CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED

Issue Size (Net)

upto to Rs. 1500 Crs

Credit Ratings

AA+/Stable” by India Rating & Research Pvt Ltd and ICRA Ltd

Issue Opening Date

JULY 28, 2023

Issue Closing Date

AUGUST 10, 2023

ROI Chart Term Sheet Company Highlights Financials Highlights Prospectus

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. 1000	Rs.1156.64	Rs. 1,000	Rs.1279.15	Rs. 1,000	Rs 1497.40
Put/Call Option	NA

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: ccl.ncdipo@kfintech.com

Website: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	44089.73	5479.66	918.3
31-Mar-19	57490.12	7108.83	1196.94
31-Mar-20	64058.38	8712.63	1053.72
31-Mar-21	74644.16	9639.72	1521.39
31-Mar-22	82478.68	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	Friday, 28 July,2023
Issue Closes on	Thursday, 10 August ,2023
Issue Size	Rs. 500 Crs with an option to retain oversubscription up to Rs. 1000 Crs aggregating upto to Rs. 1500 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 - Institutionall	II - Non-Institutional	III - HNI	IV - Retail
Category Allocation	30%	25%	25%	20%
Put/Call Option	N.A.
Mode of Allotment	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

Prospectus File

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