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

Sep 16, 2020 - Oct 13, 2020

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 OpenSep 16, 2020 - Oct 13, 2020
Security NameKosamattam Finance Ltd
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base)Rs 150.00 Crores
Issue Size (Shelf)Rs 150.00 Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot1 NCD
Listing AtBSE
Credit RatingIND BBB/ Stable
Tenor400 days/30 Mon/39 Mon/42 Mon/50 Mon/84 Months
Series

Series I to Series VIII

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)150,000
Category 2 (NII)150,000
Category 3 (HNI)450,000
Category 4 (RII)750,000
Total NCD's1,500,000

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 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 ₹1,093.50 ₹1,000 ₹1,250 ₹1,000 ₹1,390 ₹1,500 ₹1,000 ₹2,000

NCD Rating Detail

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 (₹ 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 Rating

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Rating:Rated 3.5 stars

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Kosamattam Fin NCD Sep 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 Sep 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: kosamattam.ncdipo20@kfintech.com
Website: https://karisma.kfintech.com/

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