Kosamattam Finance Ltd NCD Issue open from 18 July 2014 & Issue close date 12 August 2014. Issue size of Rs. 100 Cr. With an option to retain over- Subscription upto Rs. 50 Cr., aggregating to a total up to Rs. 150 Cr. Company reduce Interest rate 0.50% (Tranche 2) , If Issue subscribe earlier next time again reduce interest rate. So it’s not good policy as Investor point of view.
Allotment -First Come First Serve Basis . Issue Closing Date depend upon subscription if issue subscribe early then issue close 1day short notice Otherwise Last date of Issue Close 12 August 2014.
Note : All Debt Issue applications must be bidded before getting submitted with the collection bankers. Kindly ensure to Bid application before Banking.
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[wptabtitle] Product Note[/wptabtitle] [wptabcontent]Issue Highlight – [ws_table id=”498″]
Issue Structure -Interest Rate Details for Retail Investor – [ws_table id=”499″]
Cheque Details-
Retail Investor : ” “
Note : Application will be rejected if banked without uploading in the electronic system of the recognized stock exchange. (Bidding process)
Who can not Apply
- Minors without a guardian name
- Individuals or entities that are not resident in India and
- Person ineligible to contract under applicable statutory / regulatory requirement
Source : KFL Prospectus Dated March 24, 2014 [/wptabcontent]
[wptabtitle] About Issue[/wptabtitle] [wptabcontent]About the Issuer
Kosamattam Finance Ltd, headquartered in the southern Indian state of Kerala, is a NBFC lending money against pledge of used household gold jewellery “Gold Loans” in the state of Kerala, TamilNadu, Karnataka Andra Pradesh, Delhi and in the Union Territory of Poducherry.
The Kosamattam group was originally founded by Mr. Chacko Varkey. His grandson, Mr. Mathew K. Cherian, the present Chairman and managing director of Kosamattam Group is a fourth generation entrepreneur in the family.
As on February 28, 2014, KFL is having a branch network of 781 branches largely spread across southern India. The Gold Loan portfolio of KFL as of Dec 31, 2013 is comprised of 308745 gold loan accounts, aggregating Rs. 950 Cr. which is 96.10% of the total loans and advances.
Gross non-performing glold loan assets were 0.17%, 0.31%, 0.36% and 0.02% of gross Gold Loan portfolio under management as of Dec 31, 2013, Mar 31, 2013, 2012 and 2011 respectively.
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[wptabtitle] Subscription[/wptabtitle] [wptabcontent] [ws_table id=”502″]
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[wptabtitle]Listing[/wptabtitle] [wptabcontent]
Kosamattam Finance Ltd NCD Allotment Listing Details with ISIN No , Script Code, Interest Payment Date etc.[ws_table id=””]
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rajendra@puneinvest.com
Mobile 7719917444