KLM Axiva Finvest Limited NCD Detail (KLM Axiva Finvest NCD February 2022)

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 Limited NCD Detail

    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 Limited
    Being one of the oldest financial institutions with a fast-paced growth calls for serious social responsibility. KLM Axiva Finvest has shouldered that responsibility of steadily supporting the development of Kerala’s social and economic sector for the past 20 years. It’s the years of trust, the expertise to deal with situations, an excellent service history, clubbed with experienced manpower that makes KLM the natural and obvious choice for their patrons. 20 years of service excellence was built on the trust their patrons have invested in them. The maximum security and best returns that KLM offers for their assets have increased the loyalty in their patrons' manifold. Not to forget the services KLM offers to meet the different needs of their customers, which has now grown to more than one lakh satisfied customers and is counting.

    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

    1. Gold Loans: Loans against pledging of household gold jewelry by individuals.
    2. MSME Loans: Lending to small and medium-sized enterprises such as businessmen, manufacturers, traders, and self-employed professionals.
    3. Personal Loans: Loans to individual customers against tangible collaterals.
    4. Microfinance Loans: Lending money to women customers for their personal and business needs.
    5. 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:

    The company proposes to utilize the funds which are being raised through the Issue
    1. To meet the purpose of onward lending, financing and repayment/prepayment of principal and interest on existing borrowings; and
    2. 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 OnFeb 15, 2022
      Bid/Offer Closes OnMar 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) PDF
    • What 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.