NCD Status: Closed [13th Jul 2022 to 4th Aug 2022]
Kosamattam Finance NCD of Rs. 175 Cr issue size and Rs. 175 Cr shelf size opens for subscription from 13 July to 4 August 2022. The company issues series I to VIII secured and redeemable NCD at an issue size of Rs. 1000 per NCD. One can subscribe to the NCD with a minimum ticket size of Rs. 10,000 (10 NCDs). The NCD tenor is 400 days, 36, 36, 42, 48, 54, 60 and 88 months with a coupon rate ranging 7.00% - 9.25% per annum. Check more about the Kosamattam Finance NCD July 2022 including credit rating, Coupon rates for each series, the basis of allotment, payment frequency, and more.
|NCD Opening Date:||13th Jul 2022|
|NCD Closing Date:||4th Aug 2022|
|NCD Type:||Secured NCD|
|Issue Size (Base):||Rs 175 Cr|
|Issue Size (Shelf):||Rs 175 Cr|
|Face Value:||Rs 1000 each NCD|
|Issue Price:||Rs 1000 per NCD|
|Market Lot:||1 NCD|
|Min Order Qty:||10 NCD|
|Min Order Amount:||Rs 10000|
|Tenor:||400 Days, 36, 42, 48, 54, 60, 88 Months|
|Rating:||BWR BBB+/ Positive Rating by Brickwork Ratings|
|Series:||Series I to VIII|
|Payment Frequency:||Monthly and Cumulative|
|Basis of Allotment:||First Come First Serve Basis|
|Interest on return:||TBD|
|NCD Issue Open||13th Jul 2022|
|NCD Issue Close||4th Aug 2022|
|Allotment Date*||11th Aug 2022|
* - Tentative Dates
|Category Name||NCD's Allocated|
Kosamattam Finance Limited is a non-deposit-taking NBFC that is primarily engaged in the gold loan business. The company has its lending business in Kerala, Tamil Nadu, Maharashtra, Gujarat, Telangana, Karnataka, Andhra Pradesh, and Delhi. It offers gold loan facilities to businessmen, vendors, traders, farmers, salaried individuals, and families.
Kosamattam Finance offers fee-based services such as microfinance, money transfer services, power generation, foreign currency exchange, agriculture, and air ticketing services. Currently, the company has 997 branches in India, as of June 30, 2022.
|Kosamattam Finance Financials (₹ in Lakh)||31-Mar-2022||31-Mar-2021|
The net proceeds from the NCD will be utilized towards the following objectives:
|Tenure||400 days||36 months||36 months||42 months||48 months||54 months||60 months||88 months|
|Frequency of Interest Payment||Monthly||Monthly||Cumulative||Monthly||Monthly||Cumulative||Monthly||Cumulative|
|Coupon Rate % Per Annum||7.00%||8.50%||NA||9.00%||9.50%'||NA||9.25%||NA|
|Redemption Amount (Rs. /NCD) for Debenture Holders (%)||1,123||1,000||1,295||1,000||1,000||1,500||1,000||2,000|
|Effective Yield (%)||7.23%||8.84%||9.00%||9.38%||9.92%||9.43%||10.65%||9.91%|
Mathew K. Cherian, Laila Mathew, and Jilu Saju Varghese are the company promoters.
The NCD is rated BWR BBB+/ Positive by Brickwork Ratings and offers an Moderate degree of safety.
Last Updated on 2022-10-06T00:59:00+00:00