Kosamattam Finance Limited Ncd Details

By Author: dariya hussain
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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.