Kosamattam Finance NCD

Kosamattam Finance NCD dates, price, details

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Kosamattam Finance NCD is opening for subscription on 23rd December 2020. NCD interest rates are up to 10.25% and the yield works out to be 10.75%. the company offers these bonds for the tenure of 400 days to 84 months.

Kosamattam Finance Ltd

The company Incorporated in 1987, Kerala based Kosamattam Finance Limited is a non-deposit taking NBFC and works as a gold loan provider against the household gold jewelry across some states in India. The company has a reach in the Union Territory of Puducherry, Maharashtra, Delhi, Andhra Pradesh, Karnataka, Telangana, Gujarat, Tamil Nadu, and Kerala.

Kosamattam Finance Limited is registered with RBI as an NBFC and also has a Full-Fledged Money Changers (FFMC) license. The company also holds a certificate of registration to work as a Depository Participant and Corporate Agent. The gold loan is the primary business of the company. The company also provides other miscellaneous services such as air ticketing, agriculture, power generation, foreign currency exchange, money transfer, and microfinance services.

Competitive strengths

  • Good network across some Indian states.
  • An effective risk management system.
  • Efficient IT Infrastructure in branches.
  • Strong customer base.

Objectives of the Issue

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

Kosamattam Finance NCD Details

Issue Open23 Dec 2020
Issue Closing19 Jan 2021
Security NameKosamattam Finance Ltd
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Base Issue Size₹ 175Crores
Issue Size (Shelf)₹ 175 Crores
Total Issue size₹175 Crores
Issue Price₹ 1000 per NCD
Face Value₹ 1000 for each NCD
Minimum Lot size10 NCD
Market Lot1 NCD
Credit RatingBWR BBB+/Stable
Tenor400 Days and 30/39/48/66/84 Months
Payment FrequencyMonthly and Cumulative
Basis of AllotmentFirst Come First Serve Basis
Listing AtBSE

NCD’s Offered by category

Category NCD’s Reserved
Category 1 (QIB)175,000
Category 2 (NII)175,000
Category 3 (HNI)525,000
Category 4 (RII)875,000
Total NCD’s1,750,000

Financial summary

ParticularsFor the year/period ended (₹ in lakhs)
Total Assets3,31,795.522,97,204.24
Total Revenue49,849.1247,554.47
Profit After Tax4,763.014,314.63

Coupon Rates

Series 1
Series 2Seris 3Seris 4Seriess 5Series 6Seriess 7Seris 8
Frequency of Interest PaymentCumulativeMonthlyCumulativeMonthlyCumulativeCumulativeMonthlyCumulative
Tenor400 Days30 Months30 Months39 Months48 Months66 Months84 Months84 Months
Coupon Rate (Retail)NA9.25%NA10%NANA10.25%NA
Effective Yield (Per year)8.50%9.65%9.34%10.47%10.67%10.71%10.75%10.41%
Amount on Maturity1,093.501,0001,2501,0001,5001,7501,0002,000

Kosamattam Finance NCD Lead Managers

  • Karvy Investor services ltd
  • SMC capitals ltd

Kosamattam Finance NCD Debenture Trustee

The IL&FS Financial Center, Plot No. C
– 22, G Block, Bandra Kurla Complex
Bandra (East), Mumbai – 400 051
Maharashtra, India
Tel: +91 22 2659 3333 Fax: +91 22 2653 3297
Website: www.vistraitcl.com

Kosamattam Finance NCD Registrar

Karvy Selenium, Tower B, Plot 31-32,
Financial District, Nanakramguda,
Serilingampally, Rangareddy
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
Fax: +91 40 2343 1551
Website: www.karvyfintech.com

Final Thoughts

Non Convertible Debentures (NCD) is a better investment option for those who are looking for a diversified portfolio. investing in Kosamattam Finance NCD is purely your personal choice. make a good study and analysis before you make the investment.

Happy Investing

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