This entry is part 2 of 3 in the series KFL NCD

Kosamattam Finance Ltd   NCD  Issue open from 18 July 2014 & Issue close date 12 August 2014. Issue size of Rs. 100 Cr. With an option to retain over- Subscription upto Rs. 50 Cr., aggregating to a total up to Rs. 150 Cr.  Company reduce Interest rate 0.50% (Tranche 2) , If Issue subscribe earlier next time again reduce interest rate. So it’s not good policy as Investor point of view.  

 Allotment -First Come First Serve Basis . Issue Closing Date depend upon subscription if issue subscribe early then issue close  1day short notice Otherwise Last date of Issue Close 12 August 2014.  

Note : All Debt Issue applications must be bidded before getting submitted with the collection bankers. Kindly ensure to Bid application  before Banking. 

Product Note

Issue Highlight – 
IssuerKosamattam Finance Ltd - Tranche 2
Type of InstrumentSecured, NCD
Issue Open18 July 2014
Issue Close12 August 2014 (with option of early closure or extension)
Issue Size100 Cr. with an option to retain oversubscription of 50 Cr. Total 150 Cr
Face ValueRs. 1,000
Min. Application Size10 Bonds (Rs.10000) & multiply of 1 NCD thereafter (across all series NCD)
Interest Annually, Various Option
Mode of AllotmentD'mat as well as Physical Form
Rating CARE - "BBB-" (TRIPLE B MINUS)
ListingProposed on BSE
Interest on Application on Amount Allotted
Interest on Application on Amount to be refunded

Issue Structure -Interest Rate Details for Retail Investor –  

OptionsIIIIIIIVVVIVII
Tenor400 DAYS400 DAYS18 M18 M36 M36 M70 M
Coupon Rate- Cat I,II, III11.50%NA12.00%NA-12.50%-NA-NA
Coupon for Senior Citizen12.00%NA12.50%NA13.00%NANA
Face Value1000100010001000100010001000
Maturity1000+ accrued Interest1132.241000+ accrued Interest1193.241000+ accrued Interest1442.902000
Maturity - Sr. Citizen1000+ accrued Interest1137.781000+ accrued Interest1201.211000+ accrued Interest1462.142000
Interest PaymentMonthlyCumulativeMonthlyCumulativeMonthlyCumulativeCumulative
Effective Yield12.13%12.00%12.68%12.50%13.24%13.00%12.62%
Effective Yield- Sr.Citizen12.68%12.50%13.24%13.00%13.80%13.50%12.62%

Cheque Details-  

Retail Investor              : ”  “

Note :   Application will be rejected if banked without uploading in the electronic system of the recognized stock exchange. (Bidding process)

Who can not Apply

  • Minors without a guardian name
  • Individuals or entities that are not resident in India and
  • Person ineligible to contract under applicable statutory / regulatory requirement

Source : KFL Prospectus Dated March 24, 2014 

About Issue

About the Issuer

Kosamattam Finance Ltd, headquartered in the southern Indian state of Kerala, is a NBFC lending money against pledge of used household gold jewellery “Gold Loans” in the state of Kerala, TamilNadu, Karnataka Andra Pradesh, Delhi and in the Union Territory of Poducherry.

The Kosamattam group was originally founded by Mr. Chacko Varkey. His grandson, Mr. Mathew K. Cherian, the present Chairman and managing director of Kosamattam Group is a fourth generation entrepreneur in the family.

As on February 28, 2014, KFL is having a branch network of 781 branches largely spread across southern India. The Gold Loan portfolio of KFL as of Dec 31, 2013 is comprised of 308745 gold loan accounts, aggregating Rs. 950 Cr. which is 96.10% of the total loans and advances.

Gross non-performing glold loan assets were 0.17%, 0.31%, 0.36% and 0.02% of gross Gold Loan portfolio under management as of Dec 31, 2013, Mar 31, 2013, 2012 and 2011 respectively.

 

Subscription

 
Cat ICat IICat IIITotal
Issue Size15.0040.0075.00150.00
30 JulySubscribe-35.6097.23132.83
No of times-0.891.290.88
Unsubscribe15.004.40-17.17
28 JulySubscribe-23.6386.31109.94
No of times-0.591.150.73
Unsubscribe15.0016.37-40.06
21 JulySubscribe-9.2831.4640.74
No of times-0.230.420.27
Unsubscribe1530.7243.54109.26
18 JulySubscribe-0.230.730.97
No of times-0.040.010.01
Unsubscribe1539.7774.27149.03

Listing

Kosamattam Finance Ltd  NCD Allotment Listing Details with ISIN No , Script Code, Interest Payment Date etc.

ncdissue1
NCD Issue

Contact Us for Investment

rajendra@puneinvest.com

Mobile 7719917444

https://i1.wp.com/www.puneinvest.com/wp-content/uploads/2013/12/ncdissue1.jpg?fit=173%2C167https://i2.wp.com/www.puneinvest.com/wp-content/uploads/2013/12/ncdissue1.jpg?resize=150%2C150RajendraNCDkfl,ncdKosamattam Finance Ltd   NCD  Issue open from 18 July 2014 & Issue close date 12 August 2014. Issue size of Rs. 100 Cr. With an option to retain over- Subscription upto Rs. 50 Cr., aggregating to a total up to Rs. 150 Cr.  Company reduce Interest rate 0.50% (Tranche 2)...Investment you need