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NCD Status: Closed [8th Apr 2024 to 23rd Apr 2024]
Kosamattam Finance Limited is issuing secured and redeemable NCDs with a base issue size of Rs 125.00 Cr and Oversubscription issue size of Rs 125.00 Cr. The subscription period is opening from 08 Apr 2024 to 23 Apr 2024 and the company is issuing Series I to VIII at an issue price of Rs. 1000 per NCD. The lot size of NCD is about of 01 NCD , so the total cost for NCD is Rs 10,000. The face value of each NCD is Rs. 1000. The tenure of the NCDs is 18, 24, 30, 54 and 88 months with a coupon rate of 8.52% to 10.47% per annum.
Learn more about Kosamattam Finance Limited including credit rating, coupon rates for each series, basis of allotment, payment frequency and more.
| NCD Opening Date: | 8th Apr 2024 |
| NCD Closing Date: | 23rd Apr 2024 |
| NCD Type: | Secured NCD |
| Issue Size (Base): | ₹125.00Cr |
| Issue Size (Shelf): | |
| 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: | 18, 24, 30, 36, 39, 48, 54 and 88 Months |
| Rating: | A-Stable by India Ratings & Research Private Limited (IRRPL) |
| 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 Apr 2024 |
| NCD Issue Close | 23rd Apr 2024 |
| BSE Code: | 3387 |
| BSE Script Symbol: | KFL30 |
* - Tentative Dates
| Category Name | NCD's Reserved | NCD's Allocated |
|---|---|---|
| Institutional | 125000 | 10% |
| Non-Institutional | 125000 | 10% |
| HNI | 375000 | 30% |
| Retail | 625000 | 50% |
Kosamattam Finance Limited was incorporated in March 1987. NBFC is primarily engaged in gold lending business and lends money against pledge of household ornaments (“Gold Loans") in the states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Delhi, Maharashtra, Gujarat and Telangana and in the Union Territory of Puducherry.
Its gold loan portfolio for the six-month period ended September 30, 2022 and the financial years ended March 31, 2022, March 31, 2021, March 31, 2020 and March 31, 2020 comprised 8,71,389, 8,10,711, 7,18,836 and 7,07.856 gold loan accounts totaling ₹ 3,95,109.23 lakhs, ₹ 3,65,802.24 lakhs, ₹ 3,14,609.59 lakhs and ₹ 2,64,495.77 lakhs, representing 98.88%, 98.52%, 98.34% and 97.29% of the total loan portfolio as on those dates, respectively.
The gold loan is the most important product in the company's product portfolio. The gold loan customers are generally businessmen, vendors, traders, farmers, employees and families who avail their loan facilities by pledging their gold jewellery with us under the various gold loan schemes for reasons of convenience, accessibility or necessity.
Kosamattam Finance Limited's revenue increased by 25.25% and profit after tax (PAT) rose by 33.82% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 5,444.34 | 4,568.89 |
| Revenue | 782.54 | 624.79 |
| Profit After Tax | 107.05 | 80.00 |
| Amount in ₹ Crore | ||
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 | 18 Months | 24 Months | 30 Months | 36 Months | 39 Months | 48 Months | 54 Months | 88 Months |
| Coupon (% per Annum) | NA | 8.75% | NA | 9.50% | NA | 10.00% | NA | NA |
| Effective Yield (% per Annum) | 8.52% | 9.11% | 9.00% | 9.92% | 9.42% | 10.47% | 9.43% | 9.91% |
| Amount on Maturity (In Rs.) | Rs 1,130.50 | Rs 1,000.00 | Rs 1,240.00 | Rs 1,000.00 | Rs 1,340.00 | Rs 1,000.00 | Rs 1,500.00 | Rs 2,000.00 |
The NCDs proposed to be issued under this Issue have been rated 'A-Stable', by India Ratings & Research Private Limited.
Last Updated on 2024-04-26T06:32:49+00:00
