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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 fourth- generation entrepreneur in the family.

Kosamttam Finance Limited (‘Company’) is emerging as a prominent Gold Loan business company with 928 branches, as on May 31, 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.

Gold Loan portfolio of the company for the financial years ending on March 31, 2019, March 31, 2018, and March 31, 2017 comprised of 6,63,694, 6,47,779, and 5,57,478 gold loan accounts, aggregating to Rs. 2,21,230.86 lakhs, Rs. 2,05,050.99 lakhs, and Rs. 1,73,040.27 lakhs, respectively, which is 94.94%, 91.56%, and 90.03% of our total loans portfolio as on those dates.

Kosamattam Finance Limited NCD - Issue Details:

Issuer Kosamattam Finance Limited (View Report)
Issue Type Secured & Unsecured Redeemable Non-Convertible Debentures
Issue Period Issue Opens: Tuesday, Jul 16, 2019
Issue Closes: Wednesday, Aug 14, 2019
Coupon Rate 10.25% p.a *
Issue Size Public Issue of NCDs aggregating up to Rs. 15,000 lakhs with an option to retain over-subscription up to Rs. 15,000 lakhs aggregating up to Rs. 30,000 lakhs, on the terms and in the manner set forth herein; Base Issue Size being Rs. 30,000 lakhs. The Unsecured NCDs will be in the nature of Subordinated Debt and will be eligible for Tier II capital
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
Institutional 10% of issue size
Non-Institutional 40% of issue size
Retail Individual Investor 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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