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

Dec 27, 2018 - Jan 25, 2019

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.

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

Issue Detail:

  »»  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

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.

Company Contact Information

Kosamattam Finance Limited
Kosamattam Mathew K Cherian Bld,
Market Junction,
M.L.Road, Kottayam, Kerala
Phone: +91 481 258 6400
Fax: +91 481-258 6500
Email: cs@kosamattam.com
Website: http://www.kosamattam.com

Kosamattam Finance NCD Dec 2018 Rating

12
3.6
Rating:Rated 3.6 stars

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Kosamattam Finance NCD Dec 2018 Registrar

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

Phone: +91-40-23312454
Fax: +91-40-23311968
Email: kosamattam.ncdipo15@karvy.com
Website: https://karisma.karvy.com/

Kosamattam Finance NCD Dec 2018 Lead Manager(s)

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