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KLM Axiva Finvest Limited NCD (KLM Axiva Finvest NCD Aug 2019) Detail

Aug 28, 2019 - Sep 26, 2019

Incorporated in 1997, Hyderabad based KLM Axiva Finvest Limited is a non-deposit taking and non-systematically important non-banking finance company (NBFC). The company primarily serves low and middle-income individuals and businesses. Mainly their customers are businessmen, vendors, traders, farmers, salaried individuals and families.

KLM operates primarily in 4 business verticals:

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

The company has established 125 branches across Kerala, Karnataka and Tamil Nadu.

Competitive Strengths-

1. The diversified product portfolio of loans
2. Robust distribution network

As of March 31, 2019, March 31, 2018 and March 31, 2017, Company's AUM was ₹ 37,383.27 lakh, ₹ 19,423.29 lakh and ₹ 9,135.68 lakhs, respectively. Their AUM increased at a CAGR of 102.29% from ₹ 9,135.68 lakhs as of March 31, 2017 to ₹ 37,383.27 lakhs as of March 31, 2019.

KLM Axiva Finvest NCD Aug 2019 Detail

Issue OpenAug 28, 2019 - Sep 26, 2019
Security NameKLM Axiva Finvest Limited
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base)Rs 100.00 Crores
Issue Size (Shelf)Rs 125.00 Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size5 NCD
Market Lot1 NCD
Listing AtBSE
Credit RatingCARE BB+/Stable
Tenor400 days/ 45 months/ 75 months/2 yrs/ 3 yrs/ 5 yrs
Series

Series I to X

Payment FrequencyMonthly, Annually or Cumulative
Basis of AllotmentFirst Come First Serve Basis

NCD Allocation Ratio

NCD's allocated in each investor category:

Category ?NCD's Allocated
Category 1 (QIB)10%
Category 2 (NII)40%
Category 3 (HNI)50%
Category 4 (RII)0%

NCD's Offered

NCD's offered in each investor category:

Category ?NCD's Reserved
Category 1 (QIB)100,000
Category 2 (NII)400,000
Category 3 (HNI)500,000
Category 4 (RII)0
Total NCD's1,000,000

Coupon Rates

Terms of the NCDs

Tenure

400 Days

400 Days

2 Years

2 Years

3 Years

3 Years

5 Years

5 Years

45 Months

75 Months

Nature Options

I

II

III

IV

V

VI

VII

VIII

IX

X

Frequency of Interest Payment

Monthly

Cumulative

Monthly

Yearly

Monthly

Yearly

Monthly

Yearly

Cumulative

Cumulative

Minimum Application

₹5000 (5 NCDs)

In multiples of thereafter

1 NCD after minimum app

Face Value of Secured NCDs (₹/ NCD)

₹1,000

Issue Price (₹/ NCD)

₹1,000

Mode of Interest Payment

Through various options

Coupon Rate (% per annum)

11.00%

NA

11.25%

11.50%

11.50%

11.75%

11.75%

12.00%

NA

NA

Coupon Type

Fixed

Redemption Amount (₹/ NCD) for Debenture Holders*

₹1,000

₹1,123

₹1,000

₹1,000

₹1,000

₹1,000

₹1,000

₹1,000

₹1,500

₹2,000

Effective Yield (Per annum)

11.57%

11.17%

11.85%

11.50%

12.13%

11.75%

12.40%

12.00%

11.42%

11.73%

Deemed Date Of Allotment

The Date on which the Board of the Debenture Committee approves the allotment of NCDs. All benefits relating to the NCDs including interest on the NCDs shall be available to the investors from the Deemed date of allotment. The actual Allotment of NCDs may take place on a date other than the Deemed Date of Allotment.

NCD Rating Detail

The NCDs proposed to be issued under the Issue have been rated 'CARE BB+ Stable' (Double B Plus; Outlook: Stable) by CARE Ratings Limited ("CARE Ratings") for an amount up to 12,500 lakhs, vide its letter dated July 22, 2019. The rating of NCDs by Care Ratings indicates that instruments with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations.

Company Promoters

Ms. Biji Shibu and Ms. Princy Josekutty are the promoters of the company

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs Lakhs)
31-Mar-19 31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15
Total Assets 42584.44 22935.89 10898.23 4255.80 1932.76
Total Revenue 6835.61 4273.17 2393.75 1081.88 314.21
Profit After Tax 597.74 568.65 212.98 164.22 54.15

Objects of the Issue:

The objects of the issue are:

1. For the purpose of onward lending;
2. For repayment of interest and principal of existing borrowings; and
3. General Corporate Purposes.

KLM Axiva Finvest NCD Aug 2019 Prospectus

KLM Axiva Finvest NCD Aug 2019 Rating

7
3.6
Rating:Rated 3.6 stars

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KLM Axiva Finvest NCD Aug 2019 Reviews

Company Contact Information

KLM Axiva Finvest Limited
Subodh Business Centre 408,
Malik Chambers, Hyderguda,
Hyderabad - 500 029, Telangana

Phone: +91-040-48542753
Email: co_secy@klmgroup.in
Website: http://www.klmaxiva.com

KLM Axiva Finvest NCD Aug 2019 Registrar

Karvy Computershare Private Limited
   Karvy Registry House, 8-2-596, St. No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Email: einward.ris@karvy.com
Website: https://karisma.karvy.com/

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