KLM Axiva Finvest NCD-August 2023

KLM Axiva Finvest NCD opens for subscription from 24 August 2023. The company aims for a base issue size of ₹75 Crores.


About the company

KLM Axiva Finvest 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 loans, 3. Personal loan, and 4. Microfinance loans to women customers. As of 31 March 2023, its total AUM stood at INR 1,460.33 crore. As of 30 June 2023, the company operates through 684 branches across six states namely Kerala, Karnataka, Tamil Nadu, Telangana, Andhra Pradesh, and Maharashtra.

The company’s 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: Two-wheeler loans to women customers.

Objectives of the Issue

  1. Onward lending, financing, and repayment/prepayment of principal and interest on existing borrowings.
  2. General Corporate Purposes.

KLM Axiva Finvest NCD Details

Issue OpenAugust 24, 2023 – September 6, 2023
Security NameKLM Axiva Finvest Limited
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base)₹ 75.00 Crores
Issue Size (Shelf)₹ [.] Crores
Issue Price₹ 1000 per NCD
Face Value₹ 1000 each NCD
Minimum Lot size5 NCD
Market Lot1 NCD
Listing AtBSE
Credit RatingIND BBB-/Stable by India Ratings & Research Private Limited
Tenor400 days, 16, 18, 82 months, and 2, 3, 5 years
SeriesSeries I to X
Payment FrequencyMonthly, Annual and Cumulative
Basis of AllotmentFirst Come First Serve Basis
Debenture Trustee/sVistra Itcl India Limited

Options and Coupon Rates

OptionTenureInterest PaymentCoupon RateEffective YieldMaturity Amount
Series 1400
Days
Monthly9.00%9.38%₹ 1,000
Series 216 monthsCumulativeNA9.60%₹ 1,130
Series 318 monthsMonthly9.35%9.76%₹ 1,000
Series 42
Years
Monthly9.50%9.92%₹ 1,000
Series 52
Years
Annual9.75%9.75%₹ 1,000
Series 63
Years
Monthly9.75%10.20%₹ 1,000
Series 73
Years
Annual10.00%10.00%₹ 1,000
Series 85
Years
Monthly10.50%11.02%₹ 1,000
Series 95
Years
Annual10.75%10.75%₹ 1,000
Series 1082 monthsCumulativeNA10.68₹ 2,000


NCD Rating

The company has received a rating of IND BBB-/Stable by India Ratings & Research Private Limited for the NCDs proposed to be issued pursuant to this Issue.


Company Financials

Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets823.841,472.191,719.30
Revenue126.57185.91278.75
Profit After Tax7.0611.3818.33
(Amount in ₹ Crore)

NCD Allocation Ratio

Category NCD’s Allocated
Institutional10%
Non-Institutional40%
Retail50%
Category 40%

NCD’s Offered by Category

Category NCD’s Reserved
Institutional75,000
Non-Institutional300,000
Retail375,000
Category 40
Total NCD’s750,000

Company Promoters

  • Biji Shibu

NCD Lead Manager

VIVRO FINANCIAL SERVICES PRIVATE LIMITED
607/608 Marathon Icon, Opp. Peninsula
Corporate Park Off. Ganpatrao Kadam Marg,
Veer Santaji Lane, Lower Parel,
Mumbai-400 013, Maharashtra, India
Phone: +91 22 6666 8040/41/42
Email:  investors@vivro.net
Website: www.vivro.net


NCD Registrar

KFIN TECHNOLOGIES LIMITED
Selenium Tower B, Plot No – 31 & 32,
Financial District, Nanakramguda,
Serilingampally, Hyderabad Rangareddi,
500 032, Telangana, India
Phone: +91 40 6716 2222
Email: klmaxiva.ncd@kfintech.com
Website: www.kfintech.com


Company Contact Details

KLM Axiva Finvest Limited
Door No. 8-13, Plot No. 39, First Floor, Ashoka Co
mplex, Mythripuram Colony, Gayathrinagar X Road,
Vaishalinagar P.O., Hyderabad, Telangana-500 079

Phone: +91-40-3516 2071
Email: infoklmaxiva.com
Websitehttps://klmaxiva.com/


Final Thoughts

Non-convertible debentures (NCDs) are 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

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