₹300.00 Cr| Listing at BSE | Mon, May 18, 2026 - Mon, May 25, 2026
Kosamattam Finance Ltd. NCD issue is a public issue of secured, redeemable, non-convertible debenture with a base issue size of ₹150.00 Cr and an option to retain oversubscription up to ₹150.00 Cr, aggregating to a total issue size of ₹300.00 Cr. The NCDs are offered at a face value ₹1000 each and an issue price of ₹1000 per NCD.
Kosamattam Finance Ltd. NCD issue opens on May 18, 2026 and closes on May 25, 2026. NCD are proposed to be listed on the BSE.
The minimum lot size is 10 NCDs, requiring a minimum investment of ₹10,000 , while the market lot for trading is 1 NCD.
The issue offers interest rates ranging from 8.50% per annum to 10.00% per annum, depending on the series and tenure selected.
The NCD has been rated: A Stable by India Ratings & Research Private Limited.
Vivro Financial Services Pvt.Ltd. is the Lead Manager to the issue, Vistra ITCL India Ltd. is the Debenture Trustee, and Kfin Technologies Ltd. is the Registrar to the Issue.
Investors are advised to refer to the NCD Offer Document for detailed information on risk factors, financials, and the terms of the issue.
Open Date
Mon, May 18, 2026
Close Date
Mon, May 25, 2026
Issue Size (Overall)
₹300.00 Cr
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 |
|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Cumulative | Monthly | Monthly | Cumulative | Monthly | Cumulative | Monthly | Cumulative |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 24 Months | 24 Months | 36 Months | 36 Months | 42 Months | 50 Months | 60 Months | 84 Months |
| Coupon (% per Annum) | NA | 8.50% | 9.25% | NA | 10.00% | NA | 10.00% | NA |
| Effective Yield (% per Annum) | 8.26% | 8.84% | 9.65% | 9.25% | 10.47% | 10.22% | 10.47% | 10.41% |
| Amount on Maturity (In Rs.) | Rs 1,172.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,304.00 | Rs 1,000.00 | Rs 1,500.00 | Rs 1,000.00 | Rs 2,000.00 |
Kosamattam Finance Ltd. NCD Rating given as following :
| # | Rating Agency | NCD Rating | Outlook | Safety Degree | Risk Degree |
|---|---|---|---|---|---|
| 1 | India Ratings & Research Private Limited | A | Stable | Adequate degree of safety | Low credit risk |
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 6,405.69 | 5,985.78 | 5,444.34 |
| Total Income | 900.43 | 858.94 | 782.54 |
| Profit After Tax | 127.06 | 113.70 | 107.05 |
| NET Worth | 1,062.84 | 927.57 | 763.99 |
| Amount in ₹ Crore | |||
Mathew K. Cherian and Laila Mathew are the company promoters.
| Category | Allocated (%) |
|---|---|
| Institutional | 10.00% |
| Non-Institutional | 10.00% |
| HNI | 60.00% |
| Retail | 20.00% |
| Total | 100.00% |
Kosamattam Finance, a part of the Kosamattam is a non-deposit taking NBFC (Middle Layer) mainly engaged in the gold loan business. The company lends money against household gold jewellery. Its operations are spread across Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Maharashtra, Uttar Pradesh and Telangana, along with Puducherry and Delhi.
As of September 30, 2025, the company had 11.61 lakh gold loan accounts with a total value of ₹6,13,711 lakh, accounting for over 99% of our total loans. Its gold loan accounts and portfolio value have consistently grown over the last few years.
As of December 31, 2025, the company operated 981 branches across India and employed 3,924 people.
The company offers gold loan to various customers business owners, traders, farmers, salaried employees and families. Customers can choose from different gold loan schemes based on their needs, with loan tenure of up to 12 months and the option to repay early.
The average gold loan per account was around ₹53,000–₹58,000 over the last few years. For the six months ended September 30, 2025, the total income was ₹50,515 lakh and profit after tax was ₹8,060 lakh.
Apart from gold loans, we also offer fee-based services such as microfinance, money transfer, foreign exchange, power generation, agriculture-related activities and air ticketing services.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | For the purpose of onward lending | |
| 2 | Repayment of interest and principal of existing debts | |
| 3 | General Corporate Purposes | |
| Total | 0.00 |
[Dilip Davda] This is the 37th debt offer since April 2014 from KFL, a frequent visitor of debt market. Its last offer was in the month of February 2026. It has maintained the coupon rates at the same level like previous offer. The company has posted growth in its financial performance for the reported periods. Instrument rated as IND A/stable outlook by India Ratings. Well-informed Investors looking for steady returns may consider moderate investment. Read detail review...
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Kosamattam Finance Ltd.
Kosamattam City Centre,
Floor Number 4th & 5th,
T.B Road,
Kottayam, Kerala, 686001
NSE and BSE offer NSEgoBid and BSEDirect apps/websites through which retail investors can apply for NCDs up to Rs 5 lakhs. Not all brokers and banks provide the facility to apply for NCD online.
To apply for an NCD online, the investor should fill in the NCD bid details online and provide the details of the DP and bank accounts (ASBA/UPI) as requested. In the case of a UPI application, the investor needs to approve the UPI mandate to complete the application process.
Steps to invest in NCD IPO through GoldenPi
Retail investors can apply for an IPO online if the investment amount is less than or up to 10 lakhs.
Steps to apply for NCD IPO with Indiabonds:
You can buy or invest in NCD IPOs through the following intermediaries:
The investor can apply for the NCD IPO online through NCD intermediaries such as a registered stockbroker, provided the broker offers an online application for the NCD IPO. Not many brokers allow you to invest in an NCD IPO online. Currently, very few brokers, such as Nuvama Wealth, Angel One, and SBI Securities, offer the facility to apply for NCD IPOs electronically. You should check with your broker or intermediary to see if the online application facility for the NCD IPO is available through them.
Refer to the detailed guidelines on NSEgoBID and BSEDirect for information on the registration process and how to apply for NCDs through the exchange.
Important links :
Read more about NCD Application Process.
The minimum amount required for NCD investment is Rs. 10,000.
Generally, the minimum lot size of NCD is 10, and the face value is 1,000.
NCD allotment can be checked on the BSE website or with the Registrar once the allotment has been made.
Steps to check the NCD allotment status at the BSE:
Alternatively, the applicant can also check the allotment status on the respective website of the Registrar for the issue. The applicant will need their PAN details or the applicant's Aadhaar number to check the status.
Generally, all applicants receive full allotment due to the retention of the oversubscription option.
Read more information on NCD Subscription and NCD Allotment Process.
No, you cannot withdraw or redeem Kosamattam Finance Ltd. NCDs before maturity directly from the company. However, there are a couple of options available if you want to exit early:
If the NCDs are listed on stock exchanges (like BSE/NSE), you can:
Only possible if a "call option" exists.
Read more about NCD Subscription and Allotment Process
Bid Cancellation and Withdrawal Policy for NCD Applicants
Note:
The specific process and conditions for post-closure cancellation vary by issuer. Applicants should refer to the Offer Document for issuer-specific guidelines.
