{"id":7464,"date":"2016-12-26T08:55:52","date_gmt":"2016-12-26T03:25:52","guid":{"rendered":"http:\/\/www.apnaplan.com\/?p=7464"},"modified":"2016-12-29T14:20:32","modified_gmt":"2016-12-29T08:50:32","slug":"kosamattam-finance-ncd-dec2016","status":"publish","type":"post","link":"https:\/\/www.apnaplan.com\/kosamattam-finance-ncd-dec2016\/","title":{"rendered":"10.25% Kosamattam Finance Limited NCD \u2013 Dec&#8217;16\/Jan&#8217;17 \u2013 Should you Invest?"},"content":{"rendered":"<figure id=\"attachment_7468\" aria-describedby=\"caption-attachment-7468\" style=\"width: 300px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-7468\" src=\"http:\/\/www.apnaplan.com\/wp-content\/uploads\/2016\/12\/Kosamattam-Finance-NCD-Dec-2016-Should-you-Invest-300x169.png\" alt=\"Kosamattam Finance NCD - Dec 2016 - Should you Invest\" width=\"300\" height=\"169\" title=\"\" srcset=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2016\/12\/Kosamattam-Finance-NCD-Dec-2016-Should-you-Invest-300x169.png 300w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2016\/12\/Kosamattam-Finance-NCD-Dec-2016-Should-you-Invest.png 574w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><figcaption id=\"caption-attachment-7468\" class=\"wp-caption-text\"><strong>Kosamattam Finance Ltd &#8211; NCD &#8211; Dec 2016 &#8211; Should you Invest?<\/strong><\/figcaption><\/figure>\n<p style=\"text-align: justify;\"><strong>Kosamattam Finance<\/strong>\u00a0has come out with public issue of non-convertible debentures (NCD) offering up to 10.25% interest rate. The issue opens on December 22, 2016\u00a0and closes on January 20, 2017.<\/p>\n<p style=\"text-align: justify;\">Kosamattam Finance Ltd is a Kerala Based NBFC engaged in gold loan finance business. They lend money against the pledge of household Jewellery in the state of Kerala, Tamilnadu, Karnataka, Andhra Pradesh, Delhi and in the Union Territory of Puducherry. They also offers fee based ancillary services which include money transfer services, foreign currency exchange and air ticketing services.<\/p>\n<h2 style=\"text-align: justify;\">Kosamattam Finance NCD \u2013 Significant Points:<\/h2>\n<ul>\n<li style=\"text-align: justify;\"><strong>Offer Period:<\/strong>\u00a0December 22, 2016 to January 22, 2017<\/li>\n<li style=\"text-align: justify;\"><strong>Annual Interest Rates for Retail Investors:<\/strong>\u00a09.00% to 10.25% depending on tenure<\/li>\n<li style=\"text-align: justify;\"><strong>Price of each bond:<\/strong> Rs 1,000<\/li>\n<li style=\"text-align: justify;\"><strong>Minimum Investment:<\/strong> 10 Bonds (Rs 10,000)<\/li>\n<li style=\"text-align: justify;\"><strong>Max Investment Limit<\/strong> for Retail Investor: Rs 10 Lakhs<\/li>\n<li style=\"text-align: justify;\"><strong>Credit Rating:<\/strong> IND \u2018BBB-\u2019 by\u00a0India Ratings &amp; Research Private Limited<\/li>\n<li style=\"text-align: justify;\"><strong>NCD Size:<\/strong> Rs 150 crore with option to retain oversubscription upto\u00a0Rs 300 crore<\/li>\n<li style=\"text-align: justify;\"><strong>Allotment:<\/strong> First Come First Serve<\/li>\n<li style=\"text-align: justify;\"><strong>Listing:<\/strong> Bonds would be listed on BSE &amp; NSE and will entail capital gains tax on exit through secondary market<\/li>\n<\/ul>\n<blockquote>\n<p style=\"text-align: justify;\"><strong>Also Read<\/strong> \u2013 <a href=\"http:\/\/www.apnaplan.com\/know-ncd-investment-tips-tds-and-taxation\/\">Know NCD \u2013 Investment Tips, TDS and Taxation<\/a><\/p>\n<\/blockquote>\n<h2 style=\"text-align: justify;\">Kosamattam Finance NCD &#8211; Investment Options:<\/h2>\n<p style=\"text-align: justify;\">There are 8\u00a0options of investment in Kosamattam Finance Limited NCD.<\/p>\n<figure id=\"attachment_7469\" aria-describedby=\"caption-attachment-7469\" style=\"width: 742px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-7469\" src=\"http:\/\/www.apnaplan.com\/wp-content\/uploads\/2016\/12\/Kosamattam-Finance-Limited-NCD-December-2016-Investment-Options.png\" alt=\"Kosamattam Finance Limited NCD - December 2016 - Investment Options\" width=\"742\" height=\"538\" title=\"\" srcset=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2016\/12\/Kosamattam-Finance-Limited-NCD-December-2016-Investment-Options.png 742w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2016\/12\/Kosamattam-Finance-Limited-NCD-December-2016-Investment-Options-300x218.png 300w\" sizes=\"(max-width: 742px) 100vw, 742px\" \/><figcaption id=\"caption-attachment-7469\" class=\"wp-caption-text\"><strong>Kosamattam Finance Limited NCD &#8211; Dec&#8217;16\/Jan&#8217;17 &#8211; Investment Options<\/strong><\/figcaption><\/figure>\n<h2 style=\"text-align: justify;\">Kosamattam Finance NCD &#8211; Who can Apply?<\/h2>\n<p style=\"text-align: justify;\">This issue is open to all Indian residents, HUFs and Institutions.<\/p>\n<ul>\n<li style=\"text-align: justify;\">Category I \u2013 Institutional Investors \u2013 30% of the issue is reserved<\/li>\n<li style=\"text-align: justify;\">Category II \u2013 Non-Institutional Investors, Corporates \u2013 20% of the issue is reserved<\/li>\n<li style=\"text-align: justify;\">Category III \u2013 Retail Individual Investors including HUFs \u2013 50% of the issue is reserved<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">However NRIs cannot apply for this NCD.