Let’s have a detailed review of the company and analytics of the KLM Axiva Finvest Limited NCD release date, NCD issue size, subscription, KLM Axiva Finvest Limited NCD allotment, and other details like the company’s background, its financial positions, its promoters, and other related things.

KLM Axiva Finvest Limited NCD – Aug 2019 Detail

Credit RatingCARE BB+/Stable
Issue OpenSep 30, 2021
Issue CloseOct 26, 2021
Base SizeRs 100.00 Crores
Shelf SizeRs 100.00 Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size5 NCD
Market Lot1 NCD
Listing AtBSE
Tenor366 & 400 days,18 & 80 months, 2,3,and 5 years
SeriesSeries I to Series X
Payment FrequencyMonthly, Cumulative and Annual
Basis of AllotmentFirst Come First Serve Basis

KLM Axiva Finvest Limited NCD – Basis of the Offer Price

ISSUE STRUCTURE
Security NameKLM Axiva Finvest Limited
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Coupon payment frequencyMonthly, Annually or Cumulative
Coupon typeFixed
Tenor366 & 400 days,18 & 80 months, 2,3,and 5 years
DepositoryNSDL and CDSL
DisbursementSEBI Debt Regulations
Debenture TrusteeVistra ITCL (India) Limited,

KLM Axiva Finvest Limited NCD Dates

The opening and the closing date of KLM Axiva Finvest Limited NCD is Sep 30, 2021, to Oct 26, 2021.


KLM Axiva Finvest Limited NCD Subscription

Day / DateQIB Category 1NII Category 2RII Category 4Total Subscription
1st – 10th Day: till Oct 10, 20210.00x1.00x0.79x0.80x
10th – 20th Day: till Oct 20, 2021
0.00x1.90x1.60x1.56x
20th – 30th Day: till Oct 26, 2021
0.00x2.47x2.05x2.02x
Shares Offered or Net Issue100,000400,000500,0001,000,000

The shares subscribed by the public will be updated here.


KLM Axiva Finvest Limited NCD Allotment Status

Here, you can find the Allotment Status of this NCD.


KLM Axiva Finvest Limited NCD Share Offering

Public issue by our Company of NCDs aggregating up to Rs. 10,000 lakhs, with an option to retain over-subscription upto Rs. 2,500 lakhs, aggregating upto Rs. 12,500 lakhs on the terms and in the manner set forth therein.

KLM Axiva Finvest NCD Allocation Ratio

NCD Allocation Ratio
CategoryNCD’s Allocated
QIB – Category 110%
Corporate – Category 240%
HNI – Category 350%
RII – Category 40%

KLM Axiva Finvest Limited NCD’s Offered

NCD’s Offered
CategoryNCD’s Reserved
QIB – Category 1100,000
NII – Category 2400,000
HNI – Category 3500,000
RII – Category 40
Total NCD’s1,000,000

KLM Axiva Finvest NCD Coupon Rates

Tenure366 Days400 Days18 Months2 Years2 Years3 Years3 Years5 Years5 Years80
Months
NatureSecured
OptionsIIIIIIIVVIVIIVIIIIXX
Frequency of Interest
Payment
MonthlyCumulativeCumulativeMonthlyAnnualMonthlyAnnualMonthlyAnnualCumulative
Minimum Application5 NCDs ( Rs. 5,000) (across all options of NCDs)
In multiples, of1 NCD after the minimum application
Face Value of NCDs (Rs.
/NCD)
Rs. 1,000
Issue Price (Rs. /NCD)Rs. 1,000
Mode of Interest
Payment/ Redemption
Through various options available
Coupon (%) per annum*10.00%NANA10.25%10.50%10.50%10.75%11.00%11.25%NA
Coupon TypeFixed
Redemption Amount (Rs.
/NCD) for Debenture
Holders*
1,0001,1141,1631,0001,0001,0001,0001,0001,0002,000
Effective Yield (%)(per
annum)*
10.47%10.35%10.59%10.75%10.50%11.02%10.75%11.57%11.25%10.96%
Put and Call OptionNot applicable

