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NCD Status: Closed [28th Jul 2023 to 3rd Aug 2023]
Cholamandalam Investment And Finance Company Limited issues 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 28 July 2023 to 10 Aug 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 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: | 28th Jul 2023 |
NCD Closing Date: | 3rd Aug 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 | 28th Jul 2023 |
NCD Issue Close | 3rd Aug 2023 |
BSE Code: | 3092 |
BSE Script Symbol: | CIFCL02 |
NSE Code: | CIFCL02 |
* - Tentative Dates
Category Name | NCD's Reserved | NCD's Allocated |
---|---|---|
Institutional | 1500000 | 30% |
Non-Institutional | 1250000 | 25% |
HNI | 1250000 | 25% |
Retail | 1000000 | 20% |
Cholamandalam Investment And Finance Company Limited was incorporated in 1978 as a financial services company of Murugappa Group which has been in existence for more than 122 years. The company is categorized as NBFC-ICC. It started its operations as an equipment financing company and has since expanded its services 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 their subsidiaries, they also provide stock brokerage services and a range of other financial services to their clients.
They have been able to leverage their knowledge and experience in the vehicle finance industry, as well as their relationships with OEMs and dealers, to grow their business and expand their business network. By focusing on technology and leveraging data analytics, the company has been able to digitize its operations, increase efficiency, reduce headcount and shorten cycle times. The company believes that its track record in all business areas, prudent risk management, and strong credit ratings are the key factors that have led to its growth over the years. In addition, as part of the Murugappa Group, the company has been able to achieve significant synergies by leveraging its brand and existing customer base.
Its principal business segment includes :
New initiation of business model described as below :
Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 |
Assets | 64,058.38 | 74,644.16 | 82,478.68 |
Revenue | 8,712.63 | 9,639.72 | 10,231.81 |
Profit After Tax | 1,053.72 | 1,521.39 | 2,158.89 |
Net Worth | |||
Reserves and Surplus | |||
Total Borrowing |
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 1,497.41 |
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, and 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 2023-08-06T07:00:32+00:00