Kosamattam Finance NCD – Upcoming NCD from 27-Dec-2018 to 25-Jan-2019

Kosamattam Finance NCD: Kosamattam Finance Limited is issuing its non-convertible debenture from 27-Dec-2018 to 25-Jan-2019.

kosamattam Finance NCD

Kosamattam Finance NCD Details
Issue Type Secured Redeemable Non-Convertible Debentures
Issuer Kosamattam Finance Limited
Issue Opens 27-Dec-2018
Issue Closes 25-Jan-2019
Interest Ranging from 9.50% to 10.25%
Face Value Rs 1,000 Per NCD
Issue Size Rs 300 Crores
Minimum Order 10 NCD (Rs 10,000)
Listing BSE

(Read: Debenture – Fixed Income Investment)

Objects of the Kosamattam Finance NCD Issue

According to the Kosamattam Finance, it proposes to utilise the funds which are being raised through the issue, after deducting the issue related expenses to the extent payable by the company, estimated to be approximately Rs 300 crores, towards funding the following objects:-

  1. For the purpose of onward lending and for repayment of interest and principal of existing loans, and
  2. General corporate purposes
Rating of Kosamattam Finance NCD
  • India Ratings & Research Private Limited: IND BBB/Stable
Maturity and Redemption

Please refer to page 175 of draft prospectus.

About Kosamattam Finance Limited

Kosamattam Finance Limited 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.

Company Financials

kosamattam finance

Promoters: Mathew K. Cherian, Laila Mathew and Jilu Saju Varghese.

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

Vivro Financial Services Pvt Ltd
607/608 Marathon Icon, Opp. Peninsula Corporate Park, Off. Ganpatrao Kadam Marg, Veer Santaji Lane, Lower Parel, Mumbai – 400 013
Telephone: +91 22 6666 8040/42

Trustee to the Kosamattam Finance NCD Issue

Vistra ITCL (India) Limited

Address: The IL&FS Financial Center, Plot No. C – 22, G Block, Bandra Kurla Complex
Bandra (East), Mumbai – 400 051.
Telephone: +91 22 2659 3333

Registrar to the Kosamattam Finance NCD Issue

Karvy Fintech Private Limited

Address: Karvy Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad – 500 032.
Telephone: +91 40 6716 2222

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

Disclaimer: This post is just an 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

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