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Kosamattam Finance Limited NCD (Kosamattam Finance NCD April 2023) Detail

April 11, 2023 - April 25, 2023
Kosamattam Finance Limited Logo

Kosamattam Finance Ltd is a non-deposit-taking NBFC that is primarily engaged in the business of Gold Loan, lending money against pledges of household Jewellery in Kerala, Karnataka, Tamil Nadu, Andhra Pradesh, Maharashtra, Delhi, Gujarat, and Telangana along with Union Territory of Puducherry.

In addition to the gold loan, it also offers fee-based ancillary services such as microfinance, money transfer services, power generation, foreign currency exchange, agriculture, and air ticketing services. As of October 31, 2022, it has a network of 997 branches with a significant market presence in Southern India.

Competitive strengths

The company belongs to the Kosamattam, Group led by Mathew K. Cherian. The company is headquartered in Kottayam in the state of Kerala.
  • Part of Kosamattam Group, one of the leading financial service groups in South India.
  • Branch network in rural and semi-urban areas in South India.
  • Organized and efficient IT infrastructure.
  • Experienced management team and skilled personnel.

Kosamattam Finance NCD April 2023 Detail

Issue Open April 11, 2023 - April 25, 2023
Security Name Kosamattam Finance Limited
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured 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 A-/Stable by India Ratings
Tenor 15, 24, 30, 36, 39, 48, 54, and 88 months

Series I to VIII

Payment Frequency Monthly and Cumulative
Basis of Allotment First Come First Serve Basis
Debenture Trustee/sVistra Itcl India Limited

NCD Allocation Ratio

Category ? NCD's Allocated
Institutional 10%
Non-Institutional 10%
HNI 30%
Retail 50%

NCD's Offered by Category

Category ? NCD's Reserved
Institutional 150,000
Non-Institutional 150,000
HNI 450,000
Retail 750,000
Total NCD's 1,500,000

Kosamattam Finance Limited NCD Coupon Rates

#Series 1Series 2Series 3Series 4Series 5Series 6Series 7Series 8
Frequency of Interest PaymentCumulativeMonthlyCumulativeMonthlyCumulativeMonthlyCumulativeCumulative
Tenor15 Months24 Months30 Months36 Months39 Months48 Months54 Months88 Months
Coupon (% per Annum)NA8.75%NA9.00%NA9.50%NANA
Effective Yield (% per Annum)8.50%9.11%8.85%9.38%9.25%9.92%9.43%9.91%
Amount on Maturity (In Rs.)Rs 1,107.40Rs 1,000.00Rs 1,236.00Rs 1,000.00Rs 1,333.00Rs 1,000.00Rs 1,500.00Rs 2,000.00

NCD Rating

The NCDs proposed to be issued under this Issue have been rated 'IND A-/Stable', by India Ratings & Research Private Limited.

Company Promoters

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

Company Financials

Kosamattam Finance Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet Worth
Amount in ₹ Crore

Objects of the Issue

The company proposes to utilize the funds towards funding the following objects:

  1. For the purpose of onward lending;
  2. For repayment of interest and principal of existing debts of our Company;
  3. For general corporate purposes;

Kosamattam Finance NCD April 2023 Prospectus

Kosamattam Finance NCD April 2023 Subscription Status

The Kosamattam Finance NCD April 2023 was subscribed 1.09 times on April 25, 2023 1:00:00 AM. The NCD subscribed 0.00 times in Retail, 3.62 times in HNI, 0.00 times in Non-Institutional, and 0.00 times in the Institutional category.

Category ?Subscription (times)

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Company Contact Information

Kosamattam Finance Limited
Kosamattam City Centre,
Floor Number 4th & 5th,
T.B Road, Kottayam - 686001, Kerala

Phone: +91 481 258 6400

Kosamattam Finance NCD April 2023 Registrar

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

Phone: 04067162222, 04079611000

Kosamattam Finance NCD April 2023 Lead Manager(s)

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