Kosamattam Finance NCD March 2021: KOSAMATTAM FINANCE LIMITED was incorporated on March 25, 1987, as ‘Standard Shares and Loans Private Limited’, a private limited company under the Companies Act, 1956 with a certificate of Incorporation issued by Registrar of Companies, Kerala and Lakshadweep, at Kochi, (“RoC”). The name of the Company was changed to ‘Kosamattam Finance Private Limited’ pursuant to a resolution passed by the shareholders of the Company at the EGM held on June 2, 2004, and a fresh certificate of incorporation dated June 8, 2004, issued by the RoC. Subsequently, upon conversion to a public limited company pursuant to a special resolution of the shareholders of the Company dated November 11, 2013, the name of the Company was changed to ‘Kosamattam Finance Limited’ and a fresh certificate of incorporation was issued by the RoC on November 22, 2013. The Company has obtained a certificate of registration dated December 19, 2013, bearing registration no. B-16.00117 issued by the Reserve Bank of India (“RBI”) to carry on the activities of a non-banking financial company without accepting public deposits under Section 45 IA of the RBI Act, 1934. The NCDs have been rated ‘BWR BBB+’Outlook Stable, by Brickwork Ratings India Private Limited.
Objects of the Issue
The company has filed this Prospectus for public issue of secured redeemable non-convertible debentures and unsecured redeemable non-convertible debentures of the face value of ₹1,000 each (“NCDs”) aggregating up to ₹ 17,500 lakhs with an option to retain oversubscription up to ₹ 17,500 lakhs, aggregating up to ₹ 35,000 lakhs (“Issue”).
The Company is in the business of gold loan financing, and as part of business operations, we raise/avail funds for onward lending and for repayment of interest and principal of existing debts.
The Company proposes to utilize the funds which are being raised through the Issue, after deducting the Issue related expenses to the extent payable by the Company (“Net Proceeds”), towards funding the following objects (collectively, referred to herein as the “Objects”):
1. For the purpose of onward lending;
2. For repayment of interest and principal of existing debts of the Company; and
3. For general corporate purposes;
The main objects clause of the Memorandum of Association of the Company permits the Company to undertake the activities for which the funds are being raised through the present Issue and also the activities which Company has been carrying on till date.
Issue Size
Base Issue of Rs. 17,500 Lakhs with an option to retain oversubscription up to Rs. 17,500 Lakhs, aggregating up to Rs. 35,000 Lakhs, within the Limit of Rs 35,000 Lakhs.
Issue Structure:
Nature of Issue: Here series I to VI is Secured and series VII & VIII are Unsecured.
Other Issue Details:
How to apply for Kosamattam Finance NCD
If you are planning to apply for this NCD issue then you can apply here through online and offline both modes. if you are planning to apply through online mode then you can apply here through your net banking option just like you apply for your Equity IPOs, you can also apply here through using the BSE Direct Platform. Now if you are planning to apply through offline mode then you have to fill the physical application form and have to submit it to your broker.
