Chemmanur Credits and Investments Limited, a non-deposit-taking, non-banking financial company (NBFC) registered with the Reserve Bank of India, has announced the launch of its Secured, Redeemable, Non-Convertible Debentures (NCDs) issue, open from June 3, 2025, to June 16, 2025.
Company Background
Incorporated in 2008, Chemmanur Credits and Investments Limited primarily operates in the gold loan segment, offering loans against the pledge of household gold jewelry. The company’s operations are concentrated in Kerala, Tamil Nadu, and Karnataka, with additional presence in Maharashtra and Andhra Pradesh. As of September 30, 2024, Chemmanur Credits managed 282 branches across five states, employing 1,424 people. The company is part of the Boby Chemmanur Group, which has a diversified presence in gold jewelry businesses in India, the USA, and the Middle East. The group is recognized for its BIS-certified gold purity.
NCD Issue Details
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Issue Period: June 3, 2025 – June 16, 2025
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Security Name: Chemmanur Credits and Investments Limited
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Security Type: Secured, Redeemable, Non-Convertible Debentures
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Issue Size (Base): ₹50 Crores
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Issue Size (Oversubscription): ₹50 Crores
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Total Issue Size: ₹100 Crores
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Issue Price: ₹1,000 per NCD
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Face Value: ₹1,000 per NCD
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Minimum Lot Size: 10 NCDs
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Listing: BSE
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Credit Rating: IND BBB-/Stable by India Ratings and Research Private Limited
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Basis of Allotment: First Come First Serve Basis
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Debenture Trustee: Mitcon Credentia Trusteeship Services Limited
NCD Allocation Ratio
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Institutional: 10%
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Non-Institutional: 40%
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Retail: 50%
Coupon Rates and Series Details
| Series | Frequency of Interest Payment | Tenor | Coupon (% p.a.) | Effective Yield (% p.a.) | Amount on Maturity (₹) |
|---|---|---|---|---|---|
| 1 | Monthly | 18 Months | 10.50% | 11.02% | 1,000.00 |
| 2 | Monthly | 24 Months | 10.90% | 11.46% | 10,000.00 |
| 3 | Monthly | 36 Months | 11.30% | 11.90% | 1,000.00 |
| 4 | Monthly | 60 Months | 12.00% | 12.68% | 1,000.00 |
| 5 | Cumulative | 366 Days | NA | 9.50% | 1,095.27 |
| 6 | Cumulative | 24 Months | NA | 11.00% | 1,232.00 |
| 7 | Cumulative | 70 Months | NA | 12.62% | 2,000.28 |
| Period Ended | Assets (₹ Cr) | Revenue (₹ Cr) | Profit After Tax (₹ Cr) | Reserves and Surplus (₹ Cr) |
|---|---|---|---|---|
| 31 Mar 2024 | 635.04 | 106.14 | 1.72 | 29.03 |
| 31 Mar 2023 | 499.42 | 83.21 | 0.80 | 27.41 |
| 31 Mar 2022 | 430.46 | 73.49 | 2.66 | 26.52 |
The funds raised through this NCD issue will be used for:
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Onward lending, financing, and repayment/prepayment of principal and interest on borrowings of the company.
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General corporate purposes.
Contact Information
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Registered Office: Door No. D1 to D4, 3rd Floor, Avenue Tower, East Fort, Thrissur East, Thrissur-680005, Kerala, India
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Phone: +91 487-7121200
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Email: cs@chemmanurcredits.com
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Website: chemmanurcredits.com
Registrar
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Kfin Technologies Limited
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KFintech, Tower-B, Plot No 31 & 32, Financial District, Nanakramguda, Gachibowli, Hyderabad, Telangana - 500032
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Phone: 04067162222, 04079611000
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Email: ccil.ncdipo@kfintech.com
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Website: kosmic.kfintech.com/ipostatus/
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Lead Manager
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Vivro Financial Services Private Limited
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