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Incorporated in 1997, Hyderabad based KLM Axiva Finvest Limited is a non-deposit taking and non-systematically important non-banking finance company (NBFC). The company primarily serves low and middle-income individuals and businesses. Mainly their customers are businessmen, vendors, traders, farmers, salaried individuals and families.
KLM operates primarily in 4 business verticals:
1. Gold loan business, lending money against the pledge of household jewellery
2. Micro, small and medium enterprises loan
3. Personal loan and
4. Microfinance loan to women customers.
The company has established 125 branches across Kerala, Karnataka and Tamil Nadu.
Competitive Strengths-
1. The diversified product portfolio of loans
2. Robust distribution network
As of March 31, 2019, March 31, 2018 and March 31, 2017, Company's AUM was Rs 37,383.27 lakh, Rs 19,423.29 lakh and Rs 9,135.68 lakhs, respectively. Their AUM increased at a CAGR of 102.29% from Rs 9,135.68 lakhs as of March 31, 2017 to Rs 37,383.27 lakhs as of March 31, 2019.
| Issue Open | August 28, 2019 - September 26, 2019 |
| 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 125.00 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 |
| Tenor | 400 days/ 45 months/ 75 months/2 yrs/ 3 yrs/ 5 yrs |
| Series | Series I to X |
| Payment Frequency | Monthly, Annually or Cumulative |
| Basis of Allotment | First Come First Serve Basis |
Category  |
NCD's Allocated |
|---|---|
| Category 1 | 10% |
| Category 2 | 40% |
| Category 3 | 50% |
| Category |
NCD's Reserved |
|---|---|
| Category 1 | 100,000 |
| Category 2 | 400,000 |
| Category 3 | 500,000 |
| Category 4 | 0 |
| Total NCD's | 1,000,000 |
| Terms of the NCDs | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|
Tenure |
400 Days |
400 Days |
2 Years |
2 Years |
3 Years |
3 Years |
5 Years |
5 Years |
45 Months |
75 Months |
|
Nature Options |
I |
II |
III |
IV |
V |
VI |
VII |
VIII |
IX |
X |
|
Frequency of Interest Payment |
Monthly |
Cumulative |
Monthly |
Yearly |
Monthly |
Yearly |
Monthly |
Yearly |
Cumulative |
Cumulative |
|
Minimum Application |
Rs 5000 (5 NCDs) |
|||||||||
|
In multiples of thereafter |
1 NCD after minimum app |
|||||||||
|
Face Value of Secured NCDs (Rs / NCD) |
Rs 1,000 |
|||||||||
|
Issue Price (Rs / NCD) |
Rs 1,000 |
|||||||||
|
Mode of Interest Payment |
Through various options |
|||||||||
|
Coupon Rate (% per annum) |
11.00% |
NA |
11.25% |
11.50% |
11.50% |
11.75% |
11.75% |
12.00% |
NA |
NA |
|
Coupon Type |
Fixed |
|||||||||
|
Redemption Amount (Rs / NCD) for Debenture Holders* |
Rs 1,000 |
Rs 1,123 |
Rs 1,000 |
Rs 1,000 |
Rs 1,000 |
Rs 1,000 |
Rs 1,000 |
Rs 1,000 |
Rs 1,500 |
Rs 2,000 |
|
Effective Yield (Per annum) |
11.57% |
11.17% |
11.85% |
11.50% |
12.13% |
11.75% |
12.40% |
12.00% |
11.42% |
11.73% |
|
Deemed Date Of Allotment |
The Date on which the Board of the Debenture Committee approves the allotment of NCDs. All benefits relating to the NCDs including interest on the NCDs shall be available to the investors from the Deemed date of allotment. The actual Allotment of NCDs may take place on a date other than the Deemed Date of Allotment. |
|||||||||
The NCDs proposed to be issued under the Issue have been rated 'CARE BB+ Stable' (Double B Plus; Outlook: Stable) by CARE Ratings Limited ("CARE Ratings") for an amount up to 12,500 lakhs, vide its letter dated July 22, 2019. The rating of NCDs by Care Ratings indicates that instruments with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations.
Ms. Biji Shibu and Ms. Princy Josekutty are the promoters of the company
| Particulars | For the year/period ended (in Rs Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | ||
| Total Assets | 42584.44 | 22935.89 | 10898.23 | 4255.80 | 1932.76 | |
| Total Revenue | 6835.61 | 4273.17 | 2393.75 | 1081.88 | 314.21 | |
| Profit After Tax | 597.74 | 568.65 | 212.98 | 164.22 | 54.15 | |
The objects of the issue are:
1. For the purpose of onward lending;
2. For repayment of interest and principal of existing borrowings; and
3. General Corporate Purposes.
The KLM Axiva Finvest NCD Aug 2019 was subscribed 1.15 times on September 26, 2019 5:00:00 PM. The NCD subscribed .
| Category ? | Subscription (times) |
|---|---|
| Category 3 | 1.12x |
| Category 2 (NII) | 1.48x |
| Category 1 (QIB) | 0.00x |
| Total | 1.15x |
8 3.4 Rating:  Vote Here ... |
KLM Axiva Finvest Limited
Subodh Business Centre 408,
Malik Chambers, Hyderguda,
Hyderabad - 500 029, Telangana
Phone: +91-040-48542753
Email: co_secy@klmgroup.in
Website: http://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: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
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