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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 pledge of household jewellery in Kerala, Karnataka, Tamil Nadu, Andhra Pradesh, Maharashtra, Delhi, Gujarat, and Telangana along with Union Territory of Puducherry.
In addition to gold loan, it also offers fee based ancilliary services such as microfinance, money transfer services, power generation, foreign currency exchange, agriculture, and air ticketing services. As of Jan 31, 2022, it has a network of 990 branches with significant market presence in Southern India.
Competitive strengths
| Issue Open | March 14, 2022 - April 8, 2022 |
| 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 BBB+/ Stable by India Ratings |
| Tenor | 18, 36, 42, 48, 54, 60 and 88 months |
| Series | Series I to VIII |
| Payment Frequency | Monthly and Cumulative |
| Basis of Allotment | First Come First Serve Basis |
Category  |
NCD's Allocated |
|---|---|
| Category 1 | 0% |
| Category 2 | 0% |
| Category 3 | 0% |
| Category |
NCD's Reserved |
|---|---|
| Category 1 | 200,000 |
| Category 2 | 200,000 |
| Category 3 | 600,000 |
| Category 4 | 1,000,000 |
| Total NCD's | 2,000,000 |
| Options | I | II | III | IV | V | VI | VII | VIII | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Nature | Secured NCDs | |||||||||
| Tenure | 18 months | 36 months | 36 Months | 42 months | 48 months | 54 months | 60 months | 88 months | ||
| Frequency of Interest Payment | Cumulative | Monthly | Cumulative | Monthly | Monthly | Cumulative | Monthly | Cumulative | ||
| Minimum Application | 10,000 (10 NCDs) | |||||||||
| In Multiples of | 1 NCD after minimum application | |||||||||
| Face Value of NCDs (Rs /NCD) | Rs 1000 (1 NCD) | |||||||||
| Issue Price (Rs /NCD) | Rs 1000 (1 NCD) | |||||||||
| Mode of Interest Payment/Redemption | Through various options available | |||||||||
| Coupon Rate % Per Annum | NA | 8.75% | NA | 9.25% | 9.50% | 'NA | 10% | NA | ||
| Coupon Type | Fixed | |||||||||
| Redemption Amount (₹ /NCD) for Debenture Holders (%) | 1,123 | 1,000 | 1,295 | 1,000 | 1,000 | 1,500 | 1,000 | 2,000 | ||
| Effective Yield (%) | 8.04% | 9.11% | 9% | 9.65% | 9.92% | 9.43% | 10.47% | 9.91% | ||
| Put and Call Option | NA | |||||||||
The NCDs proposed to be issued under this Issue have been rated "IND BBB+/Stable by Indian Ratings & Research Pvt Ltd for an amount of Rs. 400 crores. Instruments with such ratings are considered to have a moderate degree of safety regarding timely servicing of financial obligations therefore, carry moderate credit risk.
Mathew K. Cherian, Laila Mathew, and Jilu Saju Varghese are the company promoters.
| Particulars | For the year/period ended (Rs in Lakhs) | ||||
|---|---|---|---|---|---|
| 30-Sep-21 | 31-Mar-21 | ||||
| Total Assets | 4,48,919.92 | 4,02,555.16 | |||
| Total Revenue | 54,225.97 | 29,952.79 | |||
| Profit After Tax | 3,664.12 | 6,531.58 | |||
The NCD purposes to raise funds for the following purposes;
The Kosamattam Finance NCD Mar 2022 was subscribed 2.10 times on April 8, 2022 1:00:00 AM. The NCD subscribed .
| Category ? | Subscription (times) |
|---|---|
| Category 4 | 3.42x |
| Category 3 | 1.29x |
| Category 2 (NII) | 0.03x |
| Category 1 (QIB) | 0.00x |
| Total | 2.10x |
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Kosamattam Finance Limited
Kosamattam Mathew K. Cherian Building, M. L. Road,
Kottayam - 686 001, Kerala, India
Phone: +91 481 258 6400
Email: cs@kosamattam.com
Website: https://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: einward.ris@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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