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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 jewelry ("Gold Loans") in the states of Kerala, Tamil Nadu, and Karnataka.
Chemmanur Credits and Investments Limited 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, 2023, the company operated through 222 branches located across 5 states namely Kerala, Tamil Nadu, Karnataka, Maharastra, and Andra Pradesh managed through our registered office situated at Thrissur, Kerala and the company employs 1172 persons in the 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 | October 16, 2023 - October 30, 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 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 BBB-/Stable by CRISIL Ratings Limited. |
| Tenor | 366 days, 18, 24, 36, 60, 12 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 |
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 | 74 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% | 11.90% |
| 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 2,000.00 |
The NCDs proposed to be issued have been rated 'CRISIL BBB-/Stable' by CRISIL Ratings Limited.
Chemmanur Devassykutty Boby is the company promoter.
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 | 384.99 |
| Revenue | 83.21 | 73.49 | 74.74 |
| Profit After Tax | 0.80 | 2.66 | 9.24 |
| Net Worth | 85.32 | 88.05 | 87.94 |
| Reserves and Surplus | 27.41 | 28.05 | 27.94 |
| Total Borrowing | |||
| 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 October 2023 was subscribed 1.43 times on October 30, 2023 5:00:00 PM. The NCD subscribed 1.94 times in Retail, 1.14 times in Non-Institutional, and 0.00 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 1.94x |
| Non-Institutional | 1.14x |
| Institutional | 0.00x |
| Total | 1.43x |
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Chemmanur Credits and Investments Limited
Mangalodhayam Building
Round South
Thrissur - 680001, Kerala
Phone: 04876621200
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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