KLM Axiva Finvest NCD / Bonds Dates, Size, Allotment, Subscription, DRHP & more
Last Updated Date: Nov 17, 2022Let’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 Rating | CARE BB+/Stable |
| Issue Open | Sep 30, 2021 |
| Issue Close | Oct 26, 2021 |
| Base Size | Rs 100.00 Crores |
| Shelf Size | Rs 100.00 Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 5 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE |
| Tenor | 366 & 400 days,18 & 80 months, 2,3,and 5 years |
| Series | Series I to Series X |
| Payment Frequency | Monthly, Cumulative and Annual |
| Basis of Allotment | First Come First Serve Basis |
KLM Axiva Finvest Limited NCD – Basis of the Offer Price
| ISSUE STRUCTURE | |
| Security Name | KLM Axiva Finvest Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Coupon payment frequency | Monthly, Annually or Cumulative |
| Coupon type | Fixed |
| Tenor | 366 & 400 days,18 & 80 months, 2,3,and 5 years |
| Depository | NSDL and CDSL |
| Disbursement | SEBI Debt Regulations |
| Debenture Trustee | Vistra 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 / Date | QIB Category 1 | NII Category 2 | RII Category 4 | Total Subscription |
| 1st – 10th Day: till Oct 10, 2021 | 0.00x | 1.00x | 0.79x | 0.80x |
| 10th – 20th Day: till Oct 20, 2021 |
0.00x | 1.90x | 1.60x | 1.56x |
| 20th – 30th Day: till Oct 26, 2021 |
0.00x | 2.47x | 2.05x | 2.02x |
| Shares Offered or Net Issue | 100,000 | 400,000 | 500,000 | 1,000,000 |
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 | |
| Category | NCD’s Allocated |
| QIB – Category 1 | 10% |
| Corporate – Category 2 | 40% |
| HNI – Category 3 | 50% |
| RII – Category 4 | 0% |
KLM Axiva Finvest Limited NCD’s Offered
| NCD’s Offered | |
| Category | NCD’s Reserved |
| QIB – Category 1 | 100,000 |
| NII – Category 2 | 400,000 |
| HNI – Category 3 | 500,000 |
| RII – Category 4 | 0 |
| Total NCD’s | 1,000,000 |
KLM Axiva Finvest NCD Coupon Rates
| Tenure | 366 Days | 400 Days | 18 Months | 2 Years | 2 Years | 3 Years | 3 Years | 5 Years | 5 Years | 80 Months |
| Nature | Secured | |||||||||
| Options | I | II | III | IV | V | VI | VII | VIII | IX | X |
| Frequency of Interest Payment |
Monthly | Cumulative | Cumulative | Monthly | Annual | Monthly | Annual | Monthly | Annual | Cumulative |
| Minimum Application | 5 NCDs ( Rs. 5,000) (across all options of NCDs) | |||||||||
| In multiples, of | 1 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% | NA | NA | 10.25% | 10.50% | 10.50% | 10.75% | 11.00% | 11.25% | NA |
| Coupon Type | Fixed | |||||||||
| Redemption Amount (Rs. /NCD) for Debenture Holders* |
1,000 | 1,114 | 1,163 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 2,000 |
| 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 Option | Not 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
They 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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