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| Issue Open | July 28, 2023 |
| Issue Close | August 3, 2023 |
| Issue Size (Base) | ₹500.00 Crores |
| Issue Size (Shelf) | ₹5,000.00 Crores |
| Issue Price | ₹1000 per NCD |
| Listing At | BSE, NSE |
Note that the public issue of NCD is closed early in case it is fully subscribed (base + shelf) before its issue closing day.The allotment is done on a First Come First Serve Basis.
| Bid/Offer Opens On | July 28, 2023 |
| Bid/Offer Closes On | August 3, 2023 |
| Record Date | |
| Deemed Date of Allotment |
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 | 22 Months | 22 Months | 37 Months | 37 Months | 60 Months | 60 Months |
| Coupon (% per Annum) | 8.25% | NA | 8.30% | NA | 8.40% | NA |
| Effective Yield (% per Annum) | 8.26% | 8.25% | 8.30% | 8.30% | 8.39% | 8.40% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,156.64 | Rs 1,000.00 | Rs 1,279.15 | Rs 1,000.00 | Rs 1,497.41 |
Note that the Shelf issue is an option to retain oversubscription up to shelf issue size over and above the base issue.
You could check Cholamandalam Investment and Finance Company Limited NCD Grey Market Premium (GMP Rate) by visiting our Grey Market Price (Message Board).
Note that there is no official source of GMP Rate as they are over-the-counter transactions.
The company has received a rating of ICRA AA+ (Stable) by ICRA Limited and IND AA+ (Stable) by India Ratings & Research Private Limited for the NCDs proposed to be issued pursuant to this Issue.
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