The Kosamattam Finance Issue Open has been confirmed from April 8, 2024 – April 23, 2024. Read the post to learn about Kosamattam Finance NCD.
Investors can participate in the Kosamattam Finance Developers IPO, which is valued at Rs 100.00 Crores. Apart from the gold loan, it extends figure- based ancillary services similar as microfinance, money transfers, power generation, forex, agriculture, and airline ticketing. As of September 30, 2023, the pot was operating in 994 locations spanning eight states and one union territory.
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Key Details Of Kosamattam Finance
Bidding Dates
April 8-23
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.
Kosamattam Finance NCD Overview
Kosamattam Finance Limited is a non-deposit-taking NBFC that primarily extends gold loans. MatthewK. Cherian serves as the principal 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 gauging 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 furnishing fee- grounded supplementary services similar as microfinance, money transfers, power generation, foreign currency exchange, agrarian 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 | April 8, 2024 – April 23, 2024 |
| Security Name | Kosamattam Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 125.00 Crores |
| Issue Size (Oversubscription) | Rs 125.00 Crores |
| Overall Issue Size | Rs 250.00 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 | A-Stable by India Ratings & Research Private Limited (IRRPL) |
| 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 |
| 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 | 9.50% | NA | 10.00% | NA | NA |
| Effective Yield (% per Annum) | 8.52% | 9.11% | 9.00% | 9.92% | 9.42% | 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 1,340.00 | 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 organization plans to use the net proceeds from the offering to finance the following objects :
- For onward advancing.
- For the repayment of interest and principal on the company’s being obligations.
- For general corporate purposes.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | [email protected] |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Kosamattam Finance Limited |
| Phone number | +91-481-2586400 |
| Email ID | [email protected] |
| 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.
