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Klm Axiva Finvest Limited NCD (Klm Axiva Finvest Limited NCD September 2021) Detail

Sep 30, 2021 - Oct 26, 2021
Klm Axiva Finvest Limited Logo

KLM Axiva Finvest Limited is a non-deposit-taking NBFC, primarily serving low and middle-income individuals and businesses that have limited or no access to formal banking and finance channels. The company mainly operates under four business verticals:

  1. Gold loan business, lending money against the pledge of household jewelry
  2. Micro, small, and medium enterprises loan
  3. Personal loan and
  4. Microfinance loan to women customers

As of August 31, 2021, the company has 285 branches across four states namely Kerala, Karnataka, Tamil Nadu, and Telangana. The company's corporate office is located in Kochi.

Klm Axiva Finvest Limited NCD September 2021 Detail

Issue Open Sep 30, 2021 - Oct 26, 2021
Security Name Klm Axiva Finvest Limited
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 100.00 Crores
Issue Size (Shelf) Rs 100.00 Crores
Issue Price Rs 1000 per NCD
Face Value Rs 1000 each NCD
Minimum Lot size 5 NCD
Market Lot 1 NCD
Listing At BSE
Credit Rating ‘"CARE BB+; Stable" by CARE Ratings Limited.
Tenor 366 & 400 days,18 & 80 months, 2,3,and 5 years
Series

Series I to Series X

Payment Frequency Monthly, Cumulative and Annual
Basis of Allotment

NCD Allocation Ratio

NCD's allocated in each investor category:

Category ? NCD's Allocated
Category 1 10%
Non-Institutional 40%
Retail 50%
Category 4 0%

NCD's Offered

NCD's offered in each investor category:

Category ? NCD's Reserved
Category 1 100,000
Non-Institutional 400,000
Retail 500,000
Category 4 0
Total NCD's 1,000,000

Coupon Rates

Coupon Rates for Each Series

Tenor 366 Days 400 Days 18 Months 2 Years 2 Years 3 Years 3 Years 5 Years 5 Years 80 Months
Type of Instrument Secured NCDs
Series Series 1 Series 2 Series 3 Series 4 Series 5 Series 6 Series 7 Series 8 Series 9 Series 10
Frequency of Interest Payment Monthly Cumulative Cumulative Monthly Annual Monthly Annual Monthly Annual Cumulative
Coupon Rate % Per Annum 10.00% NA NA 10.25% 10.50% 10.50% 10.75% 11.00% 11.25% NA
Amount on Maturity Rs.1,000 Rs.1,114 Rs.1,163 Rs.1,000 Rs.1,000 Rs.1,000 Rs.1,000 Rs.1,000 Rs.1,000 Rs.2,000
Effective Yield (%) 10.47% 10.35% 10.59% 10.75% 10.50% 11.02% 10.75% 11.57% 11.25% 10.96%

NCD Rating Detail

The issue has been rated “CARE BB+; Stable” by CARE Ratings Limited. Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations and carry lowest credit risk.

Company Promoters:

Ms. Biji Shibu is the promoters of the company.

Company Financials

Summary of Consolidated financial Information
Particulars For the year/period ended (Rs in Millions)
31-Mar-21 31-Mar-20
Total Assets 8,241.79 5,717.66
Total Revenue 1,265.23 1,022.53
Profit After Tax 71.41 5.31

Objects of the Issue:

  • For the purpose of onward lending, financing and repayment/prepayment of principal and interest on existing borrowings; and
  • General Corporate Purposes
  • Klm Axiva Finvest Limited NCD September 2021 Prospectus

    Klm Axiva Finvest Limited NCD September 2021 Rating

    13
    3.7
    Rating:Rated 3.7 stars
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    Klm Axiva Finvest Limited NCD September 2021 Reviews

    Company Contact Information

    Klm Axiva Finvest Limited
    Door No. 3-3-408/1, First Floor,
    RTC Colony, LB Nagar, Mansoorabad, Rangareddi,
    Hyderabad – 500 074, Telangana, India

    Phone: +91-40-48542753
    Email: cs@klmaxiva.com
    Website: https://www.klmaxiva.com/

    Klm Axiva Finvest Limited NCD September 2021 Registrar

    KFintech Private Limited
       KFintech, Tower-B, Plot No 31 & 32,
       Financial District, Nanakramguda, Gachibowli,
       Hyderabad, Telangana India - 500 032.

    Phone: 04067162222, 04079611000
    Email: klm.ncd@kfintech.com
    Website: https://karisma.kfintech.com/

    Klm Axiva Finvest Limited NCD September 2021 Lead Manager(s)


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