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
- Onward lending, financing, and repayment/prepayment of principal and interest on existing borrowings.
- General Corporate Purposes.
KLM Axiva Finvest NCD Details
Issue Open | August 24, 2023 – September 6, 2023 |
Security Name | KLM Axiva Finvest Limited |
Security Type | Secured, 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 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, 18, 82 months, and 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 |
Options and Coupon Rates
Option | Tenure | Interest Payment | Coupon Rate | Effective Yield | Maturity Amount |
Series 1 | 400 Days | Monthly | 9.00% | 9.38% | ₹ 1,000 |
Series 2 | 16 months | Cumulative | NA | 9.60% | ₹ 1,130 |
Series 3 | 18 months | Monthly | 9.35% | 9.76% | ₹ 1,000 |
Series 4 | 2 Years | Monthly | 9.50% | 9.92% | ₹ 1,000 |
Series 5 | 2 Years | Annual | 9.75% | 9.75% | ₹ 1,000 |
Series 6 | 3 Years | Monthly | 9.75% | 10.20% | ₹ 1,000 |
Series 7 | 3 Years | Annual | 10.00% | 10.00% | ₹ 1,000 |
Series 8 | 5 Years | Monthly | 10.50% | 11.02% | ₹ 1,000 |
Series 9 | 5 Years | Annual | 10.75% | 10.75% | ₹ 1,000 |
Series 10 | 82 months | Cumulative | NA | 10.68 | ₹ 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 Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
Assets | 823.84 | 1,472.19 | 1,719.30 |
Revenue | 126.57 | 185.91 | 278.75 |
Profit After Tax | 7.06 | 11.38 | 18.33 |
NCD Allocation Ratio
NCD’s Offered by Category
Category | NCD’s Reserved |
---|---|
Institutional | 75,000 |
Non-Institutional | 300,000 |
Retail | 375,000 |
Category 4 | 0 |
Total NCD’s | 750,000 |
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
Website: https://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