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| Issue Size (Base) | ₹100.00 Cr |
| Issue Size (Shelf) | ₹200.00 Cr |
| Face Value | ₹1000 each NCD |
| Issue Price | ₹1000 per NCD |
| Market Lot | 1 NCD |
| Min Order Qty | 10 NCD |
| Min Order Amount | ₹10000 |
| Listing at | BSE |
| Tenor | 18, 24, 30, 36, 39, 48, 54, and 88 months |
| Credit Rating | IND A-/Stable by India Ratings |
| Series | Series I to VIII |
| Payment Frequency | Monthly and Cumulative |
Kosamattam Finance Limited's revenue increased by 25.25% and profit after tax (PAT) rose by 33.82% between the financial year ending with March 31, 2023 and March 31, 2022.
| 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 | ||
The promoters of the company are Mathew K. Cherian, Laila Mathew and Jilu Saju Varghese.
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
| # | Issue Objects |
|---|---|
| 1 | For the purpose of onward lending. |
| 2 | For repayment of interest and principal of existing debts of the company. |
| 3 | For general corporate purposes. |
| 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 |
The NCDs proposed to be issued under this Issue have been rated 'IND A-/Stable', by India Ratings & Research Private Limited.
Kosamattam Finance Limited was incorporated in 1987 and is a non-deposit-taking NBFC – Middle Layer operating primarily in the states of “Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Delhi, Maharashtra, Gujarat, Uttar Pradesh and Telangana and in the Union Territory of Puducherry in the business of gold lending and lending against pledge of household ornaments ("Gold Loans").
Gold loan is the most important product in our company's product range. Our Gold Loan customers are typically businessmen, vendors, traders, farmers, employees and families who, for reasons of convenience, accessibility or necessity, avail of our credit facilities by pledging their gold jewellery with us under our various Gold Loan programmes. These gold loan programs are designed to offer higher gramme values at higher interest rates and vice versa, subject to applicable laws. This allows our customers to choose the gold loan programme that best suits their needs.
In addition to the core business of gold lending, we also offer fee-based ancillary services including microfinance, money transfer, foreign exchange, power generation, agriculture and air ticketing.
