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Cholamandalam Investment and Finance Company Limited NCD
Issue Size (Net)
upto to Rs.1000 Cr
Credit Ratings
AA+/Stable” by India Rating & Research Pvt Ltd and ICRA Ltd
Issue Opening Date
April 25, 2023
Issue Closing Date
May 27, 2023
Specific Terms for Each Series of NCDs
Series I II III IV V VI
Frequency of Interest Payment Annual Cumulative Annual Cumulative Annual Cumulative
Tenor 22 Months 22 Months 37 Months 37 Months 60 Months 60 Months
Coupon (% per annum) for NCD Holders in all Categories of Investors 8.25% NA 8.30% NA 8.40% NA
Effective Yield (% per annum) for NCD Holders in all Categories of Investors 8.26% 8.25% 8.30% 8.30% 8.39% 8.40%
Redemption Amount (Rs. / NCD) on Maturity for NCD Holders in all Categories of Investors Rs.1,000 Rs.1156.64 Rs.1,000 Rs.1279.15 Rs.1,000 Rs.1497.40
*Company shall allocate and allot Series III NCDs wherein the Applicants have not indicated the choice of the relevant NCD Series.
1.Company Information

Cholamandalam Investment and Finance Company Limited (“CIFCL” / “the Company”) 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 an NBFC-ICC.CIFCL has commenced business as an equipment financing company and has since expanded its operations to offer vehicle finance, loan against property, home loans, loans to small and medium-sized enterprises (“SMEs”), consumer and small enterprise loans, and secured business and personal loans.The company has been able to leverage its knowledge and experience in the vehicle finance industry coupled with its relationships with OEMs and dealers to grow its operations and expand its operating network. The company's focus on technology and the use of data analytics has allowed for its driving and digitizing of operations, improving efficiency, and reducing manpower and turnaround time.The company believes that its track record of financial performance across its businesses, prudent risk management practices, and strong credit ratings are key factors that have resulted in its growth over the years. In addition, being a part of the Murugappa group the company is able to derive significant synergies by leveraging their brand and existing customer base.

2. Ratings

Proposed NCDs have a 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 Rs. 5,000 crores.

3. CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED 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: iccl.ncdipo@kfintech.com

Website:Website: Website: https://karisma.kfintech.com/

Cholamandalam Investment and Finance Company Limited Financial Information (Restated Consolidated)

Period Ended
Total Assets
Total Revenue
Profit After Tax
31-Mar-18
44,089.73
5,479.66
918.3
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 Rs. Crore
Issuer CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED
Instrument Secured Redeemable Non-Convertible Debentures (NCDs)
Issue Opens on Tuesday , April 25, 2023
Issue Closes on Tuesday, May 27, 2023
Issue Size Rs. 500 Crs with an option to retain oversubscription up to Rs. 500 Crs aggregating upto to Rs. 1000 Crs
Issue Price / Face Value Rs.1,000/- per NCD
Minimum Application Rs.10,000/- (10 NCD) and in multiples of Rs.1,000/- (1 NCD) thereafter.
Credit Rating AA+/Stable” by India Rating & Research Pvt Ltd and ICRA Ltd
Registrar KFin Technologies Ltd
Listing The NCDs are proposed to be listed on BSE and NSE
Category I - Institutional II - Non-Institutional III - HNI IV - Retail
Category Allocation 20% 25% 25% 30%
Put/Call Option N.A.
Category Allocation Compulsorily in dematerialized form.
Allotment First Come First Serve Basis
Depositories NSDL and CDSL
Specific Terms for Each Series of NCDs
Series I II III IV V VI
Frequency of Interest Payment Annual Cumulative Annual Cumulative Annual Cumulative
Tenor 22 Months 22 Months 37 Months 37 Months 60 Months 60 Months
Coupon (% per annum) for NCD Holders in all Categories of Investors 8.25% NA 8.30% NA 8.40% NA
Effective Yield (% per annum) for NCD Holders in all Categories of Investors 8.26% 8.25% 8.30% 8.30% 8.39% 8.40%
Redemption Amount (Rs. / NCD) on Maturity for NCD Holders in all Categories of Investors Rs.1,000 Rs.1156.64 Rs.1,000 Rs.1279.15 Rs.1,000 Rs.1497.40
*Company shall allocate and allot Series III NCDs wherein the Applicants have not indicated the choice of the relevant NCD Series.
Prospectus File

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