July 19, 2024 - August 1, 2024
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Kosamattam Finance Limited is a non-deposit-taking NBFC primarily engaged in the business of gold loans.
The company is part of the Kosamattam Group, which is headed by Mathew K. Cherian. The head office of the company is located in Kottayam in the state of Kerala.
Kosamattam Finance provides loans against pledge of household ornaments to businessmen, vendors, traders, farmers, employees, and families in Kerala, Karnataka, Tamil Nadu, Andhra Pradesh, Maharashtra, Delhi, Gujarat and Telangana and the Union Territory of Puduch*erry.
In addition to the gold loan, it also offers fee-based additional services such as microfinance, money transfer services, power generation, foreign currency exchange, agriculture, and air ticketing services.
As of March 31, 2024, the company had 986 branches in Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Delhi, Maharashtra, Gujarat, Uttar Pradesh, Telangana and the Union Territory of Puduch*erry and employed over 3842 people.
Kosamattam Finance NCD July 2024 Detail
| Issue Open | July 19, 2024 - August 1, 2024 |
| Security Name | Kosamattam Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 100.00 Crores |
| Issue Size (Oversubscription) | Rs 100.00 Crores |
| Overall Issue Size | 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 & Research Private Limited (IRRPL). |
| Tenor | 18, 24, 30, 36, 39, 48, 60 and 84 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 |
Kosamattam Finance Limited NCD Coupon Rates
| # | 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 |
NCD Rating
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.
Company Promoters
Mathew K. Cherian, Laila Mathew, and Jilu Saju Varghese are the company's promoters.
Company Financials
Kosamattam Finance Limited Financial Information (Restated)
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 | |||
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.
Kosamattam Finance NCD July 2024 Prospectus
Kosamattam Finance NCD July 2024 Subscription Status
The Kosamattam Finance NCD July 2024 was subscribed 1.74 times on August 1, 2024 5:00:00 PM. The NCD subscribed 3.01 times in Retail, 0.78 times in HNI, 0.05 times in Non-Institutional, and 0.00 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 3.01x |
| HNI | 0.78x |
| Non-Institutional | 0.05x |
| Institutional | 0.00x |
| Total | 1.74x |
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Company Contact Information
Kosamattam Finance Limited
Kosamattam City Centre,
Floor Number 4th & 5th, T.B Road,
Kottayam - 686001
Phone: +91 481 258 6400
Email: [email protected]
Website: http://www.kosamattam.com/
Kosamattam Finance NCD July 2024 Registrar
Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
Kosamattam Finance NCD July 2024 Lead Manager(s)
- Smc Capitals Limited
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