Cholamandalam Investment is a non-banking finance company, incorporated in 1978 as the financial services arm of the Murugappa group, which has more than 122 years of existence. The Company is categorized as a NBFC-ICC. The company offers vehicle finance, loans against property, home loans, loans to small and medium-sized enterprises (“SMEs”), consumer and small enterprise loans, and secured business and personal loans. They also offer stock broking and a variety of other financial services to customers through their Subsidiaries.
As of September 30, 2023, they had 30.94 lakh active customers across India. They are diversified in terms of the products they offer, the geographies within India where they operate, and cater to all customers. As of September 30, 2023, they had 1,267 branches and 571 resident locations across 29 states and Union Territories in India. They have been able to leverage their knowledge and experience in the vehicle finance industry coupled with their relationships with OEMs and dealers to grow their operations and expand their operating network.
Cholamandalam Investment Tranche III NCD November 2023 Details
| NCD Issue Open | November 28, 2023 |
| NCD Issue Close | December 1, 2023 |
| NCD Issue Size | Base: 500 Cr. | Shelf: 5000 Cr. |
| Price Band | ₹1000 per NCD |
| Interest Rate | Up to 8.60% ** (Annually) |
| Minimum Investment | 10 Bonds (₹10,000) |
| Listing on | BSE, NSE Platform |
| Credit Rating | IND AA+/Stable by India Ratings & Research Private Limited ICRA AA+ (Stable) by ICRA Limited |
| Tenor | 24, 36, and 60 Months |
| Basis of Allotment | First Come First Serve Basis |
| DRHP Document | Click Here |
| RHP Document | Click Here |
Cholamandalam Investment NCD November 2023 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’s promoters.
How to Apply Cholamandalam Investment NCD November 2023 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.
Cholamandalam Investment NCD Review
- May Apply
Cholamandalam Investment NCD November 2023 Tenure & Interest Rates
| Opt | Tenure | Payment | Coupon | Eff. Yield |
| 1 | 24 Month | Annual | 8.40% | 8.39% |
| 2 | 24 Month | Cumulative | NA | 8.40% |
| 3 | 36 Month | Annual | 8.50% | 8.49% |
| 4 | 36 Month | Cumulative | NA | 8.50% |
| 5 | 60 Month | Annual | 8.60% | 8.59% |
| 6 | 60 Month | Cumulative | NA | 8.60% |
Cholamandalam Investment NCD Allocation Ratio
| Category | Allocation |
| Institutional | 20% |
| Non-Institutional | 35% |
| HNI | 25% |
| Retail | 20% |
Cholamandalam Investment NCD November 2023 Lead Manager
- A.K. Capital Services Limited
Cholamandalam Investment NCD November 2023 Allotment Status
- Cholamandalam Investment NCD issue allotment available on KFintech.
Cholamandalam Investment NCD November 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: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
Company Information
Cholamandalam Investment and Finance Company Limited
Chola Crest, C54-55 and Super B-4,
Thiru-Vi-Ka Industrial Estate, Guindy,
Chennai – 600032
Phone: +91 44 4090 7172
Email: [email protected]
Website: https://www.cholamandalam.com/
