[.]| Listing at BSE | Tue, Feb 10, 2015 - Wed, Mar 11, 2015
Kosamattam Finance Ltd. NCD issue is a public issue of , issued under a Shelf Prospectus of ₹[.] Cr with a base issue size of ₹200.00 Cr and an option to retain oversubscription up to ₹[.] Cr, aggregating to a tranch issue size of ₹[.] 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 Feb 10, 2015 and closes on Mar 11, 2015. 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 10 NCD(s).
The issue offers interest rates ranging from per annum to per annum, depending on the series and tenure selected.
Vivro Financial Services Pvt.Ltd. is the Lead Manager to the issue, is the Debenture Trustee, and Kfin Technologies Ltd. is the Registrar to the Issue.
Investors are advised to refer to the [.] for detailed information on risk factors, financials, and the terms of the issue.
Open Date
Tue, Feb 10, 2015
Close Date
Wed, Mar 11, 2015
Issue Size (Overall)
[.]
The Promoters of the Company are:
1. Mr. Mathew K. Cherian
2. Ms. Laila Mathew
3. Ms. Jilu Saju Vargh
Kosamattam Finance Ltd is a Kerala Based NBFC engaged in gold loan business. They lends money against the pledge of household Jewellery in the state of Kerala, Tamilnadu, Karnataka, Andhra Pradesh, Delhi and in the Union Territory of Puducherry.
Kosamattam finance has numerous branches spread across the rural and semi urban localities in the country. Their customers involve people from various strata of life including small business men, entrepreneurs, farmers, retailers and the common man who find it difficult to access credit facilities from banks and other financial institutions due to the hectic procedures involved. They provide Business and Personal Loans secured against Ornaments and Gold.
The funds raised through this Issue will be utilised for various financing activities:
1. Repayment of existing loans and towards their business operations including for their capital expenditure;
2. Working capital requirements;
3. General corporate purposes after meeting the expenditures of and related to the Issue.
[Dilip Davda] On the performance front, the company outperformed in the fiscal 2010-11, 2011-12, 2012-13 and then witnessed fall in its net profit for the fiscal 2013-14 the marked sharp fall in first eight months working. This may prove hard for it to service this debt offer going forward.
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Kosamattam Finance Ltd.
Kosamattam Mathew K Cherian Bld,
Market Junction,
M.L.Road, Kottayam, Kerala
Kottayam, Kerala
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.
