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The Kosamattam group was originally founded by Chacko Varkey (also known as Nasrani Varkey). His great grandson, Mathew K. Cherian, the present Chairman and Managing Director of Kosamattam Group is a fourthgeneration entrepreneur in the family.

Kosamttam Finance Limited (‘Company’) is emerging as a prominent Gold Loan business company with 939 branches, as on September 30, 2019, largely spread across southern India.

The company is systemically important 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.

For the six-month period ending on September 30, 2019 and for the financial years ended March 31, 2019, March 31, 2018, and March 31, 2017, yield on Gold Loan assets were 17.55%, 20.74%, 21.13% and 26.35%, respectively.

Kosamattam Finance Limited NCD - Issue Details:

Issuer Kosamattam Finance Limited (View Report)
Issue Type Secured and Unsecured Redeemable Non-Convertible Debentures
Issue Period Issue Opens: Monday, Nov 11, 2019
Issue Closes: Tuesday, Dec 10, 2019
Coupon Rate 10.71% p.a *
Issue Size Base Issue of Rs. 175 Crores with an option to retain oversubscription up to Rs. 175 Crores aggregating upto Rs.350 Crores.
Face Value Rs. 1,000 per NCD
Minimum Application Size 10 NCDs (Rs. 10,000) and in the multiple of One NCD thereafter
Credit Rating ‘IND BBB’ Outlook Stable, by India Rating & Research Private Limited (“India Rating”)
Mode of Allotment & Trading In Dematerialised Form
QIB 10% of issue size
Non Institutional 40% of issue size
Retail Individual 50% of issue size
Listing BSE
Depositories NSDL & CDSL
Registrar Karvy Fintech Private Limited
Book Running Lead Managers Karvy Investor Services Limited and SMC Capitals Limited
* Highest yield


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