Kosamattam Finance is a systemically important non-deposit-taking NBFC that primarily lends money against the pledge of household jewelry (Gold Loans) in Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Delhi, Maharashtra, Gujarat, and Telangana, as well as the Union Territory of Puducherry.
Its Gold Loan portfolio for the fiscal years ending March 31, 2023, March 31, 2022, and March 31, 2021 consisted of 8,82,414; 8,10,711; and 7,18,836 gold loan accounts, respectively. As of March 31, 2023, its gold loan portfolio was worth INR 4,454.08 crore, accounting for 98.68% of its total loan portfolio. The company had a network of 989 branches as of June 30, 2023. Its business operations employed 4,092 people. The company is part of the Kosamattam Group, which is run by Mathew K. Cherian and is
headquartered in Kottayam, Kerala. It is registered with the RBI as a systemically important, non-deposit-taking NBFC (Registration No. B-16.00117 dated 19 December 2013) under Section 45 IA of the RBI Act. It also holds a Full-Fledged Money Changers (FFMC) licence with the number FE.CHN.FFMC.40/2006, dated 7 February 2006, and valid until 28 February 2025.
Kosamattam Finance NCD September 2023 Details
| Subscription Dates | 8 – 22 September 2023 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures |
| Face Value | INR 1,000 per NCD |
| Issue Price | INR 1,000 per NCD |
| Issue Size (Base) | INR 100 crores |
| Overall Issue Size (including oversubscription) | INR 200 crores |
| Minimum Lot Size | 10 NCDs |
| Market Lot | 1 NCD |
| Tenor | 20 months 24 months 30 months 36 months 39 months 48 months 54 months 88 Months |
| Credit Rating | IND A-/Stable |
| Category Reservation | Category 1 (QIB): 10% Category 2 (NII): 10% Category 3 (HNI): 30% Category 4 (Retail): 50% |
| Basis of Allotment | First Come First Serve |
| Listing On | BSE |
Kosamattam Finance NCD September 2023 – Options and Coupon Rates
| Option | Tenure | Interest Payment | Coupon Rate | Effective Yield | Maturity Amount |
|---|---|---|---|---|---|
| Series 1 | 20 months | Cumulative | NA | 8.52% | INR 1,146 |
| Series 2 | 24 months | Monthly | 8.75% | 9.11% | INR 1,000 |
| Series 3 | 30 months | Cumulative | NA | 8.85% | INR 1,236 |
| Series 4 | 36 months | Monthly | 9.25% | 9.65% | INR 1,000 |
| Series 5 | 39 months | Cumulative | NA | 9.25% | INR 1,333 |
| Series 6 | 48 months | Monthly | 10.00% | 10.47% | INR 1,000 |
| Series 7 | 54 months | Cumulative | NA | 9.43% | INR 1,500 |
| Series 8 | 88 months | Cumulative | NA | 9.91% | INR 2,000 |
Kosamattam Finance Non-Convertible Debentures Lead Manager
SMC CAPITALS LIMITED
A-401/402, Lotus Corporate Park,
Off Western Express Highway,
Jai Coach Signal, Goregaon (East),
Mumbai – 400063, Maharashtra
Phone: +91 22 66481818
Email: [email protected]
Website: https://www.smccapitals.com
Kosamattam Finance Non Convertible Debentures Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower B, Plot No – 31 & 32,
Financial District, Nanakramguda,
Serilingampally, Hyderabad Rangareddi,
500 032, Telangana, India
Phone: +91 40 6716 2222
Email: [email protected]
Website: https://www.kfintech.com
Kosamattam Finance NCD Contact Details
KOSAMATTAM FINANCE LIMITED
Kosamattam City Centre,
Floor Number 4th & 5th, T.B Road,
Kottayam – 686001, Kerala
Phone: +91 481 258 6400
Email: [email protected]
Website: https://www.kosamattam.com
Kosamattam Finance NCD Documents
- Kosamattam Finance NCD Prospectus
- Kosamattam Finance NCD Draft Prospectus
- Upcoming NCDs
Kosamattam Finance NCD September 2023 FAQs:
Q1. What is the face value and lot size of Kosamattam Finance NCD September 2023?
Ans. The NCDs will be issued at a face value of INR 1,000 each NCD and the minimum lot size is 10 NCDs.
Q2. What is the frequency of interest payment in Kosamattam Finance NCD September 2023?
Ans. The frequency of payment for Kosamattam Finance NCD is Monthly and cumulative.
Q3. What is the basis of allotment in Kosamattam Finance NCD September 2023 offer?
Ans. Kosamattam Finance NCDs will be allotted on a First Come First Serve Basis.
