Kosamattam Finance NCD Bonds 2021 are Open on 30 August 2021 and to close on 24 September 2021. The Company will offer 10.47% interest rates on the NCD Bonds. And NCD tenure will be applicable for 20 Months, 24 months, 36 months, 42 months, 50 months, 72 Months, and 84 Months. The company will raise a fund of ₹150 crores through this NCD, the company has fixed the NCD price band at ₹1000 for this according to the face value of ₹1000.
Kosamattam Group is building businesses that will achieve growth through excellence and innovation while balancing the interests of its customers, employees, and civil society. Based on the performance of all Kosamattam group companies over the years, the Kosamattam brand has come to stand for not only ‘Trust’ but quality, business leadership, the highest ethical standards, and respect for all its customers.
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The Kosamattam group was originally founded by Nasrani Varkey. His great-grandson, Mathew K. Cherian, the
present Chairman and Managing Director of Kosamattam Group is a fourth-generation entrepreneur in the family.
Under his able leadership, our Company is emerging as a prominent Gold Loan business company with 974
branches, as of June 30, 2021, largely spread across southern India.
Kosamattam Finance NCD Review :
■ Apply Your Own Risk
Kosamattam Finance NCD Security Name :
■ Kosamattam Finance & Housing Finance Limited
Kosamattam Finance NCD Security Type :
■ Secured redeemable non-convertible debentures
Kosamattam Finance NCD Ratings
| Agency | Rating |
| Brickwork Ratings | BBB+/Stable |
Kosamattam Finance NCD Bonds Issue Details
| Issue Open : | 30 August 2021 |
| Issue Close | 24 September 2021 |
| Issue Base Size | ₹150 Cr. |
| Issue Shelf Size | ₹0 Cr. |
| Price Band | ₹1000 Per NCD |
| Face Value | ₹1000 Each NCD |
| Interest Rate | 10.47% Annual |
| Listing on | BSE Platform |
Kosamattam Finance NCD Market Lot
| Market Lot : | 10 |
| Minimum Lot size : | 10 NCD |
| Minimum Investment : | ₹10,000 |
Kosamattam Finance NCD Bond Issue Tenure & Interest Rates
| SR | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
|---|---|---|---|---|---|---|---|---|
| Tenure | 20 Month | 24 Month | 36 Month | 36 Month | 42 Month | 50 Month | 72 Month | 80 Month |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Interest | Cumulative | Monthly | Monthly | Cumulative | Monthly | Cumulative | Monthly | Cumulative |
| Coupon Rate | N/A | 8.50% | 9.0% | N/A | 10.00% | N/A | 9.00% | N/A |
| Effective Yield | 8.30% | 8.84% | 9.38% | 9.50% | 10.47% | 10.22% | 9.38% | 10.41% |
| Maturity | 1142 | 1000 | 1000 | 1313 | 1000 | 1500 | 1000 | 2000 |
About Kosamattam Finance Company
We are a systemically important non-deposit taking NBFC primarily engaged in the Gold Loan business, lending money against the pledge of household jewelry (“Gold Loans”) in the state of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Delhi, Maharashtra, Gujarat, and Telangana along with the Union Territory of Puducherry.
Our Gold Loan portfolio for the financial years ending on March 31, 2021, March 31, 2020 and March 31, 2019 and comprised of 7,18,836, 7,07,856, and 6,63,694, respectively gold loan accounts, aggregating to ₹3,14,609.59 lakhs, ₹2,64,495.77 lakhs and ₹2,21,230.86 lakhs, respectively, which is 98.34%, 97.29% and 94.94% of our total loans portfolio as on those dates.
As of June 30, 2021, we had a network of 974 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 we employed 3,130 persons in our business operations. We belong to the Kosamattam Group led by Mathew K. Cherian. We are headquartered in Kottayam in the state of Kerala. We are registered with RBI as a systemically important, non-deposit-taking NBFC (Registration No. B-16.00117 dated December 19, 2013) under Section 45 IA of the RBI Act.
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we also have a Full-Fledged Money Changers (“FFMC”) license bearing number FE.CHN.FFMC.40/2006 dated February 7, 2006 which is valid up to February 28, 2023. The Kosamattam group was originally founded by Nasrani Varkey. His great-grandson, Mathew K. Cherian, the present Chairman and Managing Director of Kosamattam Group is a fourth-generation entrepreneur in the family. Under his able leadership, our Company is emerging as a prominent Gold Loan business company with 974 branches, as of June 30, 2021, largely spread across southern India. Gold Loan is the most significant product in the product portfolio of our Company.