<\/p>\n<h2 style=\"text-align: justify;\">Why you should invest?<\/h2>\n<ol>\n<li style=\"text-align: justify;\">The NCD is secured, which means the above debt is backed by assets of the company<\/li>\n<li style=\"text-align: justify;\">The <a href=\"http:\/\/www.apnaplan.com\/highest-interest-rate-on-bank-fixed-deposits-fd\/\">interest rates are 3% higher than your regular FDs<\/a><\/li>\n<\/ol>\n<blockquote><p>Also Read:\u00a0<a href=\"http:\/\/www.apnaplan.com\/highest-interest-rate-on-recurring-deposits-rd\/\">Highest Interest Rate on Recurring Deposits<\/a><\/p><\/blockquote>\n<h2 style=\"text-align: justify;\">Why you should not invest?<\/h2>\n<ol>\n<li style=\"text-align: justify;\">&#8220;BBB-&#8221; rating can be considerd poor rating and has higher risk of default or non payment &#8211; retail investors should stay away<\/li>\n<li style=\"text-align: justify;\">The profits of the company declined as compared to the previous year<\/li>\n<li style=\"text-align: justify;\">You can also invest in\u00a0<a href=\"http:\/\/www.apnaplan.com\/company-fixed-deposit\/\">high rated company fixed deposits<\/a><\/li>\n<\/ol>\n<h2 style=\"text-align: justify;\">How to Apply?<\/h2>\n<p style=\"text-align: justify;\">You can apply online by ASBA facility provided by banks. It\u2019s the easiest way to apply and also avoids a lot of hassle in terms of KYC and paper work.<\/p>\n<blockquote>\n<p style=\"text-align: justify;\"><strong>Learn:\u00a0<\/strong><a href=\"http:\/\/www.apnaplan.com\/ipo-asba\/\">How to apply for NCD issues using ASBA?<\/a><\/p>\n<\/blockquote>\n<p style=\"text-align: justify;\">In case you don&#8217;t want to do it online, you can <a href=\"http:\/\/www.kosamattam.com\/ncd-issue-applications\/\" target=\"_blank\" rel=\"noopener\">download the application form<\/a> from company site or Financial Institutions and submit to collection centers.<\/p>\n<h2 style=\"text-align: justify;\">Recommendation:<\/h2>\n<p>My recommendation is to<strong>\u00a0stay away due to POOR credit rating &#8211; as the returns do not justify the risk.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kosamattam Finance\u00a0has come out with public issue of non-convertible debentures (NCD) offering up to 10.25% interest rate. The issue opens on December 22, 2016\u00a0and closes on January 20, 2017. Kosamattam Finance Ltd is a Kerala Based NBFC engaged in gold loan finance business. They lend money against the pledge of household Jewellery in the state [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7468,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[31,30,194],"tags":[3064,3065,3066],"uagb_featured_image_src":{"full":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2016\/12\/Kosamattam-Finance-NCD-Dec-2016-Should-you-Invest.png",574,323,false],"thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2016\/12\/Kosamattam-Finance-NCD-Dec-2016-Should-you-Invest-150x150.png",150,150,true],"medium":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2016\/12\/Kosamattam-Finance-NCD-Dec-2016-Should-you-Invest-300x169.png",300,169,true],"medium_large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2016\/12\/Kosamattam-Finance-NCD-Dec-2016-Should-you-Invest.png",574,323,false],"large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2016\/12\/Kosamattam-Finance-NCD-Dec-2016-Should-you-Invest.png",574,323,false],"1536x1536":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2016\/12\/Kosamattam-Finance-NCD-Dec-2016-Should-you-Invest.png",574,323,false],"2048x2048":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2016\/12\/Kosamattam-Finance-NCD-Dec-2016-Should-you-Invest.png",574,323,false],"yarpp-thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2016\/12\/Kosamattam-Finance-NCD-Dec-2016-Should-you-Invest.png",120,68,false]},"uagb_author_info":{"display_name":"Amit","author_link":"https:\/\/www.apnaplan.com\/author\/admin\/"},"uagb_comment_info":0,"uagb_excerpt":"Kosamattam Finance\u00a0has come out with public issue of non-convertible debentures (NCD) offering up to 10.25% interest rate. The issue opens on December 22, 2016\u00a0and closes on January 20, 2017. Kosamattam Finance Ltd is a Kerala Based NBFC engaged in gold loan finance business. They lend money against the pledge of household Jewellery in the state&hellip;","_links":{"self":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/7464"}],"collection":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/comments?post=7464"}],"version-history":[{"count":0,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/7464\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media\/7468"}],"wp:attachment":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media?parent=7464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/categories?post=7464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/tags?post=7464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}