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

August 28, 2019 - September 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 Rs 37,383.27 lakh, Rs 19,423.29 lakh and Rs 9,135.68 lakhs, respectively. Their AUM increased at a CAGR of 102.29% from Rs 9,135.68 lakhs as of March 31, 2017 to Rs 37,383.27 lakhs as of March 31, 2019.

KLM Axiva Finvest NCD Aug 2019 Detail

Issue Open	August 28, 2019 - September 26, 2019
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 125.00 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
Tenor	400 days/ 45 months/ 75 months/2 yrs/ 3 yrs/ 5 yrs
Series	Series I to X
Payment Frequency	Monthly, Annually or Cumulative
Basis of Allotment	First Come First Serve Basis

NCD Allocation Ratio

Category	NCD's Allocated
Category 1	10%
Category 2	40%
Category 3	50%

NCD's Offered by Category

Category	NCD's Reserved
Category 1	100,000
Category 2	400,000
Category 3	500,000
Category 4	0
Total NCD's	1,000,000

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	Rs 5000 (5 NCDs)
In multiples of thereafter	1 NCD after minimum app
Face Value of Secured NCDs (Rs / NCD)	Rs 1,000
Issue Price (Rs / NCD)	Rs 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 (Rs / NCD) for Debenture Holders*	Rs 1,000	Rs 1,123	Rs 1,000	Rs 1,000	Rs 1,000	Rs 1,000	Rs 1,000	Rs 1,000	Rs 1,500	Rs 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

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

› Draft Prospectus
› Red Herring Prospectus

KLM Axiva Finvest NCD Aug 2019 Subscription Status

The KLM Axiva Finvest NCD Aug 2019 was subscribed 1.15 times on September 26, 2019 5:00:00 PM. The NCD subscribed .

Category ?	Subscription (times)
Category 3	1.12x
Category 2 (NII)	1.48x
Category 1 (QIB)	0.00x
Total	1.15x

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KLM Axiva Finvest NCD Aug 2019 Rating

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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

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

Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/