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KLM Axiva Finvest Limited NCD (KLM Axiva Finvest NCD SEP 2018) Detail

Sep 27, 2018 - Oct 26, 2018

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.

KLM operates primarily in 3 business
verticals:
1. Gold loans
2. Micro, small and medium enterprises (MSME) loans
3. Personal loans

It also provides microfinance loan to women customers and vehicle loans.

The company has established 76 branches across Kerala, Karnataka and Tamil Nadu.

The AUM of the company grew at a CAGR of 183.63% from ₹ 1,135.67 Lakhs in 2015 to ₹ 9,135.68 Lakhs in the fiscal year 2017.

As of February 28, 2018, and March 31, 2017, gold loans represented 29.21% and 41.14%, MSME loans represented 41.00% and 43.42% and personal loans represented 22.85% and 13.79% of the customer base respectively.

Competitive Strengths-

1. The diversified product portfolio of loans
2. Robust distribution network

KLM Axiva Finvest NCD SEP 2018 Detail

Issue OpenSep 27, 2018 - Oct 26, 2018
Security NameKLM Axiva Finvest Limited
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs) and/or Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs)
Issue Size (Base)Rs 100.00 Crores
Issue Size (Shelf)Rs [.] Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size5 NCD
Market Lot1 NCD
Listing AtBSE
Credit Rating
Tenor
Series
Payment Frequency
Basis of Allotment

Company Promoters

The Promoters of the Company are Ms. Biji Shibu and Ms. Princy Josekutty. They together hold 4,87,300 Equity
Shares aggregating to 1.22% of the share capital of the Company.

Objects of the Issue:

The objects of the issue are to raise funds for-

1. The purpose of onward lending, financing and for repayment of interest and principal of existing
borrowings ;
2. General Corporate Purposes;

Ratings

This issue is rated CARE BB': Outlook Stable by CARE. The rating of NCDs by CARE indicates that instruments with this rating are considered to have a moderate risk of default regarding timely servicing of financial obligations.

Offerings

The company offers coupon rates ranging from 11.25% - 12.25% depending on the tenures of 1, 2, 3, 5 and 6 years and the mode of interest payments are monthly, annual, cumulative as per investors choice.

KLM Axiva Finvest NCD SEP 2018 Prospectus

KLM Axiva Finvest NCD SEP 2018 Rating

21
2.3
Rating:Rated 2.3 stars

Vote Here ...

KLM Axiva Finvest NCD SEP 2018 Reviews

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 SEP 2018 Registrar

Karvy Computershare Private Limited
   Karvy Registry House, 8-2-596, St. No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Email: einward.ris@karvy.com
Website: https://karisma.karvy.com/

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KLM Axiva Finvest NCD SEP 2018 Review / Comments


6 Comments

avatar
6. bcskal  Oct 5, 2018 09:33 Reply
Dear friends,
Is it advisable to invest in this NCD? Is it a reliable company? Can we apply for monthly interest for 1-year? Experts, please comment. Thanks.
avatar
6.1. Navkant  Oct 9, 2018 14:31
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
There would be a lot of scrutiny on NBFCs after IL&FS fiasco. Company looks ok with a lot of similar peers. The NCDs are secured but not sure how will Kerala floods affect their revenue source. There is some risk but things shouldn't change much in a year's time.

If BJP struggles to retain power, the 12% interest will beat NSE easily in 2019.
avatar
5. Ankush Chavan  Oct 1, 2018 09:21 Reply
What is the meaning of an "NCD being risky"? The company exists from past many years. Even then does it mean that if profits aren't made, we will lose our money? Thank you!
avatar
5.2. Ankush Chavan  Oct 4, 2018 11:45
Thanks for the view Navkant. So do they at least give the invested money in time if the profits go down? And if its a secured NCD then why is it risky which such a good coupon rate? Thank you🙂
avatar
5.3. Navkant  Oct 4, 2018 16:01
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Secured NCD have the backing of the company assets as per my knowledge. The risk is in terms of the interest servicing capabilities.
avatar
4. Npmistry  Oct 3, 2018 16:25 Reply
When this ncds be listed....is the process is same as of equity IPO?? Is this worth applying???
avatar
4.1. Navkant  Oct 3, 2018 20:08
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Process same as equity IPO but there are very few trades in the NCD space. KLM looks risky and hence the smart returns promise.
avatar
3. satinder  Oct 3, 2018 19:32 Reply
BB rating not better than AAA RATING,default in payment of interest will render less value of ncd
avatar
2. Vaaru  Sep 30, 2018 11:45 Reply
Looking good as per coupon rate
avatar
1. Vaaru  Sep 30, 2018 11:28 Reply
Wow coupon rate 11.25 to 12.25%




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