KLM Axiva Finvest Limited NCD Issue Object

Our Company proposes to utilize the funds which are being raised through the Issue, after deducting the Issue related expenses to the extent payable by our Company (“Net Proceeds”), estimated to be approximately Rs 19,873.75 lakhs, towards funding the following objects (collectively, referred to herein as the “Objects”):

1. For the purpose of onward lending, financing and repayment/prepayment of principal and interest on existing borrowings; and

2. General Corporate Purposes.


KLM Axiva Finvest Limited – Company Overview

KLM Axiva Finvest Limited NCDThey are a non-deposit-taking and non – systemically important non-banking finance company (“NBFC”) primarily serving low and middle-income individuals and businesses that have limited or no access to formal banking and finance channels.

They operate primarily in four business verticals: (i) gold loan business, lending money against the pledge of household jewelry, (ii) micro, small, and medium enterprises loan, (iii) personal loan, and (iv) microfinance loan to women customers. As of June 30, 2019, we operate through 125 branches across three states namely Kerala, Karnataka, and Tamil Nadu managed by our corporate office located at Kochi.


KLM Axiva Finvest Limited NCD Lead Managers

Lead Managers
VIVRO FINANCIAL SERVICES PRIVATE LIMITED
607/608 Marathon Icon, Opp. Peninsula Corporate Park, Off.
Ganpatrao Kadam Marg, Veer Santaji Lane,
Lower Parel, Mumbai – 400 013
Telephone: +91 22 6666 8040/41/42;
Fax: +91 22 6666 8047
Email: klmaxiva@vivro.net
Investor Grievance Email: investors@vivro.net
Website: www.vivro.net
Contact Person/ Compliance Officer: Mr. Jayesh Vithlani
SEBI Registration No.: INM000010122
CIN: U67120GJ1996PTC029182

KLM Axiva Finvest NCD Debenture Trustee

Debenture Trustee
VISTRA ITCL (INDIA) LIMITED
The IL&FS Financial Center, Plot No. C – 22,
G Block, Bandra Kurla Complex,
Bandra (East), Mumbai – 400 051
Telephone: +91 22 2659 3333;
Fax: +91 22 2653 3297
Email: itclcomplianceofficer@vistra.com
Website: www.vistraitcl.com
Investor Grievance Email: itclcomplainceofficer@vistra.com
Contact Person: Mr. Jatin Chonani
SEBI Registration Number: IND000000578
CIN: U66020MH1995PLC095507

KLM Axiva Finvest NCD Registrar to offer

Registrar to the Offer
KFIN TECHNOLOGIES PRIVATE LIMITED
Selenium Tower B, Plot 31-32, Financial District,
Nanakramguda, Serilingampally, Hyderabad, Rangareddi
–500 032, Telangana, India
Telephone: +91 40 6716 2222
Facsimile: +91 40 2343 1551
Email: klm.ncd@kfintech.com
Investor Grievance Email: einward.ris@kfintech.com
Website: www.kfintech.com
Contact Person: M Murali Krishna

KLM Axiva Finvest Limited NCD Ratings

The NCDs proposed to be issued under this Issue have been rated “CARE BB+; Stable (Double B Plus; Outlook: Stable)”, by CARE Ratings Limited (“CARE Ratings”) for an amount up to Rs 20,000 lakhs, vide its letter dated September 17, 2021.

The rating of NCDs by CARE Ratings indicates that instruments with this rating are considered to have a moderate risk of default regarding timely servicing of financial obligations. This rating is not a recommendation to buy, sell or hold securities and investors should make their own decisions.

The rating provided by the rating agency may be suspended, withdrawn, or revised at any time by the assigning rating agency on the basis of new information, etc., and should be evaluated accordingly


KLM Axiva Finvest Limited NCD News

News 1 – KLM Axiva Finvest RHP Prospectus [Download]


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