₹100.00 Cr| Listing at BSE | Mon, Mar 2, 2026 - Mon, Mar 16, 2026
Chemmanur Credits & Investments Ltd. NCD issue is a public issue of secured, redeemable, non-convertible debenture with a base issue size of ₹50.00 Cr and an option to retain oversubscription up to ₹50.00 Cr, aggregating to a total issue size of ₹100.00 Cr. The NCDs are offered at a face value ₹1000 each and an issue price of ₹1000 per NCD.
Chemmanur Credits & Investments Ltd. NCD issue opens on Mar 2, 2026 and closes on Mar 16, 2026. NCD are proposed to be listed on the BSE.
The minimum lot size is 10 NCDs, requiring a minimum investment of ₹10,000 , while the market lot for trading is 1 NCD.
The issue offers interest rates ranging from 10.25% per annum to 12.00% per annum, depending on the series and tenure selected.
The NCD has been rated: BBB- Stable by India Ratings & Research Private Limited.
Vivro Financial Services Pvt.Ltd. is the Lead Manager to the issue, Mitcon Credentia Trusteeship Services Ltd. is the Debenture Trustee, and Kfin Technologies Ltd. is the Registrar to the Issue.
Investors are advised to refer to the NCD Offer Document for detailed information on risk factors, financials, and the terms of the issue.
Open Date
Mon, Mar 2, 2026
Close Date
Mon, Mar 16, 2026
Issue Size (Overall)
₹100.00 Cr
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 |
|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Monthly | Monthly | Monthly | Cumulative | Cumulative | Cumulative |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 18 Months | 24 Months | 36 Months | 61 Months | 400 Days | 24 Months | 72 Months |
| Coupon (% per Annum) | 10.25% | 10.80% | 11.25% | 12.00% | NA | NA | NA |
| Effective Yield (% per Annum) | 10.75% | 11.35% | 11.85% | 12.68% | 9.25% | 11.00% | 12.25% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,101.81 | Rs 1,232.00 | Rs 2,000.00 |
Chemmanur Credits & Investments Ltd. NCD Rating given as following :
| # | Rating Agency | NCD Rating | Outlook | Safety Degree | Risk Degree |
|---|---|---|---|---|---|
| 1 | India Ratings & Research Private Limited | BBB- | Stable | Moderate degree of safety | Moderate credit risk |
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 693.18 | 635.04 | 499.42 |
| Total Income | 141.74 | 106.14 | 83.21 |
| Profit After Tax | 2.48 | 1.72 | 0.80 |
| Reserves and Surplus | 38.42 | 29.03 | 27.41 |
| Amount in ₹ Crore | |||
The Promoter of the company is Chemmanur Devassykutty Boby.
| Category | Allocated (%) | Shares Reserved |
|---|---|---|
| Institutional | 10.00% | 50,000 |
| Non-Institutional | 40.00% | 2,00,000 |
| Retail | 50.00% | 2,50,000 |
| Total | 100.00% | 5,00,000 |
Incorporated in 2008, Chemmanur Credits and Investments Limited is a non-deposit-taking, non-banking financial company (base layer)registered with the RBI.
The company primarily engages in gold loans by lending money against the pledge of household gold jewellery ("Gold Loans") in Kerala, Tamil Nadu and Karnataka.
The company also offers microfinance loans, business and personal loans, money transfer services and the distribution of insurance products for third parties.
As of September 30, 2024, the company operated through 282 branches located across 5 states, namely Kerala, Tamil Nadu, Karnataka, Maharashtra, and Andhra Pradesh, managed through our registered office located at Thrissur, Kerala, and they employ 1,424 persons in their business operations.
The company is part of the Boby Chemmanur Group, which operates in various business segments and is headquartered in Kerala, India. The Group operates gold jewellery businesses in India, the USA and the Middle East. The Boby Chemmanur Group has received BIS certification for the purity of gold.
The Company proposes to utilise the funds which are being raised through the Issue towards funding the following objects:
[Dilip Davda] This is the 8th Debt issue from CCIL since December 2022. The last debt offer was in October 2025. IND BBB-/Stable rating is considered to be an average grade indicating moderate risks. The company has reduced the coupon rate at the base level. There is no harm in skipping this debt issue despite attractive coupon rates. Read detail review...
The Chemmanur Credits NCD February 2026 was subscribed 2.50 times on Mar 16, 2026 17:00. The NCD subscribed 1.50 times in Retail, 4.39 times in Non-Institutional, and 0.00 times in Institutional category.
Chemmanur Credits & Investments Ltd.
Door No. D1 to D4, 3rd Floor
Avenue Tower, East Fort,
East
Thrissur, Kerala, 680005
NSE and BSE offer NSEgoBid and BSEDirect apps/websites through which retail investors can apply for NCDs up to Rs 5 lakhs. Not all brokers and banks provide the facility to apply for NCD online.
To apply for an NCD online, the investor should fill in the NCD bid details online and provide the details of the DP and bank accounts (ASBA/UPI) as requested. In the case of a UPI application, the investor needs to approve the UPI mandate to complete the application process.
Steps to invest in NCD IPO through GoldenPi
Retail investors can apply for an IPO online if the investment amount is less than or up to 10 lakhs.
Steps to apply for NCD IPO with Indiabonds:
You can buy or invest in NCD IPOs through the following intermediaries:
The investor can apply for the NCD IPO online through NCD intermediaries such as a registered stockbroker, provided the broker offers an online application for the NCD IPO. Not many brokers allow you to invest in an NCD IPO online. Currently, very few brokers, such as Nuvama Wealth, Angel One, and SBI Securities, offer the facility to apply for NCD IPOs electronically. You should check with your broker or intermediary to see if the online application facility for the NCD IPO is available through them.
Refer to the detailed guidelines on NSEgoBID and BSEDirect for information on the registration process and how to apply for NCDs through the exchange.
Important links :
Read more about NCD Application Process.
The minimum amount required for NCD investment is Rs. 10,000.
Generally, the minimum lot size of NCD is 10, and the face value is 1,000.
NCD allotment can be checked on the BSE website or with the Registrar once the allotment has been made.
Steps to check the NCD allotment status at the BSE:
Alternatively, the applicant can also check the allotment status on the respective website of the Registrar for the issue. The applicant will need their PAN details or the applicant's Aadhaar number to check the status.
Generally, all applicants receive full allotment due to the retention of the oversubscription option.
Read more information on NCD Subscription and NCD Allotment Process.
No, you cannot withdraw or redeem Chemmanur Credits & Investments Ltd. NCDs before maturity directly from the company. However, there are a couple of options available if you want to exit early:
If the NCDs are listed on stock exchanges (like BSE/NSE), you can:
Only possible if a "call option" exists.
Read more about NCD Subscription and Allotment Process
Bid Cancellation and Withdrawal Policy for NCD Applicants
Note:
The specific process and conditions for post-closure cancellation vary by issuer. Applicants should refer to the Offer Document for issuer-specific guidelines.
