Chemmanur Credits NCD Description – The company 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”) in the state of Kerala, Tamil Nadu and Karnataka. 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 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 its registered office located at Thrissur, Kerala and employed 881 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.
Promoters of Chemmanur Credits – Chemmanur Devassykutty Boby
Chemmanur Credits NCD December 2022 Details
| Subscription Dates | 14 December 2022 – 06 January 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 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 December 2022 – 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 | 24 months | Cumulative | NA | 10.75% | INR 1,227 |
| Series 7 | 36 months | Cumulative | NA | 11.00% | INR 1,368 |
| 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 December 2022 Subscription Status (no. of times)
| Date | QIB | NII | Retail | Total |
| 6 Jan 2023 | 0.00 | 2.20 | 2.35 | 2.06 |
| 5 Jan 2023 | 0.00 | 2.16 | 2.20 | 1.97 |
| 4 Jan 2023 | 0.00 | 1.64 | 2.11 | 1.71 |
| 3 Jan 2023 | 0.00 | 1.59 | 2.01 | 1.64 |
| 2 Jan 2023 | 0.00 | 1.54 | 1.91 | 1.57 |
| 30 Dec 2022 | 0.00 | 1.54 | 1.91 | 1.57 |
| 29 Dec 2022 | 0.00 | 1.48 | 1.73 | 1.45 |
| 28 Dec 2022 | 0.00 | 1.42 | 1.68 | 1.41 |
| 27 Dec 2022 | 0.00 | 1.42 | 1.68 | 1.41 |
| 26 Dec 2022 | 0.00 | 1.29 | 1.56 | 1.30 |
| 23 Dec 2022 | 0.00 | 1.24 | 1.46 | 1.23 |
| 22 Dec 2022 | 0.00 | 1.24 | 1.46 | 1.23 |
| 21 Dec 2022 | 0.00 | 1.18 | 1.33 | 1.14 |
| 20 Dec 2022 | 0.00 | 1.14 | 1.22 | 1.07 |
| 19 Dec 2022 | 0.00 | 1.05 | 1.09 | 0.97 |
| 16 Dec 2022 | 0.00 | 0.95 | 0.84 | 0.80 |
| 15 Dec 2022 | 0.00 | 0.88 | 0.62 | 0.66 |
| 14 Dec 2022 | 0.00 | 0.43 | 0.33 | 0.34 |
Chemmanur Credits NCD December 2022 Allotment Status
Chemmanur Credits NCD December 2022 allotment status will be updated at the website of KFin Technologies’ website. Click on this link to get allotment status.
Chemmanur Credits NCD December 2022 FAQs
What is the face value and lot size of Chemmanur Credits NCD December 2022?
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 December 2022?
The frequency of payment for Chemmanur Credits NCD is Monthly & Cumulative.
What is basis of allotment in Chemmanur Credits NCD December 2022 offer?
Chemmanur Credits NCDs will be allotted on a First Come First Serve Basis.
