Kosamattam Finance NCD March 2021
Kosamattam Finance issued the Non-Convertible Debentures (NCD) subscription from 30th March, 2021 and ending on 23rd April,, 2021.
Kosamattam Finance offering upto 10.75% interest rates on the NCDs. The NCDs tenure will be for 24 months, 36 months, 39 months, 42 months, 48 months, 66 months and 84 months
Table of Content
Kosamattam Finance NCD March 2021 Details
| Description | Details |
|---|---|
| Security Name | Kosamattam Finance Limited |
| Issue Period | Mar 30, 2021 – Apr 23, 2021 |
| Issue size | Rs. 17,500 Lakhs |
| Issue Price | Rs.1000 per NCD |
| Face value | Rs.1000 per NCD |
| Market Lot | 1 NCD |
| Minuimum Lot Size | 10 NCD (Rs.10000) |
| Listing At | BSE |
| Credit Rating | ‘BWR BBB+’Outlook Stable, by Brickwork Ratings India Private Limited |
| Allotment | First Come First Serve Basis |
Objects of the Issue
- For the purpose of onward lending;
- For repayment of interest and principal of existing debts of our Company; and
- For general corporate purposes;
Terms of the NCDs – Interest Rates & Tenor
| Series | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 |
| Tenor | 400 days | 24 Months | 36 Months | 36 Months | 42 Months | 48 Months | 66 Months | 84 Months |
| Frequency of Interest Payment | Cumulative | Monthly | Monthly | Cumulative | Monthly | Cumulative | Monthly | Cumulative |
| Coupon Rate (Retail) | NA | 8.50% | 9.25% | NA | 10 | NA | 10.25% | NA |
| Redemption Amount | Rs 1,088 | Rs 1,000 | Rs 1,000 | Rs 1,306 | Rs 1,000 | Rs 1,500 | Rs 1,000 | Rs 2,000 |
| Effective Yield (%) (per annum) | 8.00% | 8.84% | 9.65% | 9.31% | 10.47% | 10.67% | 10.75% | 10.41% |
Kosamattam Finance NCD March 2021 Lead Manager(s)
- Karvy Investor Services Limited
- SMC Capitals Limited
Kosamattam Finance NCD March 2021 Registrar to the Issue
- KFintech Private Limited
Kosamattam Finance NCD Mar 2021 – Documents
Important FAQs
When is the Kosamattam Finance NCD Mar 2021 issue open date ?
The Kosamattam Finance NCD issue open date is on 30th March, 2021
When is the Kosamattam Finance NCD Mar 2021 issue close date ?
The Kosamattam Finance NCD issue close date is on 23rd April,, 2021
When is the price for one NCD for Kosamattam Finance NCD Mar 2021 issue ?
The price band is Rs 1000 per NCD and minimum lot size is 10 Bonds (Rs. 10,000)
How to Apply Kosamattam Finance NCD Mar 2021 issue?
Apply from your demat account. You can apply via downloading form from the official website and filling up all the details with the cheque of said amount. You can submit it to the collection centres.