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Kosamattam Finance Ltd is a non-deposit-taking NBFC that is primarily engaged in the business of Gold Loan, lending money against pledges of household Jewellery in Kerala, Karnataka, Tamil Nadu, Andhra Pradesh, Maharashtra, Delhi, Gujarat, and Telangana along with Union Territory of Puducherry.
In addition to the gold loan, it also offers fee-based ancillary services such as microfinance, money transfer services, power generation, foreign currency exchange, agriculture, and air ticketing services. As of October 31, 2022, it has a network of 997 branches with a significant market presence in Southern India.
Competitive strengths
The company belongs to the Kosamattam, Group led by Mathew K. Cherian. The company is headquartered in Kottayam in the state of Kerala.| Issue Open | December 14, 2022 - January 13, 2023 |
| Security Name | Kosamattam Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 200.00 Crores |
| Issue Size (Shelf) | Rs 200.00 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 | IND A-/Stable |
| Tenor | 18, 24, 30, 36, 39, 48, 54 and 88 Months |
| Series | Series I to VIII |
| Payment Frequency | Monthly and Cumulative |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee/s | Vistra Itcl India Limited |
Category  |
NCD's Allocated |
|---|---|
| Institutional | 10% |
| Non-Institutional | 10% |
| HNI | 30% |
| Retail | 50% |
| Category |
NCD's Reserved |
|---|---|
| Institutional | 200,000 |
| Non-Institutional | 200,000 |
| HNI | 600,000 |
| Retail | 1,000,000 |
| Total NCD's | 2,000,000 |
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 | |||||||
| Tenor | 18 Months | 36 months | 30 months | 36 months | 39 months | 48 months | 54 months | 88 months |
| Coupon Rate | NA | 8.50% | NA | 9.00% | NA | 9.50% | NA | NA |
| Effective Yield (% per Annum) | 8.00% | 8.57% | 8.49% | 9.38% | 9.25% | 9.92% | 9.43% | 9.91% |
| Amount on Maturity | Rs 1,122.40 | Rs 1,000 | Rs 1,226 | Rs 1,000 | Rs 1,333 | Rs 1,000 | Rs 1,500 | Rs 2,000 |
The NCDs proposed to be issued under this Issue have been rated 'IND A-/Stable', by India Ratings & Research Private Limited ("India Ratings").
Mathew K. Cherian, Laila Mathew, and Jilu Saju Varghese are the company promoters.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-20 | 3297.45 | 499.33 | 47.66 | 420.44 |
| 31-Mar-21 | 4006.16 | 541.84 | 65.25 | 520.56 |
| 31-Mar-22 | 4544.1 | 624.79 | 78.92 | 657 |
| Amount in ₹ Crore | ||||
The company proposes to utilise the funds which are being raised through the Issue:
1. For the purpose of onward lending.
2. For repayment of interest and principal of existing debts of the Company.
3. For general corporate purposes.
The Kosamattam Finance NCD Dec 2022 was subscribed 1.49 times on January 10, 2023 1:00:00 AM. The NCD subscribed 2.51 times in Retail, 0.77 times in HNI, 0.01 times in Non-Institutional, and 0.00 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 2.51x |
| HNI | 0.77x |
| Non-Institutional | 0.01x |
| Institutional | 0.00x |
| Total | 1.49x |
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Kosamattam Finance Limited
Kosamattam City Centre,
Floor Number 4th & 5th,
T.B Road, Kottayam - 686001, Kerala
Phone: +91 481 258 6400
Email: cs@kosamattam.com
Website: http://www.kosamattam.com/
Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Phone: 04067162222, 04079611000
Email: kosamattam.ncdipo24@kfinech.com
Website: https://kosmic.kfintech.com/ipostatus/
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