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

September 15, 2022 - October 12, 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 September 2022 Detail

Issue Open September 15, 2022 - October 12, 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
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 Series 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%

NCD's Offered by Category

Category ? NCD's Reserved
Institutional 100,000
Non-Institutional 400,000
Retail 500,000
Category 4 0
Total NCD's 1,000,000

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
Tenor 400 days 16 months 18 months 2 years 2 years 3 years 3 years 5 years 5 years 82 months
Coupon Rate (Retail) 8.75% NA 9.10% 9.25% 9.50% 9.50% 9.75% 10.50% 10.75% NA
Effective Yield (% per Annum) 9.11% 9.47% 9.49% 9.65% 9.50% 9.92% 9.75% 11.02% 10.75% 10.68%
Amount on Maturity Rs 1,000 Rs 1,128 Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 Rs 2,000

NCD Rating

The NCDs proposed to be issued under this Issue have been rated IND BBB-/Stable", by India Ratings & Research Private Limited for an amount up to Rs. 20,000 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

KLM Axiva Finvest Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
Amount in ₹ Crore

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 September 2022 Prospectus

KLM Axiva Finvest NCD September 2022 Subscription Status

The KLM Axiva Finvest NCD September 2022 was subscribed 2.54 times on October 12, 2022 5:00:00 AM. The NCD subscribed 2.53 times in Retail, 3.18 times in Non-Institutional, and 0.00 times in the Institutional category.

Category ?Subscription (times)

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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

KLM Axiva Finvest NCD September 2022 Registrar

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

Phone: 04067162222, 04079611000

KLM Axiva Finvest NCD September 2022 Lead Manager(s)

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