Kosamattam Finance NCD 2019 – Issue Prospectus, Issue Dates, Price

Kosamattam Finance NCD 2019

Kosamattam Finance Limited, a Kerala based financial services company is issuing the NCD (Non-Convertible Debentures). The company targets to raise a capital of up to Rs 30,000 lakhs through this issue. Kosamattam Finance NCD 2019 opens for investment on 29th March 2019 and closes on 26th April 2019. The non-convertible debentures of face value Rs 1,000 each will be offered to investors during this issue. The company is offering a coupon rate of up to 10.41% on investment.

About Kosamattam Finance Limited

Kosamattam Finance Limited is a Kerala Based company founded in the year 1987. It is a non-deposit taking RBI registered NBFC primarily engaged in the gold loan business, lending money against the pledge of household jewellery in the state of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Delhi, Maharashtra, Gujarat and Telangana along with the Union Territory of Puducherry. As on 30-Sep-2018, the company has a network of 948 branches spread in the above-mentioned locations operating with 3,299 employees. This company is headquartered in Kottayam in the state of Kerala.

As on September 30-Sep-2018, the company has 6,83,305 gold loan accounts aggregating to Rs 2,12,136.39 lakh which is 91.79% of their total loans portfolio. The net worth of the company stands at Rs 34,835.04 lakhs. The company is promoted by Mathew K. Cherian, Laila Mathew, and Jilu Saju Varghese

Kosamattam Finance NCD 2019 – Issue Details
Issue Type Secured Redeemable Non-Convertible Debentures
Issuer Company Kosamattam Finance Limited
Issue Opens 29th March 2019
Issue Closes 26th April 2019
Coupon Rate (ROI) Up to 10.41%
Face Value Rs 1,000
Issue Price Rs 1,000
Minimum Order Quantity 10 NCD (Rs 10,000)
Issue Size Up to Rs 30,000 lakhs
Listing  BSE
Listing Date Within 6 Working Days of Issue Closing Date
Kosamattam Finance NCD 2019 – Objects of the Issue

The following are the objectives of the NCD Issue:-

  1. For the purpose of onward lending
  2. Repayment of interest and principal of existing loans
  3. General corporate purpose
Rating of the Kosamattam Finance NCD Issue 2019

India Ratings and Research Private Limited as given IND BBB / (Outlook) Stable rating to this upcoming NCD Issue.

Kosamattam Finance Limited – Compay Contact Details

Registered Office: Kosamattam Mathew K Cherian Building, M. L. Road, Market Junction, Kottayam – 686 001, Kerala, India.

Telephone: +91 481 258 6400

Website: www.kosamattam.com

Lead Manager to the Kosamattam Finance NCD Issue

The following are the lead managers to this upcoming NCD Issue in 2019 is:-

Vivro Financial Services Pvt Ltd

Trustee to the Kosamattam Finance NCD Issue

Vistra ITCL (India) Limited

Registrar to the Kosamattam Finance NCD Issue

The following is the registrar to the Kosamattam  NCD Issue:-

Karvy Fintech Private Limited

Please read the draft prospectus and the final issue prospectus for detailed information of Kosamattam NCD issue.

Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Investment in securities is subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions. 

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Tags: #debenture #nonconvertible debenture #bond #Investment #NCD #Kosamattam Finance NCD 2019

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