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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.
| Issue Open | March 30, 2021 - April 23, 2021 |
| Security Name | Kosamattam Finance Limited |
| 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 | 'BWR BBB+' - Outlook Stable, by Brickwork Ratings India Private Limited |
| Tenor | 400 days, 24, 36, 42, 48, 66, 84 months |
| Series | |
| Payment Frequency | |
| 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 | 175,000 |
| Category 2 | 175,000 |
| Category 3 | 525,000 |
| Category 4 | 875,000 |
| Total NCD's | 1,750,000 |
| Series | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 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 | Rs 1,088 | Rs 1,000 | Rs 1,000 | Rs 1,306 | Rs 1,000 | Rs 1,500 | Rs 1,000 | Rs 2,000 |
Mathew K. Cherian, Laila Mathew and Jilu Saju Varghese are the promoters of the company.
The company proposes to utilise the funds which are being raised through the Issue
The Kosamattam Finance NCD March 2021 was subscribed 1.62 times on April 23, 2021 5:00:00 AM. The NCD subscribed .
| Category ? | Subscription (times) |
|---|---|
| Category 4 | 2.84x |
| Category 3 | 0.66x |
| Category 2 (NII) | 0.01x |
| Category 1 (QIB) | 0.00x |
| Total | 1.62x |
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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/
Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Phone: 04067162222, 04079611000
Email: kflncd.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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