arunachalam, M M Muthiah, M V Muthiah, Arun Venkatachalam, M V Subramanian, M V Murugappan HUF, M V Subbiah HUF, M A Alagappan HUF, A Vellayan HUF, A Venkatachalam HUF, M M Murugappan
HUF, M A M Arunachalam HUF, M M Venkatachalam HUF, M M Muthiah HUF, A M M Arunachalam HUF, Murugappa & Sons (M V Subbiah, M A Alagappan & M M Murugappan hold shares on behalf of the firm) Tube Investments of India Limited New Ambadi Estates Private Limited, Coromandel International Limited, Ambadi Enterprises Limited, Carborundum Universal Limited, E.I.D. Parry (India) Limited, M A Alagappan (holds shares on behalf of Kadamane Estates) are the company promoters.
The company has received a rating of ICRA AA+ (Stable) by ICRA Limited and IND AA+ (Stable) by India Ratings & Research Private Limited for the NCDs proposed to be issued pursuant to this Issue.
Last Updated on 2023-04-30T03:30:20+00:00
