Kosamattam Finance NCD opens for subscription on 19 July 2024. The company aims for a base issue size of ₹100 Crores.
About the company
Kosamattam Finance Limited is a non-deposit-taking NBFC primarily engaged in the business of gold loans. The company is part of the Kosamattam Group, which is headed by Mathew K. Cherian. The head office of the company is located in Kottayam in the state of Kerala. Kosamattam Finance provides loans against pledge of household ornaments to businessmen, vendors, traders, farmers, employees, and families in Kerala, Karnataka, Tamil Nadu, Andhra Pradesh, Maharashtra, Delhi, Gujarat and Telangana and the Union Territory of Puducherry.
In addition to the gold loan, it also offers fee-based additional services such as microfinance, money transfer services, power generation, foreign currency exchange, agriculture, and air ticketing services. As of March 31, 2024, the company had 986 branches in Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Delhi, Maharashtra, Gujarat, Uttar Pradesh, Telangana and the Union Territory of Puducherry and employed over 3842 people.
Objectives of the Issue
- For the purpose of onward lending.
- For repayment of interest and principal of existing debts of the company.
- For general corporate purposes.
Kosamattam Finance NCD Details
| Issue Open | July 19, 2024 – August 1, 2024 |
| Security Name | Kosamattam Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | ₹ 100.00 Crores |
| Issue Size (Oversubscription) | ₹ 100.00 Crores |
| Overall Issue Size | ₹ 200.00 Crores |
| Issue Price | ₹ 1000 per NCD |
| Face Value | ₹ 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE |
| Credit Rating | IND A-/Stable by India Ratings & Research Private Limited (IRRPL). |
| Tenor | 18, 24, 30, 36, 39, 48, 60 and 84 months |
| Series | Series I to VIII |
| Payment Frequency | Monthly and Cumulative |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee/s | Vistra Itcl India Limited |
Kosamattam Finance NCD Options and 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 | 60 Months | 48 Months | 84 Months |
| Coupon (% per Annum) | NA | 9.25% | NA | 10.00% | NA | 10.25% | NA | NA |
| Effective Yield (% per Annum) | 9.00% | 9.65% | 9.41% | 10.47% | 9.75% | 10.75% | 10.67% | 10.41% |
| Amount on Maturity (In Rs.) | ₹ 1,138.00 | ₹ 1,000.00 | ₹ 1,252.00 | ₹ 1,000.00 | ₹ 1,353.00 | ₹ 1,000.00 | ₹ 1,500.00 | ₹ 2,000.00 |
Kosamattam Finance NCD Rating
The NCDs proposed to be issued under this Issue have been rated “IND A-/Stable”, by India Ratings & Research Private Limited (“IRRPL”) for an amount up to ₹ 20,000 lakhs.
Company Financials
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5,444.34 | 4,568.89 | 4,025.55 |
| Revenue | 782.54 | 624.79 | 541.84 |
| Profit After Tax | 107.05 | 80.00 | 65.32 |
Kosamattam Finance NCD Allocation Ratio
NCD’s Offered by Category
| Category | NCD’s Reserved |
|---|---|
| Institutional | 100,000 |
| Non-Institutional | 100,000 |
| HNI | 300,000 |
| Retail | 500,000 |
| Total NCD’s | 1,000,000 |
Company Promoters
- Mathew K. Cherian
- Laila Mathew
- Jilu Saju Varghese
Kosamattam Finance NCD Lead Manager
- SMC Capitals Limited
Kosamattam Finance NCD Registrar
Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Phone: 04067162222, 04079611000
Email: kosamattam.ncdipo24@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Company Contact Details
Kosamattam Finance Limited
Kosamattam City Centre,
Floor Number 4th & 5th, T.B Road,
Kottayam – 686001
Phone: +91 481 258 6400
Email: info@kosamattam.com
Website: http://www.kosamattam.com/
Kosamattam Finance NCD Allotment Status
Final Thoughts
Non-convertible debentures (NCDs) are a better investment option for those seeking a diversified portfolio. investing in Kosamattam Finance NCD is purely your personal choice. make a good study and analysis before you make the investment decision.
Happy Investing
