Kosamattam Finance Ltd.

Kosamattam Finance Ltd. NCD Details

Kosamattam Finance Ltd. NCD Subscription Period From 16th September To 13th October 2020:

To begin with, Kosamattam Finance Ltd. was embedded in 1987 and located at Kerala. It is a non-deposit taking the non-banking financial company. The company is mainly involved in gold loans. The NCD subscription period started on September 16th and it will end on October 13th, 2020. 

NCD Details:

Bid Period 16th September To 13th October 2020
Security Name Kosamattam Finance Ltd
Security Type Secured, Redeemable, Non-Convertible Debentures
Issue Size (Base) Rs. 150 Cr
Issue Size (Shelf) Rs. 300 Cr
Issue Price  Rs. 1,000 per NCD
Face Value Rs. 1,000 per NCD
Minimum Lot Size 10 NCD
Market Lot 1NCD
Listing At BSE
Creadit Rating IND BBB/ Stable
Series I ti VIII Series
Payment Frequency Monthly and Cumulative
Basis of Allotment First Come First Serve Basis

Kosamattam Finance Limited plans to raise a base issue size of Rs. 150 cr. Initially, every investor needs to invest a minimum of 10 NCDs with a market lot of 1 NCD. The face value of this fund is Rs. 1,000 per NCD. It also provides different interest rates and tenures of 30 months, 39 months, 42 months, 50 Months, 84 Months, 400 days. 

Kosamattam Finance Ltd. Coupon Rates:

Series Frequency Tenure  Coupon Rate Maturity Amount
I Cumulative 400 Days NA Rs. 1,093.50
II Monthly 30 Months 9.50% Rs. 1,000.00
III Cumulative 30 Months NA Rs. 1,250.00
IV Monthly 39 Months 10.00% Rs. 1,000.00
V Cumulative 42 Months NA Rs. 1,390.00
VI Cumulative 50 Months NA Rs. 1,500.00
VII Monthly 84 Months 10.25% Rs. 1,000.00
VIII Cumulative 84 Months NA Rs. 2,000.00

The Indian Rating Agency rated the NCD as IND BBB/ Stable. It will be listed on the Bombay Stock Exchange (BSE). The promoters of the company are Mattew K. Cherian Laila Mathew and Jillu Saju Varghese.

Disclaimer: This article provides information about the scheme. It does not give any advice or recommendation. Please consult your financial adviser before investing. 

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