Kosamattam Finance NCD September 2021 – Issue Date, Review & Interest Rates
About Kosamattam Finance
Kosamattam Finance is a non-deposit taking NBFC primarily engaged in the Gold Loan business, lending money against the pledge of household jewellery (“Gold Loans”) in the state of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Delhi, Maharashtra, Gujarat and Telangana along with the Union Territory of Puducherry.
As on June 30, 2021, Kosamattam Finance had a network of 974 branches spread in the states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Delhi, Maharashtra, Gujarat and Telangana along with the Union Territory of Puducherry and we employed 3,130 persons in our business operations. Kosamattam Finance headquartered in Kottayam in the state of Kerala.
Kosamattam Finance NCD September 2021 Details
| Description | Details |
|---|---|
| Issue Size | Base Issue of Rs. 15,000 Lakhs with an option to retain oversubscription upto Rs. 15,000 Lakhs, aggregating upto to Rs. 30,000 Lakhs, within the Limit of Rs 30,000 Lakhs |
| NCD Issue Open | 30-Aug-21 |
| NCD Issue Close | 24-Sep-21 |
| Security Type | Secured Redeemable non-convertible Debentures |
| Price Band | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 Bonds (Rs.10,000) |
| Series | I-VIII |
| Credit Rating | ‘BWR BBB+/Stable’, by Brickwork Ratings India Private Limited |
| Payment Frequency | Monthly, Cumulative |
| Basis of Allotment | First Come First Serve Basis |
| Symbol | |
| Listing At | BSE |
Terms of the NCDs
| Series | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 |
| Tenor | 20 Months | 24 Months | 36 Months | 36 Months | 42 Months | 50 Months | 72 Months | 84 Months |
| Frequency of Interest Payment | Cumulative | Monthly | Monthly | Cumulative | Monthly | Cumulative | Monthly | Cumulative |
| Coupon Rate | NA | 8.50% | 9.00% | NA | 10.00% | NA | 9.00% | NA |
| Effective Yield (%) (per annum) | 8.30% | 8.84% | 9.38% | 9.50% | 10.47% | 10.22% | 9.38% | 10.41% |
| Amount (₹ / NCD) on Maturity for Unsecured NCD Holders in all Category) | Rs 1,142 | Rs.1000 | Rs.1000 | Rs. 1,313 | Rs..1000 | Rs.1,500 | Rs.1000 | Rs 2,000 |
Objects of the Issue
- The purpose of onward lending
- Repayment of interest and principal of existing debts of the Company; and
- General corporate purposes;
Kosamattam Finance NCD September 2021 – Documents
Kosamattam Finance NCD September 2021 Lead Managers
- Karvy Investor Services Limited
- SMC Capitals Limited
Kosamattam Finance NCD September 2021 Registrar
- KFintech Private Limited
Kosamattam Finance NCD September 2021 – FAQs
When is the Kosamattam Finance NCD August – September 2021 issue open date?
The Kosamattam Finance NCD August – September 2021 issue open date is on 30th August, 2021
When is the Kosamattam Finance NCD September 2021 issue close date?
The Kosamattam Finance NCD issue close date is on 24th September, 2021
What is the price for one NCD for Kosamattam Finance NCD September 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 September 2021 issue?
Apply from your Demat account. You can apply via downloading the 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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