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Kosamattam Finance NCD July 2022 Details, Coupon rate, Credit rating

NCD Status: Closed [13th Jul 2022 to 4th Aug 2022]

Rated 3.5 stars Rated 3.5/5 by Team TopShareBrokers
Kosamattam Finance NCD Detail

Kosamattam Finance NCD of Rs. 175 Cr issue size and Rs. 175 Cr shelf size opens for subscription from 13 July to 4 August 2022. The company issues series I to VIII secured and redeemable NCD at an issue size of Rs. 1000 per NCD. One can subscribe to the NCD with a minimum ticket size of Rs. 10,000 (10 NCDs). The NCD tenor is 400 days, 36, 36, 42, 48, 54, 60 and 88 months with a coupon rate ranging 7.00% - 9.25% per annum. Check more about the Kosamattam Finance NCD July 2022 including credit rating, Coupon rates for each series, the basis of allotment, payment frequency, and more.

Kosamattam Finance NCD Details

NCD Opening Date: 13th Jul 2022
NCD Closing Date: 4th Aug 2022
NCD Type: Secured NCD
Issue Size (Base): Rs 175 Cr
Issue Size (Shelf): Rs 175 Cr
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: 400 Days, 36, 42, 48, 54, 60, 88 Months
Rating: BWR BBB+/ Positive Rating by Brickwork Ratings
Series: Series I to VIII
Payment Frequency: Monthly and Cumulative
Basis of Allotment: First Come First Serve Basis
Interest on return: TBD

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NCD Important Dates

Action Dates
NCD Activity Date
NCD Issue Open 13th Jul 2022
NCD Issue Close 4th Aug 2022
Allotment Date* 11th Aug 2022

* - Tentative Dates

Offer Details

Category Name NCD's Allocated
Institutional 10%
Non-Institutional 10%
HNI 30%
Retail 50%

About Company - Kosamattam Finance

Kosamattam Finance Limited is a non-deposit-taking NBFC that is primarily engaged in the gold loan business. The company has its lending business in Kerala, Tamil Nadu, Maharashtra, Gujarat, Telangana, Karnataka, Andhra Pradesh, and Delhi. It offers gold loan facilities to businessmen, vendors, traders, farmers, salaried individuals, and families.

Kosamattam Finance offers fee-based services such as microfinance, money transfer services, power generation, foreign currency exchange, agriculture, and air ticketing services. Currently, the company has 997 branches in India, as of June 30, 2022.

Kosamattam Finance Financials

Kosamattam Finance Financials (₹ in Lakh) 31-Mar-2022 31-Mar-2021
Total Assets ₹4,56,889.12 ₹4,02,555.16
Total Income ₹62,174.73 ₹29,952.79
Net Profit/Loss ₹7,999,66 ₹6,531.58

Kosamattam Finance NCD Objective

The net proceeds from the NCD will be utilized towards the following objectives:

  • For onward lending purposes.
  • Fore the repayment of company's existing debt and interest.
  • To meet general corporate purposes.

Coupon Rates for Each Series

'
Tenure 400 days 36 months 36 months 42 months 48 months 54 months 60 months 88 months
Options I II III IV V VI VII VIII
Frequency of Interest Payment Monthly Monthly Cumulative Monthly Monthly Cumulative Monthly Cumulative
Coupon Rate % Per Annum 7.00% 8.50% NA 9.00% 9.50%NA 9.25% NA
Redemption Amount (Rs. /NCD) for Debenture Holders (%) 1,123 1,000 1,295 1,000 1,000 1,500 1,000 2,000
Effective Yield (%) 7.23% 8.84% 9.00% 9.38% 9.92% 9.43% 10.65% 9.91%

Kosamattam Finance NCD Promoters

Mathew K. Cherian, Laila Mathew, and Jilu Saju Varghese are the company promoters.

Kosamattam Finance NCD Rating Details

The NCD is rated BWR BBB+/ Positive by Brickwork Ratings and offers an Moderate degree of safety.

Kosamattam Finance NCD Not Eligible to Invest

  1. Minors without a guardian name
  2. Foreign nationals
  3. Persons resident outside India
  4. Foreign Portfolio Investors
  5. Foreign Venture Capital Investors
  6. Qualified Foreign Investors
  7. Overseas Corporate Bodies
  8. Persons ineligible to contract under applicable statutory/regulatory requirements

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Kosamattam Finance NCD Imporatant Links

  • Kosamattam Finance NCD DRHP >>Document
  • Kosamattam Finance NCD RHP >>Document
  • Kosamattam Finance NCD DRHP Shelf >>Kosamattam Finance NCD Draft Prospectus Shelf is not yet available.
  • Kosamattam Finance NCD RHP Shelf >>Kosamattam Finance NCD Red Herring Prospectus Shelf is not yet available.
  • Kosamattam Finance NCD Allotment Status >>Kosamattam Finance NCD Allotment is not declared yet, we will provide the link for status once allotment is out.

Company Address

Kosamattam Finance Limited
Kosamattam City Centre, Floor Number 4th & 5th, T.B Road
Kottayam,Kerala-686001
India
Website: http://www.kosamattam.com/
Phone: +91 481 258 6400
Email: [email protected]

Kosamattam Finance NCD Registrar

KFintech Private Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Website: https://karisma.kfintech.com/
Phone: 04067162222, 04079611000
Email: [email protected]

Kosamattam Finance NCD Lead Manager

  1. SMC Capitals Limited
Kosamattam Finance NCD Important dates - Issue Open Date, close Date, NCD Listing Date. NCD Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, NCD Listing date. What is the issue open date and close date for Kosamattam Finance? Should I apply in Kosamattam Finance NCD?

Last Updated on 2022-07-13T11:21:48+00:00


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