Kosamattam Finance Limited NCD Dates, Size, Allotment, Subscription, DRHP & more
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the Kosamattam Finance Limited NCD release date, NCD issue size, subscription, Kosamattam Finance Limited NCD allotment and other details like the company’s background, its financial positions, its promoters and other related things.
Kosamattam Finance Limited NCD – November 2019 Detail
| Credit Rating | IND BBB/ Stable |
| Issue Open | Nov 11, 2019 |
| Issue Close | Dec 10, 2019 |
| Base Size | Rs 175.00 Crores |
| Shelf Size | Rs 175.00 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 |
| Tenor | 18months/ 24months/ 36months/ 48months/ 66months/ 84month |
| Series | Series I to Series VIII |
| Payment Frequency | Monthly/ Cumulative |
| Basis of Allotment | First Come First Serve Basis |
Kosamattam Finance Limited NCD – Basis of the Offer Price
| ISSUE STRUCTURE | |
| Security Name | Kosamattam Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) and/or Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs) |
| Coupon payment frequency | Monthly/ Cumulative |
| Coupon type | Fixed |
| Tenor | 18months/ 24months/ 36months/ 48months/ 66months/ 84month |
| Depository | NSDL and CDSL |
| Disbursement | SEBI Debt Regulations |
| Debenture Trustee | Vistra ITCL (India) Limited |
Kosamattam Finance Limited NCD Dates
The opening and the closing date of Kosamattam Finance Limited NCD is Nov 11, 2019 to Dec 10, 2019.
Kosamattam Finance Limited NCD Subscription
| Day / Date | QIB Category 1 | NII Category 2 | HNI Category 3 | RII Category 4 | Total Subscription |
| 1st – 10th Day : till Nov 11, 2019 | 0.00x | 0.05x | 0.05x | – | 0.04x |
| 10th – 20th Day : till | – | ||||
| 20th – 30th Day : till | – | ||||
| Shares Offered or Net Issue | 175,000 | 700,000 | 875,000 | – | 1,750,000 |
The shares subscribed by the public will be updated here.
Kosamattam Finance Limited NCD Allotment Status
Here, you can find the Allotment Status of this NCD.
Kosamattam Finance Limited NCD Share Offering
Issue of 5,22,000 Equity Shares of face value of Rs.10/- each for cash at a price of Rs. [ ] per Equity Share (including a share premium of Rs.[ ] per Equity share) aggregating Rs. [ ] lakhs.
Kosamattam Finance Limited NCD Allocation Ratio
| NCD Allocation Ratio | |
| Category | NCD’s Allocated |
| QIB – Category 1 | 0% |
| NII – Category 2 | 0% |
| HNI – Category 3 | 0% |
Kosamattam Finance Limited NCD Offered
| NCD’s Offered | |
| Category | NCD’s Reserved |
| QIB – Category 1 | 175,000 |
| NII – Category 2 | 700,000 |
| HNI – Category 3 | 875,000 |
| Total NCD’s | 1,750,000 |
Kosamattam Finance Limited NCD Coupon Rates
| Options | I | II | III | IV | V | VI | VII | VIII |
| Frequency of Interest Payment | Cumulative | Monthly | Monthly | Cumulative | *Cumulative | Cumulative | Monthly | Cumulative |
| Tenor | 18 Months | 24 Months | 36 Months | 48 Months | 66 Months | 84 Months | ||
| Nature | Secured | |||||||
| Minimum Application | 10 NCDs (Rs.10,000) (across all options of NCDs) | |||||||
| In multiples, of | 1 NCD after the minimum application | |||||||
| Face Value of NCDs (Rs./NCD) |
Rs.1,000 | |||||||
| Issue Price (Rs./NCD) | Rs.1,000 | |||||||
| Mode of Interest Payment/ Redemption |
Through various options available | |||||||
| Coupon(%)per annum For Category I, II & III | 9.26% | 9.75% | 10.00% | 10.52% | 10.67% | 10.71% | 10.25% | 10.41% |
| Coupon Type | Fixed | |||||||
| Effective Yield (%) (per annum) – Category I, II and III |
9.26% | 10.20% | 10.47% | 10.52% | 10.67% | 10.71% | 10.75% | 10.4% |
| Redemption Amount (Rs./NCD) for NCD Holders in Category I, II and III |
Rs.1,142 | Rs.1,000 | Rs.1,000 | Rs.1,350 | Rs.1,500 | Rs.1,750 | Rs.1,000 | Rs.2,000 |
| Put and Call Option | Not Applicable | |||||||
| Deemed Date of Allotment | The date on which the Board or a duly authorised committee approves the Allotment of NCDs. All benefits relating to the NCDs including interest on the NCDs shall be available to the investors from the Deemed Date of Allotment.The actual Allotment of NCDs may take place on a date other than the Deemed Date of Allotment | |||||||
Kosamattam Finance Limited NCD Issue Object
These are the NCD Issue Objects of the company
- For the purpose of onward lending;
- Repayment of interest and principal of existing loans; and
- General Corporate Purposes;
Kosamattam Finance Limited – Company Overview
The Kosamattam group was originally founded by Chacko Varkey (also known as Nasrani Varkey). His great-grandson, Mathew K. Cherian, the present Chairman and Managing Director of Kosamattam Group. Under his able leadership, their Company is emerging as a prominent Gold Loan business company with 938 branches, as on August 31, 2019, largely spread across southern India. They are headquartered in Kottayam in the state of Kerala.
