Loading...
Guest User
Welcome! Please login.
| Issue Size (Base) | ₹100.00 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, 60 and 84 months |
| Credit Rating | IND A-/Stable by India Ratings & Research Private Limited (IRRPL). |
| 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 | 31 Mar 2021 |
| Assets | 5,444.34 | 4,568.89 | 4,025.55 |
| Revenue | 782.54 | 624.79 | 541.84 |
| Profit After Tax | 107.05 | 80.00 | 65.32 |
| Amount in ₹ Crore | |||
Mathew K. Cherian, Laila Mathew, and Jilu Saju Varghese are the company's promoters.
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 | 60 Months | 48 Months | 84 Months |
| Coupon (% per Annum) | NA | 9.25% | NA | 10.00% | NA | 10.25% | NA | NA |
| Effective Yield (% per Annum) | 9.00% | 9.65% | 9.41% | 10.47% | 9.75% | 10.75% | 10.67% | 10.41% |
| Amount on Maturity (In Rs.) | Rs 1,138.00 | Rs 1,000.00 | Rs 1,252.00 | Rs 1,000.00 | Rs 1,353.00 | 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 ("IRRPL") for an amount up to ₹ 20,000 lakhs.
Kosamattam Finance Limited is a non-deposit taking NBFC – Middle Layer offering gold and cash loans against pledge of household jewellery (“Gold Loans”) primarily in the states of Kerala, Amil Nadu, Karnataka, Andhra Pradesh, Delhi, Maharashtra, Uttar Pradesh and Telangana and the Union Territory of Puducherry.
Gold loans are the most important product in the company's product range. The gold loan customers are generally businessmen, vendors, traders, farmers, employees and families who for reasons of convenience, accessibility or necessity avail their loan facilities by pledging their gold jewellery with us under the various gold loan schemes. These gold loan programmes are designed to offer higher gramme values at higher interest rates and vice versa, subject to applicable laws.
Apart from the core business of gold lending, the company also offers fee-based ancillary services including microfinance, money transfer, foreign exchange, power generation, agriculture and air ticketing.
