Kosamattam Finance Limited NCD (Kosamattam Finance NCD Jan 2016) Detail

Jan 18, 2016 - Feb 18, 2016

Kosamattam Finance Ltd is a Kerala Based NBFC engaged in gold loan finance 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. They also offers fee based ancillary services which include money transfer services, foreign currency exchange and air ticketing services.

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.

Kosamattam Finance NCD Jan 2016 Detail

Issue OpenJan 18, 2016 - Feb 18, 2016
Security NameKosamattam Finance Limited
Security Type
Issue Size (Base)Rs 100.00 Crores
Issue Size (Shelf)Rs [.] Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot10 NCD
Listing AtBSE
Credit Rating
Tenor
Series
Payment Frequency
Basis of Allotment

NCD Allocation Ratio

NCD's allocated in each investor category:

Category ?NCD's Allocated
Category 10%
Category 20%
Category 30%
Category 40%

Ratings

CARE has given rating of "CARE BB+" indicating moderate risk of default regarding timely servicing of financial obligations.

Offerings

These NCDs have tenure of 370 days, 25 months, 36 months, 48 months and 76 months and coupon rates ranging from 9.75% to 11.50% depending upon the choice of investors. Interest payment options are monthly and cumulative.

Useful Links

Kosamattam Finance NCD Jan 2016 Prospectus

Kosamattam Finance NCD Jan 2016 Rating

6
2.3
Rating:Rated 2.3 stars

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Kosamattam Finance NCD Jan 2016 Reviews

Company Contact Information

Kosamattam Finance Limited
Kosamattam Mathew K Cherian Bld,
Market Junction,
M.L.Road, Kottayam, Kerala

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

Kosamattam Finance NCD Jan 2016 Registrar

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

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

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5 Comments

Deepak
5. Deepak  Jan 18, 2016 16:59
THANKS FRIENDS FOR POINTING OUT THE TYPOGRAPHICAL MISTAKE. I SINCERELY APOLOGIES FOR THE SAME. THIS ISSUE HAS CARE BB+ GRADING FROM CARE AND NOT CARE AA+ AS MENTIONED IN MY REPORT EARLIER. I HAVE ASKED FOR CORRECTING THE ERROR.

I DEEPLY REGRET THE SAME. HOWEVER, GRADING INDICATION WAS MENTIONED IN RIGHT PERSPECTIVE THAT WAS SUITING THE BB+ GRADING.

THANKS ALL FOR BRINGING MISTAKE TO MY NOTICE.

REGARDS

KEEP IT UP
Deepak
4. Deepak  Jan 18, 2016 16:47
Regret for typographical error. This NCD offer has CARE BB+ rating and not AA+. Issue has moderate risk on servicing of funding.
Deepak
3. Deepak  Jan 18, 2016 08:05
It has only a BB+ rating and please don''t give wrong information intentionally. Then why should some one put money into such bogus unheard companies at such low interest rates when even LIC bonus offers are that much. National saving certifiacte has a better rate. Gold loan business in general and this comapny in particular is strggling and from prospectus it is clear that this company is sinking and current mobilisation is to rrepay old NCD which means they walked into a liquidity crisis. So my idea is to stay away from such bogus fraud companies.
Deepak
2. Deepak  Jan 17, 2016 15:39
Don''t provide wrong information. The issue is rated by CARE with BB+ rating. The date of credit rating letter is 19-12-2015. NCD with BB+ rating indicates that instrument with this rating are considered to have moderate risk of default regarding timely serving of financial obligations.
Deepak
1. Deepak  Jan 17, 2016 09:48
In comparison with existing or recent offerings, these Kosamattam NCDs would be more attractive in terms of yield as well as redemption aspects as they capture an AA+ rating as well. Good catch!








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