Cholamandalam Investment NCD 2023 Detail

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Cholamandalam Investment and Finance Company Limited (Chola), established in 1978, serves as the financial services division of the Murugappa Group. Offering a wide range of financial services including vehicle finance, home loans, home equity loans, SME loans, investment advisory services, and stock broking, Chola has built a strong presence with 1166 branches throughout India. Managing assets worth over INR 1,03,789 Crores and serving more than 21 lakh customers across the country, Chola is a prominent player in the Indian financial services industry. 

Cholamandalam Investment

Cholamandalam Investment NCD April 2023 Detail 

Issue Open Apr 25, 2023 – Apr 27, 2023 
Security Name Cholamandalam Investment and Finance Company Limited 
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) 
Issue Size (Base) Rs 500.00 Crores 
Issue Size (Shelf) Rs 5,000.00 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, NSE 
Credit Rating ICRA AA+ (Stable) by ICRA Limited and IND AA+ (Stable) by India Ratings & Research Private Limited 
Tenor 22, 37 and 60 months 
Series Series I to VI 
Payment Frequency Annually and Cumulative 
Basis of Allotment First Come First Serve Basis 
Debenture Trusties Idbi Trusteeship Services Ltd. 
PNB Housing Finance Rights Issue Detail 

NCD Allocation Ratio 

CategoryNCD’s Allocated 
Institutional 20% 
Non-Institutional 25% 
HNI 25% 
Retail 30% 

NCD’s Offered by Category 

CategoryNCD’s Reserved 
Institutional 1,000,000 
Non-Institutional 1,250,000 
HNI 1,250,000 
Retail 1,500,000 
Total NCD’s 5,000,000 

Company Financials 

Period Ended Total Assets Total Revenue Profit After Tax 
31-Mar-18 44,089.73 5,479.66 918.30 
31-Mar-19 57,490.12 7,108.83 1,196.94 
31-Mar-20 64,058.38 8,712.63 1,053.72 
31-Mar-21 74,644.16 9,639.72 1,521.39 
31-Mar-22 82,478.68 10,231.81 2,158.89 
Amount in ₹ Crore 

Objects of the Issue 

The proceeds from the issue will be used for the following objects: 

  1. Onward lending, financing, and repayment of interest and principal of existing borrowings of the company. 
  1. General corporate purposes. 

Cholamandalam Investment NCD Tranche I April 2023 Prospectus

Company Contact Information

Cholamandalam Investment and Finance Company Limited
Dare House, No. 2,
N.S.C. Bose Road, Parrys,
Chennai 600 001, Tamil Nadu

Phone: +91 44 4090 7172
Email: investors@chola.murugappa.com
Websitehttp://www.cholamandalam.com

Cholamandalam Investment NCD Tranche I April 2023 Registrar

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

Phone: 04067162222, 04079611000
Email: chola.ncdipo@kfintech.com
Websitehttps://karisma.kfintech.com/

Cholamandalam Investment NCD Tranche I April 2023 Lead Manager(s)

  1. A.K. Capital Services Limited

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