Bond Directory / KOSAMATTAM FINANCE LIMITED

KOSAMATTAM FINANCE LIMITED

BLOCKED DUE TO ACA

8.50% SECURED RATED LISTED NON COVERTIBLE DEBENTURE.OPTION II.LETTER OF ALLOTMENT..DATE OF MATURITY 28/04/2023

ISIN

INE403Q07BV5

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Essentials

Coupon Rate (Returns)

8.50%

Rating

BBB+  BRICKWORK RATINGS INDIA PRIVATE LIMITED

Interest Payment Frequency

MONTHLY

Twelve Times A Year

Maturity after

-2 years -2 months

Apr 28, 2023

Face Value

₹1,000

Coupon Type

Simple

Can be returned to Issuer?

No

Put option exercised at

Data Not Available

Issue Details

Issue Size

12.59 Crores

Issue Price

₹1,000

Security class

Debentures

Listing details

Not listed

Debenture Trustee

Vistra ITCL (India) Limited

Issue

Public Issue

Issuer Details

KOSAMATTAM FINANCE LIMITED

Business Sector

Non-Banking Financial Company (NBFC)

Issuer Nature type

NBFC

Issuer Ownership

Non PSU

Factors

*Rating Agency -BRICKWORK RATINGS INDIA PRIVATE LIMITED

Issue Size

Small

Rating Category*

BBB

Tax Saving

No

Mode of Issuance

Public Issue

Coupon Type

Simple

Factors

Issue Size

Small

Rating Category*

BBB

Tax Saving

No

Mode of Issuance

Public Issue

Coupon Type

Simple

*Rating Agency - BRICKWORK RATINGS INDIA PRIVATE LIMITED

Note: Pursuant to the provisions of Section 193 of the Income Tax Act, 1961, as amended, effective from 1st April 2023, TDS will be deducted at the rate of 10% (or such other rates as may be notified from time to time) on any interest payable on any security issued by a company other than securities issued by the Central Government or a State Government. The listing of products above: (a) should not be considered an advertisement, endorsement, or recommendation to invest. Please use your own discretion before you transact. (b) is in compliance with regulatory framework as applicable for Online Bond Platform Provider (c) at their given price or yield are subject to availability and market cut-off timings.

Know this Issuer

It's essential to understand the issuer of the bonds where you're investing your money.

Kosamattam Finance Limited

Kosamattam Finance Limited (KFL), a Kerala-based non-deposit taking NBFC registered with the RBI, focuses on the business of lending money against high-yielding gold jewelry, predominantly in the southern region of India.

Financial Performance

Particulars FY25 (₹ in cr) FY24 (₹ in cr) FY23 (₹ in cr)
AUM 5688.08 5310.34 4845.69
NET WORTH 1062.83 927.56 763.99
REVENUE 900.42 858.93 782.54
PAT 127 113 107
CRAR% 18.78 18.42 17.71
GNPA% 1.37 1.44 1.58
NNPA% 0.46 0.52 0.68
GEARING (times) 4.97 5.39 6.04

Maintained growth runway and deepening presence in southern geographies

Stable asset quality

Funding mix on path of diversification

Scope for improvement in profitability with increased operational efficiency

Geographically concentrated portfolio

What is my risk?

Each bond is regularly evaluated by multiple reputed rating agencies

Credit Rating

Credit Rating

BBB+

(Dec 04, 2020)

Instruments with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such instruments carry moderate credit risk.

Credit Outlook

Positive

Credit Outlook is positive and hence credit rating of the bond is not likely to change adversely in near future.

Rating Watch

No Watch

-

Repayment Priority

Higher the level, higher the priority of investment repayment on default

None

Security with Collateral?

An investment secured with collateral helps

SECURED

UNSECURED

Type of Guarantee

Guarantee of investment by third-party if company defaults

GUARANTEED

NON GUARANTEED

PARTIAL GUARANTEED

gurantee icon

Want to know more?

Download Issue Documents (Information Memorandum / Termsheet)

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