Kosamattam Finance Ncd: Kosamattam Finance Ncd July 2019 deatils

By Author: dariya
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Kosamattam Non-Convertible Debentures Scheme In July

Kosamattam Finance, one of the main Gold Loan suppliers in India. It is a non-banking money organization that has raised about Rs 150 crore from the capital market through an issue of Secured NCDs and Unsecured Subordinated Non-convertible Debentures. This non-banking Finance organization working from Kerala and has a nearness across south India.

Highlights of Kosamattam Finance NCD July 2019

Issue Open July 16, 2019, to August 14, 2019

Security Name Kosamattam Finance Ltd

Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) as well as Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs)

Issue Size (Base) Rs 150.00 Crores

Issue Size (Shelf) Rs 150.00 Crores

Issue Price Rs 1000 for each NCD

Face Value Rs 1000 each NCD

Least Lot size 10 NCD

Market Lot 1 NCD

Posting At BSE

Credit Rating IND BBB' Outlook Stable, by India Rating and Research Private Limited ("India Rating").

Tenor 400 days/two years/four years/60 months/84 ...
... months

Series Series I to Series VIII

Installment Frequency Cumulative and month to month.

Premise of Allotment First Come First Serve Basis

Kosamattam Finance NCD opened for membership on sixteenth August and will close on fourteenth August. The size of the issue is RS 150 crore. In addition, there is an opportunity to hold another Rs. 150 crore accumulation to Rs 300 crores. The NCDs offer loan costs start from 9.75% to 10.25%. The offer cost is fixed at Rs 1,000 for every NCD and the offer parcel is edge at 10. Financial specialists ought to contribute for at least Rs 10,000. The organization has been fixed a presumptive worth of Rs 1,000 for every NCD. Both Secured NCDs are accessible for 400days, two years, four years, 60 months, and 84 months tenor. It has month to month and combined Interest installment techniques. Kosamattam NCDs are fluid ventures and NCD bonds ought to be recorded on BSE. This offer is driven oversee by Karvy Investor Services Limited and SMC Capitals Limited.

Note: Non-inhabitant Indians (NRI's) are not qualified for this NCD.

Objects of the Issue:

1. For forward loaning,

2. Reimbursement of intrigue and head of existing advances,

3. General Corporate Purposes

The organization will utilize net continues raised from the Issue is 55 % for Onward loaning, 20 % for reimbursement of intrigue and head of existing advances, and 25 % for General corporate purposes.

NCD's Offered

Category NCD's Reserved

Classification 1 (QIB) 150,000

Classification 2 (NII) 600,000

Classification 3 (HNI) 750,000

Classification 4 (RII) 0

All out NCD's

1,500,000

Coupon Rates Offered In Kosamattam Finance July NCDs

Arrangement 1 Series 2 third Series Series 4 Series 5 sixth Series Series 7 Series 8

Recurrence of Interest Payment Cumulative Monthly Cumulative Monthly Cumulative

Tenor in Months 400 Days 24 36 48 60 84

Coupon Rate (Retail) For Category I and II/for III and IV NA 9.75% 10% NA 10% 10.25% NA

Sum on Maturity For Category I and II/for III and IV ₹1,101.81 ₹1,000 ₹1,350 ₹1,500 ₹1,000 ₹2,000

FICO scores for NCDs

The Issue has been appraised 'IND BBB' Outlook Stable, by India Rating and Research Private Limited ("India Rating") for a sum up to Rs 30,000 lakhs vide its letter dated June 26, 2019. The rating of NCDs by India Ratings shows that instruments with this rating are considered to have a moderate level of wellbeing in regards to opportune adjusting of money related commitments. Such instruments convey moderate credit hazard.

Prospectus Details of Kosamattam NCD

Draft Prospectus

Red Herring Prospectus 
Kosamattam Finance July 2019 Registrar

Karvy Computershare Private Limited

Karvy Registry House, 8-2-596, St. No. 1,

Banjara Hills, Hyderabad – 500 034

Andhra Pradesh, India

Telephone: +91-40-23312454

Email: einward.ris@karvy.com

Site: https://karisma.karvy.com/

About the Company:

Kosamattam Finance Limited is a fundamentally significant non-banking money organization. The primary reason for the organization is to give Gold Loan Business and Lending cash against the Pledge of Household Jewelry in the territory of