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Kosamattam Finance Ltd NCD (Kosamattam Finance NCD) Detail

Mar 29, 2017 - Apr 27, 2017

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 Detail:

  »»  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.

Useful Links

Company Contact Information

Kosamattam Finance Ltd
Kosamattam Mathew K Cherian Bld,
Market Junction,
M.L.Road, Kottayam, Kerala
Phone: +91 481 258 6400
Fax: +91 481-258 6500

Kosamattam Finance NCD Rating

Rating:Rated 3.1 stars

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Kosamattam Finance NCD Registrar

Karvy Computershare Private Limited
   Karvy House, 46, Avenue 4, Street No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968

Kosamattam Finance NCD Lead Manager(s)

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Kosamattam Finance NCD Comments

3. suresh  Apr 2, 2017 4:36:00 PM IST Reply
It looks like this company is a fraudulent one. When Muthoot from the same state is making close to 2000 crore net profit this company makes a paltry 10 cr. Another couple of hundred rupees fall in Gold prices this company could fall into a trap. I would not touch such bogus company
2. UnderRighter  Mar 31, 2017 12:39:19 AM IST Reply
Stay away from such issues. Don''t junk your hard earned money. Put your money in RBI bonds that offer 8% interest for 6 years(1% less interest than this issue, but then you will get sleep..:-).....)
1. rajakong  Mar 29, 2017 8:16:04 AM IST Reply
Chances of losing money very high.Put your money in dividend option of any good mutual fund and get income of more than 9% tax free yearly.Many mutual funds has given uninterrupted dividend for last ten years in spite of market crash.
4.1. Deepak  Mar 29, 2017 9:06:51 PM IST
Please share the best schemes you know. Thanks
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