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

Jul 13, 2022 - Aug 4, 2022
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 pledge 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 Jan 31, 2022, it has a network of 990 branches with a significant market presence in Southern India.

Competitive strengths

  • 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 July 2022 Detail

Issue Open Jul 13, 2022 - Aug 4, 2022
Security Name Kosamattam Finance Limited
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 175.00 Crores
Issue Size (Shelf) Rs 175.00 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 BWR BBB+/Positive by Brickwork Ratings India Private Limited.
Tenor 400 days, 36, 42, 48, 54, 60, 88 months
Series

Series I to VIII

Payment Frequency Monthly and Cumulative
Basis of Allotment First Come First Serve Basis

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 175,000
Non-Institutional 175,000
HNI 525,000
Retail 875,000
Total NCD's 1,750,000

Coupon Rates

  Series 1 Series 2 Series 3 Series 4 Series 5 Series 6 Series 7 Series 8
Frequency of Interest Payment Monthly Monthly Cumulative Monthly Monthly Cumulative Monthly Cumulative
Nature Secured
Tenor 400 Days 36 months 36 months 42 months 48 months 54 months 60 months 88 months
Coupon Rate 7.00% 8.50% NA 9.00% 9.50% NA 9.25% NA
Effective Yield (% per Annum) 7.23% 8.84% 9.00% 9.38% 9.92% 9.43% 9.65% 9.91%
Amount on Maturity Rs 1,000 Rs 1,000 Rs 1,295 Rs 1,000 Rs 1,000 Rs 1,500 Rs 1,000 Rs 2,000

NCD Rating

The NCDs proposed to be issued under this Issue have been rated "BWR BBB+/Positive" by Brickwork Ratings India Private Limited for an amount of Rs.35,000 lakhs. Instruments with such ratings are considered to have a moderate degree of safety regarding timely servicing of financial obligations therefore, carry moderate credit risk.

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 NCD purposes to raise funds for the following purposes;

  • For the purpose of onward lending
  • For repayment of interest and principal of existing debts of the company, and
  • Meet general corporate purposes.

Kosamattam Finance NCD July 2022 Prospectus

Kosamattam Finance NCD July 2022 Subscription Status

The Kosamattam Finance NCD July 2022 is subscribed 1.74x times on Aug 4, 2022 5:00:00 AM. The ncd subscribed 0.78x times in the retail category, 0.00x times in the QIB category, and 0.01x times in the NII category.

Category ?Subscription (times)
Institutional0.00x
Non-Institutional0.01x
HNI0.78x
Retail3.00x
Total1.74x

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Kosamattam Finance NCD July 2022 Rating

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Company Contact Information

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

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

Kosamattam Finance NCD July 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: einward.ris@kfintech.com
Website: https://karisma.kfintech.com/

Kosamattam Finance NCD July 2022 Lead Manager(s)


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