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Kosamattam Finance Limited NCD (Kosamattam Finance NCD March 2021) Detail

Mar 30, 2021 - Apr 23, 2021
Kosamattam Finance Limited Logo

Incorporated in 1987, Kosamattam Finance Limited is a Kerala-based non-deposit-taking NBFC. It works as a gold loan provider against household gold jewelry.

The company has 960 branches, as of February 28, 2021, mainly spread across southern India.

These Gold Loans have a tenure of up to 12 months. The company's Gold Loan customers are typically businessmen, vendors, traders, farmers, salaried individuals, and families, who for reasons of convenience, accessibility, or necessity, avail of our credit facilities by pledging their gold jewelry.

In addition to the core business of Gold Loan, the company also offer fee-based ancillary services which include microfinance, money transfer services, foreign currency exchange, power generation, agriculture, and air ticketing
services.

Kosamattam Finance NCD March 2021 Detail

Issue Open Mar 30, 2021 - Apr 23, 2021
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 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+' - Outlook Stable, by Brickwork Ratings India Private Limited
Tenor 400 days, 24, 36, 42, 48, 66, 84 months
Series
Payment Frequency
Basis of Allotment First Come First Serve Basis

NCD Allocation Ratio

NCD's allocated in each investor category:

Category ? NCD's Allocated
Category 1 0%
Category 2 0%
Category 3 0%
Category 4 0%

NCD's Offered

NCD's offered in each investor category:

Category ? NCD's Reserved
Category 1 175,000
Category 2 175,000
Category 3 525,000
Category 4 875,000
Total NCD's 1,750,000

Coupon Rates

Coupon Rates for Eash Series

Series Series 1 Series 2 Series 3 Series 4 Series 5 Series 6 Series 7 Series 8
Tenor 400 days 24 Months 36 Months 36 Months 42 Months 48 Months 66 Months 84 Months
Frequency of Interest Payment Cumulative Monthly Monthly Cumulative Monthly Cumulative Monthly Cumulative
Coupon Rate (Retail) NA 8.50% 9.25% NA 10.00 NA 10.25% NA
Effective Yield (%) 8.00% 8.84% 9.65% 9.31% 10.47% 10.67% 10.75% 10.41%
Amount on Maturity Rs 1,088 Rs 1,000 Rs 1,000 Rs 1,306 Rs 1,000 Rs 1,500 Rs 1,000 Rs 2,000

Company Promoters:

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

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 our Company; and
  3. For general corporate purposes;

Kosamattam Finance NCD March 2021 Prospectus

Kosamattam Finance NCD March 2021 Rating

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Company Contact Information

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

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

Kosamattam Finance NCD March 2021 Registrar

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

Phone: 04067162222, 04079611000
Email: kflncd.ipo@kfintech.com
Website: https://karisma.kfintech.com/