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NCD Status: Closed [20th Feb 2023 to 3rd Mar 2023]
KLM Axiva Finvest Limited issues secured and Redeemable NCD comprises Base issue size worth of Rs 125.00 Cr and Shelf issue size of worth Rs 125.00 Cr. The subscription is opening from 20 Feb 2023 to 03 Mar 2023. . The company issues series I to X at an issue price of Rs. 1000 per NCD. One can subscribe to the NCD with a minimum ticket size of Rs. 5,000 (5 NCDs). The face value of each NCD is Rs 1000. The NCD tenor is 400 days, 16, 82, 18 months, 2, 3, 5 years with a coupon rate ranging from 8.75% - 11.02% per annum.
Check more about the KLM Axiva Finvest Limited 2023 including credit rating, Coupon rates for each series, the basis of allotment, payment frequency, and more.
| NCD Opening Date: | 20th Feb 2023 |
| NCD Closing Date: | 3rd Mar 2023 |
| NCD Type: | Secured NCD |
| Issue Size (Base): | ₹125.00Cr |
| Issue Size (Shelf): | ₹125.00Cr |
| Face Value: | Rs 1000 each NCD |
| Issue Price: | Rs 1000 per NCD |
| Market Lot: | 1 NCD |
| Min Order Qty: | 5 NCD |
| Min Order Amount: | Rs 5000 |
| Listing at: | BSE |
| Tenor: | 400 days, 16, 82, 18 months, 2, 3, 5 years |
| Rating: | IND BBB-/Stable by India Ratings & Research Private Limited |
| Series: | Series I to X |
| Payment Frequency: | Monthly, Annual and Cumulative |
| Basis of Allotment: | |
| Interest on return: |
Zerodha Trade@20
| NCD Activity | Date |
|---|---|
| NCD Issue Open | 20th Feb 2023 |
| NCD Issue Close | 3rd Mar 2023 |
* - Tentative Dates
| Category Name | NCD's Allocated |
|---|---|
| Institutional | 10% |
| Non-Institutional | 40% |
| Retail | 50% |
KLM Axiva Finvest Limited is a Non-govt company, incorporated on 28 Apr, 1997. It's a public unlisted company and is classified as 'company limited by shares'.
KLM provides a host of benefits along with competitive interest rates for its valuable customers. Non-Convertible Debentures (NCDs) are attractive investment option for the higher rate of interests that they offer, risk-free nature and tradability. NCDs offer greater liquidity and safety thereby giving the investor a better investment avenue.
This company provides services in the following segments :-
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-20 | 571.77 | 102.25 | 0.53 | 64.07 |
| 31-Mar-21 | 824.18 | 126.52 | 7.14 | 83.93 |
| Amount in ₹ Crore | ||||
The company proposes to utilise the funds which are being raised through the Issue:
1. For the purpose of onward lending, financing and repayment/prepayment of principal and interest on existing borrowings.
2. General Corporate Purposes
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 | 82 Months |
| Coupon (% per Annum) | 8.75% | NA | 9.10% | 9.25% | 9.50% | 9.50% | 9.75% | 10.50% | 10.75% | NA |
| Effective Yield (% per Annum) | 9.11% | 9.45% | 9.49% | 9.65% | 9.50% | 9.92% | 9.75% | 11.02% | 10.75% | 10.68% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,128.00 | 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 |
Ms. Biji Shibu is the promoter of the company.
The NCDs proposed to be issued under this Issue have been rated "IND BBB-/Stable", by India Ratings & Research Private Limited ("India Ratings") for an amount up to ₹ 25,000 lakhs.
Last Updated on 2023-03-06T02:30:23+00:00
