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
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.
1. The diversified product portfolio of loans
2. Robust distribution network
|Issue Open||Sep 27, 2018 - Oct 26, 2018|
|Security Name||KLM Axiva Finvest Limited|
|Security Type||Secured, 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 Price||Rs 1000 per NCD|
|Face Value||Rs 1000 each NCD|
|Minimum Lot size||5 NCD|
|Market Lot||1 NCD|
|Basis of Allotment|
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.
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
2. General Corporate Purposes;
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.
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.
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KLM Axiva Finvest Limited
Subodh Business Centre 408
Malik Chambers, Hyderguda,
Hyderabad - 500 029, Telangana
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