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

September 16, 2020 - October 8, 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. 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 Sep 2020 Detail

Issue Open September 16, 2020 - October 8, 2020
Security Name Kosamattam Finance Ltd
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 150.00 Crores
Issue Size (Shelf) Rs 150.00 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 400 days/30 Mon/39 Mon/42 Mon/50 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 Cumulative Monthly Cumulative Cumulative Monthly Cumulative
Tenor 400 Days 30 Months 30 Months 39 Months 42 Months 50 Months 84 Months 84 Months
Coupon Rate (Retail) NA 9.50% NA 10% NA NA 10.25% NA
Effective Yield (Per year) 8.50% 9.92% 9.34% 10.47% 9.87% 10.22% 10.75% 10.41%
Amount on Maturity Rs 1,093.50 Rs 1,000 Rs 1,250 Rs 1,000 Rs 1,390 Rs 1,500 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 30,000 lakhs vide its letter dated August 28, 2020. 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.

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. Repayment of interest and principal of existing loans; and
3. General Corporate Purposes.

Kosamattam Fin NCD Sep 2020 Prospectus

Kosamattam Fin NCD Sep 2020 Subscription Status

The Kosamattam Fin NCD Sep 2020 was subscribed 2.22 times on October 8, 2020 5:00:00 PM. The NCD subscribed .

Category ?Subscription (times)
Category 43.82x
Category 31.02x
Category 2 (NII)0.05x
Category 1 (QIB)0.00x

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Kosamattam Fin NCD Sep 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 Sep 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 Sep 2020 Lead Manager(s)

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