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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
As of 31 Dec, 2021, it has 342 branches across 4 states including Kerala, Karnataka, Tamil Nadu, and Telangana.
| 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 | Series I to Series X |
| Payment Frequency | Monthly, Annual and Cumulative |
| Basis of Allotment | First Come First Serve Basis |
Category  |
NCD's Allocated |
|---|---|
| Institutional | 10% |
| Non-Institutional | 40% |
| Retail | 50% |
| 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 |
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.
Ms. Biji Shibu is the promoter of the company.
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 571.77 | 102.25 | 7.14 |
| 31-Mar-21 | 824.18 | 126.52 | 0.53 |
| Amount in ₹ Crore | |||
The company proposes to utilise the funds which are being raised through the Issue
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) |
|---|---|
| Retail | 2.53x |
| Non-Institutional | 3.18x |
| Institutional | 0.00x |
| Total | 2.54x |
10 3.5 Rating:  Vote Here ... |
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/
Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Phone: 04067162222, 04079611000
Email: klmaxiva.ncdipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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