The primary clients of KLM Axiva Finvest Ltd, a non-deposit accepting non-banking finance organisation, are poor and moderate income people and enterprises. Its four main business verticals are: 1. Gold Loan; 2. Micro, Small, and Medium Enterprise Loan; 3. Personal Loan; and 4. Microfinance Loan to Women Customers. Its declared total AUM as of September 30, 2021, was Rs. 94170.90 lakhs.
Product Portfolio
- Gold Loans: Loans secured by deposits of personal household gold jewellery.
- MSME Loans: Lending to SME’s, including entrepreneurs, manufacturers, traders, and independent contractors.
- Personal Loans: Individual client loans secured by real estate.
- Microfinance Loans: Lending money to female customers for both personal and professional purposes.
- Vehicle Loans: Two Wheeler loans to women customers.
As of the end of the year 2021, it had 342 locations spread over Telangana, Tamil Nadu, Kerala, and Karnataka.
KLM Axiva Finvest NCD February 2023 Detail
| Issue Open | Feb 20, 2023 – Mar 3, 2023 |
| Security Name | KLM Axiva Finvest Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 125.00 Crores |
| Issue Size (Shelf) | Rs 125.00 Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 5 NCD |
| 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 X |
| Payment Frequency | Monthly, Annual and Cumulative |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trusties | Vistra Itcl India Limited |
KLM Axiva Finvest Limited NCD 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 | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 400 Days | 16 Months | 18 Months | 2 Years | 2 Years | 3 Years | 3 Years | 5 Years | 5 Years | 82 Months |
| Coupon (% per Annum) | 8.75% | NA | 9.10% | 9.25% | 9.50% | 9.50% | 9.75% | 10.50% | 10.75% | NA |
| Effective Yield (% per Annum) | 9.11% | 9.45% | 9.49% | 9.65% | 9.50% | 9.92% | 9.75% | 11.02% | 10.75% | 10.68% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,128.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 2,000.00 |
NCD Rating
India Ratings & Research Private Limited (“India Ratings”) has assigned the NCDs intended to be issued under this Issue a “IND BBB-/Stable” rating for an amount up to ₹25,000 lakhs.
Company Promoters
- Ms. Biji Shibu
KLM Axiva Finvest Limited Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-20 | 571.77 | 102.25 | 0.53 | 64.07 |
| 31-Mar-21 | 824.18 | 126.52 | 7.14 | 83.93 |
| Amount in ₹ Crore |
KLM Axiva Finvest NCD February 2023 Lead Manager(s)
- Vivro Financial Services Private Limited
KLM Axiva Finvest NCD February 2023 Registrar
Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32, Financial District, Nanakramguda, Gachibowli, Hyderabad, Telangana India – 500 032.
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://karisma.kfintech.com/
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, India.
Phone: +91-40-48542753
Email: [email protected]
Website: http://www.klmaxiva.com/
Find KLM Axiva Finvest NCD February 2023 FAQs
Q1. When will KLM Axiva Finvest NCD Open?
Ans. KLM Axiva Finvest NCD is to open on February 20 and close on January 27, 2023.
Q2. What is KLM Axiva Finvest NCD Price?
Ans. The company has fixed the price at ₹1000 per NCD.
Q3. What is KLM Axiva Finvest NCD Issue Size?
Ans. The NCD issue size is ₹125 crores.
Q4. On Which platform the KLM Axiva Finvest NCD will list?
Ans. KLM Axiva Finvest NCD will list on BSE Platforms.
Q5. How to apply for KLM Axiva Finvest NCD?
Ans. You can apply from your existing Demat account online and offline.
