Kosamattam Finance NCD July 2022 description – Kosamattam Finance 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. The company’s gold loan portfolio for the 12-month period ending 31 March 2022 comprised of 8,10,711 gold loan accounts, aggregating to INR3,65,802.24 lakhs. The company also has a Full-Fledged Money Changers (FFMC) license which is valid up to 28 February 2023.
As on 30 June 2022, it had a network of 997 branches and employed 3,570 persons in its business operations. Its Gold Loan customers are typically businessmen, vendors, traders, farmers, salaried individuals and families, who for reasons of convenience, accessibility or necessity, avail of credit facilities by pledging their gold jewellery.
In addition to the core business of Gold Loan, the company also offers fee based ancillary services which includes microfinance, money transfer services, foreign currency exchange, power generation, agriculture and air ticketing services.
Promoters of Kosamattam Finance Limited – Mathew K Cherian, Laila Mathew, Jilu Saju Varghese
Kosamattam Finance NCD July 2022 Details
| Subscription Dates | 13 July – 4 August 2022 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures |
| Face Value | INR1,000 per NCD |
| Issue Price | INR1,000 per NCD |
| Issue Size (Base) | INR175 crore |
| Overall Issue Size (including oversubscription) | INR300 crore |
| Minimum Lot size | 10 NCDs |
| Market Lot | 1 NCD |
| Tenor | 400 days 36 months 42 months 48 months 54 months 60 months 88 months |
| Credit Rating | BWR BBB+/Positive |
| 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 July 2022 – Options and Coupon Rates
| Option | Tenure | Interest Payment | Coupon Rate | Effective Yield | Maturity Amount |
| Series 1 | 400 days | Monthly | 7% | 7.23% | INR1,000 |
| Series 2 | 36 months | Monthly | 8.5% | 8.84% | INR1,000 |
| Series 3 | 36 months | Cumulative | NA | 9% | INR1,295 |
| Series 4 | 42 months | Monthly | 9% | 9.38% | INR1,000 |
| Series 5 | 48 months | Monthly | 9.5% | 9.92% | INR1,000 |
| Series 6 | 54 months | Cumulative | NA | 9.43% | INR1,500 |
| Series 7 | 60 months | Monthly | 9.25% | 9.65% | INR1,000 |
| Series 8 | 88 months | Cumulative | NA | 9.91% | INR2,000 |
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 31-32
Gachibowli, Financial District
Nanakramguda, Serilingampally,
Hyderabad 500 032
Phone: +91 40 6716 2222
Email: [email protected]
Website: www.kfintech.com
Kosamattam Finance NCD Documents
- Kosamattam Finance NCD Red Herring Prospectus
- Kosamattam Finance NCD Draft Prospectus
- Upcoming NCDs
Kosamattam Finance 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: https://www.kosamattam.com
Kosamattam Finance NCD July 2022 Subscription Status (no. of times)
| Dates | Category 1 (QIB) | Category 2 (NII) | Category 3 (HNI) | Category 4 (Retail) | Total |
| 4 Aug 2022 | 0.00 | 0.01 | 0.78 | 3.00 | 1.74 |
| 3 Aug 2022 | 0.00 | 0.01 | 4.85 | 0.00 | 1.46 |
| 2 Aug 2022 | 0.00 | 0.01 | 4.58 | 0.00 | 1.37 |
| 1 Aug 2022 | 0.00 | 0.01 | 4.05 | 0.00 | 1.21 |
| 29 July 2022 | 0.00 | 0.01 | 4.05 | 0.00 | 1.21 |
| 28 July 2022 | 0.00 | 0.01 | 3.83 | 0.00 | 1.15 |
| 27 July 2022 | 0.00 | 0.01 | 3.65 | 0.00 | 1.10 |
| 26 July 2022 | 0.00 | 0.01 | 3.46 | 0.00 | 1.04 |
| 25 July 2022 | 0.00 | 0.00 | 3.21 | 0.00 | 0.96 |
| 22 July 2022 | 0.00 | 0.00 | 2.89 | 0.00 | 0.87 |
| 21 July 2022 | 0.00 | 0.00 | 2.63 | 0.00 | 0.79 |
| 20 July 2022 | 0.00 | 0.00 | 2.25 | 0.00 | 0.68 |
| 18 July 2022 | 0.00 | 0.00 | 1.65 | 0.00 | 0.50 |
| 15 July 2022 | 0.00 | 0.00 | 1.09 | 0.00 | 0.33 |
| 14 July 2022 | 0.00 | 0.00 | 0.63 | 0.00 | 0.19 |
| 13 July 2022 | 0.00 | 0.00 | 0.23 | 0.00 | 0.07 |
Kosamattam Finance NCD July 2022 Allotment Status
Kosamattam Finance NCD 2022 allotment status will be updated at the website of KFin Technologies’ website. Click on this link to get allotment status.
Kosamattam Finance NCD July 2022 FAQs
What is the face value and lot size of Kosamattam Finance NCD 2022?
The NCDs will be issued at a face value of INR1,000 each NCD and the minimum lot size is 10 NCDs.
What is the frequency of interest payment in Kosamattam Finance NCD 2022?
The frequency of payment for Kosamattam Finance NCD is Monthly, Annual and Cumulative.
What is basis of allotment in Kosamattam Finance NCD 2022 offer?
Kosamattam Finance NCDs will be allotted on a First Come First Serve Basis.
