KLM Axiva Finvest Ltd NCD (KLM Axiva NCD June 2020) Detail

Jun 2, 2020 - Jun 26, 2020

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 ₹37,383.27 lakh, ₹19,423.29 lakh and ₹9,135.68 lakhs, respectively. Their AUM increased at a CAGR of 102.29% from ₹9,135.68 lakhs as of March 31, 2017 to ₹37,383.27 lakhs as of March 31, 2019.

KLM Axiva NCD June 2020 Detail

Issue OpenJun 2, 2020 - Jun 26, 2020
Security NameKLM Axiva Finvest Ltd
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base)Rs 100.00 Crores
Issue Size (Shelf)Rs 125.00 Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size5 NCD
Market Lot1 NCD
Listing AtBSE
Credit RatingCARE BB+/ Stable
Tenor400days/ 18month/ 2year/ 3year/ 5year/ 75month

Series I to Series X

Payment FrequencyMonthly, Annual and Cumulative
Basis of AllotmentFirst Come First Serve Basis

NCD Allocation Ratio

NCD's allocated in each investor category:

Category ?NCD's Allocated
Category 1 (QIB)10%
Category 2 (NII)40%
Category 3 (HNI)50%
Category 4 (RII)0%

NCD's Offered

NCD's offered in each investor category:

Category ?NCD's Reserved
Category 1 (QIB)100,000
Category 2 (NII)400,000
Category 3 (HNI)500,000
Category 4 (RII)0
Total NCD's1,000,000

Coupon Rates

  Series 1 Series 2 Series 3 Series 4 Series 5 Series 6 Series 7 Series 8 Series 9 Series 10
Tenure 400 Days 400 Days 18 Months 2 Years 2 Years 3 Years 3 Years 5 Years 5 Years 75 Months
Frequency of Interest Payment Monthly Cumulative Cumulative Monthly Yearly Monthly Yearly Monthly Yearly Cumulative
Minimum Application ₹5000 (5 NCDs)
In multiples of thereafter 1 NCD after minimum app
Face Value of Secured NCDs (₹/ NCD) ₹1,000
Issue Price (₹/ NCD) ₹1,000
Mode of Interest Payment Through various options
Coupon Rate (% per annum) 11.00% NA NA 11.25% 11.50% 11.50% 11.75% 11.75% 12.00% NA
Coupon Type Fixed
Redemption Amount (₹/ NCD) for Debenture Holders* ₹1,000 ₹1,123 ₹1,179 ₹1,000 ₹1,000 ₹1,000 ₹1,000 ₹1,000 ₹1,000 ₹2,000

NCD Rating Detail

The NCDs proposed to be issued under this Issue have been rated "CARE BB+; Stable", by CARE Ratings Limited ("CARE Ratings") for an amount up to ₹12,500 lakhs, vide its letter dated March 16, 2020 and revalidation letter dated May 22, 2020. The rating of NCDs by CARE Ratings indicates that instruments with this rating are considered to have 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
3. General Corporate Purposes.

KLM Axiva NCD June 2020 Prospectus

KLM Axiva NCD June 2020 Rating

Rating:Rated 2.9 stars

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KLM Axiva NCD June 2020 Reviews

Company Contact Information

KLM Axiva Finvest Ltd
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 NCD June 2020 Registrar

KFin Technologies Private Limited
   Selenium, Tower B, Plot No. 31 & 32
   Financial District, Nanakramguda, Serilingampally,
   Hyderabad 500 032, Rangareddi Telangana, India

Phone: +91 40 6716 2222
Email: klm.ncd@kfintech.com
Website: http://www.kfintech.com

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