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
services.
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 Open | 30 March 2021 |
| Issue Closing | 23 April 2021 |
| Security Name | Kosamattam Finance Limited |
| Security Type | Secured, 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 size | 10 NCD |
| Market Lot | 1 NCD |
| Credit Rating | ‘BWR BBB+’ – Outlook Stable, by Brickwork Ratings India Private Limited |
| Tenor | 400 days, 24, 36, 42, 48, 66, 84 months |
| Basis of Allotment | First Come First Serve Basis |
| Listing at | BSE |
Coupon Rates
| Series | Series 1 | 2 | 3 | 4 | 5 | 6 | 7 | 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 | ₹ 1,088 | Rs 1,000 | ₹ 1,000 | Rs 1,306 | ₹ 1,000 | Rs 1,500 | ₹ 1,000 | Rs 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’s | 1,750,000 |
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
Website: http://www.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