Kosamattam Finance NCD, a non-deposit-taking NBFC, specializes in Gold Loan services. This financial institution is an integral part of the Kosamattam Group, under the leadership of Mathew K. Cherian. The company is headquartered in Kottayam, located in the vibrant state of Kerala.
Kosamattam Finance NCD caters to a diverse clientele, extending financial assistance against pledged household jewelry. Their services benefit a wide spectrum of individuals and groups, including businessmen, vendors, traders, farmers, salaried professionals, and families. Their reach extends across regions encompassing Kerala, Karnataka, Tamil Nadu, Andhra Pradesh, Maharashtra, Delhi, Gujarat, Telangana, and the Union Territory of Puducherry.
Beyond their core offering of gold loans, Kosamattam Finance NCD provides a range of fee-based ancillary services. These services encompass microfinance, money transfer facilities, power generation, foreign currency exchange, agricultural support, and air ticketing services. As of June 30, 2023, the company boasts an extensive network of 989 branches, establishing a formidable market presence throughout Southern India.
Kosamattam Finance NCD September 2023 Detail
Issue Open | September 8, 2023 – September 22, 2023 |
Security Name | Kosamattam Finance Limited |
Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
Issue Size (Base) | Rs 100.00 Crores |
Issue Size (Shelf) | Rs 200.00 Crores |
Issue Price | Rs 1000 per NCD |
Face Value | Rs 1000 each NCD |
Minimum Lot size | 10 NCD |
Market Lot | 1 NCD |
Listing At | BSE |
Credit Rating | IND A-/Stable by India Ratings |
Tenor | 20, 24, 30, 36, 39, 48, 54 and 88 Months |
Series | Series I to VIII |
Payment Frequency | Monthly and Cumulative |
Basis of Allotment | First Come First Serve Basis |
Debenture Trustee/s | Vistra Itcl India Limited |
NCD Allocation Ratio
Category | NCD’s Allocated |
---|---|
Institutional | 10% |
Non-Institutional | 10% |
HNI | 30% |
Retail | 50% |
NCD’s Offered by Category
Category | NCD’s Reserved |
---|---|
Institutional | 100,000 |
Non-Institutional | 100,000 |
HNI | 300,000 |
Retail | 500,000 |
Total NCD’s | 1,000,000 |
NCD Rating
The NCDs proposed to be issued under this Issue have been rated ‘IND A-/Stable’, by India Ratings & Research Private Limited.
Company Promoters
Mr. Mathew K. Cherian, Ms. Laila Matthew, and Jilu Saju Varghese are the promoters of the company.
Company Financials
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 |
Objects of the Issue
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- For the purpose of onward lending.
- For repayment of interest and principal of existing debts of the company.
- For general corporate purposes.
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