Chemmanur Credits and Investments NCD October 2025
NCD Issue Opens on 17 October 2025
NCD Issue Closes on 3 Novermber 2025
# NCD Guidance is given at the bottom of the post
🕗 Last Update: 17 October 2025, 6.00 AM
About the Company:
Incorporated in 2008, Chemmanur Credits and Investments Ltd. is a non-deposit-taking NBFC (base layer) registered with the RBI. The company primarily focuses on gold loans secured against household gold jewellery, operating mainly in Kerala, Tamil Nadu, and Karnataka.
It also offers microfinance, business and personal loans, along with money transfer and insurance distribution services. As of September 30, 2024, the company had 282 branches across five states, employing over 1,400 staff.
Part of the Boby Chemmanur Group, known for its gold jewellery business across India, the USA, and the Middle East, the company benefits from the group’s strong brand and trust built on BIS-certified gold purity standards.
NCD Promoter:
The Promoter of the company is Chemmanur Devassykutty Boby
NCD Rating
| Rating Agency | NCD Rating | Outlook | Safety Degree | Risk Degree |
| India Ratings & Research Private Limited | BBB- | Stable | Moderate degree of safety | Moderate credit risk |
Chemmanur Credits and Investments NCD October 2025 Details
|
Issue Open |
October 17, 2025 – November 3, 2025 |
| Security Name | Chemmanur Credits and Investments Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 50.00 Crores |
| Issue Size (Oversubscription) | Rs 50.00 Crores |
| Overall Issue Size | Rs 100.00 Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee/s | Mitcon Credentia Trusteeship Services Ltd. |
NCD Allocation Ratio
| Category | NCD’s Allocated |
| Institutional | 10% |
| Non-Institutional | 40% |
| Retail | 50% |
Chemmanur Credits And Investments October 25 NCD Coupon Rates
| Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | |
| Frequency of Interest Payment | Monthly | Monthly | Monthly | Monthly | Cumulative | Cumulative | Cumulative |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 18 Months | 24 Months | 36 Months | 60 Months | 366 Days | 24 Months | 70 Months |
| Coupon (% per Annum) | 10.50% | 10.90% | 11.30% | 12.00% | NA | NA | NA |
| Effective Yield (% per Annum) | 11.02% | 11.46% | 11.90% | 12.68% | 9.50% | 11.00% | 12.62% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,095.27 | Rs 1,232.00 | Rs 2,000.28 |
Objects of the Issue
The company proposes to utilize the funds which are being raised through the Issue:
The Net Proceeds raised through this Issue will be utilized for the following purposes in the ratio provided below:
1) for onward lending, financing, and for repayment/prepayment of principal and interest of existing borrowings (including redemption of NCDs which would become due for redemption) of the Company.
2) for general corporate purposes.
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Chemmanur Credits And Investments Limited Financials
| Period Ended | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
| Assets | 693.18 | 635.05 | 499.42 |
| Total Income | 141.74 | 106.15 | 83.21 |
| Profit After Tax | 2.48 | 1.72 | 0.8 |
| Amount in Rs. Crore | |||
Address of the Company
Chemmanur Credits And Investments Limited
Door No. D1 to D4, 3rd Floor
Avenue Tower, East Fort,
Thrissur East, Thrissur-680005
NCD Lead Managers
Vivro Financial Services Pvt ltd
NCD Registrar
Kfin Technologies Ltd
NCD Review by Paresh Gordhandas, CA & Research Analyst
Chemmanur Credits and Investments Ltd. is an NBFC from the reputed Chemmanur Group, engaged mainly in gold loans and small-ticket financing. The company has shown consistent business growth with FY25 total income of ₹141.74 crore and PAT of ₹2.48 crore.
The NCDs are Secured and Rated BBB-/Stable by India Ratings, reflecting a moderate degree of safety and moderate credit risk. The issue offers coupon rates up to 12.00% p.a. with an effective yield up to 12.68%, which is attractive for investors seeking higher fixed-income returns.
Funds will be used for onward lending and repayment of existing borrowings. Given the mid-level rating and moderate scale of operations, investors may consider small to moderate investment for short to medium tenure options only.
Chanakya View: Secure structure with reasonable yields — suitable for investors with moderate risk appetite.