They are a systemically important non-deposit taking NBFC primarily engaged in the Gold Loan business, lending money against the pledge of household jewellery (“Gold Loans”) in the state of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Delhi, Maharashtra, Gujarat and Telangana along with the Union Territory of Puducherry.
In addition to the core business of Gold Loan, they also offer fee based ancillary services which includes microfinance, money transfer services, foreign currency exchange, power generation, agriculture and air ticketing services.
Kosamattam Finance – Company Financials
The Gold Loan portfolio as of and for the financial years ending on March 31, 2019, March 31, 2018, and March 31, 2017 comprised of 6,63,694, 6,47,779, and 5,57,478 gold loan accounts, aggregating to Rs. 2,21,230.86 lakhs, Rs. 2,05,050.99 lakhs, and Rs. 1,73,040.27 lakhs, respectively, which is 94.94%, 91.56%, and 90.03% of their total loans portfolio as on those dates.
For the financial years ended March 31, 2019, March 31, 2018, March 31, 2017, March 31, 2016 and March 31, 2015 their total income was Rs. 46,837.79 lakhs, Rs. 43,422.65 lakhs, Rs. 36,031.13 lakhs, Rs. 34,569.97 lakhs, and Rs. 25,754.43 lakhs, respectively.
The profit after tax the as of and for the financial years ended March 31, 2019, March 31, 2018, March 31, 2017, March 31, 2016, and March 31, 2015 was Rs. 3,041.78 lakhs, Rs. 2,670.75 lakhs, Rs. 1,573.90 lakhs, Rs. 1,122.88 lakhs, and Rs. 528.15 lakhs, respectively.
For as the financial years ended March 31, 2019, March 31, 2018, March 31, 2017, March 31, 2016, and March 31, 2015 revenues from their Gold Loan business constituted 92.03%, 92.07%, 91.25%, 93.34%, and 96.43% of their total income for the respective year.
Kosamattam Finance Limited NCD Lead Managers
| Lead Managers |
| KARVY INVESTOR SERVICES LIMITED
SMC CAPITALS LIMITED |
Kosamattam Finance Limited NCD Debenture Trustee
| Debenture Trustee |
| VISTRA ITCL (INDIA) LIMITED The IL&FS Financial Center, Plot No. C – 22, G Block, Bandra Kurla Complex Bandra (East), Mumbai – 400 051 Maharashtra, India Tel: +91 22 2659 3333 Fax: +91 22 2653 3297 Email:itclcomplianceofficer@vistra.com Website: www.vistraitcl.com Investor Grievance Email: investorgrievancesitcl@vistra.com Contact Person: Jatin Chonani SEBI Registration Number: IND000000578 CIN: U66020MH1995PLC095507 |
Kosamattam Finance Limited NCD Registrar to offer
| Registrar to the Offer |
| KARVY FINTECH PRIVATE LIMITED Karvy Selenium, Tower B, Plot 31-32, Financial District, Nanakramguda, Serilingampally, Rangareddy Hyderabad – 500 032, Telangana Tel: +91 40 6716 2222 Fax: +91 40 2343 1551 Email: einward.ris@karvy.com Investor Grievance Email: kosamattam.ncdipo17@karvy.com Website: www.karvyfintech.com Contact Person: M Murali Krishna SEBI Registration Number: INR000000221 CIN: U72400TG2017PTC117649 |
Kosamattam Finance Limited NCD Ratings
The NCDs proposed to be issued under this Issue have been rated ‘IND BBB’ Outlook Stable, by India Ratings and Research Private Limited (“India Ratings”) for an amount up to 35,000 lakhs vide its letter dated September 30, 2019.
The rating of NCDs by India Ratings indicates that instruments with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such instruments carry moderate credit risk. This rating is not a recommendation to buy, sell or hold securities and investors should take their own decisions.
The rating provided by rating agency may be suspended, withdrawn or revised at any time by the assigning rating agency on the basis of new information etc., and should be evaluated accordingly.
Kosamattam Finance Limited NCD News
News 1 –RHP Prospectus [Download]
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