Chittorgarh.com Logo
FREE Account Opening + No Clearing Fees + Rs 999 API
Loading...

KLM Axiva Finvest Limited NCD (KLM Axiva Finvest NCD February 2022) Detail

Feb 15, 2022 - Mar 11, 2022
KLM Axiva Finvest Limited Logo

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

  1. Gold Loans: Loans against pledging of household gold jewellery by individuals.
  2. MSME Loans: Lending to small and medium size enterprises such as businessmen, manufacturers, traders, and self-employed professionals.
  3. Personal Loans: Loans to individual customers against tangible collaterals.
  4. Microfinance Loans: Lending money to women customers for their personal and business needs.
  5. Vehicle Loans: 2 Wheeler loans to women customers.

As of 31 Dec, 2021, it has 342 branches across 4 states including Kerala, Karnataka, Tamil Nadu, and Telangana.

KLM Axiva Finvest NCD February 2022 Detail

Issue Open Feb 15, 2022 - Mar 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

NCD Allocation Ratio

Category ? NCD's Allocated
Category 1 0%
Category 2 0%
Category 3 0%
Category 4 0%

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

Coupon Rates for Each Series

'
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

NCD Rating

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.

Company Promoters

Ms. Biji Shibu is the promoter of the company.

Company Financials

Summary of Consolidated financial Information
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

Objects of the Issue

The company proposes to utilise the funds which are being raised through the Issue

  1. To meet the purpose of onward lending, financing and repayment/prepayment of principal and interest on existing borrowings; and
  2. Meet general corporate purposes.

KLM Axiva Finvest NCD February 2022 Prospectus

KLM Axiva Finvest NCD February 2022 Rating

11
2.5
Rating:Rated 2.5 stars
Vote Here ...

KLM Axiva Finvest NCD February 2022 Reviews

Company Contact Information

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/

KLM Axiva Finvest NCD February 2022 Registrar

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://karisma.kfintech.com/

KLM Axiva Finvest NCD February 2022 Lead Manager(s)


3 Comments

3. vairavan   I Like It. | Report Abuse |   Link | Apr 19, 2022 11:52:21 AM Reply
ISIN Number of this ncd plz
2. KB   I Like It. | Report Abuse |   Link | Feb 15, 2022 12:18:56 PM Reply
Last issue by KLM Axiva had also good response...also not seen any news of defaulting in any non-payment of interest...Any views ?
2.2. Rony Joseph Kurian   I Like It. 1 | Report Abuse |   Link | Feb 20, 2022 2:00:29 PM
As far as i know no issues with this company. I have invested in the current NCD-VI and also invested in NCD-IV which came on July 2021. Till now no issues with the interest payment in monthly option which i have choose.
2.3. Ajit Katariya   I Like It. | Report Abuse |   Link | Mar 4, 2022 3:02:24 PM
I invested in earlier offer, and don't see any issues till now
1. NAYAN PAUL   I Like It. | Report Abuse |   Link | Feb 19, 2022 9:54:08 AM Reply
How can I invest in this NCD?
What is the process ?
1.6. Rony Joseph Kurian   I Like It. | Report Abuse |   Link | Feb 21, 2022 5:39:59 PM
@KB Yes...you are right...just now i checked this is Axis Bank and showing the same as you said...Maybe all banks are not supporting this as you said...But i can confirm SBI is always supporting any issues which are coming up and i am continuously using SBI Internet Banking for the last 12-13 years.
1.7. KB   I Like It. | Report Abuse |   Link | Feb 21, 2022 9:32:45 PM
Thanks a lot Mr.Rony for sharing this info. I was not aware about this details of SBI.