KLM Axiva Finvest Ltd NCD (KLM Axiva NCD June 2020) Detail
ABOUT THE COMPANY:
KLM Axiva Finvest Ltd is a non-deposit taking and non- systemically important non-banking finance company (“NBFC”) Incorporated in 1997, Hyderabad based company.
KLM Axiva Finvest Ltd primarily serving low and middle income individuals and businesses that have limited or no access to formal banking and finance channels.
KLM Axiva Finvest Ltd 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) Micro-finance loan to women customers.
As on March 31, 2020, the company operates through 174 branches across four states Kerala, Karnataka, Tamil Nadu and Telangana managed by corporate office located at Kochi.
As per financial performance, for last three fiscals, KLM has posted total income/net profits of Rs. 10.82 cr. / Rs. 1.64 cr. (FY16), Rs. 23.94 cr. / Rs. 2.13 cr. (FY17), Rs. 42.73 cr. / Rs. 5.69cr. (FY18) and Rs. 68.36 cr. / Rs. 5.98 cr. (FY19). For H1 of FY20, it has posted net profit of Rs 6.91 Cr on total income of Rs 50.79 Cr. Its debt-equity ratio will stand enhanced from 4.84 at present to 6.64 post issue. As of March 31, 2017, March 31, 2018, and March 31, 2019 KLM’s AUM was Rs. 91.36 cr., Rs. 194.23 cr. and Rs. 373.83 cr. respectively. Its AUM increased at a CAGR of 102.29% from Rs. 91.36 cr. as of March 31, 2017 to Rs. 373.83 cr. as on 31.03.19. Its net NPAs stood at 3.78% and 8.12% for FY17 and H1 FY20 respectively.
The issue is rated CARE BB+ (outlook stable) by CARE Ratings Limited. This rating indicates that instruments with this rating are considered to have a moderate degree of safety regarding timely servicing of financial obligations. Such instruments carry moderate credit risk. As coupon rates are attractive, but there is risk also, so investors with risk capacity only should apply this with ‘NEUTRAL’ rating.
Promoters of KLM Axiva Finvest Ltd:
(1)Ms. Biji Shibu and
(2)Ms. Princy Josekutty
Objects of the Issue:
The objects of the issue are:
1. For the purpose of onward lending, repayment of interest and principal of existing borrowings; and
3. General Corporate Purposes.
KLM Axiva Finvest Ltd NCD Details:
Start date: 2-June 2020
End date: 25-June-2020
It offers secure NCDs.
These NCD’s have monthly, yearly and cumulative interest payment options.
It offers both secured NCD’s for 400 days, 18 months, 2 years, 3 years, 5 years and 75 months.
Bond face value is Rs 1,000.
Minimum investment is for 5 bonds mean, you need to invest for a minimum of Rs 5,000. Beyond this you can invest in multiples of 1 bond.
These NCD bonds would be listed on BSE. Hence, these are liquid investments (provided the buyer is available on that date when you sell such NCD’s).
NCD’s can be invested through Demat account only.
Non-resident Indians (NRI’s) cannot invest in these NCD’s.
The issue size is Rs 100 Crores with an option to retain another Rs 25 Crores aggregating to Rs 125 Crores.
KLM Axiva Finvest NCD Interest Rates:
Prospectus of KLM Axiva NCD June 2020:
Company Contact Information
Subodh Business Centre 408,
Malik Chambers, Hyderguda,
Hyderabad – 500 029, Telangana
KLM Axiva NCD June 2020 Registrar
KFin Technologies Private Limited
Selenium, Tower B, Plot No. 31 & 32
Financial District, Nanakramguda, Serilingampally,
Hyderabad 500 032, Rangareddi Telangana, India
Phone: +91 40 6716 2222
KLM Axiva NCD June 2020 Lead Manager(s):
Vivro Financial Services Private Limited
1st Floor, Manu Mansion
16/18, Shahid Bhagatsingh Road
Opp. Old Custom House, Fort, Mumbai – 400 023
Phone: 022-2265 7364
Fax: 022-2265 8406
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