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Kosamattam Finance Limited NCD (Kosamattam Finance NCD March 2019) Detail

March 29, 2019 - April 26, 2019
Kosamattam Finance Limited Logo

Incorporated in 1987, Kerala based Kosamattam Finance Limited is a non-deposit taking NBFC and works as a gold loan provider against the household gold jewellery across some states in India. The company has a reach in Union Territory of Puducherry, Maharashtra, Delhi, Andhra Pradesh, Karnataka, Telangana, Gujarat, Tamil Nadu, and Kerala.

Kosamattam Finance Limited is registered with RBI as an NBFC and also has a Full-Fledged Money Changers (FFMC) license valid till 29th Feb 2020. The company also holds a certificate of registration to work as a Depository Participant and Corporate Agent.

Offered Services
The gold loan is the primary business of the company. The company also provides other miscellaneous services such as air ticketing, agriculture, power generation, foreign currency exchange, money transfer, and microfinance services.

Total Income
It has generated total income of 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 for the FY 2018, 2017, 2016, 2015 and 2014, respectively.

Credit Rating For Current NCD Issue
The currently proposed NCDs of the company are rated IND BBB by India Ratings & Research Private Limited as on 14th March 2019 stating moderate credit risk.

The company strengths:
1. Strong customer base
2. Good network across some Indian states
3. Efficient IT Infrastructure in branches
4. An effective risk management system

Kosamattam Finance NCD March 2019 Detail

Issue Open March 29, 2019 - April 26, 2019
Security Name Kosamattam Finance Limited
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) and/or Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs)
Issue Size (Base) Rs 150.00 Crores
Issue Size (Shelf) Rs 150.00 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
Tenor 18 months/24 months/36 months/48 months/60 months

Series 1 to Series 8

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

NCD Allocation Ratio

Category ? NCD's Allocated
Category 1 10%
Category 2 40%
Category 3 50%

NCD's Offered by Category

Category ? NCD's Reserved
Category 1 150,000
Category 2 600,000
Category 3 750,000
Category 4 0
Total NCD's 1,500,000

Coupon Rates for Eash Series

Series 1 Series 2 Series 3 Series 4 Series 5 Series 6 Series 7 Series 8
Frequency of Interest Payment Cumulative Monthly monthly Cumulative Cumulative Monthly Monthly Cumulative
Tenor 18 months 24 months 36 months 36 months 48 months 60 months 84 months 84 months
Coupon Rate (Retail) NA 9.75% 10.00% NA NA 10.00% 10.25% NA
Amount on Maturity Rs 1,135 Rs 1,000 Rs 1,000 Rs 1,350 Rs 1,500 Rs 1,000 Rs 1,000 Rs 2,000

NCD Rating

The NCDs proposed to be issued under this Issue have been rated 'IND BBB', by India Ratings & Research Private Limited ("India Ratings") for an amount up to 30,000 lakhs, including the unsecured portion of up to 2,500 lakhs vide its letter dated March 14, 2019. The rating of NCDs by India Ratings indicates that instruments with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such instruments carry moderate credit risk.

Company Promoters

The Promoters of the Company are:
1. Mathew K. Cherian;
2. Laila Mathew; and
3. Jilu Saju Varghese

Objects of the Issue

Objects of the issue are:
1. For the purpose of onward lending;
2. Repayment of interest and principal of existing loans; and
3. General Corporate Purposes;

Kosamattam Finance NCD March 2019 Prospectus

Kosamattam Finance NCD March 2019 Subscription Status

The Kosamattam Finance NCD March 2019 was subscribed 1.47 times on April 26, 2019 5:00:00 PM. The NCD subscribed .

Category ?Subscription (times)
Category 31.92x
Category 2 (NII)1.28x
Category 1 (QIB)0.00x

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Company Contact Information

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

Phone: +91 481 258 6400

Kosamattam Finance NCD March 2019 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 March 2019 Lead Manager(s)

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