11.02% KLM Axiva Finvest NCD February 2023

NCD Subscription Allotment Status
KLM Axiva Finvest NCD February 2023

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: Two-wheeler loans to women customers.

Promoters of KLM Axiva Finvest – Biji Shibu

KLM Axiva Finvest NCD February 2023 Details

Subscription Dates20 Feb – 3 Mar 2023
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Face ValueINR 1,000 per NCD
Issue PriceINR 1,000 per NCD
Issue Size (Base)INR 125 crores
Overall Issue Size (including oversubscription)INR 250 crores
Minimum Lot Size5 NCDs
Market Lot1 NCD
Tenor400 days
16 months
18 months
82 months
2 years
3 years
5 years
Credit RatingIND BBB-/Stable
Category ReservationCategory 1 (QIB): 10%
Category 2 (NII): 40%
Category 3 (Retail): 50%
Basis of AllotmentFirst Come First Serve
Listing OnBSE SME

KLM Axiva Finvest NCD February 2023 – Options and Coupon Rates

OptionTenureInterest PaymentCoupon RateEffective YieldMaturity Amount
Series 113 monthsMonthly8.75%9.11%INR 1,000
Series 216 monthsCumulativeNA9.45%INR 1,128
Series 318 monthsMonthly9.10%9.49%INR 1,000
Series 424 monthsMonthly9.25%9.65%INR 1,000
Series 524 monthsAnnual9.50%9.50%INR 1,000
Series 636 monthsMonthly9.50%9.92%INR 1,000
Series 736 monthsAnnual9.75%9,75%INR 1,000
Series 860 monthsMonthly10.50%11.02%INR 1,000
Series 960 monthsAnnual10.75%10.75%INR 1,000
Series 1082 monthsCumulativeNA10.68INR 2,000

KLM Axiva Finvest Non-Convertible Debentures Lead Manager

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:  [email protected]
Website: www.vivro.net

KLM Axiva Finvest Non-Convertible Debentures Registrar

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

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)

3 Mar 20230.001.401.551.33
2 Mar 20230.001.331.461.27
1 Mar 20230.001.291.371.20
28 Feb 20230.001.271.301.16
27 Feb 20230.
24 Feb 20230.
23 Feb 20230.001.100.980.93
22 Feb 20230.001.070.910.88
21 Feb 20230.001.020.830.83
20 Feb 20230.000.540.470.46

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.


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