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Chemmanur Credits and Investments Limited is a non-deposit-taking, non-banking financial company (base layer) registered with the RBI.
The company 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.
Chemmanur Credits and Investments Limited also provide 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 our registered office located at Thrissur, Kerala and we employ 881 persons in our 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.
| Issue Open | December 14, 2022 - January 6, 2023 |
| 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 (Shelf) | Rs 50.00 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 BBB-/Stable |
| Tenor | 366 days, 18, 24, 36, 60 and 74 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 |
Category  |
NCD's Allocated |
|---|---|
| Institutional | 10% |
| Non-Institutional | 40% |
| Retail | 50% |
| Category |
NCD's Reserved |
|---|---|
| Institutional | 50,000 |
| Non-Institutional | 200,000 |
| Retail | 250,000 |
| Category 4 | 0 |
| Total NCD's | 500,000 |
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 | |||||||
| Tenor | 366 days | 18 months | 24 months | 36 months | 60 months | 24 months | 36 months | 74 months |
| Coupon Rate (Retail) | 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% | 10.75% | 11.00% | 11.90% |
| Amount on Maturity | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,227 | Rs 1,368 | Rs 2,000 |
The NCDs proposed to be issued under the Issue have been rated 'CRISIL BBB-/Stable' (pronounced as CRISIL triple B minus rating with Stable outlook) by CRISIL Ratings Limited.
Chemmanur Devassykutty Boby is the company promoter.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Reserves and Surplus |
|---|---|---|---|---|
| 31-Mar-20 | 339.32 | 72.01 | 8.5 | 18.7 |
| 31-Mar-21 | 384.99 | 74.74 | 9.24 | 27.94 |
| 31-Mar-22 | 392.95 | 73.33 | 4.31 | 28.05 |
| 30-Jun-22 | 389.12 | 18.2 | 0.52 | 28.57 |
| Amount in ₹ Crore | ||||
The company proposes to utilise the funds which are being raised through the Issue:
1. For the purpose of onward lending, financing, and for repayment/prepayment of principal and interest on borrowings of the Company.
2. General corporate purposes.
The Chemmanur Credits and Investments NCD Dec 2022 was subscribed 2.06 times on January 6, 2023 5:00:00 AM. The NCD subscribed 2.35 times in Retail, 2.20 times in Non-Institutional, and 0.00 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 2.35x |
| Non-Institutional | 2.20x |
| Institutional | 0.00x |
| Total | 2.06x |
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Chemmanur Credits and Investments Limited
Mangalodhayam Building
Round South, Thrissur
680001, Kerala,
Phone: +91 0487-6621200/2424010
Email: mail@chemmanurcredits.com
Website: https://www.chemmanurcredits.com/
Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Phone: 04067162222, 04079611000
Email: ccil.ncdipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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1| Link|December 18, 2022 10:36:28 AM
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Also the profit after tax is very less.
Hence, i am not going to invest in it atleast.