This entry is part 1 of 3 in the series KFL NCD

Kosamattam Finance Ltd   NCD  Issue open from 30 Sep 2014 & Issue close date 29 Oct 2014. Issue size of Rs. 100 Cr. With an option to retain over- Subscription upto Rs. 100 Cr., aggregating to a total up to Rs. 200 Cr.  Secure & Unsecure Option available.

Avoid 66 Month option (Unsecured Category Option)

 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 29  Oct 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 -
Type of InstrumentSecured, NCD
Issue Open30 Sep 2014
Issue Close29 Oct 2014 (with option of early closure or extension)
Issue Size100 Cr. with an option to retain oversubscription of 100 Cr. Total 200 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 Allotted11.00%
Interest on Application on Amount to be refunded4.00%

Issue Structure -Interest Rate Details for Retail Investor –  

OptionsIIIIIIIVVVIVII
SecureSecureSecureSecureSecureUnSecureUnSecure
Tenor18 M18 M36 M36 M39 M66 M66 M
Coupon Rate- Cat I,II, III11.75%NA12.25%NA-NA13.00%NA
Coupon for Senior Citizen12.25%NA12.75%NANA13.00%NA
Face Value1000100010001000100010001000
Maturity1000+ accrued Interest1189.271000+ accrued Interest1433.3415001000+ accrued Interest2000
Maturity - Sr. Citizen1000+ accrued Interest1197.221000+ accrued Interest1452.4915001000+ accrued Interest2000
Interest PaymentMonthlyCumulativeMonthlyCumulativeCumulativeMonthlyCumulative
Effective Yield12.40%12.25%12.96%12.75%13.29%13.80%13.43%
Effective Yield- Sr.Citizen12.96%12.75%13.52%13.25%13.29%13.80%13.43%

Cheque Details-  

Retail Investor              : ” Kosamattam Finance Ltd – NCD Escrow Account  “

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 ………………

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 Aug 30 2014, KFL is having a branch network of 848 branches largely spread across southern India. Their average gold loan amount outstanding was Rs.26,361 per loan account as of Mar 31 2014.

In addition to the core business of Gold loan, they also offer fee based ancillary services which includes money transfer service, foreign currency  exchange and air ticketing services.

Key Strengths

  • Part of Kosamattam group which has a long operating history and good large customer base.
  • Branch network across rural and semi-urban areas in South India.
  • Experience manangement team
  • Effective risk management system include appraisal , internal audit and inspections.

 

 

Subscription

 

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

RajendraNCDKosamattam Finance Ltd   NCD  Issue open from 30 Sep 2014 & Issue close date 29 Oct 2014. Issue size of Rs. 100 Cr. With an option to retain over- Subscription upto Rs. 100 Cr., aggregating to a total up to Rs. 200 Cr.  Secure & Unsecure Option available. Avoid 66...Investment you need