Chemmanur Credits NCD
Rates, tenures, credit rating and current status of the non-convertible debentures (NCDs) issued by Chemmanur Credits and Investments Limited, updated at each new issue.
Chemmanur Credits NCD issues on our tracker
| Issue | Dates | Yield (p.a.) | Tenure | Rating | Security | Issue size | Minimum |
|---|---|---|---|---|---|---|---|
| Chemmanur Credits and Investments LtdPublic issueSEBI filing: prospectus ↗ | 4–17 Aug 2026 | 9.25–12.68% | 400 days – 6 yrs | IND BBB/Stable | Secured | ₹75 cr + ₹75 cr green shoe | ₹10,000 |
| Chemmanur Credits and Investments LtdPublic issueSEBI filing: prospectus ↗An addendum disclosed that ICRA had rated this issue BB+/Stable and the company did not accept that rating. The issue dates did not change. | 2–16 Mar 2026 | 9.25–12.68% | 400 days – 72 mo | IND BBB-/Stable | Secured | ₹50 cr + ₹50 cr green shoe | ₹10,000 |
From each issue’s prospectus on SEBI. Open and closed are worked out from the dates. All upcoming NCD issues
Chemmanur Credits and Investments Limited (CCIL) is a gold loan NBFC (non-deposit-taking, base layer) with its registered office in Thrissur, Kerala. It was incorporated in 2008 and is part of the Boby Chemmanur Group; its promoter, chairman and managing director is Chemmanur Devassykutty Boby, known as Boby Chemmanur. Besides gold loans it offers microfinance loans to women's joint-liability groups, business and personal loans, money transfer and insurance distribution, through 302 branches in Kerala, Tamil Nadu, Karnataka, Maharashtra, Andhra Pradesh and Telangana as of 30 June 2026.
It is a small lender: total assets were ₹865 crore at 31 March 2026, and profit after tax was ₹20.1 crore for that year, up from ₹2.5 crore in FY2025. Gross NPAs were 0.93% of assets under management, down from 1.65% a year earlier. These figures are from its July 2026 prospectus. Chemmanur has run two public NCD issues in 2026 (March and August), both listed on the BSE.
Credit rating: IND BBB/Stable from India Ratings on the August 2026 NCDs (letter and rationale dated 26 Jun 2026). The March 2026 issue was rated IND BBB-/Stable, and an addendum to that prospectus disclosed that ICRA had rated it BB+/Stable, a rating the company did not accept. Check the current rating on indiaratings.co.in before investing.
Latest issue - August 2026: key terms
| Parameter | Detail |
|---|---|
| Issue | Public issue of secured NCDs; prospectus filed with SEBI on 23 Jul 2026 |
| Dates | Opened 4 Aug 2026; scheduled to close 17 Aug 2026 |
| Type | Secured, redeemable, non-convertible debentures: a first-ranking pari passu charge, shared with existing secured creditors, on movable assets including book debts, receivables, loans and advances, and cash and bank balances (excluding assets charged exclusively to its banks), with security cover of one time principal and interest |
| Face value | ₹1,000 per NCD |
| Minimum application | 10 NCDs (₹10,000) |
| Issue size | ₹75 cr base + ₹75 cr oversubscription = up to ₹150 cr |
| Coupon range | 10.25% - 12.00% p.a. (monthly series) |
| Effective yield | 9.25% - 12.68% p.a. |
| Tenures | 400 days; 18 / 24 / 36 / 61 / 72 months |
| Put and call options | None |
| Credit rating | IND BBB/Stable (India Ratings) |
| Listing | BSE |
| Lead manager | Vivro Financial Services Pvt Ltd |
| Registrar | KFin Technologies Ltd |
| Debenture trustee | MITCON Credentia Trusteeship Services Ltd |
From the prospectus filed with SEBI on 23 Jul 2026. Its addendum (13 Aug 2026) added the reviewed results for the quarter to 30 Jun 2026 and left the issue terms unchanged.
August 2026 issue - series-wise coupon & effective yield
| Series | Interest payment | Tenure | Coupon (% p.a.) | Effective yield (% p.a.) |
|---|---|---|---|---|
| I | Monthly | 18 months | 10.25% | 10.75% |
| II | Monthly | 24 months | 10.80% | 11.35% |
| III | Monthly | 36 months | 11.25% | 11.85% |
| IV | Monthly | 61 months | 12.00% | 12.68% |
| V | Cumulative | 400 days | - | 9.25% |
| VI | Cumulative | 24 months | - | 11.00% |
| VII | Cumulative | 72 months | - | 12.25% |
Same rates for every investor category. Cumulative series pay no interest until maturity and then redeem at a fixed amount. These are the issue rates, not the yield on the exchange today.
