Kosamattam Finance NCD
Rates, tenures, credit rating and current status of the non-convertible debentures (NCDs) issued by Kosamattam Finance Limited, updated at each new issue.
Kosamattam Finance NCD issues on our tracker
| Issue | Dates | Yield (p.a.) | Tenure | Rating | Security | Issue size | Minimum |
|---|---|---|---|---|---|---|---|
| Kosamattam Finance LtdPublic issueSEBI filing: prospectus ↗ | 18 Aug – 1 Sep 2026 | 8.26–10.47% | 2 yrs – 7 yrs | IND A/Stable | Secured | ₹100 cr + ₹100 cr green shoe | ₹10,000 |
| Kosamattam Finance LtdPublic issueSEBI filing: prospectus ↗ | 18 May – 1 Jun 2026 | 8.26–10.47% | 2 yrs – 7 yrs | IND A/Stable | Secured | ₹150 cr + ₹150 cr green shoe | ₹10,000 |
| Kosamattam Finance LtdPublic issueSEBI filing: prospectus ↗ | 9–23 Feb 2026 | 8.00–10.47% | 15 mo – 7 yrs | IND A/Stable | Secured | ₹100 cr + ₹100 cr green shoe | ₹10,000 |
From each issue’s prospectus on SEBI. Open and closed are worked out from the dates. All upcoming NCD issues
Kosamattam Finance Limited is a gold loan NBFC (non-deposit-taking, middle layer) headquartered in Kottayam, Kerala, and part of the Kosamattam Group led by its chairman and managing director, Mathew Kosamattom Cherian. Gold loans made up 99.39% of its loan portfolio at 31 March 2026. As of 30 June 2026 it ran 991 branches in Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Maharashtra, Uttar Pradesh, Telangana, Puducherry and Delhi, with 4,242 employees.
For the year to 31 March 2026 it reported total income of ₹1,128.8 crore and profit after tax of ₹184.7 crore, against ₹900.4 crore and ₹127.1 crore a year earlier. Gross NPAs were ₹93.6 crore. These figures are from its August 2026 prospectus. The company has no subsidiaries. It raises money from retail investors through public issues of secured NCDs listed on the BSE, three of them in 2026 (February, May and August).
Credit rating: IND A/Stable from India Ratings on the August 2026 NCDs (letter and rationale dated 27 Jul 2026). The February and May 2026 issues carried the same IND A/Stable rating. Check the current rating on indiaratings.co.in before investing.
Latest issue - August 2026: key terms
| Parameter | Detail |
|---|---|
| Issue | Public issue of secured NCDs; prospectus filed with SEBI on 14 Aug 2026 |
| Dates | Opened 18 Aug 2026; scheduled to close 1 Sep 2026 |
| Type | Secured, redeemable, non-convertible debentures: a charge on movable assets including book debts and receivables, loans and advances, and cash and bank balances, with security cover of one time the NCDs outstanding plus interest |
| Face value | ₹1,000 per NCD |
| Minimum application | 10 NCDs (₹10,000) |
| Issue size | ₹100 cr base + ₹100 cr oversubscription = up to ₹200 cr |
| Coupon range | 8.50% - 10.00% p.a. (monthly series) |
| Effective yield | 8.26% - 10.47% p.a. |
| Tenures | 24 / 36 / 42 / 50 / 60 / 84 months |
| Put and call options | None |
| Credit rating | IND A/Stable (India Ratings) |
| Listing | BSE |
| Lead manager | Vivro Financial Services Pvt Ltd |
| Registrar | KFin Technologies Ltd |
| Debenture trustee | Vistra ITCL (India) Ltd |
From the prospectus filed with SEBI on 14 Aug 2026. Its addendum (17 Aug 2026) added the unaudited results for the quarter to 30 Jun 2026 and left the issue terms unchanged.
August 2026 issue - series-wise coupon & effective yield
| Series | Interest payment | Tenure | Coupon (% p.a.) | Effective yield (% p.a.) |
|---|---|---|---|---|
| I | Cumulative | 24 months | - | 8.26% |
| II | Monthly | 24 months | 8.50% | 8.84% |
| III | Monthly | 36 months | 9.25% | 9.65% |
| IV | Cumulative | 36 months | - | 9.25% |
| V | Monthly | 42 months | 10.00% | 10.47% |
| VI | Cumulative | 50 months | - | 10.22% |
| VII | Monthly | 60 months | 10.00% | 10.47% |
| VIII | Cumulative | 84 months | - | 10.41% |
Cumulative series pay no interest until maturity and then redeem at a fixed amount. The prospectus's monthly-interest table labels the 60-month series VIII; its main series table, followed here, numbers it VII.
