KLM Axiva Finvest NCD February 2023 Description – KLM Axiva Finvest is a non-deposit-taking non-banking finance company that primarily serves low and middle-income individuals and businesses. It primarily operates in the four business verticals: 1. Gold loan, 2. Micro, small, and medium enterprise loan, 3. Personal loan, and 4. Microfinance loans to women customers. As of 30 September 2022, its total AUM stood at INR 1,287.13 crore.
As on 31 December 2022, the company operates through 660 branches across six states namely Kerala, Karnataka, Tamil Nadu, Telangana, Andhra Pradesh and Maharashtra.
The company’s product portfolio:
- Gold Loans: Loans against pledging of household gold jewellery by individuals.
- MSME Loans: Lending to small and medium-size enterprises such as businessmen, manufacturers, traders, and self-employed professionals.
- Personal Loans: Loans to individual customers against tangible collaterals.
- Microfinance Loans: Lending money to women customers for their personal and business needs.
- Vehicle Loans:Â Two-wheeler loans to women customers.
Promoters of KLM Axiva Finvest – Biji Shibu
KLM Axiva Finvest NCD February 2023 Details
| Subscription Dates | 20 Feb – 3 Mar 2023 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Face Value | INR 1,000 per NCD |
| Issue Price | INR 1,000 per NCD |
| Issue Size (Base) | INR 125 crores |
| Overall Issue Size (including oversubscription) | INR 250 crores |
| Minimum Lot Size | 5 NCDs |
| Market Lot | 1 NCD |
| Tenor | 400 days 16 months 18 months 82 months 2 years 3 years 5 years |
| Credit Rating | IND BBB-/Stable |
| Category Reservation | Category 1 (QIB): 10% Category 2 (NII): 40% Category 3 (Retail): 50% |
| Basis of Allotment | First Come First Serve |
| Listing On | BSE SME |
KLM Axiva Finvest NCD February 2023 – Options and Coupon Rates
| Option | Tenure | Interest Payment | Coupon Rate | Effective Yield | Maturity Amount |
| Series 1 | 13 months | Monthly | 8.75% | 9.11% | INR 1,000 |
| Series 2 | 16 months | Cumulative | NA | 9.45% | INR 1,128 |
| Series 3 | 18 months | Monthly | 9.10% | 9.49% | INR 1,000 |
| Series 4 | 24 months | Monthly | 9.25% | 9.65% | INR 1,000 |
| Series 5 | 24 months | Annual | 9.50% | 9.50% | INR 1,000 |
| Series 6 | 36 months | Monthly | 9.50% | 9.92% | INR 1,000 |
| Series 7 | 36 months | Annual | 9.75% | 9,75% | INR 1,000 |
| Series 8 | 60 months | Monthly | 10.50% | 11.02% | INR 1,000 |
| Series 9 | 60 months | Annual | 10.75% | 10.75% | INR 1,000 |
| Series 10 | 82 months | Cumulative | NA | 10.68 | INR 2,000 |
KLM Axiva Finvest Non-Convertible Debentures Lead Manager
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, Maharashtra, India
Phone: +91 22 6666 8040/41/42
Email: Â [email protected]
Website: www.vivro.net
KLM Axiva Finvest Non-Convertible Debentures Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower B, Plot No – 31 & 32,
Financial District, Nanakramguda,
Serilingampally, Hyderabad Rangareddi,
500 032, Telangana, India
Phone: +91 40 6716 2222
Email: [email protected]
Website: www.kfintech.com
KLM Axiva Finvest NCD Documents
KLM Axiva Finvest Contact Details
KLM AXIVA FINVEST LIMITED
4th Floor, Door No.1871A24,
VM Plaza, Palarivattom,
Ernakulam- 682 025, Kerala, India
Phone: +91 -484-4281 111
Email: [email protected]
Website: www.klmaxiva.com
KLM Axiva Finvest NCD February 2023 Subscription Status (no. of times)
| Date | QIB | NII | Retail | Total |
| 3 Mar 2023 | 0.00 | 1.40 | 1.55 | 1.33 |
| 2 Mar 2023 | 0.00 | 1.33 | 1.46 | 1.27 |
| 1 Mar 2023 | 0.00 | 1.29 | 1.37 | 1.20 |
| 28 Feb 2023 | 0.00 | 1.27 | 1.30 | 1.16 |
| 27 Feb 2023 | 0.00 | 1.18 | 1.15 | 1.05 |
| 24 Feb 2023 | 0.00 | 1.16 | 1.11 | 0.98 |
| 23 Feb 2023 | 0.00 | 1.10 | 0.98 | 0.93 |
| 22 Feb 2023 | 0.00 | 1.07 | 0.91 | 0.88 |
| 21 Feb 2023 | 0.00 | 1.02 | 0.83 | 0.83 |
| 20 Feb 2023 | 0.00 | 0.54 | 0.47 | 0.46 |
KLM Axiva Finvest NCD February 2023 Allotment Status
KLM Axiva Finvest NCD February 2023 allotment status is now updated on the website of KFin Technologies’ website. Click on this link to get the allotment status
KLM Axiva Finvest NCD February 2023 FAQs
What are the face value and lot size of KLM Axiva Finvest NCD February 2023?
The NCDs will be issued at a face value of INR 1,000 each NCD and the minimum lot size is 5 NCDs.
What is the frequency of interest payment in KLM Axiva Finvest NCD February 2023?
The frequency of payment for KLM Axiva Finvest NCD is Monthly,  Annual & Cumulative.
What is the basis of allotment in the KLM Axiva Finvest NCD February 2023 offer?
KLM Axiva Finvest NCDs will be allotted on a First Come First Serve Basis.
