Kosamattam Finance Ltd is a Kerala Based NBFC engaged in gold loan finance business. They lends money against the pledge of household Jewellery in the state of Kerala, Tamilnadu, Karnataka, Andhra Pradesh, Delhi and in the Union Territory of Puducherry. They also offers fee based ancillary services which include money transfer services, foreign currency exchange and air ticketing services.
Kosamattam finance has numerous branches spread across the rural and semi urban localities in the country. Their customers involve people from various strata of life including small business men, entrepreneurs, farmers, retailers and the common man who find it difficult to access credit facilities from banks and other financial institutions due to the hectic procedures involved. They provide Business and Personal Loans secured against Ornaments and Gold.
Company Promoters:The promoters of the company are:
1. Mr. Mathew K. Cherian
2. Ms. Laila Mathew and
3. Ms. Jilu Saju Varghese
Objects of the Issue:The object of the issue are to:
1. For the purpose of onward lending and for repayment of interest and principal of existing loans;
2. General Corporate Purposes.
»» Issue Open: Mar 29, 2017 - Apr 27, 2017
»» Issue Type: Fixed Price Issue NCD
»» Issue Size: 2,500,000 NCD's of Rs. 1000
»» Issue Size: Rs. 250.00 Crore
»» Face Value: Rs. 1000 Per NCD
»» Issue Price: Rs. 1000 Per NCD
»» Market Lot: 10 NCD
»» Minimum Order Quantity: 10 NCD
»» Listing At: BSE
These bonds are graded as IND BBB- (triple B minus) by India Rating and Research Pvt Ltd. The rating indicates that instruments with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such instruments carry moderate credit risk.
NCDs have tenure of 400 days, 18 months, 36 months, 52 months, 60 months and 86 months. Its coupon rates ranging from 9 per cent to 10 per cent depending on the tenure and the option.
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