Kosamattam Finance Ltd is a non-deposit-taking NBFC that primarily lends money against assurances of household Jewellery in Kerala, Karnataka, Tamil Nadu, Andhra Pradesh, Maharashtra, Delhi, Gujarat, and Telangana, as well as the Union Territory of Puducherry.
It provides fee-based additional services such as microfinance, money transfer services, power generation, foreign currency exchange, agriculture, and aviation ticketing services in addition to the gold loan. It has a network of 997 branches and an extensive market presence in Southern India as of October 31, 2022. Its Gold Loan portfolio for the six months ended 30 September 2022, and financial years ended 31 March 2022, 31 March 2021, 31 March 2020, and 31 March 2020, respectively, included 8,71,389; 8,10,711; 7,18,836; and 7,07,856 gold loan accounts.
For the six months concluding September 30, 2022, its gold loan portfolio was INR 3,951.09 crore, accounting for 98.88% of its entire loans portfolio. Under Section 45 IA of the RBI Act, it is registered with the RBI as a systemically important, non-deposit-taking NBFC (Registration No. B-16.00117 dated 19 December 2013). It also holds a Full-Fledged Money Changers (FFMC) license with the number FE.CHN.FFMC.40/2006, granted on February 7, 2006, and valid until February 28, 2025.
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.
- Part of Kosamattam Group, one of the leading financial service groups in South India.
- Branch network in rural and semi-urban areas in South India.
- Organized and efficient IT infrastructure.
- Experienced management team and skilled personnel.
Kosamattam Finance NCD April 2023 Detail
| Issue Open | Apr 11, 2023 – Apr 25, 2023 |
| Security Name | Kosamattam Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 150.00 Crores |
| Issue Size (Shelf) | Rs 300.00 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 by India Ratings |
| Tenor | 15, 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 Trusties | Vistra Itcl India Limited |
NCD Allocation Ratio
| Category | NCD’s Allocated |
|---|---|
| Institutional | 10% |
| Non-Institutional | 10% |
| HNI | 30% |
| Retail | 50% |
NCD’s Offered by Category
| Category | NCD’s Reserved |
|---|---|
| Institutional | 150,000 |
| Non-Institutional | 150,000 |
| HNI | 450,000 |
| Retail | 750,000 |
| Total NCD’s | 1,500,000 |
Kosamattam Finance Limited NCD 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 | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 15 Months | 24 Months | 30 Months | 36 Months | 39 Months | 48 Months | 54 Months | 88 Months |
| Coupon (% per Annum) | NA | 8.75% | NA | 9.00% | NA | 9.50% | NA | NA |
| Effective Yield (% per Annum) | 8.50% | 9.11% | 8.85% | 9.38% | 9.25% | 9.92% | 9.43% | 9.91% |
| Amount on Maturity (In Rs.) | Rs 1,107.40 | Rs 1,000.00 | Rs 1,236.00 | Rs 1,000.00 | Rs 1,333.00 | Rs 1,000.00 | Rs 1,500.00 | Rs 2,000.00 |
NCD Rating
The NCDs proposed to be issued under this Issue have been rated ‘IND A-/Stable’, by India Ratings & Research Private Limited.
Company Promoters
Mathew K. Cherian, Laila Mathew, and Jilu Saju Varghese are the company promoters.
Kosamattam Finance Limited Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-20 | 3,297.45 | 499.33 | 47.66 | 420.44 |
| 31-Mar-21 | 4,006.16 | 541.84 | 65.25 | 520.56 |
| 31-Mar-22 | 4,544.11 | 624.79 | 78.92 | 657.00 |
Objects of the Issue
The company proposes to utilize the funds towards funding the following objects:
- For the purpose of onward lending;
- For repayment of interest and principal of existing debts of our Company;
- For general corporate purposes;
Kosamattam Finance NCD April 2023 Subscription Status
The Kosamattam Finance NCD April 2023 was subscribed 1.09 times on Apr 25, 2023 1:00:00 AM. The NCD subscribed 0.00 times in Retail, 3.62 times in HNI, 0.00 times in Non-Institutional, and 0.00 times in the Institutional category.
| Category | Subscription (times) |
|---|---|
| Retail | 0.00x |
| HNI | 3.62x |
| Non-Institutional | 0.00x |
| Institutional | 0.00x |
| Total | 1.09x |
Company Contact Information
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: http://www.kosamattam.com
Kosamattam Finance NCD April 2023 Registrar
Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://karisma.kfintech.com
Kosamattam Finance NCD April 2023 Lead Manager(s)
- Smc Capitals Limited
Kosamattam Finance NCD April 2023 FAQs
Q1. What is the face value and lot size of Kosamattam Finance NCD April 2023?
Ans. The NCDs will be issued at 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 April 2023?
Ans. The frequency of payment for Kosamattam Finance NCD is Monthly & Cumulative.
Q3. What is basis of allotment in Kosamattam Finance NCD April 2023 offer?
Ans. Kosamattam Finance NCDs will be allotted on a First Come First Serve Basis.
