₹200.00 Cr| Listing at BSE | Mon, Nov 25, 2024 - Fri, Dec 6, 2024
Kosamattam Finance Ltd. NCD issue is a public issue of secured, redeemable, non-convertible debenture with a base issue size of ₹100.00 Cr and an option to retain oversubscription up to ₹100.00 Cr, aggregating to a total issue size of ₹200.00 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 Nov 25, 2024 and closes on Dec 6, 2024. NCD are proposed to be listed on 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 9.25% per annum to 10.25% per annum, depending on the series and tenure selected.
The NCD has been rated: .
SMC Capitals 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, Nov 25, 2024
Close Date
Fri, Dec 6, 2024
Issue Size (Overall)
₹200.00 Cr
Kosamattam Finance Limited NCD Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 |
|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Cumulative | Monthly | Cumulative | Monthly | Cumulative | Monthly | Cumulative | Cumulative |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 18 Months | 24 Months | 30 Months | 36 Months | 39 Months | 60 Months | 48 Months | 84 Months |
| Coupon (% per Annum) | NA | 9.25% | NA | 10.00% | NA | 10.25% | NA | NA |
| Effective Yield (% per Annum) | 9.00% | 9.65% | 9.41% | 10.47% | 9.75% | 10.75% | 10.67% | 10.41% |
| Amount on Maturity (In Rs.) | Rs 1,138.00 | Rs 1,000.00 | Rs 1,252.00 | Rs 1,000.00 | Rs 1,353.00 | Rs 1,000.00 | Rs 1,500.00 | Rs 2,000.00 |
Kosamattam Finance Limited 's revenue increased by 9.76% and profit after tax (PAT) rose by 6.21% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5,987.98 | 5,444.34 | 4,568.49 | 4,025.55 |
| Revenue | 858.94 | 782.54 | 6,247.49 | 541.84 |
| Profit After Tax | 113.70 | 107.05 | 80.00 | 65.32 |
| Amount in ₹ Crore | ||||
Mathew K. Cherian, Laila Mathew, and Jilu Saju Varghese are the company's promoters.
| Category | Allocated (%) |
|---|---|
| Institutional | 10.00% |
| Non-Institutional | 10.00% |
| HNI | 30.00% |
| Retail | 50.00% |
| Total | 100.00% |
Kosamattam Finance Limited is a non-deposit-taking NBFC primarily engaged in the business of gold loans.
The company is part of the Kosamattam Group, which is headed by Mathew K. Cherian. The head office of the company is located in Kottayam in the state of Kerala.
Kosamattam Finance provides loans against pledge of household ornaments to businessmen, vendors, traders, farmers, employees, and families in Kerala, Karnataka, Tamil Nadu, Andhra Pradesh, Maharashtra, Delhi, Gujarat and Telangana and the Union Territory of Puducherry.
In addition to the gold loan, it also offers fee-based additional services such as microfinance, money transfer services, power generation, foreign currency exchange, agriculture, and air ticketing services.
As of March 31, 2024, the company had 986 branches in Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Delhi, Maharashtra, Gujarat, Uttar Pradesh, Telangana and the Union Territory of Puducherry and employed over 3842 people.
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] This frequent visitor to the debt market, is bringing its 32nd offer since April 2014. It is offering lucrative coupon rates with IND A-/stable rating. Amidst firmed rates environment in the debt market, Investors looking for steady and regular returns may park moderate funds with a medium to long-term perspective. Read detail review...
The Kosamattam Finance NCD November 2024 was subscribed 1.85 times on Dec 06, 2024 16:29. The NCD subscribed 3.03 times in Retail, 1.12 times in HNI, 0.01 times in Non-Institutional, and 0.00 times in Institutional category.
Kosamattam Finance Ltd.
Kosamattam City Centre,
Floor Number 4th & 5th, T.B Road,
Kottayam - 686001
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.
