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KLM Axiva Finvest Limited NCD (KLM Axiva Finvest NCD November 2024) Detail

November 14, 2024 - November 28, 2024
KLM Axiva Finvest Limited Logo

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 Loans;
  2. Micro, small, and medium enterprise (MSME) loans;
  3. Personal loans, 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, MSME, and Micro-Finance loans 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:

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

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 in Kochi.

KLM Axiva Finvest NCD November 2024 Detail

Issue Open November 14, 2024 - November 28, 2024
Security Name KLM Axiva Finvest Limited
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 50.00 Crores
Issue Size (Oversubscription)Rs 50.00 Crores
Overall Issue SizeRs 100.00 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

ACUITE BBB/Stable by Acuite Ratings & Research Limited and IND BBB/Stable by India Ratings & Research Private Limited.

Tenor 400 days, 16, 18 and 79 Months, 2 , 3 and 5 Years
Series

Series I to X

Payment Frequency Monthly, Annual and Cumulative
Basis of Allotment First Come First Serve Basis
Debenture Trustee/sVistra Itcl India Limited

NCD Allocation Ratio

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

KLM Axiva Finvest Limited NCD Coupon Rates

#Series 1Series 2Series 3Series 4Series 5Series 6Series 7Series 8Series 9Series 10
Frequency of Interest PaymentMonthlyCumulativeMonthlyMonthlyAnnualMonthlyAnnualMonthlyAnnualCumulative
NatureSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecured
Tenor400 Days16 Months18 Months2 Years2 Years3 Years3 Years5 Years5 Years79 Months
Coupon (% per Annum)9.50%NA9.85%10.00%10.25%10.25%10.50%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 1,000.00Rs 1,135.00Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 2,000.00

NCD Rating

The NCDs proposed to be issued under this Issue have been rated "ACUITE BBB", by Acuité Ratings & Research Limited ("IRRPL") for an amount up to ₹ 10,000 lakhs.

Company Promoters

The Promoter of the company is Biji Shibu.

Company Financials

KLM Axiva Finvest Limited Financial Information (Restated)

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 Ended31 Mar 202431 Mar 2023
Assets1,960.341,719.30
Revenue315.92273.75
Profit After Tax23.0318.33
Amount in ₹ Crore

Objects of the Issue

The Company proposes to utilise the funds which are being raised through the Issue, after deducting the Issue-related expenses to the extent payable by the Company towards funding the following objects
  1. For onward lending, financing and repayment/prepayment of principal and interest on existing borrowings; and
  2. General Corporate Purposes.

KLM Axiva Finvest NCD November 2024 Prospectus

KLM Axiva Finvest NCD November 2024 Subscription Status

The KLM Axiva Finvest NCD November 2024 was subscribed 2.11 times on November 22, 2024 5:00:00 PM. The NCD subscribed 1.41 times in Retail, 3.51 times in Non-Institutional, and 0.00 times in the Institutional category.

Category ?Subscription (times)
Retail1.41x
Non-Institutional3.51x
Institutional0.00x
Total2.11x

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Company Contact Information

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/

KLM Axiva Finvest NCD November 2024 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.ncd@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/

KLM Axiva Finvest NCD November 2024 Lead Manager(s)


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