Kosamattam Finance Limited

Kosamattam Finance Limited

Closes on 1 Jun
·
Series
Interest--
Tenure--
Interest payoutMonthly
Interest rates, tenure, and payout vary by series

Bonds IPO details

IPO opening date
18 May, 2026
IPO closing date
1 Jun, 2026
Allotment date
3 Jun, 2026
Listing date
4 Jun, 2026
Face value
₹1,000.00/unit
Minimum investment
₹10,000.00
IPO size
₹150.00 crores
IPO document
Rating
A
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About

Kosamattam Finance Limited is a Kerala-based non-banking financial company (NBFC) incorporated in 1987 and registered with the Reserve Bank of India as a non-deposit taking NBFC. The company primarily operates in the gold loan business and offers secured lending services through an extensive branch network, mainly concentrated in southern India. It is promoted by Mathew Kosamattom Cherian and Laila Mathew and has diversified operations including money changing and depository participant services. The company has launched a public issue of secured, redeemable, non-convertible debentures (NCDs) aggregating up to ₹30,000 lakhs.;

Pros and Cons

Pros
Cons
The company has been operating since 1987, reflecting a long track record in the financial services and gold loan industry.
The company holds a certificate of registration from the Reserve Bank of India to operate as a non-banking financial company, strengthening its regulatory credibility.
The proposed NCD issue has been rated “IND A/Stable” by India Ratings & Research, indicating an adequate degree of safety and low credit risk regarding timely servicing of obligations.
The NCDs are secured against movable assets, receivables, loans, advances, cash and bank balances of the company, providing additional comfort to investors.
The company derives a significant portion of its revenue from southern India and has an established branch network in the region, supporting its lending operations.

Other details

Nature of instrumentSecured redeemable non-convertible debentures
Yield--
Placement typePublic issue
Coupon type--
SenioritySenior
Name of debenture trusteeVISTRA ITCL (INDIA) LIMITED
Payout Schedule