How to apply or buy
- During a live public issue: apply online through your stockbroker or bank using ASBA or UPI. Brokers list open NCD issues under their IPO or bonds section; pick a series, enter at least 10 NCDs (₹10,000) and approve the mandate. Retail applications are allotted first come, first served, so an issue can close before its scheduled date.
- Between issues: NCDs from past issues are listed on the BSE and can be bought through a demat and trading account with access to the debt segment. Search by ISIN and place a limit order: trading is often thin, so the price and yield can differ from the issue terms.
- Interest and the maturity amount are paid to the bank account linked to your demat account. The interest is taxable income, and TDS may be deducted from it; the guide on how bonds are taxed, linked below, explains the rules.
- To check allotment for a past issue, use the registrar, KFin Technologies, or the BSE website, with your PAN or application number.
The risk
IND A/Stable is an investment-grade rating that India Ratings describes as an adequate degree of safety and low credit risk, but it is three notches below AA and well below AAA. These are a company's debentures, not bank deposits, so there is no DICGC deposit insurance and repayment depends on Kosamattam Finance's finances. The business is almost entirely gold loans (over 99% of the portfolio), so a sharp fall in gold prices or a regulatory change for gold lending would hit it directly. The security is a charge on the company's movable assets and receivables at one time cover, and the prospectus warns that holders will rank pari passu with other secured creditors if the company charges the same assets for new borrowing. Spread money across issuers and do not treat the coupon as guaranteed.
Sources
- SEBI - Kosamattam Finance Ltd, prospectus (issue opening 2026-08): https://www.sebi.gov.in/filings/debt-offer-document/aug-2026/kosamattam-finance-ltd-prospectus_104113.html
- SEBI - Kosamattam Finance Ltd, addendum (issue opening 2026-08): https://www.sebi.gov.in/filings/debt-offer-document/aug-2026/kosamattam-finance-ltd-addendum-to-prospectus_104114.html
- SEBI - Kosamattam Finance Ltd, prospectus (issue opening 2026-05): https://www.sebi.gov.in/filings/debt-offer-document/may-2026/kosamattam-finance-limited-prospectus_101484.html
- SEBI - Kosamattam Finance Ltd, prospectus (issue opening 2026-02): https://www.sebi.gov.in/filings/debt-offer-document/feb-2026/kosamattam-finance-limited-prospectus_100448.html
NCDs are debt of a company and carry credit risk — you can lose money if the issuer defaults. This page is information, not investment advice; verify the current issue terms and credit rating before applying. Facts last verified October 2026.
All upcoming NCD issuesFrequently asked
What people ask about Kosamattam Finance NCDs.
In the August 2026 issue, monthly series paid coupons of 8.50% to 10.00% a year and effective yields across all series ran from 8.26% to 10.47%, over tenures from 24 to 84 months. The 42 and 60-month monthly series had the highest effective yield. The February and May 2026 issues offered similar ranges. Each new issue sets its own rates.
It carries credit risk. The August 2026 NCDs are rated IND A/Stable, which India Ratings describes as an adequate degree of safety and low credit risk, but it is below the AA and AAA tiers. They are secured by a charge on the company's movable assets and receivables, they are not bank deposits, and there is no DICGC insurance. Over 99% of the loan book is gold loans, so the company depends heavily on one product.
Monthly series pay interest every month at the stated coupon and return the face value at maturity. Cumulative series pay nothing until maturity and then redeem at a higher fixed amount, which works out to the effective yield shown. Monthly series show a higher effective yield than their coupon because the interest arrives earlier.
While an issue is open, apply through your broker or bank using ASBA or UPI: choose a series, enter at least 10 NCDs (₹10,000) and approve the mandate. Between issues you can buy listed Kosamattam Finance NCDs on the BSE through a demat account, checking the price and yield first, as trading can be thin.
Kosamattam Finance ran three public NCD issues in 2026, opening in February, May and August. No next date has been announced as of 19 Oct 2026. A new issue needs a prospectus filed with SEBI a few days before it opens, and our NCD tracker lists it once it is filed.