KLM Axiva Finvest Limited NCD (KLM Axiva Finvest NCD February 2023) Detail

Feb 20, 2023 - Mar 3, 2023
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 2023 Detail

Issue Open Feb 20, 2023 - Mar 3, 2023
Security Name KLM Axiva Finvest Limited
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 125.00 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 IND BBB-/Stable by India Ratings & Research Private Limited
Tenor 400 days, 16, 82, 18 months, 2, 3, 5 years

Series I to X

Payment Frequency Monthly, Annual and Cumulative
Basis of Allotment First Come First Serve Basis

NCD Allocation Ratio

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

KLM Axiva Finvest Limited NCD Coupon Rates

#Series 1Series 2Series 3Series 4Series 5Series 6Series 7Series 8Series 9Series 10
Frequency of Interest PaymentMonthlyCumulativeMonthlyMonthlyAnnualMonthlyAnnualMonthlyAnnualCumulative
Tenor400 Days16 Months18 Months2 Years2 Years3 Years3 Years5 Years5 Years82 Months
Coupon (% per Annum)8.75%NA9.10%9.25%9.50%9.50%9.75%10.50%10.75%NA
Effective Yield (% per Annum)9.11%9.45%9.49%9.65%9.50%9.92%9.75%11.02%10.75%10.68%
Amount on Maturity (In Rs.)Rs 1,000.00Rs 1,128.00Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 2,000.00

NCD Rating

The NCDs proposed to be issued under this Issue have been rated "IND BBB-/Stable", by India Ratings & Research Private Limited ("India Ratings") for an amount up to ₹ 25,000 lakhs.

Company Promoters

Ms. Biji Shibu is the promoter of the company.

Company Financials

KLM Axiva Finvest Limited Financial Information (Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet Worth
Amount in ₹ Crore

Objects of the Issue

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

1. For the purpose of onward lending, financing and repayment/prepayment of principal and interest on existing borrowings.

2. General Corporate Purposes

KLM Axiva Finvest NCD February 2023 Prospectus

KLM Axiva Finvest NCD February 2023 Rating

Rating:Rated 3.3 stars
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KLM Axiva Finvest NCD February 2023 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 2023 Registrar

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

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

KLM Axiva Finvest NCD February 2023 Lead Manager(s)


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