The Chemmanur Credits and Investments IPO date has been confirmed to have started on February 20, 2024 and ended on March 4, 2024. Read the post to learn about Chemmanur Credits and Investments NCD.
Chemmanur Credits and Investments Developers IPO is a fixed issue size of Rs 50.00 Crores. Chemmanur Credits and Investments Limited is a non– banking financial establishment( base subcaste) that is registered with the RBI. The company’s primary exertion is advancing money against the pledge of household gold jewelry( “ Gold Loans ”) in Kerala, Tamil Nadu, and Karnataka.
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Key Details Of Chemmanur Credits and Investments NCD
Bidding Dates
Feb 20-Mar 4
Issue Price
Rs 1000 per NCD
Face Value
Rs 1000 each NCD
Market Lot
1 NCD
Chemmanur Credits and Investments NCD
The Chemmanur Credits and Investments NCD Face Value is Rs 1000 each NCD.
Chemmanur Credits and Investments NCD Overview
Chemmanur Credits and Investments Limited is a non– banking financial firm( base caste) that is registered with the RBI. The company’s primary exertion is advancing money against the pledge of household gold jewelry( “ Gold Loans ”) in Kerala, Tamil Nadu, and Karnataka. The organization also provides microfinance loans, marketable and particular loans, money transfer services, and the distribution of insurance products to third parties.
As of December 31, 2023, the company had 236 branches throughout Kerala, Tamil Nadu, Karnataka, Maharashtra, and Andhra Pradesh, employing 1,236 people. The company is part of the Boby Chemmanur Group, headquartered in Kerala, India and operates in various business orders. The Group has gold jewelry companies in India, the United States, and the Middle East. The Boby Chemmanur Group has gained BIS certification for gold purity.
Chemmanur Credits and Investments NCD Detail
| Issue Open | February 20, 2024 – March 4, 2024 |
| 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 (Oversubscription) | Rs 50.00 Crores |
| Overall Issue Size | Rs 100.00 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 | IND BBB-/Stable by India Ratings and Research Private Limited. |
| Tenor | 365 Days, 18, 24, 36, 60, and 72 Months |
| Series | Series I to VIII |
| Payment Frequency | Monthly and Cumulative |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee/s | Mitcon Credentia Trusteeship Services Limited |
Chemmanur Credits and Investments Limited Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 499.42 | 392.95 | 384.99 |
| Revenue | 83.21 | 73.33 | 74.74 |
| Profit After Tax | 0.80 | 4.31 | 9.24 |
| Net Worth | 87.41 | ||
| Reserves and Surplus | 28.05 | 27.94 | |
| Amount in ₹ Crore | |||
Chemmanur Credits and Investments Limited NCD 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 | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 365 Days | 18 Months | 24 Months | 36 Months | 60 Months | 12 Months | 24 Months | 72 Months |
| Coupon (% per Annum) | 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% | 9.50% | 10.75% | 12.25% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,095.00 | Rs 1,226.56 | Rs 2,000.41 |
Chemmanur Credits and Investments Limited NCD Allocation Ratio
Company Profile
Objects of the Issue
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- For onward lending, financing, and for repayment/prepayment of principal and interest on borrowings of the company; and
- General corporate purposes.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | [email protected] |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Chemmanur Credits and Investments Limited |
| Phone number | +91 487-6621200/2424010 |
| Email ID | [email protected] |
| Website | chemmanurcredits.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
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