KLM Axiva Finvest Limited NCD (KLM Axiva Finvest NCD August 2023) Detail

August 24, 2023 - September 6, 2023

Incorporated in 1997, KLM Axiva Finvest Ltd is a non-deposit-taking systemically important non-banking finance company (NBFC Middle Layer) that primarily serves low and middle-income individuals and businesses.

KLM Axiva Finvest primarily operates in four business verticals: 1. Gold Loan, 2. Micro, small, and medium enterprise (MSME) loans, 3. Personal loan, and 4. Microfinance loans to women customers.

As of March 31, 2023, March 31, 2022, and March 31, 2021, the company recorded an AUM of ₹ 1,46,032.97 lakhs, ₹ 1,07,296.72 lakhs, and ₹ 74,730.09 lakhs, respectively.

KLM Axiva Finvest's product portfolio includes:

Gold Loans: Loans against pledging of household gold jewelry by individuals.
MSME Loans: Lending to small and medium-sized enterprises such as businessmen, manufacturers, traders, and self-employed professionals.
Personal Loans: Loans to individual customers against tangible collaterals.
Microfinance Loans: Lending money to women customers for their personal and business needs.
Vehicle Loans: 2 Wheeler loans to women customers.

As of June 30, 2023, the company has 684 branches across six states namely Kerala, Karnataka, Tamil Nadu, Telangana, Andhra Pradesh and Maharashtra managed through its corporate office located at Kochi.

KLM Axiva Finvest NCD August 2023 Detail

Issue Open	August 24, 2023 - September 6, 2023
Security Name	KLM Axiva Finvest Limited
Security Type	Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base)	Rs 75.00 Crores
Issue Size (Shelf)	Rs [.] 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	IND BBB-/Stable by India Ratings & Research Private Limited
Tenor	400 days, 16, 18, 82 months, and 2, 3, 5 years
Series	Series I to X
Payment Frequency	Monthly, Annual and Cumulative
Basis of Allotment	First Come First Serve Basis
Debenture Trustee/s	Vistra Itcl India Limited

NCD Allocation Ratio

Category	NCD's Allocated
Institutional	10%
Non-Institutional	40%
Retail	50%

NCD's Offered by Category

Category	NCD's Reserved
Institutional	75,000
Non-Institutional	300,000
Retail	375,000
Category 4	0
Total NCD's	750,000

KLM Axiva Finvest Limited NCD Coupon Rates

#	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	Monthly	Monthly	Annual	Monthly	Annual	Monthly	Annual	Cumulative
Nature	Secured	Secured	Secured	Secured	Secured	Secured	Secured	Secured	Secured	Secured
Tenor	400 Days	16 Months	18 Months	2 Years	2 Years	3 Years	3 Years	5 Years	5 Years	82 Months
Coupon (% per Annum)	9.00%	NA	9.35%	9.50%	9.75%	9.75%	10.00%	10.50%	10.75%	NA
Effective Yield (% per Annum)	9.38%	9.60%	9.76%	9.92%	9.75%	10.20%	10.00%	11.02%	10.75%	10.68%
Amount on Maturity (In Rs.)	Rs 1,000.00	Rs 1,130.00	Rs 1,000.00	Rs 1,000.00	Rs 1,000.00	Rs 1,000.00	Rs 1,000.00	Rs 1,000.00	Rs 1,000.00	Rs 2,000.00

NCD Rating

The company has received a rating of IND BBB-/Stable by India Ratings & Research Private Limited for the NCDs proposed to be issued pursuant to this Issue.

Company Promoters

Ms. Biji Shibu is the promoter of the company.

Company Financials

KLM Axiva Finvest NCD August 2023 Financial Information (Restated Standalone)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	823.84	1,472.19	1,719.30
Revenue	126.57	185.91	278.75
Profit After Tax	7.06	11.38	18.33
Net Worth
Reserves and Surplus
Total Borrowing

Amount in ₹ Crore

Objects of the Issue

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

Onward lending, financing, and repayment/prepayment of principal and interest on existing borrowings.
General Corporate Purposes.

KLM Axiva Finvest NCD August 2023 Prospectus

› Draft Prospectus
› Red Herring Prospectus

KLM Axiva Finvest NCD August 2023 Subscription Status

The KLM Axiva Finvest NCD August 2023 was subscribed 1.53 times on September 6, 2023 5:00:00 PM. The NCD subscribed 1.96 times in Retail, 1.38 times in Non-Institutional, and 0.00 times in the Institutional category.

Category ?	Subscription (times)
Retail	1.96x
Non-Institutional	1.38x
Institutional	0.00x
Total	1.53x

Check Day by Day Bidding Details

KLM Axiva Finvest NCD August 2023 Rating

4.0

Rating:

Vote Here ...

KLM Axiva Finvest NCD August 2023 Reviews

Dilip Davda - Avoid

Company Contact Information

KLM Axiva Finvest Limited
Door No. 8-13, Plot No. 39, First Floor, Ashoka Co
mplex, Mythripuram Colony, Gayathrinagar X Road,
Vaishalinagar P.O., Hyderabad, Telangana-500 079

Phone: +91-40-3516 2071
Email: infoklmaxiva.com
Website: https://klmaxiva.com/

KLM Axiva Finvest NCD August 2023 Registrar

Kfin Technologies Limited
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India - 500 032.

Phone: 04067162222, 04079611000
Email: klmaxiva.ncdipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/