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| Issue Size (Base) | ₹125.00 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 | 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 |
| Assets | 5,444.34 | 4,568.89 |
| Revenue | 782.54 | 624.79 |
| Profit After Tax | 107.05 | 80.00 |
| Amount in ₹ Crore | ||
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 | 9.50% | NA | 10.00% | NA | NA |
| Effective Yield (% per Annum) | 8.52% | 9.11% | 9.00% | 9.92% | 9.42% | 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 1,340.00 | Rs 1,000.00 | Rs 1,500.00 | Rs 2,000.00 |
The NCDs proposed to be issued under this Issue have been rated 'A-Stable', by India Ratings & Research Private Limited.
Kosamattam Finance Limited was incorporated in March 1987. NBFC is primarily engaged in gold lending business and lends money against pledge of household ornaments (“Gold Loans") in the states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Delhi, Maharashtra, Gujarat and Telangana and in the Union Territory of Puducherry.
Its gold loan portfolio for the six-month period ended September 30, 2022 and the financial years ended March 31, 2022, March 31, 2021, March 31, 2020 and March 31, 2020 comprised 8,71,389, 8,10,711, 7,18,836 and 7,07.856 gold loan accounts totaling ₹ 3,95,109.23 lakhs, ₹ 3,65,802.24 lakhs, ₹ 3,14,609.59 lakhs and ₹ 2,64,495.77 lakhs, representing 98.88%, 98.52%, 98.34% and 97.29% of the total loan portfolio as on those dates, respectively.
The gold loan is the most important product in the company's product portfolio. The gold loan customers are generally businessmen, vendors, traders, farmers, employees and families who avail their loan facilities by pledging their gold jewellery with us under the various gold loan schemes for reasons of convenience, accessibility or necessity.
