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

March 14, 2022 - April 8, 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 gold loan, it also offers fee based ancilliary 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 significant market presence in Southern India.

Competitive strengths

  • Part of Kosamattam Group, one of the leading financial service group 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 Mar 2022 Detail

Issue Open March 14, 2022 - April 8, 2022
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 BBB+/ Stable by India Ratings
Tenor 18, 36, 42, 48, 54, 60 and 88 months

Series I to VIII

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

NCD Allocation Ratio

Category ? NCD's Allocated
Category 1 0%
Category 2 0%
Category 3 0%

NCD's Offered by Category

Category ? NCD's Reserved
Category 1 200,000
Category 2 200,000
Category 3 600,000
Category 4 1,000,000
Total NCD's 2,000,000

Coupon Rates for Each Series

Nature Secured NCDs
Tenure 18 months 36 months 36 Months 42 months 48 months 54 months 60 months 88 months
Frequency of Interest Payment Cumulative Monthly Cumulative Monthly Monthly Cumulative Monthly Cumulative
Minimum Application 10,000 (10 NCDs)
In Multiples of 1 NCD after minimum application
Face Value of NCDs (Rs /NCD) Rs 1000 (1 NCD)
Issue Price (Rs /NCD) Rs 1000 (1 NCD)
Mode of Interest Payment/Redemption Through various options available
Coupon Rate % Per Annum NA 8.75% NA 9.25% 9.50%NA 10% NA
Coupon Type Fixed
Redemption Amount (₹ /NCD) for Debenture Holders (%) 1,123 1,000 1,295 1,000 1,000 1,500 1,000 2,000
Effective Yield (%) 8.04% 9.11% 9% 9.65% 9.92% 9.43% 10.47% 9.91%
Put and Call Option NA

NCD Rating

The NCDs proposed to be issued under this Issue have been rated "IND BBB+/Stable by Indian Ratings & Research Pvt Ltd for an amount of Rs. 400 crores. 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

Summary of Consolidated financial Information
Particulars For the year/period ended (Rs in Lakhs)
  30-Sep-21 31-Mar-21
Total Assets 4,48,919.92 4,02,555.16
Total Revenue 54,225.97 29,952.79
Profit After Tax 3,664.12 6,531.58

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 Mar 2022 Prospectus

Kosamattam Finance NCD Mar 2022 Subscription Status

The Kosamattam Finance NCD Mar 2022 was subscribed 2.10 times on April 8, 2022 1:00:00 AM. The NCD subscribed .

Category ?Subscription (times)
Category 43.42x
Category 31.29x
Category 2 (NII)0.03x
Category 1 (QIB)0.00x

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Kosamattam Finance NCD Mar 2022 Rating

Rating:Rated 3.7 stars
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Company Contact Information

Kosamattam Finance Limited
Kosamattam Mathew K. Cherian Building, M. L. Road,
Kottayam - 686 001, Kerala, India

Phone: +91 481 258 6400

Kosamattam Finance NCD Mar 2022 Registrar

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

Phone: 04067162222, 04079611000

Kosamattam Finance NCD Mar 2022 Lead Manager(s)


1. Ankit Patel     Link|March 15, 2022 2:42:31 PM
How to apply in this ncd
1.1. Vimal     Link|March 16, 2022 10:01:56 AM
You can apply through your broker or using your bank's website or app..

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