Cholamandalam Investment NCD November 2023 – Effective Yield 8.60% p.a.

Cholamandalam Investment Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) subscription to start on November 28, 2023. Cholamandalam Investment will offer 8.60% interest rates on the NCDs. Cholamandalam Investment NCD has a rating of IND AA+/Stable by India Ratings & Research Private Limited and ICRA AA+ (Stable) by ICRA Limited. The NCDs tenure is for 24, 36 and 60 Months. Check out Cholamandalam Investment NCD 2023 details here.
Cholamandalam Investment

Table of Contents

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 OpenNovember 28, 2023
NCD Issue CloseDecember 1, 2023
NCD Issue SizeBase: 500 Cr. | Shelf: 5000 Cr.
Price Band₹1000 per NCD
Interest RateUp to 8.60% ** (Annually)
Minimum Investment10 Bonds (₹10,000)
Listing onBSE, NSE Platform
Credit RatingIND AA+/Stable by India Ratings & Research Private Limited
ICRA AA+ (Stable) by ICRA Limited
Tenor24, 36, and 60 Months
Basis of AllotmentFirst Come First Serve Basis
DRHP DocumentClick Here
RHP DocumentClick 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

OptTenurePaymentCouponEff. Yield
124 MonthAnnual8.40%8.39%
224 MonthCumulativeNA8.40%
336 MonthAnnual8.50%8.49%
436 MonthCumulativeNA8.50%
560 MonthAnnual8.60%8.59%
660 MonthCumulativeNA8.60%

Cholamandalam Investment NCD Allocation Ratio

CategoryAllocation
Institutional20%
Non-Institutional35%
HNI25%
Retail20%

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/

Cholamandalam Investment NCD November 2023 FAQs:


When is Cholamandalam Investment NCD Open?

Cholamandalam Investment NCD is to open on November 28 and close on December 1, 2023.

What is Cholamandalam Investment NCD Price?

The company has fixed the price at ₹1000 per NCD.

What is Cholamandalam Investment NCD Issue Size?

The NCD issue size is ₹500 crores.

On Which platform the Cholamandalam Investment NCD will list?

Cholamandalam Investment NCD will list on BSE and NSE Platforms.

How to apply for Cholamandalam Investment NCD?

You can apply from your existing Demat account online and offline.
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