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KLM Axiva Finvest NCD Feb 22

NCD Status: Closed [15th Feb 2022 to 11th Mar 2022]

Rated 3 stars Rated 3/5 by Team TopShareBrokers
KLM Axiva Finvest NCD Detail

KLM Axiva Finvest NCD of Rs. 200 Cr issue size opens for subscription from 15 Feb to 11 Mar 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 366 days, 400 days, 18 months, 80 months, 2 years, 3 years, and 5 years with a coupon rate ranging 9.75% - 11.25% per annum. Check more about the KLM Axiva Finvest NCD Feb 2022 including credit rating, Coupon rates for each series, the basis of allotment, payment frequency, and more.

KLM Axiva Finvest NCD Details

NCD Opening Date: 15th Feb 2022
NCD Closing Date: 11th Mar 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: 366 & 400 days/ 18 & 80 months/ 2, 3, & 5 years
Rating:

Care BB+; Positive (Double B Plus with Positive Outlook)

Series: Series I to X
Payment Frequency: Monthly, Annual, and Cumulative
Basis of Allotment: First Come First Serve Basis
Interest on return: TBD
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  • NCD Important Dates

    Action Dates
    NCD Activity Date
    NCD Issue Open 15th Feb 2022
    NCD Issue Close 11th Mar 2022

    * - Tentative Dates

    Offer Details

    Category Name NCD's Allocated

    About Company - KLM Axiva Finvest

    KLM Axiva Finvest is a non-banking non-deposit taking financial service company (NBFC). The company offers Gold Loans (Lending money of pledging of household gold jewellery), MSME (Micro, Small, and Medium Enterprise) Loans, Personal Loans and Microfinance Loans services to customers. As of Dec 31, 2021, it has 342 branches in Karnataka, Kerala, Tamil Nadu, and Telangana. As of 30 Sep 2021, KLM has reported a total AUM of Rs. 94,170.90 Lakh.

    Product Portfolio

    1. Gold Loan: Loans upto Rs. 100 Lakh on gold jewellery as collateral with a tenure upto 12 months.
    2. MSME Loan: Loans upto Rs. 10o0 Lakh to micro, small, and medium size enterprises for a tenure of upto 40 months.
    3. Personal Loan: Loans upto Rs. 20 Lakh on tangible collateral for a tenure of upto 40 months.
    4. Microfinance Loan: Loans upto Rs. 0.50 Lakh to a group of 10-15 women for business and personal needs.
    5. Vehicle Loan: 2-wheeler loans to women customers.

    KLM Axiva Finvest Financials

    KLM Finvest Financials (₹ in Cr) 30-Sep-2021 31-Mar-2021
    Total Assets ₹1,075.91 ₹823.84
    Total Income ₹87.43 ₹126.51
    Net Profit/Loss ₹6.30 ₹7.06

    KLM Axiva Finvest NCD Objective

    The company aims to utilize the net proceeds towards the following;

    1. For the purpose of onward lending, financing, and repayment or prepayment of principal and interest on existing borrowings.
    2. General corporate purposes.

    Coupon Rates for Each Series

    '
    Tenure 366 days 400 days 18 Months 2 years 2 years 3 years 3 years 5 years 5 years 80 Months
    Options I II III IV V VI VI VII IX X
    Frequency of Interest Payment Monthly Cumulative Cumulative Monthly Annual Monthly Annual Monthly Annual Cumulative
    Coupon Rate % Per Annum 9.75% NA NA 10% 10.25%10.25% 10.50% 11% 11.25% NA
    Coupon Type Fixed
    Redemption Amount (? /NCD) for Debenture Holders (%) 1000 1,114 1,163 1,000 1,000 1,000 1,000 1,000 1,000 2,000
    Effective Yield (%) 10.20% 10.35% 10.59% 10.47% 10.25% 10.75% 10.50% 11.57% 11.25% 10.96%
    https://www.sebi.gov.in/filings/debt-offer-document/feb-2022/klm-axiva-finvest-limited-draft-prospectus_55998.html

    KLM Axiva Finvest NCD Promoters

    Ms. Biji Shibu is the the company's promoter

    KLM Axiva Finvest NCD Rating Details

    Care Ratings has rated the issue with Care BB+ with a positive outlook that indicates moderate level of risks regarding timely servicing of financial obligations of the instrument.

    KLM Axiva Finvest NCD Not Eligible to Invest

    1. Minors without a guardian name
    2. Foreign nationals
    3. Persons resident outside India
    4. Foreign Portfolio Investors
    5. Foreign Venture Capital Investors
    6. Qualified Foreign Investors
    7. Overseas Corporate Bodies
    8. Persons ineligible to contract under applicable statutory/regulatory requirements

    Request call back from Zerodha

    KLM Axiva Finvest NCD Imporatant Links

    • KLM Axiva Finvest NCD DRHP >>Document
    • KLM Axiva Finvest NCD RHP >>KLM Axiva Finvest NCD Red Herring Prospectus is not yet available.
    • KLM Axiva Finvest NCD DRHP Shelf >>KLM Axiva Finvest NCD Draft Prospectus Shelf is not yet available.
    • KLM Axiva Finvest NCD RHP Shelf >>KLM Axiva Finvest NCD Red Herring Prospectus Shelf is not yet available.
    • KLM Axiva Finvest NCD Allotment Status >>KLM Axiva Finvest NCD Allotment is not declared yet, we will provide the link for status once allotment is out.

    Company Address

    KLM Axiva Finvest Limited
    Door No. 3-3-408/1, First Floor, RTC Colony, Opposite SBI Bank, LB Nagar, Mansoorabad, Rangareddi
    Hyderabad,Telangana-500074
    India
    Website: http://www.klmaxiva.com/
    Phone: +91-40-48542753
    Email: [email protected]

    KLM Axiva Finvest NCD Registrar

    KFintech Private Limited
    KFintech, Tower-B, Plot No 31 & 32,
    Financial District, Nanakramguda, Gachibowli,
    Hyderabad, Telangana India - 500 032.
    Website: https://karisma.kfintech.com/
    Phone: 04067162222, 04079611000
    Email: [email protected]

    KLM Axiva Finvest NCD Lead Manager

    1. Vivro Financial Services Private Limited
    KLM Axiva Finvest NCD Important dates - Issue Open Date, close Date, NCD Listing Date. NCD Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, NCD Listing date. What is the issue open date and close date for KLM Axiva Finvest? Should I apply in KLM Axiva Finvest NCD?

    Last Updated on 2022-04-05T12:26:44+00:00


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