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NCD Status: Closed [14th Mar 2022 to 8th Apr 2022]
Kosamattam Finance NCD of Rs. 200 Cr issue size opens for subscription from 14 Mar to 8 April 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 18, 36, 42, 48, 54, 60 and 88 months with a coupon rate ranging 8.75% - 10% per annum. Check more about the Kosamattam Finance NCD Mar 2022 including credit rating, Coupon rates for each series, the basis of allotment, payment frequency, and more.
| NCD Opening Date: | 14th Mar 2022 |
| NCD Closing Date: | 8th Apr 2022 |
| NCD Type: | Secured NCD |
| Issue Size (Base): | Rs 200 Cr |
| Issue Size (Shelf): | Rs 200 Cr |
| Face Value: | Rs 1000 each NCD |
| Issue Price: | Rs 1000 per NCD |
| Market Lot: | 1 NCD |
| Min Order Qty: | 10 NCD NCD |
| Min Order Amount: | Rs 10,000 |
| Listing at: | BSE |
| Tenor: | 18, 36, 42, 48, 54, 60 and 88 months |
| Rating: | IND BBB+/ Stable by India Ratings |
| Series: | Series I to VIII |
| Payment Frequency: | Monthly and Cumulative |
| Basis of Allotment: | First Come First Serve Basis |
| Interest on return: | TBD |
Zerodha Trade@20
| NCD Activity | Date |
|---|---|
| NCD Issue Open | 14th Mar 2022 |
| NCD Issue Close | 8th Apr 2022 |
* - 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, a part of Kosamattam Group, is a non-deposit taking NBFC that provides Gold Loan (lending money against pledging household jewellery) to customers. The business has strong geographical presence in the states of Kerala, Karnataka, Tamil Nadu, Andhra Pradesh, Maharashtra, Delhi, Gujarat, and Telangana along with Union Territory of Puducherry.
It further offers a fee based ancilliary services such as microfinance, money transfer services, power generation, foreign currency exchange, agriculture, and air ticketing services. As of Jan 31, 2022, the company has 990 branch network, more particular, in Southern India.
| Kosamattam Finance Financials (₹ in Lakh) | 30-Sep-2021 | 31-Mar-2021 |
|---|---|---|
| Total Assets | ₹4,48,919.92 | ₹4,02,555.16 |
| Total Income | ₹54,225.97 | ₹29,952.79 |
| Net Profit/Loss | ₹3,664.12 | ₹6,531.58 |
The net proceeds from the NCD will be utilized towards the following objectives;
| Tenure | 18 months | 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 | Cumulative | Monthly | Cumulative | Monthly | Monthly | Cumulative | Monthly | Cumulative |
| Coupon Rate % Per Annum | NA | 8.75% | NA | 9.25% | 9.50% | 'NA | 10% | 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 (%) | 8.04% | 9.11% | 9% | 9.65% | 9.92% | 9.43% | 10.47% | 9.91% |
Mathew K. Cherian, Laila Mathew, and Jilu Saju Varghese are the company promoters.
India Ratings has rated the NCD for Rs. 400 Cr as BBB+ with a stable outlook. Issues with such ratings are considered to have a moderate level of safety regarding timely servicing of financial obligations.
Last Updated on 2022-04-05T12:26:18+00:00
