Description

BSE announces listing of 8 series of secured NCDs by Kosamattam Finance Limited with face value of Rs. 1,000 each and varying tenures from 18 months to 7 years.

Summary

BSE has announced the listing of secured, redeemable, non-convertible debentures (NCDs) issued by Kosamattam Finance Limited. The listing includes 8 different series of NCDs with a total of over 2 million securities, all having a face value and issue price of Rs. 1,000 each. The debentures were allotted on July 24, 2025, and carry credit rating of IND A-/Stable.

Key Points

  • Total 8 series of NCDs listed with scrip codes ranging from 940483 to 940503
  • All NCDs have face value and issue price of Rs. 1,000 per NCD
  • Interest payment options include both cumulative and monthly frequencies
  • Coupon rates range from 9.25% to 10.22% per annum for cumulative NCDs
  • Monthly payment NCDs offer 10% coupon rate
  • Effective yields range from 10.41% to 10.47% per annum
  • Total securities across all series: 2,000,020 NCDs
  • Credit rating: IND A-/Stable
  • Market lot: One NCD

Regulatory Changes

No regulatory changes announced. This is a standard listing notification for corporate debt securities.

Compliance Requirements

  • NCDs are now available for trading on BSE platform
  • Standard compliance requirements for listed debt securities apply
  • Investors can trade these securities through registered brokers

Important Dates

  • Allotment Date: July 24, 2025
  • First Interest Payment: Varies by series (September 1, 2025 for monthly series; maturity date for cumulative series)
  • Maturity Dates: Range from January 23, 2027 to July 23, 2032 depending on series
  • Redemption Amounts: Vary from Rs. 1,000 to Rs. 2,000 per NCD based on series

Impact Assessment

This listing provides additional investment options for debt market participants seeking secured corporate bonds. The NCDs offer competitive yields ranging from 10.41% to 10.47%, which may attract income-focused investors. The secured nature and IND A-/Stable rating indicate moderate credit quality. Impact is limited to debt investors and has minimal effect on broader equity markets.

Impact Justification

Routine NCD listing announcement with limited market-wide impact, primarily relevant for debt investors and the specific issuer