Kosamattam Finance Limited NCD: Important Details About NCD

Kosamattam Finance Limited NCD issue opens on Friday, July 19, 2024 and closes on Thursday, August 1, 2024. It is a Secured, Redeemable, Non-Convertible Debentures. The overall issue size is Rs 200 crores. The NCD issue price is Rs 1000 per NCD, and the face value is Rs 1000 for each NCD. The minimum lot size is 10 NCD. The allotment is on a first-come, first-serve basis. The listing is at BSE (Bombay Stock Exchange), and the tenor is of 18, 24, 30, 36, 39, 48, 60 and 84 months. The lead manager of Kosamattam Finance Limited NCD is SMC Capitals Limited, and the registrar for this NCD is Kfin Technologies Limited.

Also Read | SMC Global Securities NCD: All Important Details Discussed

About Kosamattam Finance Limited

Kosamattam Finance Limited, part of the Kosamattam Group is under the leadership of Mathew K. Cherian. It is non-deposit-taking NBFC specializing in gold loans. Headquartered in Kottayam, Kerala, the company offers loans against household ornaments to various clients across Kerala, Karnataka, Tamil Nadu, Andhra Pradesh, Maharashtra, Delhi, Gujarat, Telangana, and the Union Territory of Puducherry.

Besides gold loans, Kosamattam Finance provides additional fee-based services, including microfinance, money transfer, power generation, foreign currency exchange, agriculture, and air ticketing services. As of March 31, 2024, the company operated 986 branches across multiple states and employed over 3,842 people.

Objectives of the Kosamattam Finance NCD Issue

The company has some strategic initiatives planned to be funded out of the net proceeds from the issue. A substantial portion of the funds would be deployed for onward lending purposes. Apart from this, it will use part of the proceeds to repay interest as well as principal of existing debts, to increase the financial health of the company. The remaining amount is to be used for general corporate purposes.

Financial Performance of Kosamattam Finance Limited (Amt in Rs Crore)

Kosamattam Finance Limited reported a revenue of Rs 782.54 crore and profit after tax of Rs 107.05 crore for the period ending on March 31 2023. The company’s revenue increased by 25.25%, and net profit rose by 33.82% between FY 22-23.

Important Details of Kosamattam Finance Limited NCD 2024

Coupon Rates of Kosamattam Finance Limited NCD 2024

NCD Rating

The credit rating agency IRRPL has assigned a rating of "IND A-/Stable" for this NCD. This rating applies to NCDs with a total value of up to Rs 200 Crores. 

How do I apply for Kosamattam Finance Limited NCD?

Wait for the NCD to open for subscription, then click here to apply for this NCD.

FAQs

1.  When will the Kosamattam Finance Limited NCD be open for subscription?

Kosamattam Finance Limited NCD issue will open on Friday July 19, 2024 and will close on Thursday August 1, 2024.

2.  What is the issue size and price of the NCD?

The overall issue size of subscription is Rs 200 crores. Kosamattam Finance NCD issue price is Rs 1000 per NCD and face value is Rs 1000 each NCD. The minimum lot size is 10 NCD.

3.  What are the main objectives of the Kosamattam Finance Limited NCD?

The company plans to allocate net proceeds into various initiatives. A substantial portion of the funds would be deployed for onward lending purposes. Apart from this, it will use part of the proceeds to repay interest as well as principal of existing debts. The remaining amount is to be used for general corporate purposes.

4.  How has Kosamattam Finance Limited performed financially?

Kosamattam Finance Limited reported a revenue of Rs 782.54 crore and profit after tax of Rs 107.05 crore for the period ending on 31 March 2023. The Company’s revenue increased by 25.25% and net profit rose by 33.82% between the FY 22-23.  

5.  How can I apply for the Kosamattam Finance Limited NCD?

Wait for the NCD to open for subscription, then click here to apply for the Kosamattam Finance Limited NCD. 

6.  Who is appointed as a registrar of Kosamattam Finance Limited NCD?

Kfin Technologies Limited is appointed as the registrar for Kosamattam Finance Limited NCD.

7.  Who is the lead manager for the Kosamattam Finance Limited NCD?

SMC Capitals Limited is the lead manager for this NCD issue.

Also Read | Edelweiss Financial Services Limited NCD: All Important Details Discussed