Kosamattam Finance Limited NCD Dates, Size, Allotment, Subscription, DRHP & more

Let’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

Kosamattam Finance Limited NCDThe 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:[email protected]
Website: www.vistraitcl.com
Investor Grievance Email:
[email protected]
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: [email protected]
Investor Grievance Email:
[email protected]
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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