The Cholamandalam Investment and Finance Company Issue Open has been confirmed from January 19, 2024 – February 2, 2024. Read the post to learn about Cholamandalam Investment and Finance Company NCD
Cholamandalam Investment and Finance Company Developers NCD is a fixed issue size of Rs 5,000.00 Crores. Chola began as an equipment financing company and has since expanded to give vehicle finance, loans against property, home loans, force chain financing, term loans, equipment financing, loans against securities, and tab discounting to small and medium- sized enterprises( SMEs), consumer and small enterprise loans, secured business and particular loans, investment advisory services, stock broking, and other fiscal services.
Start your investing journey today. Find the latest information on Upcoming NCD.
Key Details Of Cholamandalam Investment and Finance Company NCD :
Bidding Dates
Jan 19-Feb 2
Issue Price
Rs 1000 per NCD
Face Value
Rs 1000 each NCD
Market Lot
1 NCD
Cholamandalam Investment and Finance Company NCD
The Cholamandalam Investment and Finance Company NCD Face Value is Rs 1000 each NCD.
Cholamandalam Investment and Finance Company NCD Overview
Cholamandalam Investment and Finance Company Limited( Chola), innovated in 1978, is anon-banking finance company classified as NBFC Investment and Credit Company( NBFC- ICC). It’s Murugappa Group’s fiscal services arm. Chola began as an equipment financing company and has since expanded to give vehicle financing, loans against property, home loans, supply chain financing, term loans, outfit financing, loans against securities, and tab discounting to small and medium- sized enterprises( SMEs), consumer and small enterprise loans, secured business and particular loans, investment advisory services, stock broking, and other fiscal services.
Aside from the gold loan, it provides figure- grounded supplementary services similar to microfinance, money transfers, power generation, foreign currency exchange, agrarian, and airline booking. As of September 30, 2023, the corporation operated 994 branches in eight states and one union territory.
Cholamandalam Investment and Finance Company NCD Detail
| Issue Open | Jan 19-Feb 2 |
| Security Name | Cholamandalam Investment and Finance Company Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 75.00 Crores |
| Issue Size (Shelf) | Rs 1,100.00 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 | CRISIL AA- /Stable by CRISIL Ratings Limited |
| Tenor | 24, 36, 60 and 96 Months |
| Series | Series I to X |
| Payment Frequency | Monthly, Annual and Cumulative |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee/s | Vardhman Trusteeship Private Limited |
Cholamandalam Investment and Finance Company Limited Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 113,626.90 | 82,478.68 |
| Revenue | 13,105.59 | 10,231.81 |
| Profit After Tax | 2,676.67 | 2,158.89 |
| Amount in ₹ Crore | ||
Cholamandalam Investment and Finance Company Limited NCD Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 |
|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Annual | Cumulative | Annual | Cumulative | Annual | Cumulative |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 24 Months | 24 Months | 36 Months | 36 Months | 60 Months | 60 Months |
| Coupon (% per Annum) | 8.45% | NA | 8.50% | NA | 8.60% | NA |
| Effective Yield (% per Annum) | 8.44% | 8.45% | 8.49% | 8.50% | 8.59% | 8.60% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,175.88 | Rs 1,000.00 | Rs 1,277.58 | Rs 1,000.00 | Rs 1,511.28 |
Cholamandalam Investment and Finance Company Limited NCD Allocation Ratio
Company Profile
Objects of the Issue
The firm plans to use the net proceeds from the offering to finance the following objects:
- For the purpose of onward lending, financing, and for prepayment of interest and start of existing debt of the Company.
- General corporate purposes.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | [email protected] |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Cholamandalam Investment and Finance Company Limited |
| Phone number | +91 44 4090 7172 |
| Email ID | [email protected] |
| Website | cholamandalam.com |
NCD Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
NCD 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.
Leave a Reply