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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
| 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 | Series I to Series VIII |
| Payment Frequency | Monthly and Cumulative |
| Basis of Allotment | First Come First Serve Basis |
Category  |
NCD's Allocated |
|---|---|
| Category 1 | 0% |
| Category 2 | 0% |
| Category 3 | 0% |
| 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 |
| � | 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 |
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.
Mathew K. Cherian, Laila Mathew and Jilu Saju Varghese are the promoters of the company.
| 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 | |
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.
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 4 | 3.82x |
| Category 3 | 1.02x |
| Category 2 (NII) | 0.05x |
| Category 1 (QIB) | 0.00x |
| Total | 2.22x |
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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/
Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Phone: 04067162222, 04079611000
Email: kosamattam.ncdipo20@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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