KLM Axiva NCD Sep 2021 description – The company is a non-deposit taking 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.
The company operates primarily in four business verticals: (i) gold loan business, lending money against the pledge of household jewellery, (ii) micro, small and medium enterprises loan, (iii) personal loan and (iv) microfinance loan to women customers. As on 31 August 2021, it operated through 285 branches across four states namely Kerala, Karnataka, Tamil Nadu and Telangana managed through its corporate office located at Kochi.
Its loan customers are typically businessmen, vendors, traders, farmers, salaried individuals and families, who for reasons of convenience, accessibility or necessity, avail of the company’s credit facilities.
Promoter of KLM Axiva Finvest – Ms Biji Shibu
KLM Axiva NCD September 2021 details
| Subscription Dates | 30 September – 26 October 2021 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures |
| Face Value | INR1,000 per NCD |
| Issue Price | INR1,000 per NCD |
| Issue Size (Base) | INR100 crore |
| Issue Size (including oversubscription) | INR200 crore |
| Minimum Lot size | 5 NCDs |
| Market Lot | 1 NCD |
| Tenor | 366 days 400 days 18 months 2 years 3 years 5 years 80 months |
| Credit Rating | CARE BB+/Stable outlook |
| Category Reservation | Category 1 (QIB): 10% Category 2 (NII): 40% Category 3 (Retail): 50% |
| Basis of Allotment | First Come First Serve |
| Listing On | BSE |
KLM Axiva NCD September 2021 – Options and Coupon Rates
| Option | Tenure | Interest Payment | Coupon Rate | Effective Yield | Maturity Amount |
| Series 1 | 366 days | Monthly | 10.00% | 10.47% | INR1,000 |
| Series 2 | 400 days | Cumulative | NA | 10.35% | INR1,114 |
| Series 3 | 18 months | Cumulative | NA | 10.59% | INR1,163 |
| Series 4 | 2 years | Monthly | 10.25% | 10.75% | INR1,000 |
| Series 5 | 2 years | Annual | 10.50% | 10.50% | INR1,000 |
| Series 6 | 3 years | Monthly | 10.50% | 11.02% | INR1,000 |
| Series 7 | 3 years | Annual | 10.75% | 10.75% | INR1,000 |
| Series 8 | 5 years | Monthly | 11.00% | 11.57% | INR1,000 |
| Series 9 | 5 years | Annual | 11.25% | 11.25% | INR1,000 |
| Series 10 | 80 months | Cumulative | NA | 10.96% | INR2,000 |
Registrar of KLM Axiva Non Convertible Debentures
KFin Technologies Private LimitedÂ
Selenium Tower B, Plot 31-32, Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone:Â +91 40 6716 2222Â
Fax:Â +91 40 2343 1551
Email:Â [email protected]
Website:Â www.kfintech.com
KLM Axiva NCD Documents
KLM Axiva Contact Details
KLM Axiva Finvest Limited
4th Floor, Door No.1871A24, VM Plaza, Palarivattom, Ernakulam- 682 025, Kerala
Phone:Â +91 484-4281 111
Email:Â [email protected]
Website:Â www.klmaxiva.com
KLM Axiva NCD September 2021 Subscription Status (no. of times)
| Category 1 (QIB) | Category 2 (NII) | Category 3 (Retail) | Total | |
| 26 Oct 2021 | 0.00 | 2.47 | 2.05 | 2.02 |
| 25 Oct 2021 | 0.00 | 2.18 | 1.96 | 1.85 |
| 22 Oct 2021 | 0.00 | 2.02 | 1.76 | 1.69 |
| 21 Oct 2021 | 0.00 | 1.95 | 1.69 | 1.62 |
| 20 Oct 2021 | 0.00 | 1.90 | 1.60 | 1.56 |
| 19 Oct 2021 | 0.00 | 1.70 | 1.46 | 1.41 |
| 18 Oct 2021 | 0.00 | 1.70 | 1.46 | 1.41 |
| 14 Oct 2021 | 0.00 | 1.52 | 1.33 | 1.27 |
| 13 Oct 2021 | 0.00 | 1.33 | 1.23 | 1.15 |
| 12 Oct 2021 | 0.00 | 1.28 | 1.16 | 1.09 |
| 11 Oct 2021 | 0.00 | 1.19 | 1.05 | 1.00 |
| 8 Oct 2021 | 0.00 | 1.00 | 0.79 | 0.80 |
| 7 Oct 2021 | 0.00 | 0.98 | 0.78 | 0.78 |
| 6 Oct 2021 | 0.00 | 0.93 | 0.67 | 0.71 |
| 5 Oct 2021 | 0.00 | 0.81 | 0.54 | 0.59 |
| 4 Oct 2021 | 0.00 | 0.67 | 0.36 | 0.45 |
| 1 Oct 2021 | 0.00 | 0.56 | 0.27 | 0.36 |
| 30 Sep 2021 | 0.00 | 0.39 | 0.12 | 0.21 |
KLM Axiva NCD September 2021 Allotment Status
KLM Axiva NCD Sep 2021 allotment status is now updated at the website of KFin Technologies’ website. Click on this link to get allotment status.
KLM Axiva NCD Sep 2021 FAQs
What are KLM Axiva NCD Sep 2021 offer dates?
KLM Axiva NCD Sep 2021 offer opens on 30 September 2021 and closes on 26 October 2021. It should be noted that the NCD offer may be closed early in case of full subscription before the closing date.
What is basis of allotment in KLM Axiva NCD September 2021 offer?
KLM Axiva NCD’s will be allotted on a First Come First Serve Basis.
What is the face value and lot size of KLM Axiva NCD September 2021?
The NCD’s will be issued at a face value of INR1,000 each NCD and the minimum lot size is 5 NCDs.
What is the frequency of interest payment in KLM Axiva NCD Sep 2021?
The frequency of payment for KLM Axiva NCD Sep 2021 is Monthly, Annual and Cumulative.
