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KLM Axiva Finvest Ltd is a non-deposit taking non-banking finance company that primarily serves low and middle income individuals and businesses. It primarily operates in the four business verticals; 1. Gold Loan, 2. Micro, small, and medium enterprise loan, 3. Personal loan, and 4. Microfinance loan to women customers. As of 30 Sep 2021, its total AUM was reported to Rs. 94170.90 lakhs.
Product Portfolio
As of 31 Dec, 2021, it has 342 branches across 4 states including Kerala, Karnataka, Tamil Nadu, and Telangana.
| Issue Open | February 15, 2022 - March 11, 2022 |
| 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+, Positive Outlook by Care Ratings |
| Tenor | 366 & 400 days/ 18 & 80 months/ 2, 3, & 5 years |
| Series | Series I to Series X |
| Payment Frequency | Monthly and Annual |
| Basis of Allotment | First Come First Serve Basis |
Category  |
NCD's Allocated |
|---|---|
| Category 1 | 0% |
| Category 2 | 0% |
| Category 3 | 0% |
| 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 |
| Options | I | II | III | IV | V | VI | VI | VII | IX | X |
|---|---|---|---|---|---|---|---|---|---|---|
| Nature | Secured NCDs | |||||||||
| Tenure | 366 days | 400 days | 18 Months | 2 years | 2 years | 3 years | 3 years | 5 years | 5 years | 80 Months |
| Frequency of Interest Payment | Monthly | Cumulative | Cumulative | Monthly | Annual | Monthly | Annual | Monthly | Annual | Cumulative |
| Minimum Application | 5,000 (5 NCDs) | |||||||||
| In Multiples of | 1 NCD after minimum application | |||||||||
| Face Value of NCDs (Rs /NCD) | Rs 1000 (1 NCD) | |||||||||
| Issue Price (Rs /NCD) | Rs 1000 (1 NCD) | |||||||||
| Mode of Interest Payment/Redemption | Through various options available | |||||||||
| Coupon Rate % Per Annum | 9.75% | NA | NA | 10% | 10.25% | '10.25% | 10.50% | 11% | 11.25% | NA |
| Coupon Type | Fixed | |||||||||
| Redemption Amount (₹ /NCD) for Debenture Holders (%) | 1000 | 1,114 | 1,163 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 2,000 |
| Effective Yield (%) | 10.20% | 10.35% | 10.59% | 10.47% | 10.25% | 10.75% | 10.50% | 11.57% | 11.25% | 10.96% |
| Put and Call Option | NA | |||||||||
The NCDs proposed to be issued under this Issue have been rated "CARE BB+; Positive (Double B Plus; Outlook: Positive)", by CARE Ratings Limited ("CARE Ratings") for an amount up to ₹ 200 crores. Instruments with such ratings are considered to have a moderate risk of default regarding timely servicing of financial obligations.
Ms. Biji Shibu is the promoter of the company.
| Particulars | For the year/period ended (Rs in Millions) | ||||
|---|---|---|---|---|---|
| 30-Sep-21 | 31-Mar-21 | ||||
| Total Assets | 10,759.09 | 8,238.42 | |||
| Total Revenue | 874.25 | 1,265.12 | |||
| Profit After Tax | 62.99 | 70.58 | |||
The company proposes to utilise the funds which are being raised through the Issue
The KLM Axiva Finvest NCD February 2022 was subscribed 2.09 times on March 11, 2022 1:00:00 AM. The NCD subscribed .
| Category ? | Subscription (times) |
|---|---|
| Category 3 | 2.39x |
| Category 2 (NII) | 2.24x |
| Category 1 (QIB) | 0.00x |
| Total | 2.09x |
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KLM Axiva Finvest Limited
Door No. 3-3-408/1, First Floor, RTC Colony,
Opposite SBI Bank, LB Nagar, Mansoorabad,
Rangareddi, Hyderabad – 500 074, Telangana, Indi
Phone: +91-40-48542753
Email: cs@klmaxiva.com
Website: http://www.klmaxiva.com/
Kfin Technologies 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://kosmic.kfintech.com/ipostatus/
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