November 19, 2025
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KLM Axiva Finvest NCD December 2025
NCD Issue Opens on 1 December 2025
NCD Issue Closes on 12 December 2025
# NCD Review/Guidance is given at the bottom of the post
About the Company:
Incorporated in 1997, KLM Axiva Finvest Ltd is a non-deposit-taking, systemically important NBFC (Middle Layer) with a strong presence across South India. The company focuses on serving low- and middle-income individuals and small businesses through a diversified lending portfolio that includes Gold Loans, MSME Loans, Personal Loans, Microfinance Loans, and 2-Wheeler Loans for women borrowers.
KLM Axiva has demonstrated robust growth across key segments, with AUM in Gold, MSME, and Micro-Finance loans rising at a CAGR of 30.59%, 13.28%, and 47.46% respectively between March 2022 and March 2024. As of June 30, 2025, the company operates 668 branches across Kerala, Karnataka, Tamil Nadu, Telangana, Andhra Pradesh, and Maharashtra, managed from its corporate office in Kochi.
Get more details about the company @ https://klmaxiva.com/
NCD Promoter:
The Promoter of the company is Biji Shibu.
NCD Rating
The NCDs proposed to be issued under this Issue have been rated “ACUITE BBB”, by Acuité Ratings & Research Limited (“IRRPL”) & IND BBB-/Stable by India Ratings & Research Private Limited for an amount up to Rs. 15,000 lakhs.
KLM Axiva Finvest NCD December 2025 Details
| Issue Open | December 1, 2025 December 12, 2025 |
| Security Name | KLM Axiva Finvest Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 50.00 Crores |
| Issue Size (Oversubscription) | Rs 50.00 Crores |
| Overall Issue Size | Rs 100.00 Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE |
| 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 and 79 Months, 2 , 3 and 5 Years |
| Series | Series I to X |
| Payment Frequency | Monthly, Annual and Cumulative |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee/s | Vistra Itcl India Limited |
NCD Allocation Ratio
| Category ? | NCD’s Allocated |
| Institutional | 10% |
| Non-Institutional | 40% |
| Retail | 50% |
KLM Axiva Finvest Limited NCD Coupon Rates
| Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 | Series 10 | |
| Frequency of Interest Payment | Monthly | Cumulative | Monthly | Monthly | Annual | Monthly | Annual | Monthly | Annual | Cumulative |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 400 Days | 16 Months | 18 Months | 2 Years | 2 Years | 3 Years | 3 Years | 5 Years | 5 Years | 79 Months |
| Coupon (% per Annum) | 9.50% | NA | 9.85% | 10.00% | 10.25% | 10.25% | 10.50% | 10.75% | 11.00% | NA |
| Effective Yield (% per Annum) | 9.92% | 9.96% | 10.31% | 10.47% | 10.25% | 10.75% | 10.50% | 11.30% | 11.00% | 11.10% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,135.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 2,000.00 |
KLM Axiva Finvest NCD November 2024 Details & Guidance
Objects of the Issue
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
1.For onward lending, financing and repayment/prepayment of principal and interest on existing borrowings; and
2.General Corporate Purposes.
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Financial Information (Restated)
| Period Ended | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
| Assets | 1,933.41 | 1,938.25 | 1,719.30 |
| Revenue | 340.66 | 315.92 | 278.75 |
| Profit After Tax | 20.19 | 23.03 | 18.33 |
| Amount in Rs. Crore | |||
Address of the Company
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
NCD Lead Managers
Vivro Financial Services Pvt ltd
NCD Registrar
Kfin Technologies Limited
KLM Axiva Finvest NCD December 2025 Review
KLM Axiva Finvest has delivered steady revenue growth over FY23–FY25, though profitability has moderated slightly in FY25 (PAT Rs. 20.19 crore vs. Rs. 23.03 crore last year). The company operates in high-yield segments such as Gold Loans and Microfinance, which support margin stability but also carry elevated credit-cycle risk. Asset quality pressure remains a monitoring point, especially with a BBB credit rating, which reflects moderate safety and higher risk compared to A-rated issuers. Investors must note the rising scale of operations (Asset base near Rs. 1,933 crore) but also the modest earnings profile.
Suitable only for high-risk investors seeking higher returns and comfortable with lower-rated NBFC exposure.
