Kosamattam Finance NCD – April 2024

Kosamattam Finance NCD opens for subscription on 08 April 2024. The company aims for a base issue size of ₹125 Crores.


About the company

The company 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 states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Delhi, Maharashtra, Gujarat, Uttar Pradesh, and Telangana along with the Union Territory of Puducherry.

Its Gold Loan portfolio for FY 2023, 2022, and 2021, comprised 8,82,414; 8,10,711; and 7,18,836, respectively gold loan accounts. As of 31 March 2023, its gold loan portfolio stood at INR 4,454.08 crore which amounted to 98.68% of its total loan portfolio. As of 31 December 2023, the company had a network of 988 branches. It employed 3,818 persons in its business operations. Headquartered in Kottayam in Kerala, the company belongs to the Kosamattam Group led by Mathew K. Cherian.

It is registered with RBI as a systemically important, non-deposit-taking NBFC (Registration No. B-16.00117 dated 19 December 2013) under Section 45 IA of the RBI Act. Further, it also has a Full-Fledged Money Changers (FFMC) license bearing number FE.CHN.FFMC.40/2006 dated 7 February 2006, valid until 28 February 2025.


Objectives of the Issue

  • For onward lending.
  • For repayment of interest and principal of existing debts of the company.
  • For general corporate purposes.

Kosamattam Finance NCD Details

Issue OpenApril 8, 2024 – April 23, 2024
Security NameKosamattam Finance Limited
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base)₹125 Crores
Issue Size (Oversubscription)₹125 Crores
Overall Issue Size₹250 Crores
Issue Price₹1000 per NCD
Face Value₹1000 each NCD
Minimum Lot size10 NCD
Market Lot1 NCD
Listing AtBSE
Credit RatingA-Stable by India Ratings & Research Private Limited (IRRPL)
Tenor18, 24, 30, 36, 39, 48, 54 and 88 Months
SeriesSeries I to VIII
Payment FrequencyMonthly and Cumulative
Basis of AllotmentFirst Come First Serve Basis
Debenture Trustee/sVistra Itcl India Limited

Kosamattam Finance NCD Options and Coupon Rates

OptionTenureInterest PaymentCoupon RateEffective YieldMaturity Amount
Series 118 monthsCumulativeNA8.52%₹ 1,130.50
Series 224 monthsMonthly8.75%9.11%₹ 1,000
Series 330 monthsCumulativeNA9.00%₹ 1,240
Series 436 monthsMonthly9.50%9.92%₹ 1,000
Series 539 monthsCumulativeNA9.42%₹ 1,340
Series 648 monthsMonthly10.00%10.47%₹ 1,000
Series 754 monthsCumulativeNA9.43%₹ 1,500
Series 888 monthsCumulativeNA9.91%₹ 2,000


Kosamattam Finance NCD Rating

The NCDs proposed to be issued under this Issue have been rated ‘A-Stable’, by India Ratings & Research Private Limited.


Company Financials

Period Ended31 Mar 202331 Mar 2022
Assets5,444.344,568.89
Revenue782.54624.79
Profit After Tax107.0580.00
(Amount in ₹ Crore)

Kosamattam Finance NCD Allocation Ratio

Category NCD’s Allocated
Institutional10%
Non-Institutional10%
HNI30%
Retail50%

NCD’s Offered by Category

Category NCD’s Reserved
Institutional125,000
Non-Institutional125,000
HNI375,000
Retail625,000
Total NCD’s1,250,000

Company Promoters

  • Mathew K. Cherian
  • Laila Mathew
  • Jilu Saju Varghese

Lead Manager

SMC CAPITALS LIMITED
A-401/402, Lotus Corporate Park,
Off Western Express Highway,
Jai Coach Signal, Goregaon (East),
Mumbai – 400063, Maharashtra
Phone: +91 22 66481818
Email: kfl.ncd@smccapitals.com
Website: www.smccapitals.com


Kosamattam Finance Registrar

KFIN TECHNOLOGIES LIMITED
Selenium Tower B, Plot No – 31 & 32,
Financial District, Nanakramguda,
Serilingampally, Hyderabad Rangareddi,
500 032, Telangana, India
Phone: +91 40 6716 2222
Email: kosamattam.ncd@kfinech.com
Website: www.kfintech.com


Company Contact Details

KOSAMATTAM FINANCE LIMITED
Kosamattam City Centre,
Floor Number 4th & 5th, T.B Road,
Kottayam – 686001, Kerala
Phone: +91 481 258 6400
Email: cs@kosamattam.com
Website: www.kosamattam.com


Kosamattam Finance NCD Allotment Status

Kosamattam Finance NCD April 2024 allotment status will be updated on the KFin Technologies’ website. Click on this link to get 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

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