Ad www.AngelOne.in
FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Ad www.AngelOne.in
NCD Status: Closed [1st Jan 2024 to 12th Jan 2024]
Kosamattam Finance Limited is issuing secured and redeemable NCDs with a base issue size of Rs 100.00 Cr and shelf issue size of Rs 200.00 Cr. The subscription period is opening from 1 Jan 2024 to 12 Jan 2024 and the company is issuing Series I to VIII at an issue price of Rs. 1000 per NCD. The lot size of NCD is about of 10 lots, so the total cost for NCD is Rs 10,000. The face value of each NCD is Rs. 1000. The tenure of the NCDs is 18, 24, 30, 36, 39, 48, 54, and 88 months with a coupon rate of 8.52% to 10.47% per annum.
Learn more about Kosamattam Finance Limited including credit rating, coupon rates for each series, basis of allotment, payment frequency and more.
| NCD Opening Date: | 1st Jan 2024 |
| NCD Closing Date: | 12th Jan 2024 |
| NCD Type: | Secured NCD |
| Issue Size (Base): | ₹100.00Cr |
| Issue Size (Shelf): | ₹200.00Cr |
| Face Value: | Rs 1000 each NCD |
| Issue Price: | Rs 1000 per NCD |
| Market Lot: | 1 NCD |
| Min Order Qty: | 10 NCD |
| Min Order Amount: | Rs 10000 |
| Listing at: | BSE |
| Tenor: | 18, 24, 30, 36, 39, 48, 54, and 88 months |
| Rating: | IND A-/Stable by India Ratings |
| Series: | Series I to VIII |
| Payment Frequency: | Monthly and Cumulative |
| Basis of Allotment: | |
| Interest on return: |
Zerodha Trade@20
| NCD Activity | Date |
|---|---|
| NCD Issue Open | 1st Jan 2024 |
| NCD Issue Close | 12th Jan 2024 |
| BSE Code: | 3254 |
| BSE Script Symbol: | KFL29 |
* - Tentative Dates
| Category Name | NCD's Reserved | NCD's Allocated |
|---|---|---|
| Institutional | 100000 | 10% |
| Non-Institutional | 100000 | 10% |
| HNI | 300000 | 30% |
| Retail | 500000 | 50% |
Kosamattam Finance Limited was incorporated in 1987 and is a non-deposit-taking NBFC – Middle Layer operating primarily in the states of “Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Delhi, Maharashtra, Gujarat, Uttar Pradesh and Telangana and in the Union Territory of Puducherry in the business of gold lending and lending against pledge of household ornaments ("Gold Loans").
Gold loan is the most important product in our company's product range. Our Gold Loan customers are typically businessmen, vendors, traders, farmers, employees and families who, for reasons of convenience, accessibility or necessity, avail of our credit facilities by pledging their gold jewellery with us under our various Gold Loan programmes. These gold loan programs are designed to offer higher gramme values at higher interest rates and vice versa, subject to applicable laws. This allows our customers to choose the gold loan programme that best suits their needs.
In addition to the core business of gold lending, we also offer fee-based ancillary services including microfinance, money transfer, foreign exchange, power generation, agriculture and air ticketing.
Kosamattam Finance Limited's revenue increased by 25.25% and profit after tax (PAT) rose by 33.82% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 5,444.34 | 4,568.89 |
| Revenue | 782.54 | 624.79 |
| Profit After Tax | 107.05 | 80.00 |
| Net Worth | ||
| Reserves and Surplus | ||
| Total Borrowing | ||
| Amount in ₹ Crore | ||
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
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 | 18 Months | 24 Months | 30 Months | 36 Months | 39 Months | 48 Months | 54 Months | 88 Months |
| Coupon (% per Annum) | NA | 8.75% | NA | 9.25% | NA | 10.00% | NA | NA |
| Effective Yield (% per Annum) | 8.52% | 9.11% | 9.00% | 9.65% | 9.25% | 10.47% | 9.43% | 9.91% |
| Amount on Maturity (In Rs.) | Rs 1,130.50 | Rs 1,000.00 | Rs 1,240.00 | Rs 1,000.00 | Rs 1,333.00 | Rs 1,000.00 | Rs 1,500.00 | Rs 2,000.00 |
The promoters of the company are Mathew K. Cherian, Laila Mathew and Jilu Saju Varghese.
The NCDs proposed to be issued under this Issue have been rated 'IND A-/Stable', by India Ratings & Research Private Limited.
Last Updated on 2024-01-15T05:32:58+00:00
