Kosamattam Finance Ltd NCD (Kosamattam Finance NCD Feb 2015) Detail

February 10, 2015 - March 11, 2015

Kosamattam Finance Ltd is a Kerala Based NBFC engaged in gold loan business. They lends money against the pledge of household Jewellery in the state of Kerala, Tamilnadu, Karnataka, Andhra Pradesh, Delhi and in the Union Territory of Puducherry.

Kosamattam finance has numerous branches spread across the rural and semi urban localities in the country. Their customers involve people from various strata of life including small business men, entrepreneurs, farmers, retailers and the common man who find it difficult to access credit facilities from banks and other financial institutions due to the hectic procedures involved. They provide Business and Personal Loans secured against Ornaments and Gold.

Kosamattam Finance NCD Feb 2015 Detail

Issue Open	February 10, 2015 - March 11, 2015
Security Name	Kosamattam Finance Ltd
Security Type
Issue Size (Base)	Rs 200.00 Crores
Issue Size (Shelf)	Rs [.] Crores
Issue Price	Rs 1000 per NCD
Face Value	Rs 1000 each NCD
Minimum Lot size	10 NCD
Market Lot	10 NCD
Listing At	BSE
Credit Rating
Tenor
Series
Payment Frequency
Basis of Allotment	First Come First Serve Basis

NCD Allocation Ratio

Category	NCD's Allocated
Category 1	0%
Category 2	0%
Category 3	0%

Company Promoters

The Promoters of the Company are:

1. Mr. Mathew K. Cherian
2. Ms. Laila Mathew
3. Ms. Jilu Saju Vargh

Objects of the Issue

The funds raised through this Issue will be utilised for various financing activities:

1. Repayment of existing loans and towards their business operations including for their capital expenditure;
2. Working capital requirements;
3. General corporate purposes after meeting the expenditures of and related to the Issue.

NCD Rating

Issue is rated CARE BBB- (Triple B minus) by CARE that indicates instruments with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such instruments carry moderate credit risk.

Offerings

The company is coming out with a Secured, redeemable Non-Convertible Debentures having a face value of Rs. 1000 and coupon rates ranging from 11% to 13% and has tenure ranging from 400 days to 70 months and Monthly and Cumulative payment options. Effective yield ranges from 11.75% to 13.80% and thus the offer looks very attractive, but the rating is poor. The company is raising these funds to meet its lending business purpose. Investors can opt for allotment in demat or physical mode, but trading will take place only in demat mode.

Kosamattam Finance NCD Feb 2015 Prospectus

Kosamattam Finance NCD Feb 2015 Rating

2.4

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Kosamattam Finance NCD Feb 2015 Reviews

Dilip Davda - Avoid

Company Contact Information

Kosamattam Finance Ltd
Kosamattam Mathew K Cherian Bld,
Market Junction,
M.L.Road, Kottayam, Kerala

Phone: +91 481 258 6400
Email: cs@kosamattam.com
Website: http://www.kosamattam.com

Kosamattam Finance NCD Feb 2015 Registrar

Kfin Technologies Limited
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India - 500 032.

Phone: 04067162222, 04079611000
Email: kosamattam.ncdipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/