26-Oct-2023
2 mins read
Kosamattam Finance Limited, a non-deposit-taking NBFC company, is set to introduce its Secured, Redeemable, Non-Convertible Debentures. The subscription window for this offering will be open from September 8th to September 22nd. The NCDs have a base issue size of Rs 100 Crores and an overall issue size of Rs 200 Crores. India Ratings & Research Private Limited has bestowed a rating of ‘IND A-/Stable’ upon the NCDs scheduled for issuance in this campaign.
Kosamattam Finance Company Profile
Kosamattam Finance Limited is a non-deposit-taking, Non-Banking Financial Company (NBFC) primarily focused on providing loans against household jewellery, with its headquarters located in Kottayam, Kerala. This company is part of the Kosamattam Group, led by Mathew K. Cherian. Its lending services extend to a diverse clientele, including businessmen, vendors, traders, farmers, salaried individuals, and families, covering regions in Kerala, Karnataka, Tamil Nadu, Andhra Pradesh, Maharashtra, Delhi, Gujarat, Telangana, and the Union Territory of Puducherry.
Apart from its core gold loan business, Kosamattam Finance also offers various fee-based supplementary services such as microfinance, money transfer, power generation, foreign currency exchange, agriculture, and air ticketing services. As of June 30, 2023, the company boasts an extensive network of 989 branches, establishing a prominent presence in the Southern India market.
Financial Performance of Kosamattam Finance
| Period Ended | 31-Mar-22 | 31-Mar-23 |
| Assets | 4,568.89 | 5,444.34 |
| Revenue | 624.79 | 782.54 |
| Profit After Tax | 80 | 107.05 |
Important details of Kosamattam Finance
| Issue Open | September 8, 2023 – September 22, 2023 |
| 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 | 20, 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 NCD Allocation Ratio
| Category | NCD’s Allocated |
| Institutional | 10% |
| Non-Institutional | 10% |
| HNI | 30% |
| Retail | 50% |
Kosamattam Finance Limited NCD Rating
The Kosamattam Finance Limited NCDs have received a credit rating of ‘IND A-/Stable from India Ratings & Research Private Limited.
Kosamattam Finance Limited Company Promoters
Mr. Mathew K. Cherian, Ms. Laila Matthew, and Jilu Saju Varghese are the promoters of the company.
The Objective of Kosamattam Finance Limited NCD
The company plans to use the net proceeds from this issue for the following purposes:
- Onward lending.
- Repayment of interest and principal on existing company debts.
- General corporate expenses.
Lead Managers of Kosamattam Finance Limited NCD
Smc Capitals Limited are the lead manager of Kosamattam Finance Limited NCD.
How to Apply for Kosamattam Finance Limited NCD
Wait for the public issue to open for subscription, then click on this link to apply for Kosamattam Finance Limited NCD with Bigul: https://ipo.bonanzaonline.com/.
Registrar of Kosamattam Finance Limited NCD
Kfin Technologies Limited are serving as a Registrar of Kosamattam Finance Limited NCD
FAQ of Kosamattam Finance Limited NCD
- What are Kosamattam Finance NCD?
Kosamattam Finance NCDs are secured, redeemable, Non-Convertible Debentures offered by Kosamattam Finance Limited for investment.
- What are the issue size and face value of Kosamattam Finance NCD?
The base issue size is Rs 100 Crores, with an overall issue size of Rs 200 Crores. Each NCD has a face value of Rs 1000.
- What are the credit ratings for these NCDs?
The NCDs have been rated ‘IND A-/Stable’ by India Ratings & Research Private Limited, indicating a stable level of creditworthiness.
- When can I subscribe to these NCDs?
The subscription period for Kosamattam Finance NCDs is from September 8, 2023, to September 22, 2023.
- What are the available series and tenors for these NCDs?
Kosamattam Finance NCDs offer various series with tenors of 20, 24, 30, 36, 39, 48, 54, and 88 months, providing investors with flexibility in choosing their investment duration.
- Who are the lead managers for this NCD issue?
The lead manager for Kosamattam Finance NCDs is Smc Capitals Limited.
- What is the minimum investment required to participate in this NCD offering?
The minimum lot size for investing in Kosamattam Finance NCDs is 10 NCDs.