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Kosamattam Finance Limited NCD (Kosamattam Finance NCD January 2024) Detail

January 1, 2024 - January 12, 2024
Kosamattam Finance Limited Logo

Kosamattam Finance Limited is a non-deposit-taking NBFC primarily engaged in the business of Gold Loan.

The company belongs to the Kosamattam, Group led by Mathew K. Cherian. The company is headquartered in Kottayam in the state of Kerala.

Kosamattam Finance lends money against pledges of household Jewellery to businessmen, vendors, traders, farmers, salaried individuals, and families in Kerala, Karnataka, Tamil Nadu, Andhra Pradesh, Maharashtra, Delhi, Gujarat, and Telangana along with the Union Territory of Puducherry regions.

Besides 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 September 30, 2023, the company had 994 branches in 8 states and 1 union territory.

Kosamattam Finance NCD January 2024 Detail

Issue Open January 1, 2024 - January 12, 2024
Security Name Kosamattam Finance Limited
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 100.00 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 by India Ratings
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 Trustee/sVistra 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 100,000
Non-Institutional 100,000
HNI 300,000
Retail 500,000
Total NCD's 1,000,000

Kosamattam Finance Limited NCD Coupon Rates

#Series 1Series 2Series 3Series 4Series 5Series 6Series 7Series 8
Frequency of Interest PaymentCumulativeMonthlyCumulativeMonthlyCumulativeMonthlyCumulativeCumulative
NatureSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecured
Tenor18 Months24 Months30 Months36 Months39 Months48 Months54 Months88 Months
Coupon (% per Annum)NA8.75%NA9.25%NA10.00%NANA
Effective Yield (% per Annum)8.52%9.11%9.00%9.65%9.25%10.47%9.43%9.91%
Amount on Maturity (In Rs.)Rs 1,130.50Rs 1,000.00Rs 1,240.00Rs 1,000.00Rs 1,333.00Rs 1,000.00Rs 1,500.00Rs 2,000.00

NCD Rating

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

Company Promoters

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

Company Financials

Kosamattam Finance Limited Financial Information (Restated)

Kosamattam Finance Limited's revenue increased by 25.25% and profit after tax (PAT) rose by 33.82% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 2022
Assets5,444.344,568.89
Revenue782.54624.79
Profit After Tax107.0580.00
Amount in ₹ Crore

Objects of the Issue

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  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 January 2024 Prospectus

Kosamattam Finance NCD January 2024 Subscription Status

The Kosamattam Finance NCD January 2024 was subscribed 1.80 times on January 12, 2024 5:00:00 PM. The NCD subscribed 0.00 times in Retail, 6.01 times in HNI, 0.00 times in Non-Institutional, and 0.00 times in the Institutional category.

Category ?Subscription (times)
Retail0.00x
HNI6.01x
Non-Institutional0.00x
Institutional0.00x
Total1.80x

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Company Contact Information

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

Phone: +91-481-2586400
Email: info@kosamattam.com
Website: https://www.kosamattam.com/

Kosamattam Finance NCD January 2024 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.ncd@kfinech.com
Website: https://kosmic.kfintech.com/ipostatus/

Kosamattam Finance NCD January 2024 Lead Manager(s)


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