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 [28th Nov 2023 to 1st Dec 2023]
Cholamandalam Investment And Finance Company Limited issues secured and Redeemable NCD comprises a Base issue size worth Rs 500.00 Cr and a Shelf issue size worth Rs 5000.00 Cr. The subscription is opening from 28 Nov 2023 to 11 Dec 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 24, 36, and 60 months with a coupon rate ranging from 8.39% to 8.60% 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: | 28th Nov 2023 |
| NCD Closing Date: | 1st Dec 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: | 24, 36 and 60 Months |
| Rating: | IND AA+/Stable by India Ratings & Research Private Limited and ICRA AA+ (Stable) by ICRA 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 | 28th Nov 2023 |
| NCD Issue Close | 1st Dec 2023 |
| BSE Code: | 3212 |
| BSE Script Symbol: | CIFCL03 |
| NSE Code: | CIFCL03 |
* - Tentative Dates
| Category Name | NCD's Reserved | NCD's Allocated |
|---|---|---|
| Institutional | 1000000 | 20% |
| Non-Institutional | 1750000 | 35% |
| HNI | 1250000 | 25% |
| Retail | 1000000 | 20% |
Cholamandalam Investment And Finance Company Limited was incorporated in 1978 and is categorized as NBFC-ICC. The company started its business with equipment financing and has since expanded its offerings to include vehicle financing, real estate loans, home loans, small and medium enterprise (“SME") loans, consumer and small business loans and secured business and personal loans. Through its subsidiaries, it also offers its customers stockbroking services and a range of other financial services.
Through their focus on technology and the use of data analytics, we have been able to drive the digitization of their operations, increase efficiency, reduce headcount and shorten processing times. They believe that their track record in all areas of business, prudent risk management and strong credit ratings are the key factors that have led to their growth over the years.
Their key business areas include:
Cholamandalam Investment and Finance Company Limited's revenue increased by 28.09% and profit after tax (PAT) rose by 23.98% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 113,626.90 | 82,478.68 |
| Revenue | 13,105.59 | 10,231.81 |
| Profit After Tax | 2,676.67 | 2,158.89 |
| Net Worth | ||
| Reserves and Surplus | ||
| Total Borrowing | ||
| Amount in ₹ Crore | ||
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
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 | 24 Months | 24 Months | 36 Months | 36 Months | 60 Months | 60 Months |
| Coupon (% per Annum) | 8.40% | NA | 8.50% | NA | 8.60% | NA |
| Effective Yield (% per Annum) | 8.39% | 8.40% | 8.49% | 8.50% | 8.59% | 8.60% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,175.32 | Rs 1,000.00 | Rs 1,277.58 | Rs 1,000.00 | Rs 1,511.28 |
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's 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 2023-12-04T05:32:53+00:00
