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 [14th Dec 2022 to 6th Jan 2023]
The face value of Chemmanur Credits And Investments Limited is Rs. 1000 per NCD and offer NCD issue size including Rs. 50 Cr BASE issue size and Shelf Limit Of Rs. 50 Cr which subscription opening form 14 Dec 2022 to 06 Jan 2023. . The company issues series I to VIII secured and redeemable NCD 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 NCD tenor is 18, 24, 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 NCD 2022 including credit rating, Coupon rates for each series, the basis of allotment, payment frequency, and more.
| NCD Opening Date: | 14th Dec 2022 |
| NCD Closing Date: | 6th Jan 2023 |
| NCD Type: | Secured NCD |
| Issue Size (Base): | ₹50.00Cr |
| Issue Size (Shelf): | ₹50.00Cr |
| 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 and 74 Months |
| Rating: | CRISIL BBB-/Stable |
| Series: | Series I to VIII |
| Payment Frequency: | Monthly and Cumulative |
| Basis of Allotment: | First Come First Serve Basis |
| Interest on return: |
Zerodha Trade@20
| NCD Activity | Date |
|---|---|
| NCD Issue Open | 14th Dec 2022 |
| NCD Issue Close | 6th Jan 2023 |
| BSE Code: | 2854 |
* - Tentative Dates
| Category Name | NCD's Reserved | NCD's Allocated |
|---|---|---|
| Institutional | 50000 | 10% |
| Non-Institutional | 200000 | 40% |
| Retail | 250000 | 50% |
Chemmanur Credits is, a non-deposit taking, non-banking financial company (base layer) registered with the RBI bearing registration no. N-16-00185 dated June 10, 2010 under Section 45-I A of the RBI Act primarily engaged in the gold loan sector lending money against the pledge of household gold jewellery ('Gold Loans') in the state of Kerala, Tamil Nadu and Karnataka.
This Credits also provide Microfinance Loans, business and personal loans, money transfer services and distribution of third party insurance products. They have been engaged in the lending business for more than 11 years and are based in Kerala, India.
Under its microfinance loan segment ('Microfinance Loans'), they provide unsecured loans to group of women customers (minimum of 5 persons) for their business and personal needs. Under the Joint Liability Group('JLG') model, loans are provided to individual customers, however group guarantees the repayment of loans given to individual member so the group. Through this model, their customers, who typically do not have collateral to take up loans, are able to gain access to credit.
Chemmanur Credits Ltd. also offer business loans -namedas Gramin Shakthi Loan('Business Loans')to its customers for their business needs. These are secured business loans where target customers are engaged in small scale business, however, currently dependent on informal sources of funding. This loan type shall enable customers to increase the scale of their business. Gramin Shakthi Loans help the individuals to mitigate the difficulty in meeting business funding requirements or to raise working capital funds
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Reserves and Surplus |
|---|---|---|---|---|
| 31-Mar-20 | 339.32 | 72.01 | 8.5 | 18.7 |
| 31-Mar-21 | 384.99 | 74.74 | 9.24 | 27.94 |
| 31-Mar-22 | 392.95 | 73.33 | 4.31 | 28.05 |
| 30-Jun-22 | 389.12 | 18.2 | 0.52 | 28.57 |
| 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.
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 | |||||||
| Tenor | 366 days | 18 months | 24 months | 36 months | 60 months | 24 months | 36 months | 74 months |
| Coupon Rate (Retail) | 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% | 10.75% | 11.00% | 11.90% |
| Amount on Maturity | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,227 | Rs 1,368 | Rs 2,000 |
Chemmanur Devassykutty Boby is the company promoter.
The NCDs proposed to be issued under the Issue have been rated 'CRISIL BBB-/Stable' (pronounced as CRISIL triple B minus rating with Stable outlook) by CRISIL Ratings Limited.
Last Updated on 2023-02-14T23:30:25+00:00
