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.
The promoters of the company are:
1. Mr. Mathew K. Cherian
2. Ms. Laila Mathew and
3. Ms. Jilu Saju Varghese
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
»» Issue Open: Mar 15, 2018 - Apr 13, 2018
»» Issue Type: Fixed Price Issue NCD
»» Issue Size: NCD's of Rs. 1000
»» Issue Size: Rs. 300.00 Crore
»» Face Value: Rs. 1000 Per NCD
»» Issue Price: Rs. 1000 Per NCD
»» Market Lot: 10 NCD
»» Minimum Order Quantity: 10 NCD
»» Listing At: BSE
These NCD issue is graded "IND BBB-" by India Rating & Research Pvt Ltd(indicating 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.
The company offers coupon rates ranging from 9 to 10% depending on the tenures and the mode of interest payments which is either Monthly or cumulative as per the choice of investors.
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Karvy Computershare Private Limited
Karvy Registry House, 8-2-596, St. No. 1,
Banjara Hills, Hyderabad - 500 034
Andhra Pradesh, India
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