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| Issue Size (Base) | ₹50.00 Cr |
| Face Value | ₹1000 each NCD |
| Issue Price | ₹1000 per NCD |
| Market Lot | 1 NCD |
| Min Order Qty | 10 NCD |
| Min Order Amount | ₹10000 |
| Listing at | BSE |
| Tenor | 367 Days, 18, 24, 36, 60, and 70 Months |
| Credit Rating | IND BBB-/Stable by India Ratings and Research Private Limited. |
| Series | Series I to IX |
| Payment Frequency | Monthly, Annual and Cumulative |
Chemmanur Credits And Investments Limited's revenue increased by 28% and profit after tax (PAT) rose by 115% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 635.04 | 499.42 | 430.46 | |||||||||||||||||||||||||||
| Revenue | 106.14 | 83.21 | 73.49 | |||||||||||||||||||||||||||
| Profit After Tax | 1.72 | 0.8 | 2.66 | |||||||||||||||||||||||||||
| Reserves and Surplus | 29.03 | 27.41 | 26.52 | |||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||
The Company proposes to utilise the funds which are being raised through the Issue towards funding the following objects:
| # | Issue Objects |
|---|---|
| 1 | For onward lending, financing, and repayment/prepayment of principal and interest on borrowings of the Company; and |
| 2 | General corporate purposes |
| Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 | |
|---|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Monthly | Monthly | Monthly | Annual | Annual | Cumulative | Cumulative | Cumulative |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 367 Days | 18 Months | 24 Months | 60 Months | 36 Months | 60 Months | 367 Days | 24 Months | 70 Months |
| Coupon (% per Annum) | 9.5% | 10.75% | 11% | 12% | 11.15% | 12.1% | NA | NA | NA |
| Effective Yield (% per Annum) | 9.92% | 11.3% | 11.57% | 12.68% | 11.15% | 12.1% | 9.5% | 11% | 12.62% |
| Amount on Maturity (In Rs.) | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,095.52 | Rs 1,232 | Rs 2,000.28 |
Chemmanur Credits and Investments Ltd is a RBI registered non-deposit taking non-banking financial company (NBFC) in India. The company is primarily engaged in the gold loan segment where it lend money against household gold jewellery in the state of Tamil Nadu, Kerala, Karnataka, Andhra Pradesh, and Maharashtra.
Additionally, it also offers microfinance loans, business and personal loans, money transfer services, and 3rd party insurance products. Under the microfinance loans, it provides unsecured loans to women group for their personal and business needs. It also offers the joint liability group (JLG) and Gramin Shakti Loan as unsecured loans.
As on Sep 30, 2024, it has 282 branches located across 5 states.
