Established in 1978, Cholamandalam Investment and Finance Company Limited (Chola) stands as the financial services division of the esteemed Murugappa Group.
Chola delivers a comprehensive suite of financial solutions, including vehicle finance, home loans, home equity loans, SME loans, investment advisory services, stock broking, and an array of other financial offerings.
With an extensive footprint, Chola boasts an impressive network of 1166 branches that span the length and breadth of India. This operational presence is accompanied by a robust asset management portfolio exceeding INR 1,03,789 Crores, demonstrating the company’s financial prowess. Testament to its impact, Chola’s customer base extends to over 21 lakh individuals across the entirety of India.
Cholamandalam Investment NCD Tranche I April 2023 Detail #
| Issue Open | Apr 25, 2023 – Apr 27, 2023 |
| Security Name | Cholamandalam Investment and Finance Company Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 500.00 Crores |
| Issue Size (Shelf) | Rs 5,000.00 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, NSE |
| Credit Rating | ICRA AA+ (Stable) by ICRA Limited and IND AA+ (Stable) by India Ratings & Research Private Limited |
| Tenor | 22, 37 and 60 months |
| Series | Series I to VI |
| Payment Frequency | Annually and Cumulative |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee/s | Idbi Trusteeship Services Ltd. |
Cholamandalam Investment and Finance Company Limited NCD Coupon Rates
| # | 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 1,497.40 |
NCD Rating #
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.
Company Promoters #
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, M A Alagappan (holds shares on behalf of Kadamane Estates) are the company promoters.
Company Financials #
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-18 | 44,089.73 | 5,479.66 | 918.30 |
| 31-Mar-19 | 57,490.12 | 7,108.83 | 1,196.94 |
| 31-Mar-20 | 64,058.38 | 8,712.63 | 1,053.72 |
| 31-Mar-21 | 74,644.16 | 9,639.72 | 1,521.39 |
| 31-Mar-22 | 82,478.68 | 10,231.81 | 2,158.89 |
| Amount in ₹ Crore | |||
Objects of the Issue #
- Onward lending, financing, and repayment of interest and principal of existing borrowings of the company.
- General corporate purposes.
Cholamandalam Investment NCD Tranche I April 2023 Prospectus #
Cholamandalam Investment NCD Tranche I April 2023 Subscription Status #
The Cholamandalam Investment NCD Tranche I April 2023 was subscribed 5.17 times on Apr 27, 2023 5:00:00 PM. The NCD subscribed 2.05 times in Retail, 2.06 times in HNI, 10.49 times in Non-Institutional, and 7.10 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 2.05x |
| HNI | 2.06x |
| Non-Institutional | 10.49x |
| Institutional | 7.10x |
| Total | 5.17x |
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Company Contact Information #
Dare House, No. 2,
N.S.C. Bose Road, Parrys,
Chennai 600 001, Tamil NaduPhone: +91 44 4090 7172
Email: investors@chola.murugappa.com
Website: http://www.cholamandalam.com
Cholamandalam Investment NCD Tranche I April 2023 Registrar #
Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Phone: 04067162222, 04079611000
Email: chola.ncdipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
