KLM Axiva Finvest Limited NCD (KLM Axiva Finvest NCD SEP 2018) Detail

KLM Axiva Finvest Limited

KLM Axiva Finvest Limited NCD (KLM Axiva Finvest NCD SEP 2018) Detail

ABOUT THE COMPANY:

KLM Axiva Finvest Limited is a non-deposit taking and non-systematically 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 three business verticals:
(1) gold loan business, lending money against the pledge of household jewellery
(2) micro, small and medium enterprises loan
(3) personal loan. Further, as a part of our offerings,

KLM Axiva Finvest Limited also provide micro finance loans to women customers and vehicle loan.

As of August 31, 2018, they operate through 79 branches across three states, namely Kerala, Karnataka and Tamil Nadu managed by its corporate office located in Kochi.

As of March 31, 2017 and February 28, 2018, our AUM was ₹ 9,135.68 Lakhs and ₹ 18,131.44 Lakhs, respectively. Our AUM increased at a CAGR of 183.63% from ₹ 1,135.67 Lakhs as of March 31, 2015 to ₹ 9,135.68 Lakhs as of March 31, 2017.

COMPANY POSITIVES:

1. The diversified product portfolio of loans
2. Robust distribution network

Promoters of KLM Axiva Finvest Limited:

The Promoters of the Company are

(1)Ms. Biji Shibu and

(2)Ms. Princy Josekutty.

They together hold 4,87,300 Equity
Shares aggregating to 1.22% of the share capital of the Company.

Objective of NCD KLM Axiva Finvest Limited NCD:

(1)For the purpose of onward lending, financing and for repayment of interest and principal of existing borrowings

(2.) General Corporate Purposes

KLM Axiva Finvest Limited NCD Details:

  (1)Issue Open: Sep 27, 2018 – Oct 26, 2018
(2)  Issue Type: Fixed Price Issue NCD
(3)  Issue Size: 1,000,000 NCD’s of Rs. 1000
(4)  Issue Size: Rs. 100.00 Crore
(5)  Face Value: Rs. 1000 Per NCD
(6)  Issue Price: Rs. 1000 Per NCD
(7)  Market Lot: 1 NCD
(8)  Minimum Order Quantity: 5 NCD
(9)  Listing At: BSE

Credit Rating:

This issue is rated CARE BB’: Outlook Stable by CARE. The rating of NCDs by CARE indicates that instruments with this rating are considered to have a moderate risk of default regarding timely servicing of financial obligations.

Interest Rates:

KLM Axiva Finvest Limited NCD offers coupon rates ranging from 11.25% – 12.25% depending on the tenures of 1, 2, 3, 5 and 6 years and the mode of interest payments are monthly, annual, cumulative as per investors choice.

Company Contact Information:

KLM Axiva Finvest Limited
Subodh Business Centre 408
Malik Chambers, Hyderguda,
Hyderabad – 500 029, Telangana
Phone: +91-040-48542753

Email: co_secy@klmgroup.in
Website: http://www.klmaxiva.com/

KLM Axiva Finvest NCD Registrar:

Karvy Computershare Private Limited
Karvy House, 46, Avenue 4, Street No. 1,
Banjara Hills, Hyderabad – 500 034
Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968
Email: einward.ris@karvy.com
Website: http://karisma.karvy.com

KLM Axiva Finvest NCD Lead Manager:

Vivro Financial Services Private Limited
1st Floor, Manu Mansion
16/18, Shahid Bhagatsingh Road
Opp. Old Custom House, Fort, Mumbai – 400 023

Website:  http://www.vivro.net
Email:  rajtv@vivro.net
Phone: 022-2265 7364
Fax: 022-2265 8406

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