[.]| Listing at BSE | Tue, Jun 2, 2020 - Fri, Jun 26, 2020
KLM Axiva Finvest Ltd. NCD issue is a public issue of secured, redeemable, non-convertible debenture , issued under a Shelf Prospectus of ₹125.00 Cr with a base issue size of ₹100.00 Cr and an option to retain oversubscription up to ₹[.] Cr, aggregating to a tranch issue size of ₹[.] Cr. The NCDs are offered at a face value ₹1000 each and an issue price of ₹1000 per NCD.
KLM Axiva Finvest Ltd. NCD issue opens on Jun 2, 2020 and closes on Jun 26, 2020. NCD are proposed to be listed on BSE.
The minimum lot size is 5 NCDs, requiring a minimum investment of ₹ 5,000 , while the market lot for trading is 1 NCD.
The issue offers interest rates ranging from per annum to per annum, depending on the series and tenure selected.
The NCD has been rated: .
Vivro Financial Services Pvt.Ltd. is the Lead Manager to the issue, is the Debenture Trustee, and Kfin Technologies Ltd. is the Registrar to the Issue.
Investors are advised to refer to the NCD Offer Document for detailed information on risk factors, financials, and the terms of the issue.
| 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 | Rs 5000 (5 NCDs) | |||||||||
| In multiples of thereafter | 1 NCD after minimum app | |||||||||
| Face Value of Secured NCDs (Rs / NCD) | Rs 1,000 | |||||||||
| Issue Price (Rs / NCD) | Rs 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 (Rs / NCD) for Debenture Holders* | Rs 1,000 | Rs 1,123 | Rs 1,179 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 2,000 |
Ms. Biji Shibu and Ms. Princy Josekutty are the promoters of the company.
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.
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.
[Dilip Davda] Coupon rates are very attractive amidst lowering of interest rate scenario. While company has improved its performance for last two and half fiscals, rising NPAs raises concern. Considering poor rating, risk savvy cash surplus investors may consider parking of funds at their own risk. (Other). Read detail review...
The KLM Axiva NCD June 2020 was subscribed 1.42 times on Jun 26, 2020 17:00. The NCD subscribed .
KLM Axiva Finvest Ltd.
Subodh Business Centre 408,
Malik Chambers, Hyderguda,
Hyderabad - 500 029, Telangana
Hyderabad, Telangana, 500029
NSE and BSE offer NSEgoBid and BSEDirect apps/websites through which retail investors can apply for NCDs up to Rs 5 lakhs. Not all brokers and banks provide the facility to apply for NCD online.
To apply for an NCD online, the investor should fill in the NCD bid details online and provide the details of the DP and bank accounts (ASBA/UPI) as requested. In the case of a UPI application, the investor needs to approve the UPI mandate to complete the application process.
Steps to invest in NCD IPO through GoldenPi
Retail investors can apply for an IPO online if the investment amount is less than or up to 10 lakhs.
Steps to apply for NCD IPO with Indiabonds:
You can buy or invest in NCD IPOs through the following intermediaries:
The investor can apply for the NCD IPO online through NCD intermediaries such as a registered stockbroker, provided the broker offers an online application for the NCD IPO. Not many brokers allow you to invest in an NCD IPO online. Currently, very few brokers, such as Nuvama Wealth, Angel One, and SBI Securities, offer the facility to apply for NCD IPOs electronically. You should check with your broker or intermediary to see if the online application facility for the NCD IPO is available through them.
Refer to the detailed guidelines on NSEgoBID and BSEDirect for information on the registration process and how to apply for NCDs through the exchange.
Important links :
Read more about NCD Application Process.
The minimum amount required for NCD investment is Rs. 10,000.
Generally, the minimum lot size of NCD is 10, and the face value is 1,000.
NCD allotment can be checked on the BSE website or with the Registrar once the allotment has been made.
Steps to check the NCD allotment status at the BSE:
Alternatively, the applicant can also check the allotment status on the respective website of the Registrar for the issue. The applicant will need their PAN details or the applicant's Aadhaar number to check the status.
Generally, all applicants receive full allotment due to the retention of the oversubscription option.
Read more information on NCD Subscription and NCD Allotment Process.
No, you cannot withdraw or redeem KLM Axiva Finvest Ltd. NCDs before maturity directly from the company. However, there are a couple of options available if you want to exit early:
If the NCDs are listed on stock exchanges (like BSE/NSE), you can:
Only possible if a "call option" exists.
Read more about NCD Subscription and Allotment Process
Bid Cancellation and Withdrawal Policy for NCD Applicants
Note:
The specific process and conditions for post-closure cancellation vary by issuer. Applicants should refer to the Offer Document for issuer-specific guidelines.
