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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:
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:
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.
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 Size | Rs 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/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% | 10.50% | 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 1,000.00 | Rs 1,135.00 | 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 |
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.
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 | 1,960.34 | 1,719.30 |
Revenue | 315.92 | 273.75 |
Profit After Tax | 23.03 | 18.33 |
Amount in ₹ Crore |
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) |
---|---|
Retail | 1.41x |
Non-Institutional | 3.51x |
Institutional | 0.00x |
Total | 2.11x |
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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