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 RatingIND BBB/ Stable
Issue OpenNov 11, 2019
Issue CloseDec 10, 2019
Base SizeRs 175.00 Crores
Shelf SizeRs 175.00 Crores
Issue PriceRs. 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot1 NCD
Listing AtBSE
Tenor18months/ 24months/ 36months/ 48months/ 66months/ 84month
SeriesSeries I to Series VIII
Payment FrequencyMonthly/ Cumulative
Basis of AllotmentFirst Come First Serve Basis

Kosamattam Finance Limited NCD – Basis of the Offer Price

Security NameKosamattam Finance Limited
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs) and/or Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs)
Coupon payment frequencyMonthly/ Cumulative
Coupon typeFixed
Tenor18months/ 24months/ 36months/ 48months/ 66months/ 84month
DepositoryNSDL and CDSL
DisbursementSEBI Debt Regulations
Debenture TrusteeVistra 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 / DateQIB Category 1NII Category 2HNI Category 3RII Category 4Total Subscription
1st – 10th Day : till Nov 11, 2019 0.00x0.05x0.05x0.04x
10th – 20th Day : till
20th – 30th Day : till
Shares Offered or Net Issue175,000700,000875,0001,750,000

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
CategoryNCD’s Allocated
QIB – Category 10%
NII – Category 20%
HNI – Category 30%

Kosamattam Finance Limited NCD Offered

NCD’s Offered
CategoryNCD’s Reserved
QIB – Category 1175,000
NII – Category 2700,000
HNI – Category 3875,000
Total NCD’s1,750,000

Kosamattam Finance Limited NCD Coupon Rates

Frequency of Interest PaymentCumulativeMonthlyMonthlyCumulative*CumulativeCumulativeMonthlyCumulative
Tenor18 Months24 Months36 Months48 Months66 Months84 Months
Minimum Application10 NCDs (Rs.10,000) (across all options of NCDs)
In multiples, of1 NCD after the minimum application
Face Value of NCDs
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 TypeFixed
Effective Yield (%)
(per annum) –
Category I, II and III
Redemption Amount
(Rs./NCD) for NCD
Holders in Category I,
II and III
Put and Call OptionNot Applicable
Deemed Date of AllotmentThe 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


Kosamattam Finance Limited NCD Debenture Trustee

Debenture Trustee
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
Website: www.vistraitcl.com
Investor Grievance Email:
Contact Person: Jatin Chonani
SEBI Registration Number:
CIN: U66020MH1995PLC095507

Kosamattam Finance Limited NCD Registrar to offer

Registrar to the Offer
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:
Website: www.karvyfintech.com
Contact Person: M Murali Krishna
SEBI Registration Number:
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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