KLM Axiva Finvest is a non-deposit taking systemically important non-banking finance company (NBFC –Middle Layer) 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 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. As on March 31, 2024, they operate through 670 branches across six states namely Kerala, Karnataka, Tamil Nadu, Telangana, Andhra Pradesh and Maharashtra managed through their corporate office located at Kochi. Their loan customers are typically businessmen, vendors, traders, farmers, salaried individuals and families, who for reasons of convenience, accessibility or necessity, avail of their credit facilities.
KLM Axiva Finvest NCD July 2024 Details
| NCD Issue Open | July 22, 2024 |
| NCD Issue Close | August 2, 2024 |
| NCD Issue Size | Base: 75 Cr. | Shelf: 150 Cr. |
| Price Band | ₹1000 per NCD |
| Face Value: | ₹1000 per NCD |
| Interest Rate | Up to 11.10% ** (Annually) |
| Minimum Investment | 10 Bonds (₹10,000) |
| Listing on | BSE Platform |
| Credit Rating | ACUITE BBB/Stable by Acuite Ratings & Research Limited and IND BBB-/Stable by India Ratings & Research Private Limited. |
| Tenor | 400 days, 16, 18 & 79 Months, 2, 3 & 5 Years |
| Basis of Allotment | First Come First Serve Basis |
| DRHP Document | Click Here |
| RHP Document | Click Here |
KLM Axiva Finvest NCD July 2024 Promoters
- Biji Shibu is the promoters and is a professionally managed company.
How to Apply KLM Axiva Finvest NCD July 2024 Issue?
You can apply from your existing Demat account online and offline. You can apply by downloading the form from the official website and filling up all the details with the cheque for the said amount. You can submit it to the collection centers.
KLM Axiva Finvest NCD Review
- Avoid
KLM Axiva Finvest NCD July 2024 Tenure & Interest Rates
| Opt | Tenure | Payment | Coupon | Eff. Yield |
| 1 | 400 Days | Month | 9.50% | 9.92% |
| 2 | 16 Month | Cumu. | NA | 9.96% |
| 3 | 18 Month | Month | 9.85% | 10.31% |
| 4 | 2 Years | Month | 10.00% | 10.47% |
| 5 | 2 Years | Annual | 10.25% | 10.25% |
| 6 | 3 Years | Month | 10.25% | 10.75% |
| 7 | 3 Years | Annual | 10.25% | 10.50% |
| 8 | 5 Years | Month | 10.75% | 11.30% |
| 9 | 5 Years | Annual | 11.00% | 11.00% |
| 10 | 79 Months | Cumu. | NA | 11.10% |
KLM Axiva Finvest NCD Allocation Ratio
| Category | Allocation |
| Institutional | 10% |
| Non-Institutional | 40% |
| HNI | -% |
| Retail | 50% |
KLM Axiva Finvest NCD July 2024 Lead Manager
- Vivro Financial Services Private Limited
KLM Axiva Finvest NCD July 2024 Allotment Status
- KLM Axiva Finvest NCD issue allotment available on KFintech.
KLM Axiva Finvest NCD July 2024 Registrar
Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
Company Information
KLM Axiva Finvest Limited
Door No. 8-13, Plot No. 39, First Floor, Ashoka
Complex, Above Indian Bank, Mythripuram Colony,
GayathrinagarX Road, Vaishalinagar P.O., Hyderabad
Phone: +91-40-3516 2071
Email: [email protected]
Website: https://klmaxiva.com/
