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NCD Status: Closed [15th Sep 2022 to 12th Oct 2022]
KLM Axiva Finvest NCD of Rs. 100 Cr shelf size and Rs 100 Cr Base size opens for subscription from 15 Sept to 12 Oct 2022. The company issues series I to X secured and redeemable NCD at an issue size of Rs. 1000 per NCD. One can subscribe to the NCD with a minimum ticket size of Rs. 5,000 (5 NCDs). The NCD tenor is 400 days, 16 months, 18 months, 84 months, 2 years, 3 years, and 5 years with a coupon rate ranging 8.75% to 10.75% per annum. Check more about the KLM Axiva Finvest NCD Sept 2022 including credit rating, Coupon rates for each series, the basis of allotment, payment frequency, and more.
| NCD Opening Date: | 15th Sep 2022 |
| NCD Closing Date: | 12th Oct 2022 |
| NCD Type: | Secured NCD |
| Issue Size (Base): | Rs 100 Cr |
| Issue Size (Shelf): | Rs 100 Cr |
| Face Value: | Rs 1000 each NCD |
| Issue Price: | Rs 1000 per NCD |
| Market Lot: | 1 NCD |
| Min Order Qty: | 5 NCD |
| Min Order Amount: | Rs 5000 |
| Listing at: | BSE |
| Tenor: | 400 Days/ 16, 18, 82 Months/ 2, 3, 5 Years |
| Rating: | 'IND BBB-/Stable', by India Ratings & Research Private Limited (India Ratings) |
| Series: | Series I to X |
| Payment Frequency: | Monthly, Annual and Cumulative |
| Basis of Allotment: | First Come First Serve Basis |
| Interest on return: |
Zerodha Trade@20
| NCD Activity | Date |
|---|---|
| NCD Issue Open | 15th Sep 2022 |
| NCD Issue Close | 12th Oct 2022 |
* - Tentative Dates
| Category Name | NCD's Allocated |
|---|---|
| Institutional | 10% |
| Non-Institutional | 40% |
| Retail | 50% |
KLM Axiva Finvest is a non-banking non-deposit taking financial service company (NBFC). The company offers Gold Loans (Lending money by pledging household gold jewellery), MSME (Micro, Small, and Medium enterprises) Loans, Personal Loans, and Microfinance Loans services to customers.
The company offers loans to the customers which are typically businessmen, vendors, traders, farmers, salaried individuals, and families. As on June 30, 2022, it has a distribution network of 502 branches which is spread across Kerala, Karnataka, Tamil Nadu, Telangana, and Andhra Pradesh.
| KLM Finvest Financials (₹ in Cr) | 31-Mar-2022 | 31-Mar-2021 |
|---|---|---|
| Total Assets | ₹1472.19 | ₹823.84 |
| Total Income | ₹185.92 | ₹126.51 |
| Net Profit/Loss | ₹11.39 | ₹7.06 |
| Tenure | 400 days | 16 Months | 18 Months | 2 years | 2 years | 3 years | 3 years | 5 years | 5 years | 82 Months |
| Options | I | II | III | IV | V | VI | VI | VII | IX | X |
|---|---|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Cumulative | Monthly | Monthly | Annual | Monthly | Annual | Monthly | Annual | Cumulative |
| Coupon Rate % Per Annum | 8.75% | NA | 9.10% | 9.25% | '9.50% | 9.50% | 9.75% | 10.50% | 10.75% | NA |
| Coupon Type | Fixed | |||||||||
| Redemption Amount (₹/NCD) for Debenture Holders (%) | 1000 | 1,128 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 2,000 |
| Effective Yield (%) | 9.11% | 9.47% | 9.49% | 9.65% | 9.50% | 9.92% | 9.75% | 11.02% | 10.75% | 10.68% |
Ms. Biji Shibu is the promoter of KLM Axiva Finvest Ltd.
KLM Axiva Finvest NCD is Rated 'IND BBB-/Stable', by India Ratings & Research Private Limited (India Ratings).
Last Updated on 2022-09-27T10:02:55+00:00
