Kosamattam Finance Ltd. NCD Subscription Period From 16th September To 13th October 2020

 

Kosamattam Finance Ltd. was embedded in 1987 and located at Kerala. It is a non-deposit taking the non-banking financial company. The company is mainly involved in gold loans. The NCD subscription period started on September 16th and it will end on October 13th, 2020. 

NCD Details:

1	Bid Period	16th September To 13th October 2020
2	Security Name	Kosamattam Finance Ltd
3	Security Type	Secured, Redeemable, Non-Convertible Debentures
4	Issue Size (Base)	Rs. 150 Cr
5	Issue Size (Shelf))	Rs. 300 Cr
6	Issue Price	Rs. 1,000 per NCD
7	Face Value	Rs. 1,000 per NCD
8	Minimum Lot Size	10 NCD
9	Market Lot	1 NCD
10	Listing At	BSE
11	Creadit Rating	IND BBB/ Stable
12	Series	I ti VIII Series
13	Payment Frequency	Monthly and Cumulative
14	Basis of Allotment	First Come First Serve Basis

Kosamattam Finance Limited plans to raise a base issue size of Rs. 150 cr. Initially, every investor needs to invest a minimum of 10 NCDs with a market lot of 1 NCD. The face value of this fund is Rs. 1,000 per NCD. It also provides different interest rates and tenures of 30 months, 39 months, 42 months, 50 Months, 84 Months, 400 days. 

Series	Frequency	Tenure	Coupon Rate	Maturity Amount
I	Cumulative	400 Days	NA	Rs. 1,093.50
II	Monthly	30 Months	9.50%	Rs. 1,000.00
III	Cumulative	30 Months	NA	Rs. 1,250.00
IV	Monthly	39 Months	10.00%	Rs. 1,000.00
V	Cumulative	42 Months	NA	Rs. 1,390.00
VI	Cumulative	50 Months	NA	Rs. 1,500.00
VII	Monthly	84 Months	10.25%	Rs. 1,000.00
VIII	Cumulative	84 Months	NA	Rs. 2,000.00

The Indian Rating Agency rated the NCD as IND BBB/ Stable. It will be listed on the Bombay Stock Exchange (BSE). The promoters of the company are Mattew K. Cherian Laila Mathew and Jillu Saju Varghese.