Kosamattam Finance NCD — August 2026
The facts of Kosamattam Finance's public NCD issue, plus the framework to evaluate it yourself. This page states what the issue is. Whether it belongs in your portfolio is your call; we don't make recommendations.
Issue details
| Subscription window | 18 Aug 2026 – 1 Sept 2026 |
| Issue size | ₹100 cr base |
| Credit rating | A/Stable — India Ratings |
| Security | Secured |
| Tenor options | 24, 36, 42, 50, 60 and 84 months |
| Coupon range | effective yields up to 10.41% p.a. |
| Face value | ₹1,000 per NCD |
| Minimum application | ₹10,000 (10 NCDs) |
| Listing | See prospectus |
Kerala gold-loan NBFC and a frequent issuer, back with another tranche roughly seven weeks after the May 2026 one closed.
How to evaluate this issue (15 minutes)
- Rating rationale, not rating letters. Find the agency's 1–2 page rationale for this issuer; it names the weaknesses. Then apply the full 10-point checklist.
- The spread question. Compare the coupon against the same-tenor G-sec on our yields page. The gap is your payment for credit risk. Ask why this issuer pays this much, and whether it's enough.
- Series math. Run the series you're considering through the YTM calculator. Monthly, annual and cumulative differ more than brochures suggest, including on taxes.
- Size it. Cap the position at 5% of your fixed income regardless of rating. The history is the reason.
Applying
Public NCD issues are applied to through your broker's IPO/NCD section (UPI mandate or ASBA; funds stay blocked, not debited, until allotment). Retail allotment is generally first-come-first-served within category, so day-one applications matter. Full mechanics, including reading the series table and what happens after allotment: the NCD application guide.
Frequently asked questions
Is the Kosamattam Finance NCD safe?
No NCD is "safe" the way an insured FD or a G-sec is; it carries Kosamattam Finance's credit risk. This issue is rated A/Stable — India Ratings; read the rating rationale on the agency's website, not just the letters. Then run our 10-point corporate bond checklist and size the position so a default couldn't hurt you (5% of your fixed income per issuer).
How do I apply?
Through your broker's IPO/NCD section, using UPI mandate or ASBA. Money stays blocked until allotment. Retail allotment in public NCD issues is generally first-come-first-served within category, so apply on day one of the window. Our step-by-step application guide covers the mechanics.
Which series should I pick?
Monthly-payout series effectively yield more than their sticker (compounding in your hands) but cumulative series concentrate all credit risk on one future date and are taxed as interest. Check any series' yield in our bond YTM calculator, and compare it against the same-tenor G-sec on the yields page. The gap between the two is your payment for taking credit risk.
Where is the official prospectus?
On the BSE/NSE public-issues pages and Kosamattam Finance's website. The tranche prospectus has the series table, security details and financials, and it is the final word over any summary, including this page.
Related
Factual reference compiled from public issue documents. Not investment advice, not a recommendation for or against this issue, and not a substitute for the prospectus. We are not SEBI-registered advisers. See the disclaimer.