Kosamattam Finance Ltd operates as a noteworthy non-deposit-taking NBFC, specializing predominantly in Gold Loans. The company extends financial support by leveraging household jewelry as collateral, serving clients across regions including Kerala, Karnataka, Tamil Nadu, Andhra Pradesh, Maharashtra, Delhi, Gujarat, Telangana, and the Union Territory of Puducherry.
In addition to its core gold loan offering, Kosamattam Finance provides a range of fee-based ancillary services, enriching its portfolio. These encompass microfinance, money transfer services, power generation, foreign currency exchange, agricultural support, and air ticketing services. As of October 31, 2022, the company has fostered a robust network of 997 branches, securing a prominent market presence particularly in Southern India.
Kosamattam Finance Ltd’s competitive strengths are underscored by its affiliation with the renowned Kosamattam Group, led by Mathew K. Cherian. Headquartered in Kottayam, Kerala, the company is integral to one of the premier financial service groups in South India. Its branch network, strategically positioned in rural and semi-urban locales across South India, further amplifies its competitive edge. Backed by an organized and efficient IT infrastructure, an experienced management team, and a skilled workforce, Kosamattam Finance Ltd confidently forges ahead in the financial landscape.
Kosamattam Finance NCD April 2023 Detail #
| Issue Open | Apr 11, 2023 – Apr 25, 2023 |
| Security Name | Kosamattam Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 150.00 Crores |
| Issue Size (Shelf) | Rs 300.00 Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE |
| Credit Rating | IND A-/Stable by India Ratings |
| Tenor | 15, 24, 30, 36, 39, 48, 54, and 88 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 Limited NCD 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 | 15 Months | 24 Months | 30 Months | 36 Months | 39 Months | 48 Months | 54 Months | 88 Months |
| Coupon (% per Annum) | NA | 8.75% | NA | 9.00% | NA | 9.50% | NA | NA |
| Effective Yield (% per Annum) | 8.50% | 9.11% | 8.85% | 9.38% | 9.25% | 9.92% | 9.43% | 9.91% |
| Amount on Maturity (In Rs.) | Rs 1,107.40 | Rs 1,000.00 | Rs 1,236.00 | Rs 1,000.00 | Rs 1,333.00 | Rs 1,000.00 | Rs 1,500.00 | Rs 2,000.00 |
NCD Rating #
The NCDs proposed to be issued under this Issue have been rated ‘IND A-/Stable’, by India Ratings & Research Private Limited.
Company Promoters #
Mathew K. Cherian, Laila Mathew, and Jilu Saju Varghese are the company promoters.
Company Financials #
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-20 | 3,297.45 | 499.33 | 47.66 | 420.44 |
| 31-Mar-21 | 4,006.16 | 541.84 | 65.25 | 520.56 |
| 31-Mar-22 | 4,544.11 | 624.79 | 78.92 | 657.00 |
| Amount in ₹ Crore | ||||
Objects of the Issue #
The company proposes to utilize the funds towards funding the following objects:
- For the purpose of onward lending;
- For repayment of interest and principal of existing debts of our Company;
- For general corporate purposes;
Kosamattam Finance NCD April 2023 Prospectus #
Kosamattam Finance NCD April 2023 Subscription Status #
The Kosamattam Finance NCD April 2023 was subscribed 1.09 times on Apr 25, 2023 1:00:00 AM. The NCD subscribed 0.00 times in Retail, 3.62 times in HNI, 0.00 times in Non-Institutional, and 0.00 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 0.00x |
| HNI | 3.62x |
| Non-Institutional | 0.00x |
| Institutional | 0.00x |
| Total | 1.09x |
Check Day by Day Bidding Details
Company Contact Information #
Kosamattam City Centre,
Floor Number 4th & 5th,
T.B Road, Kottayam – 686001, KeralaPhone: +91 481 258 6400
Email: cs@kosamattam.com
Website: http://www.kosamattam.com/
Kosamattam Finance NCD April 2023 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.ncd@kfinech.com
Website: https://kosmic.kfintech.com/ipostatus/
