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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 | 20, 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 |
| Period Ended | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 4,568.89 | 5,444.34 |
| Revenue | 624.79 | 782.54 |
| Profit After Tax | 80.00 | 107.05 |
| Net Worth | ||
| Reserves and Surplus | ||
| Total Borrowing |
Mr. Mathew K. Cherian, Ms. Laila Matthew, and Jilu Saju Varghese are the promoters of the company.
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 | 20 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% | 8.85% | 9.65% | 9.25% | 10.47% | 9.43% | 9.91% |
| Amount on Maturity (In Rs.) | Rs 1,146.00 | Rs 1,000.00 | Rs 1,236.00 | 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 established in the year 1987. Kosamattam Finance Limited is a systemic, non-deposit taking NBFC primarily engaged in the gold loan business, lending money against the pledge of household goods (“Gold Loans”) in the states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Delhi, Maharashtra, Gujarat, Uttar Pradesh and Telangana and the Union Territory of Puducherry.
Gold loan is the most important product in the company's product range. The gold loan customers are generally businessmen, vendors, traders, farmers, employees and families who, out of convenience, accessibility or necessity, avail their credit facilities by pledging their gold items with us under the various gold loan programs. These gold loan programs are designed to offer higher grams at higher interest rates and vice versa, subject to applicable laws. In this way, customers can choose the gold lending program that best suits their needs. These gold lending programs are revised from time to time based on gold prices, market conditions and regulatory requirements.
In addition to its core gold lending business, the Company also offers fee-based ancillary services, including microfinance, money transfer, foreign exchange, power generation, agriculture, and airline ticket sales.