How to apply or buy
- During a live public issue: apply online through your stockbroker or bank using ASBA or UPI. Brokers list open NCD issues under their IPO or bonds section; pick a series, enter at least 10 NCDs (₹10,000) and approve the mandate. Retail applications are allotted first come, first served, so an issue can close before its scheduled date.
- Between issues: NCDs from past issues are listed on the BSE and can be bought through a demat and trading account with access to the debt segment. Search by ISIN and place a limit order: trading is often thin, so the price and yield can differ from the issue terms.
- Interest and the maturity amount are paid to the bank account linked to your demat account. The interest is taxable income, and TDS may be deducted from it; the guide on how bonds are taxed, linked below, explains the rules.
- To check allotment for a past issue, use the registrar, KFin Technologies, or the BSE website, with your PAN or application number.
The risk
IND BBB/Stable is one notch above the lowest investment-grade rating, and the March 2026 issue was rated a notch lower still; ICRA's BB+ on that issue, which the company did not accept, is below investment grade. Yields of up to 12.68% reflect that risk. These are a company's debentures, not bank deposits, so there is no DICGC deposit insurance and repayment depends on Chemmanur Credits' finances. The company is small (₹865 crore of total assets) and its profit rose from ₹2.5 crore to ₹20.1 crore in a year, so earnings have little history at this level. The security is a charge shared pari passu with existing secured creditors, excluding assets charged exclusively to its banks. Keep any position small, spread money across issuers, and do not treat the coupon as guaranteed.
Sources
- SEBI - Chemmanur Credits and Investments Ltd, prospectus (issue opening 2026-08): https://www.sebi.gov.in/filings/debt-offer-document/jul-2026/chemmanur-credits-and-investments-limited-prospectus_103337.html
- SEBI - Chemmanur Credits and Investments Ltd, addendum (issue opening 2026-08): https://www.sebi.gov.in/filings/debt-offer-document/aug-2026/chemmanur-credits-and-investments-limited-addendum-to-prospectus_103708.html
- SEBI - Chemmanur Credits and Investments Ltd, prospectus (issue opening 2026-03): https://www.sebi.gov.in/filings/debt-offer-document/feb-2026/chemmanur-credits-and-investments-limited-prospectus_100061.html
- SEBI - Chemmanur Credits and Investments Ltd, addendum (issue opening 2026-03): https://www.sebi.gov.in/filings/debt-offer-document/mar-2026/chemmanur-credits-and-investments-limited-addendum-to-prospectus_100444.html
NCDs are debt of a company and carry credit risk — you can lose money if the issuer defaults. This page is information, not investment advice; verify the current issue terms and credit rating before applying. Facts last verified October 2026.
All upcoming NCD issuesFrequently asked
What people ask about Chemmanur Credits NCDs.
In the August 2026 issue, monthly series paid coupons of 10.25% to 12.00% a year and effective yields across all series ran from 9.25% to 12.68%, over tenures from 400 days to 72 months. The 61-month monthly series had the highest effective yield. The March 2026 issue offered the same 9.25%-12.68% range. Each new issue sets its own rates.
It carries high credit risk. The August 2026 NCDs are rated IND BBB/Stable, near the bottom of investment grade, which is why the yields run above 12%. They are secured by a charge shared with other lenders, they are not bank deposits, and there is no DICGC insurance. The company is a small gold loan and microfinance lender.
An addendum to the March 2026 prospectus disclosed that ICRA had rated that issue BB+/Stable and that the company did not accept the rating. BB+ is below investment grade. The issue went ahead with India Ratings' IND BBB-/Stable. The August 2026 issue was rated IND BBB/Stable, and its prospectus names India Ratings as the rating agency.
While an issue is open, apply through your broker or bank using ASBA or UPI: choose a series, enter at least 10 NCDs (₹10,000) and approve the mandate. Between issues you can buy listed Chemmanur NCDs on the BSE through a demat account, checking the price and yield first, as trading can be thin.
Chemmanur Credits ran two public NCD issues in 2026, opening in March and August. No next date has been announced as of 19 Oct 2026. A new issue needs a prospectus filed with SEBI a few days before it opens, and our NCD tracker lists it once it is filed.