KLM Axiva Finvest Ltd stands as a non-deposit taking non-banking finance company, diligently catering to the financial needs of both low and middle income individuals and businesses. Its operations are primarily structured around four distinct business verticals:
- Gold Loan: Providing loans against the pledge of household gold jewelry by individual borrowers.
- MSME Loans: Extending financial support to small and medium-sized enterprises encompassing businessmen, manufacturers, traders, and self-employed professionals.
- Personal Loans: Offering loans to individual customers secured by tangible collaterals.
- Microfinance Loans: Dedicated to lending money to women customers, serving both their personal and business-oriented requirements.
- Vehicle Loans: Facilitating 2-wheeler loans tailored specifically for women customers.
As of September 30, 2021, KLM Axiva Finvest Ltd boasts a noteworthy Asset Under Management (AUM) figure, amounting to Rs. 94170.90 lakhs.
The company’s comprehensive product portfolio and operational reach are evidenced by its presence. As of December 31, 2021, KLM Axiva Finvest Ltd operates through a network of 342 branches spanning across four states: Kerala, Karnataka, Tamil Nadu, and Telangana. This widespread presence underscores its commitment to extending financial solutions to a diverse clientele.
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 Trustee/s | Vistra Itcl India Limited |
NCD Allocation Ratio #
Category  |
NCD’s Allocated |
|---|---|
| Institutional | 10% |
| Non-Institutional | 40% |
| Retail | 50% |
| Category 4 | 0% |
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 #
The NCDs proposed to be issued under this Issue have been rated “IND BBB-/Stable”, by India Ratings & Research Private Limited (“India Ratings”) for an amount up to ₹ 25,000 lakhs.
Company Promoters #
Ms. Biji Shibu is the promoter of the company.
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 | ||||
Objects of the Issue #
The company proposes to utilise the funds which are being raised through the Issue:
1. For the purpose of onward lending, financing and repayment/prepayment of principal and interest on existing borrowings.
2. General Corporate Purposes
KLM Axiva Finvest NCD February 2023 Prospectus #
Company Contact Information #
Door No. 3-3-408/1, First Floor, RTC Colony,
Opposite SBI Bank, LB Nagar, Mansoorabad,
Rangareddi, Hyderabad – 500 074, Telangana, IndiPhone: +91-40-48542753
Email: cs@klmaxiva.com
Website: http://www.klmaxiva.com/
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: klmaxiva.ncd@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
