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NCD Status: Closed [15th Feb 2022 to 11th Mar 2022]
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.
| 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 |
Zerodha Trade@20
| NCD Activity | Date |
|---|---|
| NCD Issue Open | 15th Feb 2022 |
| NCD Issue Close | 11th Mar 2022 |
* - Tentative Dates
| Category Name | NCD's Allocated |
|---|
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
| 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 |
The company aims to utilize the net proceeds towards the following;
| 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% |
Ms. Biji Shibu is the the company's promoter
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.
Last Updated on 2022-04-05T12:26:44+00:00
