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Kosamattam Finance Limited NCD (Kosamattam Finance NCD Dec 2022) Detail

Dec 14, 2022 - Jan 13, 2023
Kosamattam Finance Limited Logo

Kosamattam Finance Ltd is a non-deposit-taking NBFC that is primarily engaged in the business of Gold Loan, lending money against pledges of household Jewellery in Kerala, Karnataka, Tamil Nadu, Andhra Pradesh, Maharashtra, Delhi, Gujarat, and Telangana along with Union Territory of Puducherry.

In addition to the gold loan, it also offers fee-based ancillary services such as microfinance, money transfer services, power generation, foreign currency exchange, agriculture, and air ticketing services. As of October 31, 2022, it has a network of 997 branches with a significant market presence in Southern India.

Competitive strengths

The company belongs to the Kosamattam, Group led by Mathew K. Cherian. The company is headquartered in Kottayam in the state of Kerala.
  • Part of Kosamattam Group, one of the leading financial service groups in South India.
  • Branch network in rural and semi-urban areas in South India.
  • Organized and efficient IT infrastructure.
  • Experienced management team and skilled personnel.

Kosamattam Finance NCD Dec 2022 Detail

Issue Open Dec 14, 2022 - Jan 13, 2023
Security Name Kosamattam Finance Limited
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 200.00 Crores
Issue Size (Shelf) Rs 200.00 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 IND A-/Stable
Tenor 18, 24, 30, 36, 39, 48, 54 and 88 Months
Series

Series I to VIII

Payment Frequency Monthly and Cumulative
Basis of Allotment First Come First Serve Basis
Debenture TrustiesVISTRA ITCL INDIA LIMITED

NCD Allocation Ratio

Category ? NCD's Allocated
Institutional 10%
Non-Institutional 10%
HNI 30%
Retail 50%

NCD's Offered by Category

Category ? NCD's Reserved
Institutional 200,000
Non-Institutional 200,000
HNI 600,000
Retail 1,000,000
Total NCD's 2,000,000

Coupon Rates

  Series 1 Series 2 Series 3 Series 4 Series 5 Series 6 Series 7 Series 8
Frequency of Interest Payment Cumulative Monthly Cumulative Monthly Cumulative Monthly Cumulative Cumulative
Nature Secured
Tenor 18 Months 36 months 30 months 36 months 39 months 48 months 54 months 88 months
Coupon Rate NA 8.50% NA 9.00% NA 9.50% NA NA
Effective Yield (% per Annum) 8.00% 8.57% 8.49% 9.38% 9.25% 9.92% 9.43% 9.91%
Amount on Maturity Rs 1,122.40 Rs 1,000 Rs 1,226 Rs 1,000 Rs 1,333 Rs 1,000 Rs 1,500 Rs 2,000

NCD Rating

The NCDs proposed to be issued under this Issue have been rated 'IND A-/Stable', by India Ratings & Research Private Limited ("India Ratings").

Company Promoters

Mathew K. Cherian, Laila Mathew, and Jilu Saju Varghese are the company promoters.

Company Financials

Kosamattam Finance Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet Worth
31-Mar-203297.45499.3347.66420.44
31-Mar-214006.16541.8465.25520.56
31-Mar-224544.1624.7978.92657
Amount in ₹ Crore

Objects of the Issue

The company proposes to utilise the funds which are being raised through the Issue:

1. For the purpose of onward lending.

2. For repayment of interest and principal of existing debts of the Company.

3. For general corporate purposes.

Kosamattam Finance NCD Dec 2022 Prospectus

Kosamattam Finance NCD Dec 2022 Subscription Status

The Kosamattam Finance NCD Dec 2022 was subscribed 1.49 times on Jan 10, 2023 1:00:00 AM. The NCD subscribed 2.51 times in Retail, 0.77 times in HNI, 0.01 times in Non-Institutional, and 0.00 times in the Institutional category.

Category ?Subscription (times)
Retail2.51x
HNI0.77x
Non-Institutional0.01x
Institutional0.00x
Total1.49x

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Company Contact Information

Kosamattam Finance Limited
Kosamattam City Centre,
Floor Number 4th & 5th,
T.B Road, Kottayam - 686001, Kerala

Phone: +91 481 258 6400
Email: cs@kosamattam.com
Website: http://www.kosamattam.com/

Kosamattam Finance NCD Dec 2022 Registrar

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

Phone: 04067162222, 04079611000
Email: kosamattam.ncdipo24@kfinech.com
Website: https://karisma.kfintech.com/

Kosamattam Finance NCD Dec 2022 Lead Manager(s)


2 Comments

2. KB   I Like It. |Report Abuse|  Link|Dec 29, 2022 12:55:44 PMReply
Can anyone please guide how to apply for this specific NCD from Sharekhan as lot many options are visible but unable to find out which is this NCD. Want guidance as applying for the first time via Sharekhan as IDBI Netbanking is not having this option to apply.
1. R. DHEENA   I Like It. |Report Abuse|  Link|Dec 21, 2022 9:36:25 PMReply
COUPON RATE IS VERY POOR, AS NOW THE SMALL FINANCE BANKS OFFERS UPTO 8.5% INTEREST AND 9% SENIOR CITIZENS. SECONDLY NCD ARE LESS LIQUIDITY THAN THE BANK FD.

IF THE COUPON RATE IS LITTLE BIT HIGHER THAN 9%, PUBLIC WILL RESPOND. ALSO LISTING GAINS SHOULD BE THERE