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Chemmanur Credits and Investments Limited NCD (Chemmanur Credits and Investments NCD Dec 2022) Detail

Dec 14, 2022 - Jan 6, 2023
Chemmanur Credits and Investments Limited Logo

Chemmanur Credits and Investments Limited is a non-deposit-taking, non-banking financial company (base layer) registered with the RBI.

The company is 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.

Chemmanur Credits and Investments Limited also provide Microfinance Loans, business and personal loans, money transfer services and distribution of third-party insurance products.

The company has been engaged in the lending business for more than 11 years and is based in Kerala, India. As of September 30, 2022, the company operated through 161 branches located across 3 states namely Kerala, Tamil Nadu & Karnataka managed through our registered office located at Thrissur, Kerala and we employ 881 persons in our business operations.

The company is a part of Boby Chemmanur Group which is engaged in a diverse range of businesses and is based in Kerala, India. The group has retail gold jewellery showrooms in the USA and the Middle East apart from those in India. The Boby Chemmanur Group has received BIS certification for the purity of gold.

Chemmanur Credits and Investments NCD Dec 2022 Detail

Issue Open Dec 14, 2022 - Jan 6, 2023
Security Name Chemmanur Credits and Investments Limited
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 50.00 Crores
Issue Size (Shelf) Rs 50.00 Crores
Issue Price Rs 1000 per NCD
Face Value Rs 1000 each NCD
Minimum Lot size 10 NCD
Market Lot 1 NCD
Listing At BSE
Credit Rating CRISIL BBB-/Stable
Tenor 366 days, 18, 24, 36, 60 and 74 Months
Series

Series I to VIII

Payment Frequency Monthly and Cumulative
Basis of Allotment First Come First Serve Basis
Debenture TrustiesMITCON CREDENTIA TRUSTEESHIP SERVICES LIMITED

NCD Allocation Ratio

Category ? NCD's Allocated
Institutional 10%
Non-Institutional 40%
Retail 50%
Category 4 0%

NCD's Offered by Category

Category ? NCD's Reserved
Institutional 50,000
Non-Institutional 200,000
Retail 250,000
Category 4 0
Total NCD's 500,000

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

NCD Rating

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.

Company Promoters

Chemmanur Devassykutty Boby is the company promoter.

Company Financials

Chemmanur Credits and Investments Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxReserves and Surplus
31-Mar-20339.3272.018.518.7
31-Mar-21384.9974.749.2427.94
31-Mar-22392.9573.334.3128.05
30-Jun-22389.1218.20.5228.57
Amount in ₹ Crore

Objects of the Issue

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 NCD Dec 2022 Prospectus

Chemmanur Credits and Investments NCD Dec 2022 Subscription Status

The Chemmanur Credits and Investments NCD Dec 2022 was subscribed 2.06 times on Jan 6, 2023 5:00:00 AM. The NCD subscribed 2.35 times in Retail, 2.20 times in Non-Institutional, and 0.00 times in the Institutional category.

Category ?Subscription (times)
Retail2.35x
Non-Institutional2.20x
Institutional0.00x
Total2.06x

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Chemmanur Credits and Investments NCD Dec 2022 Rating

11
3.3
Rating:Rated 3.3 stars
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Chemmanur Credits and Investments NCD Dec 2022 Reviews

Company Contact Information

Chemmanur Credits and Investments Limited
Mangalodhayam Building
Round South, Thrissur
680001, Kerala,

Phone: +91 0487-6621200/2424010
Email: mail@chemmanurcredits.com
Website: https://www.chemmanurcredits.com/

Chemmanur Credits and Investments NCD Dec 2022 Registrar

KFin Technologies Limited
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India - 500 032.

Phone: 04067162222, 04079611000
Email: ccil.ncdipo@kfintech.com
Website: https://karisma.kfintech.com/

Chemmanur Credits and Investments NCD Dec 2022 Lead Manager(s)


2 Comments

2. Harsh   I Like It. |Report Abuse|  Link|Dec 15, 2022 10:56:56 AMReply
It Seems to be extremely risky supported by BBB- rating.
Also the profit after tax is very less.
Hence, i am not going to invest in it atleast.

2.1. ANJAY AMBASTA   I Like It. 1|Report Abuse|  Link|Dec 18, 2022 10:36:28 AM
YES, SOMEHOW RISKY AS RATING BBB- BUT COULD NOT UNDERSTAND HOW THE PROFIT AFTER TAX IS VERY LOW.
1. Saseendran   I Like It. |Report Abuse|  Link|Dec 14, 2022 9:40:19 AMReply
Is it realiable as he is new in this public issue. Also there are several cases of cheating the public by new inexperienced entrepreneurs in Kerala. Will the government protect the investers 🌹
1.1. SIVARAMAKRISHNAN   I Like It. |Report Abuse|  Link|Dec 14, 2022 5:22:17 PM
Send details of the NCD for investment on online