Kosamattam Finance Ltd NCD (Kosamattam Fin NCD December 2020) Detail

Dec 23, 2020 - Jan 19, 2021

Incorporated in 1987, Kerala based Kosamattam Finance Limited is a non-deposit taking NBFC and works as a gold loan provider against the household gold jewellery across some states in India. The company has a reach in Union Territory of Puducherry, Maharashtra, Delhi, Andhra Pradesh, Karnataka, Telangana, Gujarat, Tamil Nadu, and Kerala.

Kosamattam Finance Limited is registered with RBI as an NBFC and also has a Full-Fledged Money Changers (FFMC) license. The company also holds a certificate of registration to work as a Depository Participant and Corporate Agent.

Offered Services
The gold loan is the primary business of the company. The company also provides other miscellaneous services such as air ticketing, agriculture, power generation, foreign currency exchange, money transfer, and microfinance services.

Total Income
For the last two financial years, KFL has posted a total income of Rs. 475.54 cr. / Rs. 43.15 cr. (FY19) and Rs. 498.49 cr. / Rs. 47.63 cr. (FY20).

The company strengths:
1. Strong customer base
2. Good network across some Indian states
3. Efficient IT Infrastructure in branches
4. An effective risk management system

Kosamattam Fin NCD December 2020 Detail

Issue OpenDec 23, 2020 - Jan 19, 2021
Security NameKosamattam Finance Ltd
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs) and/or Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs)
Issue Size (Base)Rs 175.00 Crores
Issue Size (Shelf)Rs 175.00 Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot1 NCD
Listing AtBSE
Credit RatingBWR BBB+/Stable
Tenor400 Days and 30/39/48/66/84 Months
Payment FrequencyMonthly and Cumulative
Basis of AllotmentFirst Come First Serve Basis

NCD Allocation Ratio

NCD's allocated in each investor category:

Category ?NCD's Allocated
Category 1 (QIB)0%
Category 2 (NII)0%
Category 3 (HNI)0%
Category 4 (RII)0%

NCD's Offered

NCD's offered in each investor category:

Category ?NCD's Reserved
Category 1 (QIB)175,000
Category 2 (NII)175,000
Category 3 (HNI)525,000
Category 4 (RII)875,000
Total NCD's1,750,000

Coupon Rates

Coupon Rates for Eash Series

  Series 1 Series 2 Series 3 Series 4 Series 5 Series 6 Series 7 Series 8
Frequency of Interest Payment Cumulative Monthly Cumulative Monthly Cumulative Cumulative Monthly Cumulative
Tenor 400 Days 30 Months 30 Months 39 Months 48 Months 66 Months 84 Months 84 Months
Coupon Rate (Retail) NA 9.25% NA 10% NA NA 10.25% NA
Effective Yield (Per year) 8.50% 9.65% 9.34% 10.47% 10.67% 10.71% 10.75% 10.41%
Amount on Maturity ?1,093.50 ?1,000 ?1,250 ?1,000 ?1,500 ?1,750 ?1,000 ?2,000

Company Promoters

Mathew K. Cherian, Laila Mathew and Jilu Saju Varghese are the promoters of the company.

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (Rs in lakhs)
31-Mar-20 31-Mar-19
Total Assets 3,31,795.52 2,97,204.24
Total Revenue 49,849.12 47,554.47
Profit After Tax 4,763.01 4,314.63

Objects of the Issue:

The objects of the issue are:
1. For the purpose of onward lending;
2. For repayment of interest and principal of existing debts of the Company; and
3. For general corporate purposes.

Kosamattam Fin NCD December 2020 Prospectus

Kosamattam Fin NCD December 2020 Rating

Rating:Rated 3.5 stars

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Kosamattam Fin NCD December 2020 Reviews

Company Contact Information

Kosamattam Finance Ltd
Kosamattam Mathew K,
Cherian Building, M. L. Road,
Market Junction, Kottayam - 686 001, Kerala, India

Phone: +91 481 258 6400
Email: cs@kosamattam.com
Website: http://www.kosamattam.com/

Kosamattam Fin NCD December 2020 Registrar

KFintech Private Limited
   Selenium Building, Tower-B, Plot No 31 & 32,
   Financial District,Nanakramguda, Serilingampally,
   Rangareddi, Telangana India - 500 032.

Phone: 1-800-3454001
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/

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Dilip Davda
1. Dilip Davda  Dec 23, 2020 11:01 I Like It. 1 | Report Abuse Reply 0
The company has not earmarked any allocation for any category of this NCD issue. This is something strange. Please note.

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