Kosamattam Finance Ltd NCD (Kosamattam Finance NCD March 2017) Detail

Mar 29, 2017 - Apr 27, 2017

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 March 2017 Detail

Issue OpenMar 29, 2017 - Apr 27, 2017
Security NameKosamattam Finance Ltd
Security Type
Issue Size (Base)Rs 250.00 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%

Company Promoters:

The promoters of the company are:

1. Mr. Mathew K. Cherian
2. Ms. Laila Mathew and
3. Ms. Jilu Saju Varghese

Objects of the Issue:

The object of the issue are to:

1. For the purpose of onward lending and for repayment of interest and principal of existing loans;
2. General Corporate Purposes.

Ratings

These bonds are graded as IND BBB- (triple B minus) by India Rating and Research Pvt Ltd. The rating indicates that instruments with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such instruments carry moderate credit risk.

Offerings

NCDs have tenure of 400 days, 18 months, 36 months, 52 months, 60 months and 86 months. Its coupon rates ranging from 9 per cent to 10 per cent depending on the tenure and the option.

Useful Links

Kosamattam Finance NCD March 2017 Prospectus

Kosamattam Finance NCD March 2017 Rating

8
3.1
Rating:Rated 3.1 stars

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Kosamattam Finance NCD March 2017 Reviews

Company Contact Information

Kosamattam Finance Ltd
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 March 2017 Registrar

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

Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/

Kosamattam Finance NCD March 2017 Lead Manager(s)

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4 Comments

s
4. s  Aug 4, 2017 19:51
.DATE OF ALLOT NCD-( 17-03-2015)
sir i have 21 NCD of kosamattam finance ltd. (18 MONTH-- 1 NCD -115KFL2016C + 36 MONTH -125KFL2018E 10 NCD - + 70 MONTH 10 NCD--13KFL2021H ) . all ncd was in my IIFL demat account . i have closed this nsdl ( IIFL -5PAISA ) account and all my share and ncd are transfer to ZERODHA demat account .
But only one ncd (18 MONTH-- 1 NCD -115KFL2016C ) is not transfer in new demat account . i call to your phone no ( +91 4812586400 ) for help for this issue but not under standing my language in English or Hindi by your tele. operator. so please help me how to transfer my ncd from NSDL to CDSL account of ZERODHA.
PLEASE DO NEEDFUL ACTION IN THIS MATTER AND REPLY ME .
suresh
3. suresh  Apr 2, 2017 16:36
It looks like this company is a fraudulent one. When Muthoot from the same state is making close to 2000 crore net profit this company makes a paltry 10 cr. Another couple of hundred rupees fall in Gold prices this company could fall into a trap. I would not touch such bogus company
UnderRighter
2. UnderRighter  Mar 31, 2017 00:39
Stay away from such issues. Don''t junk your hard earned money. Put your money in RBI bonds that offer 8% interest for 6 years(1% less interest than this issue, but then you will get sleep..:-).....)
rajakong
1. rajakong  Mar 29, 2017 08:16
AVOID!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Chances of losing money very high.Put your money in dividend option of any good mutual fund and get income of more than 9% tax free yearly.Many mutual funds has given uninterrupted dividend for last ten years in spite of market crash.
Deepak
1.1. Deepak  Mar 29, 2017 21:06
Please share the best schemes you know. Thanks








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