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Incorporated in 1997, KLM Axiva Finvest Ltd is a non-deposit-taking systemically important non-banking finance company (NBFC Middle Layer) primarily serving 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, 2024, March 31, 2023, and March 31, 2022, the company had an aggregate principal balance of ₹1,06,750.72 lakhs, ₹93,796.18 lakhs, and ₹62,546.94 lakhs of outstanding gold loans.
The AUM in Gold loan, MSME loan, and Micro Finance loan has increased at a CAGR of 30.59%, 13.28%, and 47.46%, from March 31, 2022, to March 31, 2024, respectively.
KLM Axiva Finvest's product portfolio includes:
As of March 31 2024, the company has 670 branches across six states, namely Kerala, Karnataka, Tamil Nadu, Telangana, Andhra Pradesh, and Maharashtra, managed through its corporate office located at Kochi.
Issue Open | July 22, 2024 - August 2, 2024 |
Security Name | KLM Axiva Finvest Limited |
Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
Issue Size (Base) | Rs 75.00 Crores |
Issue Size (Oversubscription) | Rs 75.00 Crores |
Overall Issue Size | Rs 150.00 Crores |
Issue Price | Rs 1000 per NCD |
Face Value | Rs 1000 each NCD |
Minimum Lot size | 10 NCD |
Market Lot | 1 NCD |
Listing At | BSE |
Credit Rating | |
Tenor | 400 days, 16, 18 & 79 Months, 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 |
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 | 79 Months |
Coupon (% per Annum) | 9.50% | NA | 9.85% | 10.00% | 10.25% | 10.25% | 10.25% | 10.75% | 11.00% | NA |
Effective Yield (% per Annum) | 9.92% | 9.96% | 10.31% | 10.47% | 10.25% | 10.75% | 10.50% | 11.30% | 11.00% | 11.10% |
Amount on Maturity (In Rs.) | Rs 1,000.00 | NA | 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 |
The NCDs proposed to be issued under this Issue have been rated "ACUITE BBB", by Acuité Ratings & Research Limited ("IRRPL") & IND BBB-/Stable by India Ratings & Research Private Limited for an amount up to ₹ 15,000 lakhs.
The Promoter of the company is Biji Shibu.
KLM Axiva Finvest Limited's revenue increased by 15.41% and profit after tax (PAT) rose by 25.63% between the financial year ending with March 31, 2024 and March 31, 2023.
Period Ended | 31 Mar 2024 | 31 Mar 2023 |
Assets | 7,960.34 | 1,719.30 |
Revenue | 315.92 | 273.75 |
Profit After Tax | 23.03 | 18.33 |
Amount in ₹ Crore |
KLM Axiva Finvest Limited
Door No. 8-13, Plot No. 39, First Floor, Ashoka
Complex, Above Indian Bank, Mythripuram Colony,
GayathrinagarX Road, Vaishalinagar P.O., Hyderabad
Phone: +91-40-3516 2071
Email: secretarial@klmaxiva.com
Website: https://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: klmaxiva.ncd@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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