| The principal amount of the NCDs to be issued in terms of the Prospectus together with all interest due on the NCDs, as well as all costs, charges, all fees, remuneration of Debenture Trustee and expenses payable in respect thereof shall be secured by way of first ranking pari passu charge with existing secured creditors, on all movable assets, including book debts and receivables, cash and bank balances, loans and advances both present and future of the Company (excluding (a) reserves created in accordance with law; (b) receivables of the Company, fixed deposits, cash collateral, immovable and movable assets over which exclusive charge is created in favour of State bank of India, Canara Bank, Dhanlaxmi Bank or any other lender), such that a security cover to the extent of 1 (one) time of the outstanding principal amounts of the NCDs and all interest due and payable thereon is maintained at all times until the redemption of NCDs. The securities so created pursuant to the security documents shall be registered with Sub-registrar, Registrar of Companies, Central Registry of Securitization Asset Reconstruction and Security Interest (CERSAI), Depository or any other institution, as applicable, within 30 days of creation of charge. The tentative date of creation of the security for the NCDs shall be finalised upon execution of the Debenture Trust Deed. |
| Issue Details |
| Issue Open |
14-Dec-2022-06-Jan-2023 |
| Security Name |
Chemmanur Credits and Investments Limited |
| Security Type |
Secured Redeemable Non-Convertible Debentures |
| Issue Size (Base)( .Cr) |
50 |
| Over subscription |
An Option To Retain Oversubscription Up To Rs. 50 Crores Aggregating To Rs. 100 Crores. |
| Issue Price ( ) |
1000 |
| Face Value ( ) |
1000 |
| Market Lot |
1 |
| Credit Rating |
"CRISIL BBB-/Stable" by CRISIL. |
| Tenor |
12 Months,18 Months,24 months,36 months,60 months,74 Months |
| Series |
Series1,Series2,Series3,Series4,Series5,Series6,Series7,Series8 |
| Payment Frequency |
Monthly,At the End |
| Objects of the Issue: |
| PUBLIC ISSUE BY OUR COMPANY OF SECURED, REDEEMABLE, NON-CONVERTIBLE DEBENTURES OF FACE VALUE OF Rs. 1,000 EACH, ("NCDS") AT PAR, AMOUNTING UP TO Rs. 50 Crore, HEREINAFTER REFERRED TO AS THE "BASE ISSUE" WITH AN OPTION TO RETAIN OVER-SUBSCRIPTION UP TO Rs. 50 Crore AGGREGATING UP TO Rs. 100 Crore, HEREINAFTER REFERRED TO AS THE "OVERALL ISSUE SIZE". |
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| Company Promoters |
| Chemmanur Devassykutty Boby |
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| Lead Managers |
| 1. Vivro Financial Services Pvt Ltd |
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| Registrar to the Issue |
| 1. KFIN Technologies Ltd |
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