Incorporated in 1987, Kosamattam Finance Limited is a Kerala-based non-deposit-taking NBFC. It works as a gold loan provider against household gold jewelry.
The company has 960 branches, as of February 28, 2021, mainly spread across southern India.
These Gold Loans have a tenure of up to 12 months. The company’s Gold Loan customers are typically businessmen, vendors, traders, farmers, salaried individuals, and families, who for reasons of convenience, accessibility, or necessity, avail of our credit facilities by pledging their gold jewelry.
In addition to the core business of Gold Loan, the company also offer fee-based ancillary services which include microfinance, money transfer services, foreign currency exchange, power generation, agriculture, and air ticketing
services.
Kosamattam Finance NCD March 2021 Detail
| Issue Open | Mar 30, 2021 – Apr 23, 2021 |
| Security Name | Kosamattam Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) and/or Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs) |
| Issue Size (Base) | Rs 175.00 Crores |
| Issue Size (Shelf) | Rs 175.00 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 | ‘BWR BBB+’ – Outlook Stable, by Brickwork Ratings India Private Limited |
| Tenor | 400 days, 24, 36, 42, 48, 66, 84 months |
| Series | |
| Payment Frequency | |
| Basis of Allotment | First Come First Serve Basis |
Coupon Rates for Eash Series
| Series | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 |
|---|---|---|---|---|---|---|---|---|
| Tenor | 400 days | 24 Months | 36 Months | 36 Months | 42 Months | 48 Months | 66 Months | 84 Months |
| Frequency of Interest Payment | Cumulative | Monthly | Monthly | Cumulative | Monthly | Cumulative | Monthly | Cumulative |
| Coupon Rate (Retail) | NA | 8.50% | 9.25% | NA | 10.00 | NA | 10.25% | NA |
| Effective Yield (%) | 8.00% | 8.84% | 9.65% | 9.31% | 10.47% | 10.67% | 10.75% | 10.41% |
| Amount on Maturity | Rs 1,088 | Rs 1,000 | Rs 1,000 | Rs 1,306 | Rs 1,000 | Rs 1,500 | Rs 1,000 | Rs 2,000 |
Company Promoters:
Mathew K. Cherian, Laila Mathew and Jilu Saju Varghese are the promoters of the company.
Objects of the Issue:
The company proposes to utilise the funds which are being raised through the Issue
- For the purpose of onward lending;
- For repayment of interest and principal of existing debts of our Company; and
- For general corporate purposes;
Registrar & Company Details
| Company Contact Information | Kosamattam Finance NCD March 2021 Registrar |
| Kosamattam Finance Limited Kosamattam Mathew K Cherian Building, M. L. Road, Market Junction, Kottayam – 686 001, Kerala, India Phone: +91 481 258 6400 Email: cs@kosamattam.com Website: http://www.kosamattam.com/ | KFintech Private Limited KFintech, Tower-B, Plot No 31 & 32, Financial District, Nanakramguda, Gachibowli, Hyderabad, Telangana India – 500 032. Phone: 04067162222, 04079611000 Email: kflncd.ipo@kfintech.com Website: https://karisma.kfintech.com/ |
