The Kosamattam Finance Issue Open has been confirmed from January 1, 2024 – January 12, 2024.
Investors can participate in the Kosamattam Finance Developers IPO, which is valued at Rs 100.00 Crores. Apart from the gold loan, it extends fee-based ancillary services such as microfinance, money transfers, power generation, forex, agriculture, and airline ticketing. As of September 30, 2023, the corporation was operating in 994 locations spanning eight states and one union territory.
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Bidding Dates
January 1-12
Issue Price
Rs 1000 per NCD
Face Value
Rs 1000 each NCD
Market Lot
1 NCD
Kosamattam Finance NCD Face VAlue
The Kosamattam Finance NCD Face Value is Rs 1000 for each NCD.
IPO Overview
Kosamattam Finance Limited is a non-deposit-taking NBFC that primarily extends gold loans. Mathew K. Cherian serves as the chief executive of the Kosamattam Group, directing its activities with the primary base in Kottayam, Kerala. Loans are provided by Kosamattam Finance to businessmen, vendors, dealers, farmers, salaried individuals, and families spanning Kerala, Karnataka, Tamil Nadu, Andhra Pradesh, Maharashtra, Delhi, Gujarat, Telangana, and the Union Territory of Puducherry.
In addition to its gold loan provision, the corporation engages in providing fee-based auxiliary services such as microfinance, money transfers, power generation, foreign currency exchange, agricultural support, and airline booking. By September 30, 2023, it boasted a network of 994 branches across eight states and one union territory.
Kosamattam Finance NCD Detail
| Issue Open | January 1, 2024 – January 12, 2024 |
| Security Name | Kosamattam Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 100.00 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 A-/Stable by India Ratings |
| Tenor | 18, 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 Trustee/s | Vistra Itcl India Limited |
Kosamattam Finance Limited Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 5,444.34 | 4,568.89 |
| Revenue | 782.54 | 624.79 |
| Profit After Tax | 107.05 | 80.00 |
| Net Worth | ||
| Reserves and Surplus | ||
| Total Borrowing | ||
| Amount in ₹ Crore | ||
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 | 18 Months | 24 Months | 30 Months | 36 Months | 39 Months | 48 Months | 54 Months | 88 Months |
| Coupon (% per Annum) | NA | 8.75% | NA | 9.25% | NA | 10.00% | NA | NA |
| Effective Yield (% per Annum) | 8.52% | 9.11% | 9.00% | 9.65% | 9.25% | 10.47% | 9.43% | 9.91% |
| Amount on Maturity (In Rs.) | Rs 1,130.50 | Rs 1,000.00 | Rs 1,240.00 | Rs 1,000.00 | Rs 1,333.00 | Rs 1,000.00 | Rs 1,500.00 | Rs 2,000.00 |
Kosamattam Finance Limited NCD Allocation Ratio
Company Profile
Objects of the Issue
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- For onward lending.
- For repayment of interest and principal of existing debts of the company.
- For general corporate purposes.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | kosamattam.ncd@kfinech.com |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Kosamattam Finance Limited |
| Phone number | +91-481-2586400 |
| Email ID | info@kosamattam.com |
| Website | kosamattam.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
