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* Base Issue oversubscribed by 5. 11 times with a total collection of Rs 2556.36 Crore

* Retail category oversubscribed by 1.93 times (of the total issue size of Rs 500 crore) with a collection of Rs 288.90 Crore

* A.K.Capital Services Limited is the sole lead manager to the issue

* Issue opened on Tuesday, April 25, 2023 and closes Thursday, April 27, it was to close on Tuesday, May 9, 2023 with an option of early closure

Cholamandalam Investment and Finance Company Limited (CIFCL), a leading financial services provider in India, its maiden public issue of secured, rated, listed redeemable non-convertible debentures (NCDs) has been oversubscribed 5.11 times on the second day of the issue which garnered Rs 2556.36 crore.

Issue opened on Tuesday, April 25, 2023 and closes Thursday, April 27, it was to close on Tuesday, May 9, 2023 with an option of early closure.

The issue has a face value of Rs. 1,000 each. The base issue size is Rs. 500 crore with an option to retain oversubscription up to Rs. 500 crore, aggregating up to Rs. 1000 crore, within the Shelf limit of Rs. 5000 crore (“Tranche I Issue”).

* According to the base issue size, the NCDs was subscribed 1.93 times in the Retail Investor Category, 7.10 times in the Institutional Investor Category, 10.45 times in the Non-Institutional Investors Category, and 2.01 times in the HNI Investors Category. The Issue opened on Tuesday, April 25, 2023 and closes Thursday, April 27, it was to close on Tuesday, May 9, 2023 with an option of early closure.

The issue has seen healthy demand in the Non-Institutional Category of investors with a total collection of Rs 1306 Crore, while Institutional Category collected Rs 710 crore, HNI and Retail Investors category garnered Rs 251 crore, Rs 289 crore respectively.

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