KLM Axiva NCD February 2022 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.
Promoters of KLM Axiva Finvest – Ms Biji Shibu
KLM Axiva NCD February 2022 Details
| Subscription Dates | 15 February – 11 March 2022 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures |
| Face Value | INR1,000 per NCD |
| Issue Price | INR1,000 per NCD |
| Issue Size (Base) | INR100 crore |
| Overall Issue Size (including oversubscription) | INR200 crore |
| Minimum Lot size | 5 NCDs |
| Market Lot | 1 NCD |
| Tenor | 366 days 400 days 18 months 80 months 2 years 3 years 5 years |
| Credit Rating | CARE BB+ |
| 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 February 2022 – Options and Coupon Rates
| Option | Tenure | Interest Payment | Coupon Rate | Effective Yield | Maturity Amount |
| Series 1 | 366 days | Monthly | 9.75% | 10.20% | 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% | 10.47% | INR1,000 |
| Series 5 | 2 years | Annually | 10.25% | 10.25% | INR1,000 |
| Series 6 | 3 years | Monthly | 10.25% | 10.75% | INR1,000 |
| Series 7 | 3 years | Annually | 10.50% | 10.50% | INR1,000 |
| Series 8 | 5 years | Monthly | 11% | 11.57% | INR1,000 |
| Series 9 | 5 years | Annually | 11.25% | 11.25% | INR1,000 |
| Series 10 | 80 months | Cumulative | NA | 10.96% | INR2,000 |
KLM Axiva Non Convertible Debentures Registrar
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 February 2022 Subscription Status (no. of times)
| Category 1 (QIB) | Category 2 (NII) | Category 3 (Retail) | Total | |
| 11 Mar 2022 | 0.00 | 2.24 | 2.39 | 2.09 |
| 10 Mar 2022 | 0.00 | 2.23 | 2.31 | 2.04 |
| 9 Mar 2022 | 0.00 | 2.14 | 2.19 | 1.95 |
| 8 Mar 2022 | 0.00 | 2.01 | 2.06 | 1.83 |
| 7 Mar 2022 | 0.00 | 1.93 | 1.97 | 1.76 |
| 4 Mar 2022 | 0.00 | 1.75 | 1.76 | 1.63 |
| 3 Mar 2022 | 0.00 | 1.63 | 1.66 | 1.48 |
| 2 Mar 2022 | 0.00 | 1.52 | 1.49 | 1.38 |
| 28 Feb 2022 | 0.00 | 1.43 | 1.42 | 1.29 |
| 25 Feb 2022 | 0.00 | 1.27 | 1.28 | 1.15 |
| 24 Feb 2022 | 0.00 | 1.18 | 1.21 | 1.08 |
| 23 Feb 2022 | 0.00 | 1.10 | 1.12 | 1.00 |
| 22 Feb 2022 | 0.00 | 0.99 | 0.99 | 0.89 |
| 21 Feb 2022 | 0.00 | 0.91 | 0.89 | 0.81 |
| 18 Feb 2022 | 0.00 | 0.71 | 0.65 | 0.61 |
| 17 Feb 2022 | 0.00 | 0.46 | 0.38 | 0.38 |
| 16 Feb 2022 | 0.00 | 0.38 | 0.29 | 0.30 |
| 15 Feb 2022 | 0.00 | 0.30 | 0.18 | 0.21 |
KLM Axiva NCD February 2022 Allotment Status
KLM Axiva NCD Feb 2022 allotment status will be updated at the website of KFin Technologies’ website. Click on this link to get allotment status.
KLM Axiva NCD February 2022 FAQs
KLM Axiva NCD Feb 2022 offer opens on 15 February 2022 and closes on 11 March 2022. It should be noted that the NCD offer may be closed early in case of full subscription before the closing date.
The NCDs will be issued at a face value of INR1,000 each NCD and the minimum lot size is 5 NCDs.
The frequency of payment for KLM Axiva NCD Feb 2022 is Cumulative, Annually and Monthly.
KLM Axiva NCDs will be allotted on a First Come First Serve Basis.
