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Kosamattam Finance Limited NCD (Kosamattam Finance NCD Dec 2018) Detail

Dec 27, 2018 - Jan 25, 2019
Kosamattam Finance Limited Logo

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.

Kosamattam Finance NCD Dec 2018 Detail

Issue Open Dec 27, 2018 - Jan 25, 2019
Security Name Kosamattam Finance Limited
Security Type
Issue Size (Base) Rs 300.00 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 1 NCD
Listing At BSE
Credit Rating
Tenor
Series
Payment Frequency
Basis of Allotment

Company Promoters

The promoters of the company are Mathew K. Cherian, Laila Mathew and 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 9.50% 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.

Kosamattam Finance NCD Dec 2018 Prospectus

Kosamattam Finance NCD Dec 2018 Rating

12
3.6
Rating:Rated 3.6 stars
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Kosamattam Finance NCD Dec 2018 Reviews

Company Contact Information

Kosamattam Finance Limited
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 Dec 2018 Registrar

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

Phone: 04067162222, 04079611000
Email: kosamattam.ncdipo15@karvy.com
Website: https://karisma.kfintech.com/

Kosamattam Finance NCD Dec 2018 Lead Manager(s)