Kosamattam Finance Ltd. NCD Details

 

Kosamattam Finance Ltd. NCD Subscription Period From 16th September To 13th October 2020: 

 

In the first place, Kosamattam Finance Ltd. was inserted in 1987 and situated at Kerala. It is a non-store taking the non-banking monetary organization. The organization is chiefly associated with gold advances. The NCD membership period began on September sixteenth and it will end on October thirteenth, 2020.

 

NCD Details: 

 

Offer Period 16th September To thirteenth October 2020

 

Security Name Kosamattam Finance Ltd

 

Security Type Secured, Redeemable, Non-Convertible Debentures

 

Issue Size (Base) Rs. 150 Cr

 

Issue Size (Shelf) Rs. 300 Cr

 

Issue Price Rs. 1,000 for each NCD

 

Face Value Rs. 1,000 for each NCD

 

Least Lot Size 10 NCD

 

Market Lot 1NCD

 

Posting At BSE

 

Creadit Rating IND BBB/Stable

 

Series I ti VIII Series

 

Installment Frequency Monthly and Cumulative

 

Premise of Allotment First Come First Serve Basis

 

Kosamattam Finance Limited intends to raise a base issue size of Rs. 150 cr. At first, every speculator needs to contribute at least 10 NCDs with a market part of 1 NCD. The assumed worth of this reserve is Rs. 1,000 for each NCD. It additionally gives distinctive loan fees and residencies of 30 months, 39 months, 42 months, 50 Months, 84 Months, 400 days.

 

Kosamattam Finance Ltd. Coupon Rates: 

 

Series Frequency Tenure  Coupon Rate Maturity Amount

 

I Cumulative 400 Days NA Rs. 1,093.50

 

II Monthly 30 Months 9.50% Rs. 1,000.00

 

III Cumulative 30 Months NA Rs. 1,250.00

 

IV Monthly 39 Months 10.00% Rs. 1,000.00

 

V Cumulative 42 Months NA Rs. 1,390.00

 

VI Cumulative 50 Months NA Rs. 1,500.00

 

VII Monthly 84 Months 10.25% Rs. 1,000.00

 

VIII Cumulative 84 Months NA Rs. 2,000.00

 

The Indian Rating Agency evaluated the NCD as IND BBB/Stable. It will be recorded on the Bombay Stock Exchange (BSE). The advertisers of the organization are Mattew K. Cherian Laila Mathew and Jillu Saju Varghese.

 

Disclaimer: This article gives data about the plan. It doesn't offer any guidance or suggestion. It would be ideal if you counsel your budgetary counselor before contributing.