Our Gold Loan customers are typically businessmen, vendors, traders, farmers, salaried individuals, and families, who for reasons of convenience, accessibility, or necessity, avail of our credit facilities by pledging their gold jewelry with us under our various gold loan schemes. These Gold Loan schemes are designed such that higher per gram rates are offered at higher interests and vice versa, subject to applicable laws. This enables our customers to choose the Gold Loan scheme best suited to their requirements. These Gold Loan schemes are revised by us, from time to time based on the rates of gold, the market conditions, and regulatory requirements.
Our Gold Loans are sanctioned for a tenure of up to 12 months, with an option to our customers to foreclose the Gold Loan. Our average Gold Loan amount outstanding was ₹43,864, ₹37,366 and ₹33,725 per loan account, for the financial years ended on March 31, 2021, March 31, 2020, and March 31, 2019, respectively. For the financial years ended March 31, 2021, March 31, 2020, and March 31, 2019, our yield on Gold Loan assets were 17.77%, 19.43%, and 20.56%, respectively.
For the financial years ended March 31, 2021, March 31, 2020, March 31, 2019, March 31, 2018, and March 31, 2017, our total income was ₹54,225.97 lakhs, ₹49,933.42 lakhs, ₹47,554.47 lakhs, ₹43,422.65 lakhs, and ₹36,031.13 lakhs, respectively. Our profit after tax for the financial years ended March 31, 2021, March 31, 2020, March 31, 2019, March 31, 2018, and March 31, 2017, was ₹6,524.61 lakhs, ₹4,766.38 lakhs, ₹4,336.07 lakhs, ₹2,670.75 lakhs and ₹1,573.90 lakhs, respectively. For the financial years ended March 31, 2021, March 31, 2020, March 31, 2019, March 31, 2018, and March 31, 2017, revenues from our Gold Loan business constituted 94.89%, 93.73%, 91.44%, 92.07%, and 91.25% of our total income for the respective year.
Company Promoters :
■ Mathew K. Cherian
Kosamattam Finance Board of Directors
| Name | Designation |
| Mathew K. Cherian | Chairman and Managing Director |
| Laila Mathew | Whole-Time Director |
| Jilu Saju Varghese | Non-Executive Director |
| Paul Jose Maliakal | Independent Director |
| C. Thomas John | Independent Director |
| Kavil Viswambharan Raveendravilasam | Independent Director |
Quick Link :
Kosamattam Finance IPO Lead Managers :
■ Karvy Investor Services Limited
■ SMC Capitals Limited
Kosamattam Finance Debenture Trustee
Vistra ITCL (India) Limited
The IL&FS Financial Center,
Plot No. C – 22, G Block,
Bandra Kurla Complex, Bandra (East),
Mumbai – 400 051
Tel: +91 22 2659 3333
Fax: +91 22 2653 3297
Email: [email protected]
Website: www.vistraitcl.com
Kosamattam Finance NCD IPO Registrar :
Kfin Technologies Private Limited
Selenium Tower B, Plot 31-32,
Financial District, Nanakramguda, Serilingampally, Hyderabad,
Rangareddy, Telangana – 500 032, India
Tel: +91 40 6716 2222
Fax: +91 40 2343 1551
Toll-Free No.: 18003454001
Email: [email protected]
Investor Grievance Email: [email protected]
Website: www.kfintech.com
Company Address :
Kosamattam Mathew K. Cherian Building,
Market Junction, M. L. Road,
Kottayam – 686 001,
Kerala, India
Email: [email protected]
Tel.: +91 481 258 6400
Fax: +91 481 258 6500
Website: www.kosamattam.com
Kosamattam Finance NCD FAQs:
What is Kosamattam Finance NCD?
Kosamattam Finance NCD is Security Bond.
When Kosamattam Finance NCD will open?
The Kosamattam Finance NCD is to open on 30 August 2021 and close on 24 September 2021.
What is the Kosamattam Finance NCD Size?
Kosamattam Finance NCD size is ₹150 Crores.
What is the issue Shelf size of Kosamattam Finance NCD?
The Fresh issue size of Kosamattam Finance NCD ₹0 Cr.
What is Kosamattam Finance NCD Price Band?
Kosamattam Finance NCD Price Band is ₹1000 Per NCD.
What is Kosamattam Finance NCD Minimum Lot Size?
The Kosamattam Finance NCD Minimum Lot Size 10.
What is Kosamattam Finance NCD Interest Rate?
The Kosamattam Finance NCD Interest Rate is 10.47% Annual.
What is the Kosamattam Finance NCD Allotment Date?
Kosamattam Finance NCD allotment date is 30 September 2021.
What is Kosamattam Finance NCD Listing Date?
Kosamattam Finance NCD listing date is Not Declare. The IPO to list on BSE.
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