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Chemmanur Credits and Investments Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) subscription to start on July 26, 2024. Chemmanur Credits and Investments will offer 12.62% interest rates on the NCDs. Chemmanur Credits and Investments NCD has a rating of IND BBB-/Stable by India Ratings and Research Private Limited. The NCDs tenure is for 367 Days, 18, 24, 36, 60, and 70 Months. Check out Chemmanur Credits and Investments NCD 2024 details here.
Table of Contents
Chemmanur Credits and Investments is a non-deposit-taking, non-banking financial company (base layer) registered with the RBI bearing registration no. N16-00185 dated June 10, 2010, under Section 45-IA of the RBI Act primarily engaged in the gold loan sector lending money against the pledge of household gold jewellery (Gold Loans) in the states of Kerala, Tamil Nadu, Karnataka Andhra Pradesh, and Maharashtra. They also provide Microfinance Loans, business and personal loans, money transfer services, and distribution of third-party insurance products. They have been engaged in the lending business for more than 13 years and are based in Kerala, India. As of June 30, 2024, they operated through 270 branches located across 5 states namely Kerala, Tamil Nadu, Karnataka, Maharashtra, and Andhra Pradesh managed through their registered office located at Thrissur, Kerala and they employ 1404 persons in their business operations.
Chemmanur Credits and Investments NCD July 2024 Details
| NCD Issue Open | July 26, 2024 |
| NCD Issue Close | August 8, 2024 |
| NCD Issue Size | Base: 40 Cr. | Shelf: 60 Cr. |
| Price Band | ₹1000 per NCD |
| Face Value | ₹1000 per NCD |
| Interest Rate | Up to 12.62% ** (Annually) |
| Minimum Investment | 10 Bonds (₹10,000) |
| Market Lot | 1 NCD |
| Listing on | BSE Platform |
| Credit Rating | IND BBB-/Stable by India Ratings and Research Private Limited. |
| Tenor | 367 Days, 18, 24, 36, 60, and 70 Months |
| Basis of Allotment | First Come First Serve Basis |
| DRHP Document | Click Here |
| RHP Document | Click Here |
- The Chemmanur Devassykutty Boby is promoters and is a professionally managed company.
How to Apply Chemmanur Credits and Investments NCD July 2024 Issue?
You can apply from your existing Demat account online and offline. You can apply by downloading the form from the official website and filling up all the details with the cheque for the said amount. You can submit it to the collection centers.
Chemmanur Credits and Investments NCD Review
- Avoid
Chemmanur Credits and Investments NCD July 2024 Tenure & Interest Rates
| Opt | Tenure | Payment | Coupon | Eff. Yield |
| 1 | 367 Days | Month | 9.50% | 9.92% |
| 2 | 18 Month | Month | 10.75% | 11.30% |
| 3 | 24 Month | Month | 11.00% | 11.57% |
| 4 | 36 Month | Month | 11.25% | 11.85% |
| 5 | 60 Month | Month | 12.00% | 12.68% |
| 6 | 367 Days | Cumu. | NA | 9.50% |
| 7 | 24 Days | Cumu. | NA | 11.00% |
| 8 | 60 Days | Cumu. | NA | 12.25% |
| 9 | 70 Days | Cumu. | NA | 12.62% |
Chemmanur Credits and Investments NCD Allocation Ratio
| Category | Allocation |
| Institutional | 10% |
| Non-Institutional | 40% |
| HNI | -% |
| Retail | 50% |
Chemmanur Credits and Investments NCD July 2024 Lead Manager
- Vivro Financial Services Private Limited
Chemmanur Credits and Investments NCD July 2024 Allotment Status
- Chemmanur Credits and Investments NCD issue allotment available on KFintech.
Chemmanur Credits and Investments NCD July 2024 Registrar
Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Phone: 04067162222, 04079611000
Email: [emailprotected]
Website: https://kosmic.kfintech.com/ipostatus/
Company Information
Chemmanur Credits and Investments Limited
Door No. D1 to D4, 3rd Floor,
Avenue Tower, East Fort,
Thrissur East, Thrissur – 680005
Phone: +91 487-7121200
Email: [emailprotected]
Website:http://www.chemmanurcredits.com
Chemmanur Credits and Investments NCD July 2024 FAQs:
When is Chemmanur Credits and Investments NCD Open?
Chemmanur Credits and Investments NCD is to open on July 26 and close on August 8, 2024.
What is Chemmanur Credits and Investments NCD Price?
The company has fixed the price at ₹1000 per NCD.
What is Chemmanur Credits and Investments NCD Issue Size?
The NCD issue size is ₹40 crores.
On Which platform the Chemmanur Credits and Investments NCD will list?
Chemmanur Credits and Investments NCD will list on BSE Platforms.
How to apply for Chemmanur Credits and Investments NCD?
You can apply from your existing Demat account online and offline.
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