Kosamattam Finance NCD April 2023 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, and Telangana along with the Union Territory of Puducherry.
Its Gold Loan portfolio for the six months ended 30 September 2022, and financial years ending on 31 March 2022, 31 March 2021, 31 March 2020, and 31 March 2020, comprised 8,71,389; 8,10,711; 7,18,836; and 7,07,856, respectively gold loan accounts. For the six months that ended 30 September 2022, its gold loan portfolio stood at INR 3,951.09 crore which amounted to 98.88% of its total loans portfolio.
As on 31 January 2023, the company had a network of 980 branches spread in the states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Delhi, Maharashtra, Gujarat, and Telangana along with the Union Territory of Puducherry and it employed 3,663 persons in its business operations. Headquartered in Kottayam in the state of 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 April 2023 Details
| Subscription Dates | 11 – 25 April 2023 |
| 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 150 crores |
| Overall Issue Size (including oversubscription) | INR 300 crores |
| Minimum Lot Size | 10 NCDs |
| Market Lot | 1 NCD |
| Tenor | 15 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 April 2023 – Options and Coupon Rates
| Option | Tenure | Interest Payment | Coupon Rate | Effective Yield | Maturity Amount |
| Series 1 | 15 months | Cumulative | NA | 8.50% | INR 1,107.40 |
| Series 2 | 24 months | Monthly | 8.75% | 9.11% | INR 1,000 |
| Series 3 | 30 months | Cumulative | NA | 8.85% | INR 1,236 |
| Series 4 | 36 months | Monthly | 9.0% | 9.38% | INR 1,000 |
| Series 5 | 39 months | Cumulative | NA | 9.25% | INR 1,333 |
| Series 6 | 48 months | Monthly | 9.50% | 9.92% | 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 April 2023 Subscription Status (no. of times)
| Date | QIB | NII | HNI | Retail | Total |
| 25 Apr 2023 | 0.00 | 0.00 | 3.62 | 0.00 | 1.09 |
| 24 Apr 2023 | 0.00 | 0.00 | 3.39 | 0.00 | 1.02 |
| 21 Apr 2023 | 0.00 | 0.00 | 3.06 | 0.00 | 0.92 |
| 20 Apr 2023 | 0.00 | 0.00 | 2.86 | 0.00 | 0.86 |
| 19 Apr 2023 | 0.00 | 0.00 | 2.60 | 0.00 | 0.78 |
| 18 Apr 2023 | 0.00 | 0.00 | 2.33 | 0.00 | 0.70 |
| 17 Apr 2023 | 0.00 | 0.00 | 2.02 | 0.00 | 0.60 |
| 13 Apr 2023 | 0.00 | 0.00 | 1.75 | 0.00 | 0.53 |
| 12 Apr 2023 | 0.00 | 0.00 | 1.15 | 0.00 | 0.34 |
| 11 Apr 2023 | 0.00 | 0.00 | 0.56 | 0.00 | 0.17 |
Kosamattam Finance NCD April 2023 Allotment Status
Kosamattam Finance NCD April 2023 allotment status is now updated on the KFin Technologies’ website. Click on this link to get allotment status.
Kosamattam Finance NCD April 2023 FAQs
What is the face value and lot size of Kosamattam Finance NCD April 2023?
The NCDs will be issued at 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 April 2023?
The frequency of payment for Kosamattam Finance NCD is Monthly & Cumulative.
What is basis of allotment in Kosamattam Finance NCD April 2023 offer?
Kosamattam Finance NCDs will be allotted on a First Come First Serve Basis.
