ALL >> Business >> View Article
Kosamattam Finance Limited Ncd Details

Kosamattam Finance Limited NCD Period Starts From Mar 19, 2020, To Apr 15, 2020:
Regardless, the Kerala-based Kosamattam Finance Limited has typified in 1987. So at that point, it came up as a non-store taking NBFC and functions as a gold advance supplier. In addition, the organization has a decent reach in the Union Territory of Puducherry, Maharashtra, Delhi, and Andhra Pradesh. It additionally has its reality in Karnataka, Telangana, Gujarat, Tamil Nadu, and Kerala.
While the organization comes as a RBI enlisted NBFC and furthermore has a Full-Fledged Money Changers (FFMC) permit. Notwithstanding, it likewise holds a testament of enrollment to fill in as a Depository Participant and Corporate Agent.
Essentially, the organization assembles itself to present another Non-Convertible Debentures Fund. The reserve appears to begin on March 19, 2020 and would stay shut by April 15, 2020.
NCD Details:
Bid Period March 19, 2020 – April 15, 2020
Security Name Kosamattam Finance Ltd.
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs), and Unsecured ...
... Subordinated Non-Convertible Debentures (Unsecured NCDs)
Issue Size (Base) Rs 150.00 crores
Issue Size (Shelf) Rs 300.00 crores
Issue Price Rs 1000 for each NCD
Face value Rs 1000 each NCD
Minimum Lot Size 10 NCD
Market Lot 1 NCD
Posting At BSE
Credit rating IND BBB/Stable
Tenor 15 Mon/21 Mon/39 Mon/48 Mon/66 Mon/84 Months
Series Series I to Series VIII
Installment Frequency Monthly and Cumulative
Premise of Allotment First Come First Serve Basis
The organization has wanted to raise a base size of Rs 150 crores. So at that point, the financial specialists need to contribute at least 10 bonds. What's more, in products of 1 NCD bond. Likewise, the presumptive worth of the plan remains Rs 1000 for NCD bond. Additionally, it gives different loan costs and residencies of 15, 21, 39, 48, 66, and 84 months. Be that as it may, it comes accessible in 8 arrangement.
Kosamattam Finance Ltd. NCD Coupon Rates:
Arrangement Frequency Tenor (in Months) Coupon Rate Maturity Amount
I Cumulative 15 NA Rs 1,120
II Monthly 21 9.75% Rs 1,000
III Monthly 39 10% Rs 1,000
IV Cumulative 39 NA Rs 1,385
V Cumulative 48 NA Rs 1,500
VI Cumulative 66 NA Rs 1,750
VII Monthly 84 10.25% Rs 1,000
VIII Cumulative 84 NA Rs 2,000
Additionally, the NCD proposed to remain gave under "IND BBB" standpoint stable, by Indian Ratings and Research Private Limited. In addition, the sum faced Rs 35,000 lakhs dated September 30, 2019.
Disclaimer: This article gives data about the plan. It doesn't offer any guidance or suggestion. It would be ideal if you counsel your money related guide before contributing.
Add Comment
Business Articles
1. Most Expensive Places To Live In Dubai 2025: Top 14 Luxury AreasAuthor: luxury Spaces
2. Lucintel Forecasts The Phototherapy Lamp Market In Germany To Reach $1 Billion By 2031
Author: Lucintel LLC
3. Lucintel Forecasts The Percussion Instrument Market In United States To Reach $2 Billion By 2031
Author: Lucintel LLC
4. Lucintel Forecasts The Percussion Instrument Market In Japan To Reach $2 Billion By 2031
Author: Lucintel LLC
5. Gojek Clone App Script – A Complete Guide For Startups & Enterprises
Author: Swiza Joy
6. Lucintel Forecasts The Percussion Instrument Market In Germany To Reach $2 Billion By 2031
Author: Lucintel LLC
7. Web Design In The Age Of Ai: Opportunities And Challenges For Digital Marketers
Author: Vikram kumar
8. Lucintel Forecasts The Lung Cancer Surgery Market In United States To Reach $6 Billion By 2031
Author: Lucintel LLC
9. Salary Loans For Salaried Employees
Author: salarytopup
10. How Performance Testing Services Boost Software Quality
Author: Arnav Goyal
11. Byst: The Power Of Strong Business Mentors For Entrepreneurial Growth
Author: Byst Youth
12. How Iso 27001 Auditor Training Prepares Individuals For Internal Audits
Author: Jane
13. How To Sell My House Fast In Kentucky: A Homeowner's Guide?
Author: Adams Kirsten
14. Attractions And Living: Homes For Sale In Lexington, Ky
Author: Adams Kirsten
15. Trusted Old Coin Buyer: How To Sell Your Old Coins Safely In India
Author: surbhi