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Chemmanur Credits and Investments NCD October 2023 FAQ's

Chemmanur Credits and Investments NCD October 2023 Detail
Issue Open October 16, 2023
Issue Close October 30, 2023
Issue Size (Base) ₹50.00 Crores
Issue Size (Shelf) ₹100.00 Crores
Issue Price ₹1000 per NCD
Listing At BSE

Chemmanur Credits and Investments NCD October 2023 Date & Price

The Chemmanur Credits and Investments NCD October 2023 issue opens on October 16, 2023, and closes on October 30, 2023, for the subscription.

Note that the public issue of NCD is closed early in case it is fully subscribed (base + shelf) before its issue closing day.The allotment is done on a First Come First Serve Basis.

Chemmanur Credits and Investments Limited NCD IPO dates are as below:

Chemmanur Credits and Investments NCD October 2023 Issue Timetable

Bid/Offer Opens OnOctober 16, 2023
Bid/Offer Closes OnOctober 30, 2023
Record Date
Deemed Date of Allotment

Chemmanur Credits and Investments NCD October 2023 price is set at ₹1000 per NCD.

The NCD's will be issued at a face value of ₹1000 each NCD.

The frequency of payment for Chemmanur Credits and Investments NCD October 2023 is Monthly and Cumulative.

Each application should be for a minimum of 10 NCD's and multiples of 1 NCD thereof.

Chemmanur Credits and Investments NCD October 2023 remain open for subscription on working days from 10:00 a.m. to 5:00 p.m until October 30, 2023. The bid may close earlier in case it is fully subscribed.

Chemmanur Credits and Investments Limited NCD Coupon Rates

#Series 1Series 2Series 3Series 4Series 5Series 6Series 7Series 8
Frequency of Interest PaymentMonthlyMonthlyMonthlyMonthlyMonthlyCumulativeCumulativeCumulative
NatureSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecured
Tenor366 Days18 Months24 Months36 Months60 Months12 Months24 Months74 Months
Coupon (% per Annum)9.50%10.50%10.75%11.00%11.50%NANANA
Effective Yield (% per Annum)9.92%11.02%11.30%11.57%12.13%9.50%10.75%11.90%
Amount on Maturity (In Rs.)Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,095.00Rs 1,226.56Rs 2,000.00

The NCD's have a fixed maturity date. The date of maturity of the NCD's is 366 days, 18, 24, 36, 60, 12 and 74 months.

Chemmanur Credits and Investments NCD October 2023 Issue Size and Subscription Status

The Chemmanur Credits and Investments NCD October 2023 consist of a base issue and a shelf issue.

  • NCD Base Issue Size: ₹50.00 Crores
  • NCD Shelf Issue Size: ₹100.00 Crores

Note that the Shelf issue is an option to retain oversubscription up to shelf issue size over and above the base issue.

Sorry, The number of shares offered in Chemmanur Credits and Investments NCD October 2023 is not available at this time. Please revisit us for latest updates.

No, NRI's are not eligible to apply in this Issue.

  1. Minors without a guardian name
  2. Foreign nationals
  3. Persons resident outside India
  4. Foreign Portfolio Investors
  5. Foreign Venture Capital Investors
  6. Qualified Foreign Investors
  7. Overseas Corporate Bodies
  8. Persons ineligible to contract under applicable statutory/regulatory requirements

You could check Chemmanur Credits and Investments Limited NCD Grey Market Premium (GMP Rate) by visiting our Grey Market Price (Message Board).

Note that there is no official source of GMP Rate as they are over-the-counter transactions.

Chemmanur Credits and Investments NCD October 2023 Allotment and Listing

The NCD's are proposed to be listed on BSE.

Applicants are allocated NCD's on a First Come First Serve Basis.

The Chemmanur Credits and Investments Limited Allotment Status is not available online at this time.

The Chemmanur Credits and Investments Limited NCD listing data are not available. The date is published by the exchange a couple of days before the NCD listing.

It is hard to say at what price Chemmanur Credits and Investments NCD October 2023 NCD's will list. The price varies by the demand and supply of NCD on the day of listing.

Chemmanur Credits and Investments Limited NCD - Should I apply?

The NCDs proposed to be issued have been rated 'CRISIL BBB-/Stable' by CRISIL Ratings Limited.

Sorry, we do not provide NCD recommendations. But we share a lot of information about Chemmanur Credits and Investments NCD October 2023 which could help you with questions like Chemmanur Credits and Investments NCD October 2023 buy or not? You should also read Chemmanur Credits and Investments NCD October 2023 Analysis from experts and check the daily subscription status.

It depends on many factors like company financials, segment outlook, market situation, issue pricing, the background of promoters, lead managers performance, company strengths, risks and oversubscription. You should read the prospectus document, NCD Analysis from experts and follow the subscriptions before you make the decision to apply in an NCD public Issue.

Chemmanur Credits and Investments Limited NCD listing day gains are unpredictable as depends on many factors on the day listing. It depends on factors like the demand, the market situation on the day of listing, NCD Issue size etc.