Kosamattam Finance Limited is launching its February 2026 Secured NCD issue, which will open on February 9, 2026 and close on February 23, 2026. The company aims to raise ₹200 crore through this public issue, offering returns of up to 10% per annum. This NCD issue will be listed on BSE, making it accessible for investors looking for a fixed-income investment option with stock exchange liquidity.
Kosamattam Finance is a Non-Deposit Taking NBFC (Middle Layer) and is mainly engaged in the gold loan business, where loans are provided against household gold jewellery. The company has built a strong customer base across multiple states in India and continues expanding its branch network.
About Kosamattam Finance Ltd.
Kosamattam Finance is a well-established NBFC mainly involved in providing gold loans to retail customers. The company lends money against gold jewellery and serves a wide range of customers including traders, farmers, salaried individuals, and small business owners. It has a strong presence across Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Maharashtra, Uttar Pradesh, Telangana, Delhi, and Puducherry. As of September 30, 2025, the company had 11.61 lakh gold loan accounts with a portfolio value of ₹6,137.11 crore. The company operates with a large branch network of 981 branches (as of Dec 31, 2025). It also provides services like microfinance, money transfer, foreign exchange, and other fee-based activities. Kosamattam Finance has shown consistent growth in its gold loan portfolio over the years.
Kosamattam Finance NCD February 2026 – Issue Details
Here is the issue information in an easy-to-read bullet format:
Kosamattam Finance NCD February 2026 offers an attractive interest return of:
Series
Frequency of Interest Payment
Tenor
Coupon (% p.a.)
Effective Yield (% p.a.)
Amount on Maturity (₹)
Series 1
Cumulative
15 Months
NA
8.00%
₹1,101
Series 2
Monthly
24 Months
8.50%
8.84%
₹1,000
Series 3
Monthly
36 Months
9.00%
9.38%
₹1,000
Series 4
Cumulative
36 Months
NA
9.25%
₹1,304
Series 5
Monthly
42 Months
9.75%
10.20%
₹1,000
Series 6
Cumulative
50 Months
NA
10.22%
₹1,500
Series 7
Monthly
60 Months
10.00%
10.47%
₹1,000
Series 8
Cumulative
84 Months
NA
10.41%
₹2,000
NCD Credit Rating
The NCD has been rated by India Ratings & Research Private Limited:
Rating: A
Outlook: Stable
Risk Level: Low credit risk
Safety Degree: Adequate degree of safety
This indicates the company has a stable repayment capacity as per the rating agency.
Promoters of Kosamattam Finance
The promoters of the company are:
Mathew K. Cherian
Laila Mathew
Financial Performance
Total Assets
FY2023: ₹5,444.34 Cr
FY2024: ₹5,985.78 Cr (YoY Growth: +9.94%)
FY2025: ₹6,405.69 Cr (YoY Growth: +7.02%)
Total Income
FY2023: ₹782.54 Cr
FY2024: ₹858.94 Cr (YoY Growth: +9.76%)
FY2025: ₹900.43 Cr (YoY Growth: +4.83%)
Profit After Tax (PAT)
FY2023: ₹107.05 Cr
FY2024: ₹113.70 Cr (YoY Growth: +6.21%)
FY2025: ₹127.06 Cr (YoY Growth: +11.75%)
Net Worth
FY2023: ₹763.99 Cr
FY2024: ₹927.57 Cr (YoY Growth: +21.41%)
FY2025: ₹1,062.84 Cr (YoY Growth: +14.58%)
Objects of the Issue
The company plans to use the NCD proceeds for:
Onward lending (Gold loan and business expansion)
Repayment of interest and principal of existing borrowings
General corporate purposes
Registrar and Lead Manager
Registrar: Kfin Technologies Ltd.
Lead Manager: Vivro Financial Services Pvt. Ltd.
FAQs – Kosamattam Finance NCD February 2026
Q – What does “Secured NCD” mean?
A – secured NCD means the debentures are backed by the company’s assets. If the company fails to repay, investors have a better level of safety compared to unsecured NCDs.
Q -What does FCFS (First Come First Serve) mean in NCD allotment?
A- FCFS means allotment is done in the order of applications received. Early applicants have a higher chance of getting allotment, especially if the issue gets fully subscribed quickly.
Q -What does “Cumulative” option mean in NCDs?
A -In the cumulative option, interest is not paid regularly. Instead, the interest is added to the investment amount and paid together at maturity.
Q -What is the difference between Monthly and Cumulative interest payment?
A – In monthly payout, interest is paid every month. In cumulative payout, interest is paid only at the end of the tenure along with the principal amount.
Q-What is the meaning of Effective Yield in NCDs?
A – Effective yield shows the actual annual return an investor earns, considering interest payment structure and maturity value. Higher yield means better overall return.
Q -What is the minimum investment required in Kosamattam Finance NCD?
A -The minimum application size is 10 NCDs, and since each NCD costs ₹1,000, the minimum investment is ₹10,000
