Home NCD Bonds Kosamattam Finance NCD March 2021 – Issue Date, Review & Interest...

Kosamattam Finance NCD March 2021 – Issue Date, Review & Interest Rates

Kosamattam Finance NCD March 2021

Latest NCD

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

Kosamattam Finance NCD March 2021

Kosamattam Finance NCD March 2021 Details

DescriptionDetails
Security NameKosamattam Finance Limited
Issue PeriodMar 30, 2021 – Apr 23, 2021
Issue sizeRs. 17,500 Lakhs
Issue PriceRs.1000 per NCD
Face valueRs.1000 per NCD
Market Lot1 NCD
Minuimum Lot Size 10 NCD  (Rs.10000)
Listing At BSE
Credit Rating‘BWR BBB+’Outlook Stable, by Brickwork Ratings India Private Limited
AllotmentFirst Come First Serve Basis

Objects of the Issue

  1. For the purpose of onward lending;
  2. For repayment of interest and principal of existing debts of our Company; and
  3. For general corporate purposes;

Terms of the NCDs – Interest Rates & Tenor

SeriesSeries 1Series 2Series 3Series 4Series 5Series 6Series 7Series 8
Tenor400 days24 Months36 Months36 Months42 Months48 Months66 Months84 Months
Frequency of Interest PaymentCumulativeMonthlyMonthlyCumulativeMonthlyCumulativeMonthlyCumulative
Coupon Rate (Retail)NA8.50%9.25%NA10NA10.25%NA
Redemption AmountRs 1,088Rs 1,000Rs 1,000Rs 1,306Rs 1,000Rs 1,500Rs 1,000Rs 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

Red Herring Prospectus

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.

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