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NCD Status: Closed [8th Sep 2023 to 22nd Sep 2023]
Kosamattam Finance Limited issues secured and Redeemable NCD comprises Base issue size worth of Rs 100.00 Cr and Shelf issue size of worth Rs 200.00 Cr. The subscription is opening from 08 Sept 2023 to 22 Sept 2023. The company issues series I to VIII at an issue price of Rs. 1000 per NCD. One can subscribe to the NCD with a minimum ticket size of Rs. 10,000 (10 NCDs) . The face value of each NCD is Rs 1000. The NCD tenor is 20, 24, 30, 36, 39, 48, 54 and 88 months with a coupon rate ranging from 9.75% - 10.00% per annum.
Check more about the Kosamattam Finance Limitedincluding credit rating, Coupon rates for each series, the basis of allotment, payment frequency, and more.
| NCD Opening Date: | 8th Sep 2023 |
| NCD Closing Date: | 22nd Sep 2023 |
| NCD Type: | Secured NCD |
| Issue Size (Base): | ₹100.00Cr |
| Issue Size (Shelf): | ₹200.00Cr |
| Face Value: | Rs 1000 each NCD |
| Issue Price: | Rs 1000 per NCD |
| Market Lot: | 1 NCD |
| Min Order Qty: | 10 NCD |
| Min Order Amount: | Rs 10000 |
| Listing at: | BSE |
| Tenor: | 20, 24, 30, 36, 39, 48, 54 and 88 Months |
| Rating: | IND A-/Stable by India Ratings |
| Series: | Series I to VIII |
| Payment Frequency: | Monthly and Cumulative |
| Basis of Allotment: | |
| Interest on return: |
Zerodha Trade@20
| NCD Activity | Date |
|---|---|
| NCD Issue Open | 8th Sep 2023 |
| NCD Issue Close | 22nd Sep 2023 |
| BSE Code: | 3141 |
| BSE Script Symbol: | KFL28 |
* - Tentative Dates
| Category Name | NCD's Reserved | NCD's Allocated |
|---|---|---|
| Institutional | 100000 | 10% |
| Non-Institutional | 100000 | 10% |
| HNI | 300000 | 30% |
| Retail | 500000 | 50% |
Kosamattam Finance Limited was established in the year 1987. Kosamattam Finance Limited is a systemic, non-deposit taking NBFC primarily engaged in the gold loan business, lending money against the pledge of household goods (“Gold Loans”) in the states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Delhi, Maharashtra, Gujarat, Uttar Pradesh and Telangana and the Union Territory of Puducherry.
Gold loan is the most important product in the company's product range. The gold loan customers are generally businessmen, vendors, traders, farmers, employees and families who, out of convenience, accessibility or necessity, avail their credit facilities by pledging their gold items with us under the various gold loan programs. These gold loan programs are designed to offer higher grams at higher interest rates and vice versa, subject to applicable laws. In this way, customers can choose the gold lending program that best suits their needs. These gold lending programs are revised from time to time based on gold prices, market conditions and regulatory requirements.
In addition to its core gold lending business, the Company also offers fee-based ancillary services, including microfinance, money transfer, foreign exchange, power generation, agriculture, and airline ticket sales.
| Period Ended | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 4,568.89 | 5,444.34 |
| Revenue | 624.79 | 782.54 |
| Profit After Tax | 80.00 | 107.05 |
| Net Worth | ||
| Reserves and Surplus | ||
| Total Borrowing |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
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 | 20 Months | 24 Months | 30 Months | 36 Months | 39 Months | 48 Months | 54 Months | 88 Months |
| Coupon (% per Annum) | NA | 8.75% | NA | 9.25% | NA | 10.00% | NA | NA |
| Effective Yield (% per Annum) | 8.52% | 9.11% | 8.85% | 9.65% | 9.25% | 10.47% | 9.43% | 9.91% |
| Amount on Maturity (In Rs.) | Rs 1,146.00 | Rs 1,000.00 | Rs 1,236.00 | Rs 1,000.00 | Rs 1,333.00 | Rs 1,000.00 | Rs 1,500.00 | Rs 2,000.00 |
Mr. Mathew K. Cherian, Ms. Laila Matthew, and Jilu Saju Varghese are the promoters of the company.
The NCDs proposed to be issued under this Issue have been rated 'IND A-/Stable', by India Ratings & Research Private Limited.
Last Updated on 2023-09-25T06:33:02+00:00
