Kosamattam Finance NCD March 2021

Kosamattam Finance NCD March 2021

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Kosamattam Finance NCD March 2021 will open for subscription from 30 March 2021 to 23 April 2021. the company aims for a Base Issue Size of ₹175 Crores and a shelf Issue size of ₹175 through this NCD Issue.

Kosamattam Finance Limited

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

Objects of the Issue

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

NCD Details

Issue Open30 March 2021
Issue Closing23 April 2021
Security NameKosamattam Finance Limited
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs) and/or Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs)
Base Issue Size₹175 Crores
Issue Size (Shelf)₹175 Crores
Issue Price₹ 1000 per NCD
Face Value₹ 1000 for each NCD
Minimum Lot size10 NCD
Market Lot1 NCD
Credit Rating‘BWR BBB+’ – Outlook Stable, by Brickwork Ratings India Private Limited
Tenor400 days, 24, 36, 42, 48, 66, 84 months
Basis of AllotmentFirst Come First Serve Basis
Listing atBSE

Coupon Rates

SeriesSeries 12345678
Tenor400 days24 Months36 Months36 Months42 Months48 Months66 Months84 Months
Frequency of Interest PaymentCumulativeMonthlyMonthlyCumulativeMonthlyCumulativeMonthlyCumulative
Coupon Rate (Retail)NA8.50%9.25%NA10.00NA10.25%NA
Effective Yield (%)8.00%8.84%9.65%9.31%10.47%10.67%10.75%10.41%
Amount on Maturity₹ 1,088Rs 1,000₹ 1,000Rs 1,306₹ 1,000Rs 1,500₹ 1,000Rs 2,000

NCD’s Offered

NCD’s offered in each investor 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

Company Promoters

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

NCD Lead Managers

  • Karvy Investor Services Limited
  • SMC Capitals Limited

Company Contact Information

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

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 March 2021 is purely your personal choice. make a good study and analysis before you make the investment.

Happy Investing

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