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| Issue Size (Base) | ₹50.00 Cr |
| Issue Size (Shelf) | ₹100.00 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 | 366 days, 18, 24, 36, 60, 12 and 74 months |
| Credit Rating | CRISIL BBB-/Stable by CRISIL Ratings Limited. |
| Series | Series I to VIII |
| Payment Frequency | Monthly and Cumulative |
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 | |||
Chemmanur Devassykutty Boby is the company promoter.
The company proposes to utilise the funds which are being raised through the Issue:
| # | Issue Objects |
|---|
| 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 Credits And Investments Limited was incorporated in 2008 and is a non-banking financial company (basic layer) registered with the RBI under registration number N-16-00185 dated June 10, 2010 under Section 45- IA of the RBI Act, primarily providing gold loans and money lending against pledge of household gold jewellery (“Gold Loans”) in the states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh and Maharashtra. It also provides microfinance loans, business and personal loans, money transfer services, and third-party insurance product distribution.
The company is part of the Boby Chemmanur Group, which operates in various business segments and is headquartered in Kerala, India. The group also operates retail gold jewellery stores in the U.S. and the Middle East, in addition to India. Boby Chemmanur Group has received BIS certification for gold purity. Its founder is Chemmanur Devassykutty Boby, popularly known as Boby Chemmanur, the chairman and managing director of the company. Currently, the company offers various gold lending programmes to meet the individual needs of its customers.
The Company also offers its customers business loans known as Gramin Shakthi Loan (“Business Loan”) for their business needs. These are secured business loans where the target customers are engaged in small businesses but currently rely on informal sources of financing. The purpose of this type of loan is to allow customers to expand their business. Gramin Shakthi loans help customers overcome difficulties in meeting their financing needs or obtaining working capital.
