₹100.00 Cr| Listing at BSE | Mon, Dec 1, 2025 - Fri, Dec 12, 2025
KLM Axiva Finvest Ltd. NCD issue is a public issue of secured, redeemable, non-convertible debenture with a base issue size of ₹50.00 Cr and an option to retain oversubscription up to ₹50.00 Cr, aggregating to a total issue size of ₹100.00 Cr. The NCDs are offered at a face value ₹1000 each and an issue price of ₹1000 per NCD.
KLM Axiva Finvest Ltd. NCD issue opens on Dec 1, 2025 and closes on Dec 12, 2025. NCD are proposed to be listed on BSE.
The minimum lot size is 5 NCDs, requiring a minimum investment of ₹ 5,000 , while the market lot for trading is 1 NCD.
The issue offers interest rates ranging from 9.50% per annum to 11.00% per annum, depending on the series and tenure selected.
The NCD has been rated: BBB Stable by Acuité Ratings & Research Limited.
Vivro Financial Services Pvt.Ltd. is the Lead Manager to the issue, Vistra ITCL India Ltd. is the Debenture Trustee, and Kfin Technologies Ltd. is the Registrar to the Issue.
Investors are advised to refer to the NCD Offer Document for detailed information on risk factors, financials, and the terms of the issue.
Open Date
Mon, Dec 1, 2025
Close Date
Fri, Dec 12, 2025
Issue Size (Overall)
₹100.00 Cr
KLM Axiva Finvest Ltd. NCD Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 | Series 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Cumulative | Monthly | Monthly | Annual | Monthly | Annual | Monthly | Annual | Cumulative |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 400 Days | 16 Months | 18 Months | 2 Years | 2 Years | 3 Years | 3 Years | 5 Years | 5 Years | 79 Months |
| Coupon (% per Annum) | 9.50% | NA | 9.85% | 10.00% | 10.25% | 10.25% | 10.50% | 10.75% | 11.00% | NA |
| Effective Yield (% per Annum) | 9.92% | 9.96% | 10.31% | 10.47% | 10.25% | 10.75% | 10.50% | 11.30% | 11.00% | 11.10% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,135.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 2,000.00 |
KLM Axiva Finvest Ltd. NCD Rating given as following :
| S.No. | Rating Agency | NCD Rating | Outlook | Safety Degree | Risk Degree |
|---|---|---|---|---|---|
| 1 | Acuité Ratings & Research Limited | BBB | Stable | Moderate degree of safety | Moderate credit risk |
KLM Axiva Finvest Limited's revenue increased by 8% and profit after tax (PAT) dropped by 12% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 1,933.41 | 1,938.25 | 1,719.30 |
| Revenue | 340.66 | 315.92 | 278.75 |
| Profit After Tax | 20.19 | 23.03 | 18.33 |
| Amount in ₹ Crore | |||
The Promoter of the company is Biji Shibu.
| Category | Allocated (%) | Shares Reserved |
|---|---|---|
| Institutional | 10.00% | 50,000 |
| Non-Institutional | 40.00% | 2,00,000 |
| Retail | 50.00% | 2,50,000 |
| Total | 100.00% | 5,00,000 |
Incorporated in 1997, KLM Axiva Finvest Ltd is a non-deposit-taking systemically important non-banking finance company (NBFC Middle Layer) primarily serving low- and middle-income individuals and businesses.
KLM Axiva Finvest primarily operates in four business verticals:
The AUM in Gold, MSME, and Micro-Finance loans has increased at a CAGR of 30.59%, 13.28%, and 47.46%, from March 31, 2022, to March 31, 2024, respectively.
KLM Axiva Finvest's product portfolio includes:
As of June 30, 2025, the company has 668 branches across six states, namely Kerala, Karnataka, Tamil Nadu, Telangana, Andhra Pradesh, and Maharashtra, managed through its corporate office in Kochi.
[Dilip Davda] This is the 13th debt offer from the company since September 2018. The last debt offer was in the month of July 2025. It has posted pressure on its net margins as indicated by its Q1-FY26 performance. It has maintained coupon rates with sustained rating of ACUITE BBB/Stable. Rising NPAs and falling profits raises concern. There is no harm in skipping this poorly rated debt offer that carry moderate risk. Read detail review...
The KLM Axiva Finvest NCD November 2025 was subscribed 3.15 times on Dec 12, 2025 17:00. The NCD subscribed 3.24 times in Retail, 3.81 times in Non-Institutional, and 0.00 times in Institutional category.
KLM Axiva Finvest Ltd.
Door No. 8-13, Plot No. 39, First Floor, Ashoka,
Complex, Above Indian Bank, Mythripuram Colony,
GayathrinagarX Road, Vaishalinagar P.O.,
Hyderabad, Telangana, 500079
NSE and BSE offer NSEgoBid and BSEDirect apps/websites through which retail investors can apply for NCDs up to Rs 5 lakhs. Not all brokers and banks provide the facility to apply for NCD online.
To apply for an NCD online, the investor should fill in the NCD bid details online and provide the details of the DP and bank accounts (ASBA/UPI) as requested. In the case of a UPI application, the investor needs to approve the UPI mandate to complete the application process.
Steps to invest in NCD IPO through GoldenPi
Retail investors can apply for an IPO online if the investment amount is less than or up to 10 lakhs.
Steps to apply for NCD IPO with Indiabonds:
You can buy or invest in NCD IPOs through the following intermediaries:
The investor can apply for the NCD IPO online through NCD intermediaries such as a registered stockbroker, provided the broker offers an online application for the NCD IPO. Not many brokers allow you to invest in an NCD IPO online. Currently, very few brokers, such as Nuvama Wealth, Angel One, and SBI Securities, offer the facility to apply for NCD IPOs electronically. You should check with your broker or intermediary to see if the online application facility for the NCD IPO is available through them.
Refer to the detailed guidelines on NSEgoBID and BSEDirect for information on the registration process and how to apply for NCDs through the exchange.
Important links :
Read more about NCD Application Process.
The minimum amount required for NCD investment is Rs. 10,000.
Generally, the minimum lot size of NCD is 10, and the face value is 1,000.
NCD allotment can be checked on the BSE website or with the Registrar once the allotment has been made.
Steps to check the NCD allotment status at the BSE:
Alternatively, the applicant can also check the allotment status on the respective website of the Registrar for the issue. The applicant will need their PAN details or the applicant's Aadhaar number to check the status.
Generally, all applicants receive full allotment due to the retention of the oversubscription option.
Read more information on NCD Subscription and NCD Allotment Process.
No, you cannot withdraw or redeem KLM Axiva Finvest Ltd. NCDs before maturity directly from the company. However, there are a couple of options available if you want to exit early:
If the NCDs are listed on stock exchanges (like BSE/NSE), you can:
Only possible if a "call option" exists.
Read more about NCD Subscription and Allotment Process
Bid Cancellation and Withdrawal Policy for NCD Applicants
Note:
The specific process and conditions for post-closure cancellation vary by issuer. Applicants should refer to the Offer Document for issuer-specific guidelines.
