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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 business of gold loans by lending money against the pledge of household gold jewellery ("Gold Loans") in the states of Kerala, Tamil Nadu and Karnataka.
In addition, the company offers microfinance loans, business and personal loans, money transfer services and the distribution of insurance products for third parties.
As of December 31, 2023, the company had 236 branches in the five states of Kerala, Tamil Nadu, Karnataka, Maharastra and Andra Pradesh and employed 1,236 people.
The company is part of the Boby Chemmanur Group, which operates in a variety of business segments and is headquartered in Kerala, India. The Group operates gold jewellery businesses in India, the USA and the Middle East. The Boby Chemmanur Group has received BIS certification for the purity of gold.
| 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 | 366 Days, 12, 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 |
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 |
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 | 366 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 Devassykutty Boby is the promoter of the company.
Chemmanur Credits and Investments Limited's revenue increased by 13.22% and profit after tax (PAT) dropped by -69.81% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 499.42 | 430.46 | 418.67 |
| Revenue | 83.21 | 73.49 | |
| Profit After Tax | 0.80 | 2.66 | |
| Reserves and Surplus | 27.41 | 26.52 | 27.94 |
| Amount in ₹ Crore | |||
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
The Chemmanur Credits and Investments NCD Feb. 2024 was subscribed 1.12 times on March 4, 2024 5:00:00 PM. The NCD subscribed 1.58 times in Retail, 0.82 times in Non-Institutional, and 0.00 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 1.58x |
| Non-Institutional | 0.82x |
| Institutional | 0.00x |
| Total | 1.12x |
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Chemmanur Credits and Investments Limited
Mangalodhayam Building,
Round South,
Thrissur-680001
Phone: +91 487-6621200/2424010
Email: mail@chemmanurcredits.com
Website: http://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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