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Kosamattam Finance Ltd NCD (Kosamattam Finance NCD) Detail

Aug 23, 2018 - Sep 14, 2018

Kosamattam Finance Ltd is a Kerala Based non-deposit taking NBFC engaged in the gold loan finance business. It is a part of Kosamattam Group. The company provides its services in Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Delhi, Maharashtra, Gujarat and Telangana along with the Union Territory of Puducherry. In addition to Gold Loans, it also offers fee-based ancillary services like microfinance, money transfer services, foreign currency exchange, power generation, agriculture and air ticketing services.

Kosamattam Finance is headquartered in Kerala and has a vast network of 923 branches and employs 3,214 persons in its business operations.

The Gold Loan portfolio of the company for the financial years ending in 2018, 2017, and 2016 comprised of Rs. 2,05,050.99 lakhs, Rs. 1,73,040.27 lakhs and Rs. 1,31,224.42 lakhs, respectively, constituting 91.56%, 90.03% and 89.12% of the total loans portfolio of the company.

The total income of the company was 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 financial years ended in 2018, 2017, 2016, 2015 and 2014 respectively. The profit after tax for the financial years ended in 2018, 2017, 2016, 2015 and 2014 was Rs 3,081.61 lakhs, Rs 1,568.28 lakhs, Rs 1,122.88 lakhs, Rs 528.15 lakhs and Rs 2,644.64 lakhs, respectively.

Kosamattam Finance NCD Offer Review - August 2018

Kosamattam Finance NCD Detail

Issue OpenAug 23, 2018 - Sep 14, 2018
Security NameKosamattam Finance Ltd
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs) and/or Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs)
Issue Size (Base)Rs 250.00 Crores
Issue Size (Shelf)Rs [.] Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot10 NCD
Listing AtBSE
Credit Rating
Tenor
Series
Payment Frequency
Basis of Allotment

NCD Allocation Ratio

Institutional Portion
Non-Institutional Portion
High Net Worth Individual Investors Portion
Retail Individual Investors Portion

Company Promoters

The promoters of the company are:

1. Mr. Mathew K. Cherian
2. Ms. Laila Mathew and
3. Ms. Jilu Saju Varghese

Objects of the Issue:

The object of the issue is-

1. Raise Funds for the purpose of onward lending and for repayment of interest and principal of existing loans;
2. General Corporate Purposes

Ratings

These NCD issue is graded "IND BBB-" by India Rating & Research Pvt Ltd(indicating that instruments with this rating are considered to have a moderate degree of safety regarding timely servicing of financial obligations. Such instruments carry moderate credit risk.

Offerings

The company offers coupon rates ranging from 9.75% to 10.25% depending on the tenures and the mode of interest payments which is either Monthly or Yearly cumulative as per the choice of investors.

Kosamattam Finance NCD Prospectus

Kosamattam Finance NCD Rating

16
2.9
Rating:Rated 2.9 stars

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Kosamattam Finance NCD Reviews / Ratings

Company Contact Information

Kosamattam Finance Ltd
Kosamattam Mathew K Cherian Bld,
Market Junction,
M.L.Road, Kottayam, Kerala

Phone: +91 481 258 6400
Email: cs@kosamattam.com
Website: http://www.kosamattam.com

Kosamattam Finance NCD Registrar

Karvy Computershare Private Limited   »  Report
   Karvy Registry House, 8-2-596, St. No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Email: einward.ris@karvy.com
Website: https://karisma.karvy.com/

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Kosamattam Finance NCD Review / Comments

avatar
5. Navkant  Sep 17, 2018 16:19 Reply
Issue closed on 14Sep after crossing 2X subscription.
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4. Navkant  Aug 30, 2018 03:01 Reply
68% subscription till now
avatar
4.1. Navkant  Sep 7, 2018 12:45
150% as on 7Sep.
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3. Kashish Sarvaiya  Sep 6, 2018 10:33 Reply
Hi,
I have not applied in NCD before can someone please explain what is NCD and how does it work?
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3.1. Navkant  Sep 7, 2018 12:44
It's like Bank FD but a bit more risky. You apply like any IPO and you hold the NCDs in your account like shares. They can be traded but volumes are miniscule. As long as you hold them, you get the interest for those instruments. In this case, assured 10% returns.
avatar
2. GIRISHKUMAR JAMIYATRAM PANDYA  Aug 25, 2018 13:23 Reply
WHAT'S CO'S BUSINEES ?
hOW MUCH OLD IN MARKET ?
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2.1. Navkant  Aug 30, 2018 19:37
150 year old. Into Gold loans, Forex etc.
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1. gundu anna  Aug 30, 2018 18:29 Reply
This NCD is very risk. Small investors AVOID



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