NCD Issue -Kosamattam Finance (KFL) Oct 2014

Kosamattam Finance Ltd NCD Issue open from 30 Sep 2014 & Issue close date 29 Oct 2014. Issue size of Rs. 100 Cr. With an option to retain over- Subscription upto Rs. 100 Cr., aggregating to a total up to Rs. 200 Cr. Secure & Unsecure Option available.

Avoid 66 Month option (Unsecured Category Option)

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 29 Oct 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=”570″]

Issue Structure -Interest Rate Details for Retail Investor – [ws_table id=”571″]

Cheque Details-

Retail Investor : ” Kosamattam Finance Ltd – NCD Escrow Account “

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 ………………[/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 Aug 30 2014, KFL is having a branch network of 848 branches largely spread across southern India. Their average gold loan amount outstanding was Rs.26,361 per loan account as of Mar 31 2014.

In addition to the core business of Gold loan, they also offer fee based ancillary services which includes money transfer service, foreign currency exchange and air ticketing services.

Key Strengths

Part of Kosamattam group which has a long operating history and good large customer base.
Branch network across rural and semi-urban areas in South India.
Experience manangement team
Effective risk management system include appraisal , internal audit and inspections.

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[wptabtitle] Subscription[/wptabtitle] [wptabcontent] [ws_table id=””]

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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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