Kosamattam Finance NCD January 2024 Description – The company is 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, Uttar Pradesh, and Telangana along with the Union Territory of Puducherry.
Its Gold Loan portfolio for financial years ending on 31 March 2023, 31 March 2022, and 31 March 2021, comprised 8,82,414; 8,10,711; and 7,18,836, respectively gold loan accounts. As of 31 March 2023, its gold loan portfolio stood at INR 4,454.08 crore which amounted to 98.68% of its total loan portfolio.
As of 30 September 2023, the company had a network of 994 branches. It employed 3,842 persons in its business operations. Headquartered in Kottayam in Kerala, the company belongs to the Kosamattam Group led by Mathew K. Cherian.
It is registered with RBI as a systemically important, non-deposit-taking NBFC (Registration No. B-16.00117 dated 19 December 2013) under Section 45 IA of the RBI Act. Further, it also has a Full-Fledged Money Changers (FFMC) license bearing number FE.CHN.FFMC.40/2006 dated 7 February 2006, valid until 28 February 2025.
Promoters of Kosamattam Finance – Mathew K. Cherian, Laila Mathew, and Jilu Saju Varghese
Kosamattam Finance NCD January 2024 Details
| Subscription Dates | 1 – 12 January 2024 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures |
| Face Value | INR 1,000 per NCD |
| Issue Price | INR 1,000 per NCD |
| Issue Size (Base) | INR 100 crores |
| Overall Issue Size (including oversubscription) | INR 200 crores |
| Minimum Lot Size | 10 NCDs |
| Market Lot | 1 NCD |
| Tenor | 18 months 24 months 30 months 36 months 39 months 48 months 54 months 88 Months |
| Credit Rating | IND A-/Stable |
| Category Reservation | Category 1 (QIB): 10% Category 2 (NII): 10% Category 3 (HNI): 30% Category 4 (Retail): 50% |
| Basis of Allotment | First Come First Serve |
| Listing On | BSE |
Kosamattam Finance NCD January 2024 – Options and Coupon Rates
| Option | Tenure | Interest Payment | Coupon Rate | Effective Yield | Maturity Amount |
| Series 1 | 18 months | Cumulative | NA | 8.52% | INR 1,130.50 |
| Series 2 | 24 months | Monthly | 8.75% | 9.11% | INR 1,000 |
| Series 3 | 30 months | Cumulative | NA | 9.00% | INR 1,240 |
| Series 4 | 36 months | Monthly | 9.25% | 9.65% | INR 1,000 |
| Series 5 | 39 months | Cumulative | NA | 9.25% | INR 1,333 |
| Series 6 | 48 months | Monthly | 10.00% | 10.47% | INR 1,000 |
| Series 7 | 54 months | Cumulative | NA | 9.43% | INR 1,500 |
| Series 8 | 88 months | Cumulative | NA | 9.91% | INR 2,000 |
Kosamattam Finance Non-Convertible Debentures Lead Manager
SMC CAPITALS LIMITED
A-401/402, Lotus Corporate Park,
Off Western Express Highway,
Jai Coach Signal, Goregaon (East),
Mumbai – 400063, Maharashtra
Phone: +91 22 66481818
Email: [email protected]
Website: www.smccapitals.com
Kosamattam Finance Non Convertible Debentures Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower B, Plot No – 31 & 32,
Financial District, Nanakramguda,
Serilingampally, Hyderabad Rangareddi,
500 032, Telangana, India
Phone: +91 40 6716 2222
Email: [email protected]
Website: www.kfintech.com
Kosamattam Finance NCD Documents
Kosamattam Finance NCD Contact Details
KOSAMATTAM FINANCE LIMITED
Kosamattam City Centre,
Floor Number 4th & 5th, T.B Road,
Kottayam – 686001, Kerala
Phone: +91 481 258 6400
Email: [email protected]
Website: www.kosamattam.com
Kosamattam Finance NCD January 2024 Subscription Status (no. of times)
| Date | QIB | NII | HNI | Retail | Total |
| 12 Jan 2024 | 0.00 | 0.00 | 6.01 | 0.00 | 1.80 |
| 11 Jan 2024 | 0.00 | 0.00 | 5.93 | 0.00 | 1.78 |
| 10 Jan 2024 | 0.00 | 0.00 | 5.82 | 0.00 | 1.75 |
| 9 Jan 2024 | 0.00 | 0.00 | 5.65 | 0.00 | 1.69 |
| 8 Jan 2024 | 0.00 | 0.00 | 5.19 | 0.00 | 1.56 |
| 5 Jan 2024 | 0.00 | 0.00 | 4.04 | 0.00 | 1.21 |
| 4 Jan 2024 | 0.00 | 0.00 | 3.32 | 0.00 | 1.00 |
| 3 Jan 2024 | 0.00 | 0.00 | 2.52 | 0.00 | 0.76 |
| 2 Jan 2024 | 0.00 | 0.00 | 1.76 | 0.00 | 0.53 |
| 1 Jan 2024 | 0.00 | 0.00 | 0.83 | 0.00 | 0.25 |
Kosamattam Finance NCD January 2024 Allotment Status
Kosamattam Finance NCD January 2024 allotment status is now updated on the KFin Technologies’ website. Click on this link to get allotment status.
Kosamattam Finance NCD January 2024 FAQs
What is the face value and lot size of Kosamattam Finance NCD January 2024?
The NCDs will be issued at a face value of INR 1,000 each NCD and the minimum lot size is 10 NCDs.
What is the frequency of interest payment in Kosamattam Finance NCD January 2024?
The frequency of payment for Kosamattam Finance NCD is Monthly and cumulative.
What is the basis of allotment in Kosamattam Finance NCD January 2024 offer?
Kosamattam Finance NCDs will be allotted on a First Come First Serve Basis.
