KLM Axiva Finvest Limited launched a non-convertible debenture (NCD) issue, offering yields up to 11.25% for an 80 Months tenor, on Thursday. You can opt for monthly, annual, or cumulative interest payment options.
The issue which opened on the 15th Feb 2022 will remain open till 11th Mar 2022. The NCD is being offered in tenors ranging from 80 months and is rated “Care BB+” by Care Rating. The issue size is ₹100 crore, with the company retaining the right to keep an additional ₹100 crore from the proceeds.
KLM Axiva Finvest NCD February 2022 Detail
| Issue Open | Feb 15, 2022 - Mar 11, 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 | 5 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE |
| Credit Rating | Care BB+, Positive Outlook by Care Ratings |
| Tenor | 366 & 400 days/ 18 & 80 months/ 2, 3, & 5 years |
| Series | Series I to Series X |
| Payment Frequency | Monthly and Annual |
| Basis of Allotment | First Come First Serve Basis |
KLM Axiva Finvest NCD Coupon Rates for Each Series
| Options | I | II | III | IV | V | VI | VI | VII | IX | X |
|---|---|---|---|---|---|---|---|---|---|---|
| Nature | Secured NCDs | |||||||||
| Tenure | 366 days | 400 days | 18 Months | 2 years | 2 years | 3 years | 3 years | 5 years | 5 years | 80 Months |
| Frequency of Interest Payment | Monthly | Cumulative | Cumulative | Monthly | Annual | Monthly | Annual | Monthly | Annual | Cumulative |
| Minimum Application | 5,000 (5 NCDs) | |||||||||
| In Multiples of | 1 NCD after the minimum application | |||||||||
| Face Value of NCDs (Rs /NCD) | Rs 1000 (1 NCD) | |||||||||
| Issue Price (Rs /NCD) | Rs 1000 (1 NCD) | |||||||||
| Mode of Interest Payment/Redemption | Through various options available | |||||||||
| Coupon Rate % Per Annum | 9.75% | NA | NA | 10% | 10.25% | 10.25% | 10.50% | 11% | 11.25% | NA |
| Coupon Type | Fixed | |||||||||
| Redemption Amount (₹ /NCD) for Debenture Holders (%) | 1000 | 1,114 | 1,163 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 2,000 |
| Effective Yield (%) | 10.20% | 10.35% | 10.59% | 10.47% | 10.25% | 10.75% | 10.50% | 11.57% | 11.25% | 10.96% |
| Put and Call Option | NA | |||||||||
KLM Axiva Finvest NCD Rating Detail
The NCDs proposed to be issued under this Issue have been rated "CARE BB+; Positive (Double B Plus; Outlook: Positive)", by CARE Ratings Limited ("CARE Ratings") for an amount up to ₹ 200 crores. Instruments with such ratings are considered to have a moderate risk of default regarding timely servicing of financial obligations.
About KLM Axiva Finvest
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 loans to women customers. As of 30 Sep 2021, its total AUM was reported to be Rs. 94170.90 lakhs.
Product Portfolio
- Gold Loans: Loans against pledging of household gold jewelry by individuals.
- MSME Loans: Lending to small and medium-sized enterprises such as businessmen, manufacturers, traders, and self-employed professionals.
- Personal Loans: Loans to individual customers against tangible collaterals.
- Microfinance Loans: Lending money to women customers for their personal and business needs.
- Vehicle Loans: 2 Wheeler loans to women customers.
Company Promoters
- Ms. Biji Shibu is the promoter of the company.
Company Financials
Summary of financial Information (Restated Consolidated)
| Particulars | For the year/period ended (Rs in Millions) | |
|---|---|---|
| 30-Sep-21 | 31-Mar-21 | |
| Total Assets | 10,759.09 | 8,238.42 |
| Total Revenue | 874.25 | 1,265.12 |
| Profit After Tax | 62.99 | 70.58 |
Objects of the Issue:
- To meet the purpose of onward lending, financing and repayment/prepayment of principal and interest on existing borrowings; and
- Meet general corporate purposes.
KLM Axiva Finvest NCD Feb 2022 Prospectus
KLM Axiva Finvest NCD Lead Manager
- Vivro Financial Services Private Limited
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, Indi
Phone: +91-40-48542753
Email: cs@klmaxiva.com
Website: http://www.klmaxiva.com/
KLM Axiva Finvest NCD February 2022 Registrar
KFintech Private 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
KLM Axiva Finvest NCD FAQs
When is the KLM Axiva Finvest NCD Feb 2022 public issue coming?
The KLM Axiva Finvest NCD February 2022 issue opens on Feb 15, 2022, and closes on Mar 11, 2022, for the subscription.Note that the public issue of NCD is closed early in case it is fully subscribed (base + shelf) before its issue closing day. The allotment is done on a First Come First Serve Basis.
What is KLM Axiva Finvest NCD 2022 timetable?
KLM Axiva Finvest NCD IPO dates are as below:KLM Axiva Finvest NCD March 2021 Issue Timetable
Bid/Offer Opens On Feb 15, 2022 Bid/Offer Closes On Mar 11, 2022 Record Date Deemed Date of Allotment Where can I get the KLM Axiva Finvest NCD September 2022 issue prospectus pdf?
Sorry, KLM Axiva Finvest NCD Feb 2022 DRHP PDF Document is not available at this time.KLM Axiva Finvest NCD Feb 2022 Red Herring Prospectus (RHP) PDFWhat is the KLM Axiva Finvest NCD February 2022 price? Tell me the pricing of the KLM Axiva Finvest NCD issue?
KLM Axiva Finvest NCD Feb 2022 price is set at ₹1000 per NCD.What is the face value of KLM Axiva Finvest NCD February 2022?
The NCDs will be issued at a face value of ₹1000 for each NCD.What is the frequency of interest payment for KLM Axiva Finvest NCD Feb 2022?
The frequency of payment for KLM Axiva Finvest NCD Feb 2022 is Annual and Monthly.What is the minimum application size for investment in KLM Axiva Finvest NCD February 2022 public issue?
Each application should be for a minimum of 5 NCDs and multiples of 1 NCD thereof.What is KLM Axiva Finvest NCD February 2022 closing time?
KLM Axiva Finvest NCD February 2022 remains open for subscription on working days from 10:00 a.m. to 5:00 p.m until March 11, 2022. The bid may close earlier in case it is fully subscribed.
