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HomeNCD BondsKosamattam Finance NCD August - September 2021 – Issue Date, Review &...

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

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

Latest NCD

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

DescriptionDetails
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)
SeriesI-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

SeriesSeries 1Series 2Series 3Series 4Series 5Series 6Series 7Series 8
Tenor20 Months24 Months36 Months36 Months42 Months50 Months72 Months84 Months
Frequency of Interest PaymentCumulativeMonthlyMonthlyCumulativeMonthlyCumulativeMonthlyCumulative
Coupon Rate NA8.50%9.00%NA10.00%NA9.00%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.1000Rs.1000Rs. 1,313 Rs..1000Rs.1,500 Rs.1000Rs 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?

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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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