Last updated on November 4, 2023
Chemmanur Credits NCD Description – Chemmanur Credits and Investments is a non-deposit-taking, non-banking financial company (base layer) registered with the RBI. It is primarily engaged in the gold loan sector lending money against the pledge of household gold jewellery (‘Gold Loans’). It also provides 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 13 years and is based in Kerala, India. As of 30 September 2023, the company operated through 222 branches located across 5 states namely Kerala, Tamil Nadu, Andhra Pradesh, Maharashtra, and Karnataka managed through its registered office located at Thrissur, Kerala, and employed 1,172 persons in its 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.
For the three months ended 30 June 2023, and FY 2023, 2022, and 2021, Chemmanur Credits and Investments held 0.85 tonnes, 0.86 tonnes, 0.87 tonnes, and 0.87 tonnes of gold jewellery respectively, as security for all gold loans.
Promoters of Chemmanur Credits – Chemmanur Devassykutty Boby
Chemmanur Credits NCD October 2023 Details
| Subscription Dates | 16 – 30 October 2023 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures |
| Face Value | INR 1,000 per NCD |
| Issue Price | INR 1,000 per NCD |
| Issue Size (Base) | INR 50 crores |
| Overall Issue Size (including oversubscription) | INR 100 crores |
| Minimum Lot size | 10 NCDs |
| Market Lot | 1 NCD |
| Tenor | 366 days 12 months 18 months 24 months 36 months 60 months 74 Months |
| Credit Rating | CRISIL BBB- / Stable |
| Category Reservation | Category 1 (QIB): 10% Category 2 (NII): 40% Category 3 (Retail): 50% |
| Basis of Allotment | First Come First Serve |
| Listing On | BSE |
Chemmanur Credits NCD October 2023 – Options and Coupon Rates
| Option | Tenure | Interest Payment | Coupon Rate | Effective Yield | Maturity Amount |
| Series 1 | 366 days | Monthly | 9.50% | 9.92% | INR 1,000 |
| Series 2 | 18 months | Monthly | 10.50% | 11.02% | INR 1,000 |
| Series 3 | 24 months | Monthly | 10.75% | 11.30% | INR 1,000 |
| Series 4 | 36 months | Monthly | 11.00% | 11.57% | INR 1,000 |
| Series 5 | 60 months | Monthly | 11.50% | 12.13% | INR 1,000 |
| Series 6 | 12 months | Cumulative | NA | 9.50% | INR 1,095 |
| Series 7 | 24 months | Cumulative | NA | 10.75% | INR 1,226.56 |
| Series 8 | 74 months | Cumulative | NA | 11.90% | INR 2,000 |
Chemmanur Credits Non-Convertible Debentures Lead Manager
VIVRO FINANCIAL SERVICES PRIVATE LIMITED
607/608 Marathon Icon, Opp. Peninsula
Corporate Park Off. Ganpatrao Kadam Marg,
Veer Santaji Lane, Lower Parel,
Mumbai-400 013, Maharashtra, India
Phone: +91 22 6666 8040/41/42
Email: [email protected]
Website: www.vivro.net
Chemmanur Credits Non-Convertible Debentures Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower B, Plot No – 31 & 32,
Financial District, Nanakramguda,
Serilingampally, Hyderabad Rangareddi,
500 032, Telangana, India
Phone: +91 40 6716 2222
Email: [email protected]
Website: www.kfintech.com
Chemmanur Credits NCD Documents
Chemmanur Credits Contact Details
CHEMMANUR CREDITS AND INVESTMENTS LIMITED
Mangalodhayam Building, Round South
Thrissur – 680001 Kerala, India
Phone: +910487-6621200/2424010
Email: [email protected]
Website: www.chemmanurcredits.com
Chemmanur Credits NCD October 2023 Subscription Status (no. of times)
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
| 30 Oct 2023 | 0.00 | 1.14 | 1.94 | 1.43 |
| 27 Oct 2023 | 0.00 | 0.94 | 1.66 | 1.21 |
| 26 Oct 2023 | 0.00 | 0.88 | 1.54 | 1.15 |
| 25 Oct 2023 | 0.00 | 0.87 | 1.47 | 1.08 |
| 23 Oct 2023 | 0.00 | 0.81 | 1.36 | 1.00 |
| 20 Oct 2023 | 0.00 | 0.71 | 1.17 | 0.87 |
| 19 Oct 2023 | 0.00 | 0.67 | 1.08 | 0.81 |
| 18 Oct 2023 | 0.00 | 0.67 | 1.07 | 0.80 |
| 17 Oct 2023 | 0.00 | 0.58 | 0.88 | 0.67 |
| 16 Oct 2023 | 0.00 | 0.49 | 0.73 | 0.56 |
Chemmanur Credits NCD October 2023 Allotment Status
Chemmanur Credits NCD October 2023 allotment status is now updated on the website of KFin Technologies’ website. Click on this link to get allotment status.
Chemmanur Credits NCD October 2023 FAQs
What is the face value and lot size of Chemmanur Credits NCD October 2023?
The NCDs will be issued at a face value of INR 1,000 each NCD and the minimum lot size is 10 NCDs.
What is the frequency of interest payment in Chemmanur Credits NCD October 2023?
The frequency of payment for Chemmanur Credits NCD is Monthly and cumulative.
What is the basis of allotment in Chemmanur Credits NCD October 2023 offer?
Chemmanur Credits NCDs will be allotted on a First Come First Serve Basis.
