Chemmanur Credits & Investments Ltd NCD March 2026
NCD Issue Opens on 2 March 2026
NCD Issue Closes on 16 March 2026
NCD Review/Guidance is given at the bottom of the post
About the Company:
Chemmanur Credits & Investments Limited, incorporated in 2008, is an RBI-registered non-deposit taking NBFC (Base Layer) primarily engaged in gold loan financing against household jewellery across Kerala, Tamil Nadu and Karnataka. The company also offers microfinance, business and personal loans, money transfer services and insurance distribution. As of September 30, 2024, it operated through 282 branches across five states and is part of the Boby Chemmanur Group with a strong presence in the jewellery business.
Get more details about the company @ https://www.chemmanurcredits.com/
NCD Promoter: Chemmanur Devassykutty Boby
NCD Rating
| S.No. | Rating Agency | NCD Rating | Outlook | Safety Degree | Risk Degree |
|---|---|---|---|---|---|
| 1 | India Ratings & Research Pvt Ltd | BBB- | Stable | Moderate degree of safety | Moderate credit risk |
Chemmanur Credits & Investments Ltd NCD March 2026 Details
| Particulars | Details |
|---|---|
| Issue Open | March 2, 2026 |
| Issue Close | March 16, 2026 |
| Security Name | Chemmanur Credits & Investments Ltd |
| Security Type | Secured, Redeemable, Non-Convertible Debentures |
| 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 |
| Debenture Trustee | Mitcon Credentia Trusteeship Services Ltd |
| Lead Manager | Vivro Financial Services Pvt Ltd |
| Registrar | Kfin Technologies Ltd |
NCD Allocation (%)
| Category | Allocation (%) |
|---|---|
| Institutional | 10.00% |
| Non-Institutional | 40.00% |
| Retail | 50.00% |
| Total | 100.00% |
Chemmanur Credits & Investments Ltd NCD Coupon Rates
| Particulars | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 |
|---|---|---|---|---|---|---|---|
| Interest Payment | Monthly | Monthly | Monthly | Monthly | Cumulative | Cumulative | Cumulative |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 18 Months | 24 Months | 36 Months | 61 Months | 400 Days | 24 Months | 72 Months |
| Coupon (% p.a.) | 10.25% | 10.80% | 11.25% | 12.00% | NA | NA | NA |
| Effective Yield (% p.a.) | 10.75% | 11.35% | 11.85% | 12.68% | 9.25% | 11.00% | 12.25% |
| Amount on Maturity (Rs.) | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 | 1,101.81 | 1,232.00 | 2,000.00 |
Objects of the Issue
| S.No. | Objects |
|---|---|
| 1 | Onward lending and financing activities |
| 2 | Repayment/prepayment of principal and interest on borrowings |
| 3 | General corporate purposes |
Chemmanur Credits & Investments Ltd Financial Information
| Particulars (Rs Cr) | FY25 | FY24 | FY23 |
|---|---|---|---|
| Assets | 693.18 | 635.04 | 499.42 |
| Total Income | 141.74 | 106.14 | 83.21 |
| Profit After Tax | 2.48 | 1.72 | 0.80 |
| Reserves & Surplus | 38.42 | 29.03 | 27.41 |
Address of the Company
Chemmanur Credits & Investments Ltd
Door No. D1 to D4, 3rd Floor, Avenue Tower, East Fort, Thrissur, Kerala – 680005
Phone: +91 487-7121200
Email: cs@chemmanurcredits.com
NCD Registrar
Kfin Technologies Ltd
Phone: 04067162222, 04079611000
Email: ccil.ncdipo@kfintech.com
NCD Lead Manager(s)
Vivro Financial Services Pvt Ltd
Chemmanur Credits & Investments Ltd NCD – March 2026 Review
Chemmanur Credits & Investments Ltd operates in the gold loan financing segment, which typically offers higher yields but carries moderate credit risk. The March 2026 NCD issue aggregates up to Rs 100 Cr and offers coupon rates ranging from 10.25% to 12.00% depending on tenure and payment structure. The issue is rated BBB- (Stable) by India Ratings, reflecting moderate safety.
Financials show steady growth in assets and income supported by branch expansion across South India. Effective yields up to 12.68% may attract income-focused investors, though risk-conscious investors should note the rating profile. Allocation is retail-heavy (50%), which may support subscription participation.
Chanakya View: Suitable for investors seeking higher yield fixed-income options with moderate risk appetite. Conservative investors may prefer higher-rated debt instruments even with lower yields.
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