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

March 19, 2020 - May 22, 2020
Kosamattam Finance Ltd Logo

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 valid till 29th Feb 2020. 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
It has generated total income of Rs 43,060.86 lakhs, Rs 35,225.23 lakhs, Rs 34,569.97 lakhs, Rs 25,754.43 lakhs and Rs 26,186.8 lakhs for the FY 2018, 2017, 2016, 2015 and 2014, respectively.

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 March 2020 Detail

Issue Open March 19, 2020 - May 22, 2020
Security Name Kosamattam Finance Ltd
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) and/or Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs)
Issue Size (Base) Rs 150.00 Crores
Issue Size (Shelf) Rs 300.00 Crores
Issue Price Rs 1000 per NCD
Face Value Rs 1000 each NCD
Minimum Lot size 10 NCD
Market Lot 1 NCD
Listing At BSE
Credit Rating IND BBB/ Stable
Tenor 15 Mon/21 Mon/39 Mon/48 Mon/66 Mon/84 Months

Series I to Series VIII

Payment Frequency Monthly and Cumulative
Basis of Allotment First Come First Serve Basis

NCD Allocation Ratio

Category ? NCD's Allocated
Category 1 0%
Category 2 0%
Category 3 0%

NCD's Offered by Category

Category ? NCD's Reserved
Category 1 150,000
Category 2 150,000
Category 3 450,000
Category 4 750,000
Total NCD's 1,500,000

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 Monthly Cumulative Cumulative Cumulative Monthly Cumulative
Tenor 15 Months 21 Months 39 Months 39 Months 48 Months 66 Months 84 Months 84 Months
Coupon Rate (Retail) NA 9.75% 10% NA NA NA 10.25% NA
Amount on Maturity Rs 1,120 Rs 1,000 Rs 1,000 Rs 1,385 Rs 1,500 Rs 1,750 Rs 1,000 Rs 2,000

NCD Rating

The NCDs proposed to be issued under this Issue have been rated 'IND BBB' Outlook Stable, by India Ratings and Research Private Limited ("India Ratings") for an amount up to Rs 35,000 lakhs vide its letter dated September 30, 2019. The rating of NCDs by India Ratings 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.

Company Promoters

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

Objects of the Issue

The objects of the issue are:

1. For the purpose of onward lending;
2. Repayment of interest and principal of existing loans; and
3. General Corporate Purposes;

Kosamattam Fin NCD March 2020 Extended

Kosamattam Fin NCD issue close date is extended to 5th May 2020 from 15th April 2020

Kosamattam Fin NCD March 2020 Prospectus

Kosamattam Fin NCD March 2020 Subscription Status

The Kosamattam Fin NCD March 2020 was subscribed 2.11 times on May 22, 2020 5:00:00 PM. The NCD subscribed .

Category ?Subscription (times)
Category 43.69x
Category 30.87x
Category 2 (NII)0.05x
Category 1 (QIB)0.00x

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Kosamattam Fin NCD March 2020 Rating

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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

Kosamattam Fin NCD March 2020 Registrar

Kfin Technologies Limited
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India - 500 032.

Phone: 04067162222, 04079611000

Kosamattam Fin NCD March 2020 Lead Manager(s)

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