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.
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
»» Issue Open: Aug 23, 2018 - Sep 14, 2018
»» Issue Type: Fixed Price Issue NCD
»» Issue Size: NCD's of Rs. 1000
»» Issue Size: Rs. 250.00 Crore
»» Face Value: Rs. 1000 Per NCD
»» Issue Price: Rs. 1000 Per NCD
»» Market Lot: 10 NCD
»» Minimum Order Quantity: 10 NCD
»» Listing At: BSE
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.
Vote Here ...
Karvy Computershare Private Limited
Karvy Registry House, 8-2-596, St. No. 1,
Banjara Hills, Hyderabad - 500 034
Andhra Pradesh, India
We provide detail comparison of stock / commodities brokers. We helped over 75,000 traders/investors to save 60% or more brokerage in last 3 years. Here is the list of popular brokers to help investors like you to find the best broker.
We can help you choosing the right broker. Contact us today...
Current IPOIPO Dashboard Current Mainline IPOs Current SME IPOs IPO Calendar Performance Tracker IPO Allotment Status
Stock Broker ComparisonCompare Share Brokers Side-by-Side Comparison List of Stock Brokers Broker Complaints Monitor Articles / Tutorials Glossary
Discount BrokersZerodha (Flat Rs 20) ProStocks (Rs 15 per trade) Upstox RKSV (Flat Rs 20) 5paisa Trade Smart Online More Discount Brokers >>
Full Service BrokersICICI Direct Sharekhan HDFC Securities Ventura Securities Kotak Securities More Full-Service Brokers >>
More About BrokersSpecial Offers Broker Reports Top 10 Discount Brokers Top 10 Full-Service Brokers Top 20 Share Brokers
History of ChittorgarhHistory of Chittorgarh Maharana Pratap Meera Bai Panna Dhai Rani Padmini Jainism & Chittor (Hindi)
Tourism at ChittorgarhFort of Chittorgarh Photo Gallery Around Chittorgarh How to Reach Palace on Wheels