Chemmanur Credits NCD Details 2023

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Chemmanur Credits is a non-deposit-taking, non-banking financial company (base layer) registered with the RBI. It 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. It also provides microfinance loans, business and personal loans, money transfer services and distribution of third-party insurance products. 

Chemmanur Credits NCD Details 

Subscription Dates 14 December 2022 – 06 January 2023 
Security Type Secured, Redeemable, Non-Convertible Debentures 
Face Value INR 1,000 per NCD 
Issue Price INR 1,000 per NCD 
Issue Size (Base) INR 50 crores 
Overall Issue Size (including oversubscription) INR 100 crores 
Minimum Lot size 10 NCDs 
Market Lot 1 NCD 
Tenor 366 days 
18 months 
24 months 
36 months 
60 months 
74 Months 
Credit Rating CRISIL BBB- / Stable 
Category Reservation Category 1 (QIB): 10% 
Category 2 (NII): 40% 
Category 3 (Retail): 50% 
Basis of Allotment First Come First Serve 
Listing On BSE 
Visagar Financial Services Rights Issue Details

NCD Allocation Ratio 

Category  NCD’s Allocated 
Institutional 10% 
Non-Institutional 40% 
Retail 50% 
Category 4 0% 

NCD’s Offered by Category 

Category  NCD’s Reserved 
Institutional 50,000 
Non-Institutional 200,000 
Retail 250,000 
Category 4 
Total NCD’s 500,000 

Objects of the Issue 

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. 

Company Financials 

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 

Chemmanur Credits and Investments NCD Prospectus

Company Contact Information

Chemmanur Credits and Investments Limited
Mangalodhayam Building
Round South, Thrissur
680001, Kerala,

Phone: +91 0487-6621200/2424010

Chemmanur Credits and Investments NCD Registrar

KFin Technologies Limited
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India – 500 032.

Phone: 04067162222, 04079611000

Chemmanur Credits and Investments NCD Lead Manager(s)

  1. Vivro Financial Services Private Limited


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