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.
|Issue Open||Aug 23, 2018 - Sep 14, 2018|
|Security Name||Kosamattam Finance Ltd|
|Security Type||Secured, 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 Price||Rs 1000 per NCD|
|Face Value||Rs 1000 each NCD|
|Minimum Lot size||10 NCD|
|Market Lot||10 NCD|
|Basis of Allotment|
|High Net Worth Individual Investors Portion|
|Retail Individual Investors Portion|
The promoters of the company are:
1. Mr. Mathew K. Cherian
2. Ms. Laila Mathew and
3. Ms. Jilu Saju Varghese
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
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.
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.
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