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11.5% KLM Axima Finvest Limited NCD Issue September 2019

11.5% KLM Axima Finvest Limited NCD Issue September 2019

Hello's friends and welcome to a new post. Today we will discuss about KLM Axima Finvest NCD issue September 2019. We will discuss basics and in the end whether you should invest or not in this company. So let's start.

Company Background

This company was incorporated in 1997. We can say that this company is a NBFC which provide loans to lower and middle class individuals and businessman. It operates in 4 business verticals i.e Gold Loans, MSME loans, Microfinance loans for women customers and personal loans.

Financial Performance of KLM Axima Finvest.

✓ As on 31.3.2019 company has revenue of ₹68 crores.
✓ As on 31.3.2019 company has profit after tax of ₹6 crores.
✓ As on 31.3.2019 company has AUM of ₹373 crores.

Details of KLM Axima Finvest NCD issue September 2019

✓ This issue will open on August 28, 2019 to September 26, 2019.
✓ These ncd are secured.
✓ Issue size of this NCD is 100 crore. It can raise upto 125 crore in case of over subscription.
✓ Minimum lot is 5 NCD and price of 1 NCD is ₹1000.
✓ KLM Axima Finvest NCD has got CARE BB+ ( Stable ) rating.

What is the interest rates of KLM Axima Finvest NCD?

Check the table.

ncd review 2019

KLM Axima Finvest NCD issue September 2019 Review

In my opinion you shouldn't invest in this NCD because of following reasons.
1. Company has high NPA.
2. Company has received show cause notice from RBI.
3. Company, its directors and promoters are under income tax official's scanner and they are subjected to search and seizure which is putting question on "Trustworthy".
4. High return means high risk. So they are offering high interest rates.

So you should avoid this NCD.

But if you are willing to take some risk, then you can invest in 400 days option. But don't invest more than 2% of your total investment.

Thanks for your time.


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