Kosamattam Finance Ltd NCD (Kosamattam Fin NCD December 2020) Detail

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 jewellery across some states in India. The company has a reach in 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.

Offered Services

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.

Total Income

For the last two financial years, KFL has posted a total income of Rs. 475.54 cr. / Rs. 43.15 cr. (FY19) and Rs. 498.49 cr. / Rs. 47.63 cr. (FY20).

The company strengths:

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

    kosamattam finance ncd

    Kosamattam Fin NCD December 2020 Detail

    Issue Open Dec 23, 2020 – Jan 19, 2021
    Security Name Kosamattam Finance Ltd
    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 The NCDs is rated ‘BWR BBB+/Stable’, by Brickwork Ratings India Private Limited.
    Tenor 400 Days and 30/39/48/66/84 Months
    Series
    Payment Frequency Monthly and Cumulative
    Basis of Allotment First Come First Serve Basis

    Kosamattam Fin NCD Allocation Ratio

    Category NCD’s Allocated
    Category 1 (QIB) 0%
    Category 2 (NII) 0%
    Category 3 (HNI) 0%
    Category 4 (RII) 0%

    Kosamattam Fin Coupon Rates

    Coupon Rates for Eash Series

    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 Cumulative Monthly Cumulative
    Tenor 400 Days 30 Months 30 Months 39 Months 48 Months 66 Months 84 Months 84 Months
    Coupon Rate (Retail) NA 9.25% NA 10% NA NA 10.25% NA
    Effective Yield (Per year) 8.50% 9.65% 9.34% 10.47% 10.67% 10.71% 10.75% 10.41%
    Amount on Maturity ₹1,093.50 ₹1,000 ₹1,250 ₹1,000 ₹1,500 ₹1,750 ₹1,000 ₹2,000

    Kosamattam Fin Company Promoters

    Mathew K. Cherian, 

    Laila Mathew 
    Jilu Saju Varghese

    Kosamattam Fin Company Financials

    Summary of financial Information (Restated Consolidated)

    Particulars For the year/period ended (₹ in lakhs)
    31-Mar-20 31-Mar-19
    Total Assets 3,31,795.52 2,97,204.24
    Total Revenue 49,849.12 47,554.47
    Profit After Tax 4,763.01 4,314.63

    Objects of the Issue:

    The objects of the issue are:
    1. For the purpose of onward lending;
    2. For repayment of interest and principal of existing debts of the Company; and
    3. For general corporate purposes.

    Kosamattam Fin NCD December 2020 Prospectus

    Red Herring Prospectus 

    Company Contact Information

    Kosamattam Finance Ltd
    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

     

    Kosamattam Fin NCD December 2020 Registrar

    KFintech Private Limited
    Selenium Building, Tower-B, Plot No 31 & 32,
    Financial District,Nanakramguda, Serilingampally,
    Rangareddi, Telangana India – 500 032.

    Phone: 1-800-3454001
    Email: einward.ris@karvy.com
    Website: https://karisma.kfintech.com/

    Kosamattam Fin NCD December 2020 Lead Manager(s)

    • Karvy Investor Services Limited
    • SMC Capitals Limited 

    Kosamattam Fin NCD December 2020 FAQ’s

    • When is Kosamattam Fin NCD December 2020 public issue coming?

      The Kosamattam Fin NCD December 2020 issue opens on Dec 23, 2020, and closes on Jan 19, 2021, for the subscription.

      Note that the public issue of NCD is closed early in case it is fully subscribed (base + shelf) before its issue closing day.The allotment is done on a First Come First Serve Basis.

    • What is Kosamattam Fin NCD December 2020 timetable?

      Kosamattam Finance Ltd NCD IPO dates are as below:

      Kosamattam Fin NCD December 2020 Issue Timetable

      Bid/Offer Opens On Dec 23, 2020
      Bid/Offer Closes On Jan 19, 2021
      Record Date
      Deemed Date of Allotment

    • Where can I get the Kosamattam Fin NCD December 2020 issue prospectus pdf?

      Sorry, Kosamattam Fin NCD December 2020 DRHP PDF Document is not available at this time.

      Kosamattam Fin NCD December 2020 Red Herring Prospectus (RHP) PDF
    • What is Kosamattam Fin NCD December 2020 price? Tell me the pricing of Kosamattam Finance Ltd NCD issue?

      Kosamattam Fin NCD December 2020 price is set at ₹1000 per NCD.
    • What is the face value of Kosamattam Fin NCD December 2020?

      The NCD’s will be issued at a face value of ₹1000 each NCD.
    • What is the frequency of interest payment for Kosamattam Fin NCD December 2020?

      The frequency of payment for Kosamattam Fin NCD December 2020 is Monthly and Cumulative.
    • Does Kosamattam Fin NCD December 2020 issue consist of Secured NCD’s only?

      No. Issues consist of Secured as well as Unsecured NCD’s.
    • What is the minimum application size for investment in Kosamattam Fin NCD December 2020 public issue?

      Each application should be for a minimum of 10 NCD’s and multiples of 1 NCD thereof.
    • What is Kosamattam Fin NCD December 2020 closing time?

      Kosamattam Fin NCD December 2020 remain open for subscription on working days from 10:00 a.m. to 5:00 p.m until Jan 19, 2021. The bid may close earlier in case it is fully subscribed.

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    %d bloggers like this: