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NCD Status: Closed [14th Dec 2022 to 13th Jan 2023]
Kosamattam Finance Limited Issue secured and Redeemable NCD comprises Base issue size worth of Rs 200.00 Cr and Shelf issue size of worth Rs 200.00 Cr. The subscription is opening from 14 Dec 2022 to 13 Jan 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 18, 24, 30, 36, 39, 48, 54 and 88 months with a coupon rate ranging from 8.00% - 9.91% per annum.
Check more about the Kosamattam Finance Limited NCD 2022 including credit rating, Coupon rates for each series, the basis of allotment, payment frequency, and more.
| NCD Opening Date: | 14th Dec 2022 |
| NCD Closing Date: | 13th Jan 2023 |
| NCD Type: | Secured NCD |
| Issue Size (Base): | ₹200.00Cr |
| 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: | 18, 24, 30, 36, 39, 48, 54 and 88 Months |
| Rating: | IND A-/Stable |
| Series: | Series I to VIII |
| Payment Frequency: | Monthly and Cumulative |
| Basis of Allotment: | First Come First Serve Basis |
| Interest on return: |
Zerodha Trade@20
| NCD Activity | Date |
|---|---|
| NCD Issue Open | 14th Dec 2022 |
| NCD Issue Close | 13th Jan 2023 |
| BSE Code: | 2853 |
* - Tentative Dates
| Category Name | NCD's Reserved | NCD's Allocated |
|---|---|---|
| Institutional | 200000 | 10% |
| Non-Institutional | 200000 | 10% |
| HNI | 600000 | 30% |
| Retail | 1000000 | 50% |
Kosamattam Finance was incorporated on March 25, 1987. Kosamattam finance is one of the leading gold loan companies in India providing an ultimate solution for meeting all your financial needs. They guarantee the best value for your Gold with lowest gold loan interest rate to fulfill your dreams. Take the loan against gold ornaments and get relieved of your immediate requirements. Kosamattam Finance has branches spread across the rural and semi urban localities in the country, which forms the base of the company.
Kosamattam provides gold loans to people from various strata of life including small business men, entrepreneurs, farmers and retailers with attractive interest rates, hassle free documentation and instant cash. They provide business and personal loans secured against ornaments and gold. They dedicated customer service and the loyalty towards its customers' needs keep them way above its peers even at the time of exigency.
Kosamattam is a systemically important non-deposit taking NBFC primarily engaged in the Gold Loan business, lending money against the pledge of household jewellery ('Gold Loans') in the state of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Delhi, Maharashtra, Gujarat and Telangana along with the Union Territory of Puducherry.
Gold Loan is the most significant product in the product portfolio of its Company. Their Gold Loan customers are typically businessmen, vendors, traders, farmers, salaried individuals and families, who for reasons of convenience, accessibility or necessity, avail of its credit facilities by pledging their gold jewellery with them under its various gold loan schemes.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-20 | 3297.45 | 499.33 | 47.66 | 420.44 |
| 31-Mar-21 | 4006.16 | 541.84 | 65.25 | 520.56 |
| 31-Mar-22 | 4544.1 | 624.79 | 78.92 | 657 |
| Amount in ₹ Crore | ||||
The company proposes to utilise the funds which are being raised through the Issue:
1. For the purpose of onward lending.
2. For repayment of interest and principal of existing debts of the Company.
3. For general corporate purposes.
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 | |||||||
| Tenor | 18 Months | 36 months | 30 months | 36 months | 39 months | 48 months | 54 months | 88 months |
| Coupon Rate | NA | 8.50% | NA | 9.00% | NA | 9.50% | NA | NA |
| Effective Yield (% per Annum) | 8.00% | 8.57% | 8.49% | 9.38% | 9.25% | 9.92% | 9.43% | 9.91% |
| Amount on Maturity | Rs 1,122.40 | Rs 1,000 | Rs 1,226 | Rs 1,000 | Rs 1,333 | Rs 1,000 | Rs 1,500 | Rs 2,000 |
Mathew K. Cherian, Laila Mathew, and Jilu Saju Varghese are the company promoters.
The NCDs proposed to be issued under this Issue have been rated 'IND A-/Stable', by India Ratings & Research Private Limited ("India Ratings").
Last Updated on 2023-02-14T23:30:25+00:00
