Kosamattam Finance NCD: Kosamattam Finance Limited is issuing its non-convertible debenture from 27-Dec-2018 to 25-Jan-2019.
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:-
- For the purpose of onward lending and for repayment of interest and principal of existing loans, and
- 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
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.
Follow us on Facebook, LinkedIn, and Twitter to get the latest posts.
Tags: #debenture #nonconvertible debenture #bond #Investment #NCD #Kosamattam Finance
