KLM Axiva Finvest NCD will open for subscription from 15 September 2022. the company aims for a base issue size of ₹ 100 Crores.
KAF- KLM Axiva Finvest Ltd
KLM Axiva 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 ₹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.
As of 31 Dec 2021, it has 342 branches across 4 states including Kerala, Karnataka, Tamil Nadu, and Telangana.
Objects of the Issue
- To meet the purpose of onward lending, financing, and repayment/prepayment of principal and interest on existing borrowings.
- Meet general corporate purposes.
KLM Axiva Finvest NCD September 2022 Details
| Issue Open | Sep 15, 2022 – Oct 12, 2022 |
| Security Name | KLM Axiva Finvest Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | ₹100.00 Crores |
| Issue Size (Shelf) | ₹100.00 Crores |
| Issue Price | ₹1000 per NCD |
| Face Value | ₹1000 for each 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 Series X |
| Payment Frequency | Monthly, Annual and Cumulative |
| Basis of Allotment | First Come First Serve Basis |
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 Rate (Retail) | 8.75% | NA | 9.10% | 9.25% | 9.50% | 9.50% | 9.75% | 10.50% | 10.75% | NA |
| Effective Yield (% per Annum) | 9.11% | 9.47% | 9.49% | 9.65% | 9.50% | 9.92% | 9.75% | 11.02% | 10.75% | 10.68% |
| Amount on Maturity | Rs 1,000 | Rs 1,128 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 2,000 |
NCD Rating
The NCDs proposed to be issued under this Issue have been rated IND BBB-/Stable”, by India Ratings & Research Private Limited for an amount up to Rs. 20,000 crores. Instruments with such ratings are considered to have a moderate risk of default regarding timely servicing of financial obligations.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 571.77 | 102.25 | 7.14 |
| 31-Mar-21 | 824.18 | 126.52 | 0.53 |
NCD Allocation Ratio
NCD’s Offered by Category
| Category | NCD’s Reserved |
|---|---|
| Institutional | 100,000 |
| Non-Institutional | 400,000 |
| Retail | 500,000 |
| Category 4 | 0 |
| Total NCD’s | 1,000,000 |
Company Promoters
- Ms. Biji Shibu
NCD Lead Manager
- Vivro Financial Services Private Limited
KLM Axiva Finvest NCD 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.ncdipo@kfintech.com
Website: https://karisma.kfintech.com/
Company Contact Information
KLM Axiva Finvest Ltd
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/
Final Thoughts
Non Convertible Debentures (NCD) is a better investment option for those who are looking for a diversified portfolio. investing in KLM Axiva Finvest NCD is purely your personal choice. make a good study and analysis before you make the investment.
Happy Investing
