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

Jul 5, 2021 - Jul 26, 2021
KLM Axiva Finvest Limited Logo

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. Mainly their customers are businessmen, vendors, traders, farmers, salaried individuals and families.

KLM operates primarily in 4 business verticals:

1. Gold loan business, lending money against the pledge of household jewellery
2. Micro, small and medium enterprises loan
3. Personal loan and
4. Microfinance loan to women customers.

The company has established 125 branches across Kerala, Karnataka and Tamil Nadu.

Competitive Strengths

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

As of March 31, 2019, March 31, 2018 and March 31, 2017, Company's AUM was Rs 37,383.27 lakh, Rs 19,423.29 lakh and Rs 9,135.68 lakhs, respectively. Their AUM increased at a CAGR of 102.29% from Rs 9,135.68 lakhs as of March 31, 2017 to Rs 37,383.27 lakhs as of March 31, 2019.

KLM Axiva Finvest NCD Detail

Issue Open Jul 5, 2021 - Jul 26, 2021
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 50.00 Crores
Issue Price Rs 1000 per NCD
Face Value Rs 1000 each NCD
Minimum Lot size 5 NCD
Market Lot 5 NCD
Listing At BSE
Credit Rating CARE BB+; Stable (Double BB plus; Outlook: Stable)
Tenor
Series
Payment Frequency
Basis of Allotment

NCD Allocation Ratio

Category ? NCD's Allocated
Category 1 0%
Category 2 0%
Category 3 0%
Category 4 0%

NCD's Offered by Category

Category ? NCD's Reserved
Category 1 100,000
Category 2 400,000
Category 3 500,000
Category 4 0
Total NCD's 1,000,000

Coupon Rates

Series

Frequency

Tenure

Coupon Rate

Effective Yield

I

Monthly

365 Days

10.50% 11.02%

II

Cumulative

400 Days

NA 10.80%

III

Cumulative

18 Months

NA 11.10%

IV

Monthly

2 Years

10.75% 11.30%

V

Yearly

2 Years

11.00% 11.00%

VI

Monthly

3 Years

11.00% 11.57%

VII

Yearly

3 Years

11.25% 11.25%

VIII

Monthly

5 Years

11.25% 11.85%

IX

Yearly

5 Years

11.50%

11.50%

X Cumulative 79 Months NA 11.10%

NCD Rating

Moderate risk of default regarding timely servicing of financial obligations.

Company Promoters

Ms. Biji Shibu and Ms. Princy Josekutty are the promoters of the company.

Objects of the Issue

The objects of the issue are:

1. For the purpose of onward lending, repayment of interest and principal of existing borrowings; and
2. General Corporate Purposes.

KLM Axiva Finvest NCD Prospectus

KLM Axiva Finvest NCD Subscription Status

The KLM Axiva Finvest NCD was subscribed 1.94 times on Jul 26, 2021 5:00:00 AM. The NCD subscribed .

Category ?Subscription (times)
Category 32.17x
Category 2 (NII)2.14x
Category 1 (QIB)0.00x
Total1.94x

Check Day by Day Bidding Details

KLM Axiva Finvest NCD Rating

20
2.8
Rating:Rated 2.8 stars
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KLM Axiva Finvest NCD 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: https://www.klmaxiva.com/

KLM Axiva Finvest NCD Registrar

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

Phone: 04067162222, 04079611000
Email: klm.ncd@kfintech.com
Website: https://karisma.kfintech.com/

KLM Axiva Finvest NCD Lead Manager(s)


3 Comments

3. Santosh Vaidya     Link|Jul 18, 2021 5:31:47 PM
Why KLM axiva ncd is not available on ICICI direct
2. Ajit Katariya     Link|Jul 13, 2021 4:32:03 PM
I applied earlier NCD and faced no issues, so will look forward for this, with good return in short term also.
1. Sarthak Deshmukh     Link|Jul 5, 2021 12:55:30 AM
I'm not applying BB rating doesn't bring confidence....