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KLM Axiva Finvest Limited is a non-deposit-taking NBFC, primarily serving low and middle-income individuals and businesses that have limited or no access to formal banking and finance channels. The company mainly operates under four business verticals:
As of August 31, 2021, the company has 285 branches across four states namely Kerala, Karnataka, Tamil Nadu, and Telangana. The company's corporate office is located in Kochi.
| Issue Open | September 30, 2021 - October 26, 2021 |
| Security Name | Klm Axiva Finvest Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 100.00 Crores |
| Issue Size (Shelf) | Rs 100.00 Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 5 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE |
| Credit Rating | ‘"CARE BB+; Stable" by CARE Ratings Limited. |
| Tenor | 366 & 400 days,18 & 80 months, 2,3,and 5 years |
| Series | Series I to Series X |
| Payment Frequency | Monthly, Cumulative and Annual |
| Basis of Allotment | First Come First Serve Basis |
Category  |
NCD's Allocated |
|---|---|
| Category 1 | 10% |
| Non-Institutional | 40% |
| Retail | 50% |
| Category |
NCD's Reserved |
|---|---|
| Category 1 | 100,000 |
| Non-Institutional | 400,000 |
| Retail | 500,000 |
| Category 4 | 0 |
| Total NCD's | 1,000,000 |
| Tenor | 366 Days | 400 Days | 18 Months | 2 Years | 2 Years | 3 Years | 3 Years | 5 Years | 5 Years | 80 Months |
| Type of Instrument | Secured NCDs | |||||||||
| Series | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 | Series 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Cumulative | Cumulative | Monthly | Annual | Monthly | Annual | Monthly | Annual | Cumulative |
| Coupon Rate % Per Annum | 10.00% | NA | NA | 10.25% | 10.50% | 10.50% | 10.75% | 11.00% | 11.25% | NA |
| Amount on Maturity | Rs.1,000 | Rs.1,114 | Rs.1,163 | Rs.1,000 | Rs.1,000 | Rs.1,000 | Rs.1,000 | Rs.1,000 | Rs.1,000 | Rs.2,000 |
| Effective Yield (%) | 10.47% | 10.35% | 10.59% | 10.75% | 10.50% | 11.02% | 10.75% | 11.57% | 11.25% | 10.96% |
The issue has been rated “CARE BB+; Stable” by CARE Ratings Limited. Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations and carry lowest credit risk.
Ms. Biji Shibu is the promoters of the company.
| Particulars | For the year/period ended (Rs in Millions) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | ||||
| Total Assets | 8,241.79 | 5,717.66 | |||
| Total Revenue | 1,265.23 | 1,022.53 | |||
| Profit After Tax | 71.41 | 5.31 | |||
The Klm Axiva Finvest Limited NCD September 2021 was subscribed 2.02 times on October 26, 2021 5:00:00 AM. The NCD subscribed 2.05 times in Retail, 2.47 times in Non-Institutional, .
| Category ? | Subscription (times) |
|---|---|
| Retail | 2.05x |
| Non-Institutional | 2.47x |
| Category 1 (QIB) | 0.00x |
| Total | 2.02x |
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Klm Axiva Finvest Limited
Door No. 3-3-408/1, First Floor,
RTC Colony, LB Nagar, Mansoorabad, Rangareddi,
Hyderabad – 500 074, Telangana, India
Phone: +91-40-48542753
Email: cs@klmaxiva.com
Website: https://www.klmaxiva.com/
Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Phone: 04067162222, 04079611000
Email: klm.ncd@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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