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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 | July 5, 2021 - July 26, 2021 |
| 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 50.00 Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 5 NCD |
| Market Lot | 5 NCD |
| Listing At | BSE |
| Credit Rating | CARE BB+; Stable (Double BB plus; Outlook: Stable) |
| Tenor | |
| Series | |
| Payment Frequency | |
| Basis of Allotment | First Come First Serve Basis |
Category  |
NCD's Allocated |
|---|---|
| Category 1 | 0% |
| Category 2 | 0% |
| Category 3 | 0% |
| 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 |
|
Series |
Frequency |
Tenure |
Coupon Rate |
Effective Yield |
|---|---|---|---|---|
|
I |
Monthly |
365 Days |
10.50% | 11.02% |
|
II |
Cumulative |
400 Days |
NA | 10.80% |
|
III |
Cumulative |
18 Months |
NA | 11.10% |
|
IV |
Monthly |
2 Years |
10.75% | 11.30% |
|
V |
Yearly |
2 Years |
11.00% | 11.00% |
|
VI |
Monthly |
3 Years |
11.00% | 11.57% |
|
VII |
Yearly |
3 Years |
11.25% | 11.25% |
|
VIII |
Monthly |
5 Years |
11.25% | 11.85% |
|
IX |
Yearly |
5 Years |
11.50% |
11.50% |
| X | Cumulative | 79 Months | NA | 11.10% |
Ms. Biji Shibu and Ms. Princy Josekutty are the promoters of the company.
The objects of the issue are:
1. For the purpose of onward lending, repayment of interest and principal of existing borrowings; and
2. General Corporate Purposes.
The KLM Axiva Finvest NCD was subscribed 1.94 times on July 26, 2021 5:00:00 AM. The NCD subscribed .
| Category ? | Subscription (times) |
|---|---|
| Category 3 | 2.17x |
| Category 2 (NII) | 2.14x |
| Category 1 (QIB) | 0.00x |
| Total | 1.94x |
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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: https://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: klm.ncd@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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