Kerala based Kosamattam Finance Ltd is a systemically important, non-deposit taking NBFC registered with RBI. The company is engaged in the Gold loan business wherein it offers loans against pledged gold jewellery. Besides Gold Loan, it also offers other fee-based ancillary services like microfinance, foreign currency exchange, money transfer services, power generation, agriculture and air ticketing services.
Kosamattam Finance is part of Kosamattam Group and is headquartered in Kottayam, Kerala. Its areas of operation include states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Delhi, Gujarat, Maharashtra along with the Union Territory of Puducherry. It has a network of 948 branches and employs 3,299 persons.
The company's Gold Loan portfolio for the six-month period ended September 30, 2018 and for the financial years
2018, 2017 and 2016 aggregated to Rs 2,12,136.39 lakhs, Rs 2,05,050.99 lakhs, Rs 1,73,040.27 lakhs and
Rs 1,31,224.42 lakhs, comprising 91.79%, 91.56%, 90.03% and 89.12% of its total loans portfolio.
The total income for the six-month period ended September 30, 2018 and for the financial years 2018, 2017, 2016, 2015 and 2014 was Rs 22,039.14 lakhs, 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, respectively. The profit for the same periods were Rs 1,092.60 lakhs, 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 Mathew K. Cherian, Laila Mathew and 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: Dec 27, 2018 - Jan 25, 2019
»» Issue Type: Fixed Price Issue NCD
»» Issue Size: 3,000,000 NCD's of Rs. 1000
»» Issue Size: Rs. 300.00 Crore
»» Face Value: Rs. 1000 Per NCD
»» Issue Price: Rs. 1000 Per NCD
»» Market Lot: 1 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 9.50% 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...
No record Found
Stock Broker ComparisonCompare Share Brokers Side-by-Side Comparison List of Stock Brokers Broker Complaints Monitor Articles / Tutorials Glossary
Discount BrokersZerodha (Flat ₹20) ProStocks (₹15 per trade) Upstox RKSV (Flat ₹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