Kosamattam Finance Ltd NCD Review

Kosamattam Finance Ltd NCD review

Kosamattam Finance Limited is a Kerala based NBFC primarily engaged in finance against gold business. Kosamattam Finance Ltd NCD review will look into the detail of the NCD (non-convertible debenture).

About the issue – Kosamattam Finance Ltd NCD review finds the following details as per the NCD prospectus.

  • Issue opens on – 4 August 2017
  • Issue closes on – 1 September 2017
  • Issue type – Fixed price issue
  • Lot size – Minimum 10 NCDs and multiples thereof
  • Face value – Rs 1000 per NCD
  • Issue price – Rs 1000 per NCD
  • Issue size – Rs 220.00 crores
  • Listing at – BSE Exchange

Ratings –
The NCDs issued by Kosamattam Finance Ltd has been graded (BBB-) by India rating indicating that NCDs issued by Kosamattam Finance Limited bear a moderate degree of safety in respect of timely servicing of financial obligations. BBB- rating also indicates that the financial instrument issued by Kosamattam Finance Ltd bear moderate credit risks.

Company Offerings –
Kosamattam Finance Limited offers coupon rates ranging from 9.25% to 10.20%, depending on the tenure of these NCDs. The tenure ranges from 400 days, 18 months, 36 months, 52 months, 60 months and 88 months.

kosamattam finance ltd offerings

About the Company –
Kosamattam Finance Ltd NCD review finds that the company runs its business of gold loan finance across different states in India. These are Kerala, Tamilnadu, Andhrapradesh, Karnataka, Delhi and Union Territory of Puducherry. Kosamattam Finance Ltd has numerous branches spread across these states including urban, semi urban and rural localities. People of all classes and section of the societies including entrepreneurs, businessman, traders, farmers, common people, retailers – who can not manage finance from banks, NBFCs and other financing institutions, come to Kosamattam and similar NBFCs for business and personal loan. Kosamattam Finance Ltd provide finance against gold and ornaments. In addition to the services mentioned above, Kosamattam also provides special and customised fee-based services that include foreign exchange services, money transfer services and services related to air ticketing and the likes.

Conclusion –
Kosamattam Finance Ltd NCD review finds that the NCD bears considerable credit risks for investors.

Disclaimer – Views expressed in this non-convertible debentures review is an educated guess made on the basis of available data from open source expressed for the purpose of knowledge sharing. By no means, it should be taken as an investment advice or recommendation. Investor/ trader should invest money at their own risk.

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Partha, an engineer by education, is theoratically actively following the stock and commodity markets since 1990. He is an active trader since 2003. He has received formal education in future and options and quantum analysis. He is presently working on research oriented projects using Python and data analytics.

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