KLM Axiva Finvest NCD will open for subscription from 20 February 2023. the company aims for a base issue size of ₹ 125 Crores.
About the company
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 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.
Objectives of the Issue
- For the purpose of onward lending, financing, and repayment/prepayment of principal and interest on existing borrowings.
- General Corporate Purposes.
KLM Axiva Finvest NCD February 2023 Details
| 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) | ₹125 Crores |
| Issue Size (Shelf) | ₹125 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, 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 Trustees | VISTRA ITCL INDIA LIMITED |
Options and Coupon Rates
| Option | Tenure | Interest Payment | Coupon Rate | Effective Yield | Maturity Amount |
| Series 1 | 13 months | Monthly | 8.75% | 9.11% | ₹ 1,000 |
| Series 2 | 16 months | Cumulative | NA | 9.45% | ₹ 1,128 |
| Series 3 | 18 months | Monthly | 9.10% | 9.49% | ₹ 1,000 |
| Series 4 | 24 months | Monthly | 9.25% | 9.65% | ₹ 1,000 |
| Series 5 | 24 months | Annual | 9.50% | 9.50% | ₹ 1,000 |
| Series 6 | 36 months | Monthly | 9.50% | 9.92% | ₹ 1,000 |
| Series 7 | 36 months | Annual | 9.75% | 9,75% | ₹ 1,000 |
| Series 8 | 60 months | Monthly | 10.50% | 11.02% | ₹ 1,000 |
| Series 9 | 60 months | Annual | 10.75% | 10.75% | ₹ 1,000 |
| Series 10 | 82 months | Cumulative | NA | 10.68 | ₹ 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 (“India Ratings”) for an amount up to ₹ 25,000 lakhs.
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 |
NCD Allocation Ratio
NCD Documents
Company Promoters
- Ms. Biji Shibu
NCD Lead Manager
- Vivro Financial Services Private Limited
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 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
