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Secure Your Future with Smart Investments in Cholamandalam NCDs
Piyush Prajapati

Secure Your Future with Smart Investments in Cholamandalam NCDs!

Are you in search of a reliable investment opportunity to grow your hard-earned money? Look no further! Cholamandalam Investment and Finance Company Limited (CIFCL) is offering a golden opportunity for you to invest in their latest Public Issue of Non-Convertible Debentures (NCDs) – Cholamandalam NCDs. Let's delve into the exciting investment rationale and the company's profile to understand why this opportunity is not to be missed.

Investment Rationale:

CIFCL is all set to launch its Public Issue of secured, rated, and listed NCDs with an attractive face value of ₹1,000 each. The base issue size is ₹500 crores, and with an oversubscription option of ₹1,000 crores, you get a chance to invest up to ₹1,500 crores! This means ample opportunities to invest and grow your wealth.

The proposed NCDs come with an impressive credit rating of IND AA+/Stable by India Ratings & Research Private Limited and [ICRA] AA+ (Stable) by ICRA Limited for an amount of up to ₹5,000 crores. The NCDs will be listed on BSE and NSE, offering you a safe and transparent investment avenue.

Cholamandalam NCD Details:

Aspect Details
Public Issue Type Non-Convertible Debentures (NCDs)
Face Value 1,000 each
Base Issue Size 500 crores
Oversubscription Option 1,000 crores (Total Issue Size can go up to 1,500 crores)
Credit Ratings - IND AA+/Stable by India Ratings & Research Private Limited - [ICRA] AA+ (Stable) by ICRA Limited
Maximum Amount of NCDs with Credit Rating 5,000 crores
Listing Exchanges BSE (Bombay Stock Exchange) and NSE (National Stock Exchange)
Purpose of NCDs Secured and listed NCDs to raise funds for the company's financial requirements
Tenure Not specified (tenors may be provided ranging from 22 to 60 months in the Tranche II Issue)
Interest Payment Options Annual

Cumulative (Interest compounded annually and paid at maturity)

Minimum Subscription Amount 10,000
Subsequent Multiples 1,000

Company Profile:

CIFCL is a non-banking finance company and a part of the prestigious Murugappa group with over 122 years of legacy. This means you can trust their expertise and experience in financial services. The company started as an equipment financing firm and expanded its services to offer vehicle finance, home loans, loans to SMEs, and more.

With 25.10 lakh active customers and 1,191 branches across 29 states and Union Territories in India, CIFCL has an extensive distribution network, including rural and semi-urban markets. Their focus on technology and data analytics ensures efficient and digitized operations, making your investment experience seamless.

Strengths :

  • 1. Diversified product portfolio: CIFCL offers a wide range of financial products, ensuring a strong retail focus.
  • 2. Extensive distribution network: Their vast branch network, mainly in rural areas, provides diversified exposure and opportunities .
  • 3. Strong technology platform: With cutting-edge technology and data analytics, CIFCL enhances customer engagement and integration with ecosystem partners.
  • 4. Experienced management team: The company is led by a skilled and experienced team with a deep understanding of the financial services industry.

Opportunity for Investors :

The Cholamandalam NCD Tranche II Issue provides investors with various options to choose from, with attractive coupon rates and tenors ranging from 22 to 60 months. Whether you prefer annual or cumulative interest payments, there's an option that suits your financial goals.

With a minimum subscription of just ₹10,000 and multiples of ₹1,000 thereafter, investing in these NCDs is highly accessible for retail investors. Furthermore, CIFCL's strong financial position, represented by a CRAR of 17.10% and a low Stage 3 asset ratio of 3.01%, offers you confidence in the investment's stability.

Conclusion :

Cholamandalam Investment and Finance Company Limited's Tranche II Issue of NCDs (Cholamandalam NCDs) is a fantastic investment opportunity that you should not miss! With their strong financial position, diverse product portfolio, and extensive distribution network, investing in Cholamandalam NCDs promises a secure and rewarding future. So, take this chance to grow your wealth and secure your financial dreams! Remember to read the prospectus carefully and make informed investment decisions. Happy investing!
Piyush Prajapati 28 july, 2023

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