KLM Axiva Finvest NCD July 2021
- KLM Axiva Finvest NCD July 2021
- About KLM Axiva Finvest Limited
- KLM Axiva Finvest Limited – Important Details
- KLM Axiva Finvest NCD July 2021 Details
- Terms of the NCDs
- Objects of the Issue
- KLM Axiva Finvest NCD July 2021 – Documents
- KLM Axiva Finvest NCD July 2021 Lead Managers
- KLM Axiva Finvest NCD July 2021 Registrar
- KLM Axiva Finvest NCD July 2021 – FAQs
About KLM Axiva Finvest Limited
KLM Axiva Finvest Limited 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.
KLM Axiva Finvest Limited 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 to women customers.
As on May 31, 2021, KLM Axiva Finvest Limited operate through 266 branches across four states namely Kerala, Karnataka, Tamil Nadu and Telangana managed through the corporate office located at Kochi.
KLM Axiva Finvest Limited – Important Details
| Date | Details |
|---|---|
| April 28, 1997 | The company was incorporatedas ‘Needs Finvest Limited’ a public limited company. |
| February 29, 2016 | The name of the Company was changed to ‘KLM Axiva Finvest Limited’ |
| March 15, 2016 | The company has obtained a certificate of registration issued by the Reserve Bank of India (“RBI”) to carry on the activities of a non-banking financial company without accepting public deposits under Section 45 IA of the RBI Act, 1934. |
KLM Axiva Finvest NCD July 2021 Details
| Description | NCD Details |
|---|---|
| NCD Issue Open | 05-Jul-21 |
| NCD Issue Close | 26-Jul-21 |
| Security Type | Secured Redeemable non-convertible Debentures |
| Issue Size | Public Issue by KLM Axiva Finvest Limited of secured, redeemable, non-convertible debentures of face value of Rs.1,000 each at par, aggregating up to Rs.10,000 lakhs with an option to retain over-subscription up to Rs.5,000 lakhs, aggregating up to Rs.15,000 lakhs; Base Issue Size being Rs.10,000 lakhs. SEBI circular (SEBI/HO/DDHS/CIR/P/2020/233) dated November 23, 2020 has introduced the UPI Mechanism as an alternate payment mechanism for the Issue, wherein a UPI Investor, may submit the Application Form with a Designated Intermediary or through the app/web based interface platform of the Stock Exchange and use their bank account linked UPI ID for the purpose of blocking of funds, if the application value is upto Rs. 2 lakhs |
| Price Band | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 5 Bonds (Rs.5,000) |
| Series | I-X |
| Credit Rating | “CARE BB+; Stable”, by CARE Ratings Limited |
| Payment Frequency | Check “Terms of the NCDs” table below |
| Basis of Allotment | First Come First Serve Basis |
| Symbol | |
| Listing At | BSE |
Terms of the NCDs
| Series | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 | Series 10 |
| Tenor (months) | 365 days | 400 days | 18 Months | 2 Years | 2 Years | 3 Years | 3 Years | 5 Years | 5 Years | 79 Months |
| Frequency of Interest Payment | Monthly | Cumulative | Cumulative | Monthly | Yearly | Monthly | Yearly | Monthly | Yearly | Cumulative |
| Coupon (% per annum) for all Category Investor(s) | 10.50% | N.A | N.A | 10.75% | 11.00% | 11.00% | 11.25% | 11.25% | 11.50% | NA |
| Effective Yield (p.a.) for all Category of Investor(s) | 11.02% | 10.80% | 11.10% | 11.30% | 11.00% | 11.50% | 11.25% | 11.85% | 11.50% | 11.10% |
| Redemption Amount (Rs.) | 1,000 | 1,119 | 1,171 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 2,000 |
Objects of the Issue
- For the purpose of onward lending, financing and repayment/prepayment of principal and interest on existing borrowings; and
- General Corporate Purposes.
KLM Axiva Finvest NCD July 2021 – Documents
KLM Axiva Finvest NCD July 2021 Lead Managers
- VIVRO Financial Services Pvt Ltd
KLM Axiva Finvest NCD July 2021 Registrar
- KFin Technologies Pvt Ltd
KLM Axiva Finvest NCD July 2021 – FAQs
When is the KLM Axiva Finvest NCD July 2021 issue open date ?
The KLM Axiva Finvest NCD issue open date is on 5th July, 2021
When is the KLM Axiva Finvest NCD July 2021 issue close date ?
The KLM Axiva Finvest NCD issue close date is on 26th July, 2021
When is the price for one NCD for KLM Axiva Finvest NCD July 2021 issue ?
The price band is Rs 1000 per NCD and minimum lot size is 5 Bonds (Rs. 5,000)
How to Apply KLM Axiva Finvest July 2021 issue?
Apply from your demat account, if you dont have the Demat Account, Click here to open the Demat Account.
You can apply via downloading form from the official website and filling up all the details with the cheque of said amount. You can submit it to the collection centres.
Also Read : IIFL Home Finance NCD July 2021