Loading...
Guest User
Welcome! Please login.
| Issue Size (Base) | ₹500.00 Cr |
| Issue Size (Shelf) | ₹5000.00 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, NSE |
| Tenor | 22, 37 and 60 months |
| Credit Rating | ICRA AA+ (Stable) by ICRA Limited and IND AA+ (Stable) by India Ratings & Research Private Limited |
| Series | Series I to VI |
| Payment Frequency | Annually and Cumulative |
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 |
| Assets | 64,058.38 | 74,644.16 | 82,478.68 |
| Revenue | 8,712.63 | 9,639.72 | 10,231.81 |
| Profit After Tax | 1,053.72 | 1,521.39 | 2,158.89 |
| Net Worth | |||
| Reserves and Surplus | |||
| Total Borrowing |
Cholamandalam Financial Holdings Limited, Ambadi Investments Limited, M V Subbiah, M A Alagappan, A Vellayan, A Venkatachalam, M M Murugappan, M M Venkatachalam, M A M Arunachalam, S Vellayan, Arun Alagappan, M M Veerappan, V Narayanan, V Arunachalam, M M Muthiah, M V Muthiah, Arun Venkatachalam, M V Subramanian, M V Murugappan HUF, M V Subbiah HUF, M A Alagappan HUF, A Vellayan HUF, A Venkatachalam HUF, M M Murugappan HUF, M A M Arunachalam HUF, M M Venkatachalam HUF, M M Muthiah HUF, A M M Arunachalam HUF, Murugappa & Sons (M V Subbiah, M A Alagappan & M M Murugappan hold shares on behalf of the firm) Tube Investments of India Limited New Ambadi Estates Private Limited, Coromandel International Limited, Ambadi Enterprises Limited, Carborundum Universal Limited, E.I.D. Parry (India) Limited, and M A Alagappan (holds shares on behalf of Kadamane Estates) are the company promoters.
| # | Issue Objects |
|---|---|
| 1 | Onward lending, financing, and repayment of interest and principal of existing borrowings of the company. |
| 2 | General corporate purposes. |
| 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 |
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.
Cholamandalam Investment And Finance Company Limited was incorporated in 1978 as a financial services company of Murugappa Group which has been in existence for more than 122 years. The company is categorized as NBFC-ICC. It started its operations as an equipment financing company and has since expanded its services to include vehicle financing, real estate loans, home loans, small and medium enterprise (SME) loans, consumer and small business loans, and secured business and personal loans. Through their subsidiaries, they also provide stock brokerage services and a range of other financial services to their clients.
They have been able to leverage their knowledge and experience in the vehicle finance industry, as well as their relationships with OEMs and dealers, to grow their business and expand their business network. By focusing on technology and leveraging data analytics, the company has been able to digitize its operations, increase efficiency, reduce headcount and shorten cycle times. The company believes that its track record in all business areas, prudent risk management, and strong credit ratings are the key factors that have led to its growth over the years. In addition, as part of the Murugappa Group, the company has been able to achieve significant synergies by leveraging its brand and existing customer base.
Its principal business segment includes :
New initiation of business model described as below :
