KLM Axiva Finvest is Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) will begin on August 24, 2023. KLM Axiva Finvest will offer 11.02% interest rates on NCDs. India Ratings & Research Private Limited has assigned the rating of IND BBB-/Stable to KLM Axiva Finvest NCD. The NCDs are valid for 400 days, 16, 18, 82 months, and 2, 3, and 5 years.
Klm Axiva Finvest Limited is a Kochi-based NBFC (non-deposit-taking non-banking finance company). They provide services to individuals and businesses from the lower and middle classes. To women consumers, the company offers gold loans, lending money against the pledge of household jewelry, micro-small and medium enterprise loans, personal loans, and microfinance loans. They have offices in four states: Kerala, Karnataka, Tamil Nadu, and Telangana.
KLM Axiva Finvest Tranche I NCD August 2023 Details
| NCD Issue Open | August 24, 2023 |
| NCD Issue Close | September 6, 2023 |
| NCD Issue Size | Base: 75 Cr. | Shelf: [.] Cr. |
| Price Band | ₹1000 per NCD |
| Interest Rate | Up to 11.02% ** (Annually) |
| Minimum Investment | 10 Bonds (₹10,000) |
| Listing on | BSE Platform |
| Credit Rating | IND BBB-/Stable by India Ratings & Research Private Limited |
| Tenor | 400 days, 16, 18, 82 months, and 2, 3, 5 years |
| Basis of Allotment | First Come First Serve Basis |
KLM Axiva Finvest NCD August 2023 Promoters
- Ms. Biji Shibu
How to Apply KLM Axiva Finvest NCD August 2023 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 out all the details along 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 August 2023 Tenure & Interest Rates
| # | Tenure | Payment | Coupon | Eff. Yield |
|---|---|---|---|---|
| 1 | 400 Days | Monthly | 9.00% | 9.38% |
| 2 | 16 Months | Cumulative | NA | 9.60% |
| 3 | 18 Months | Monthly | 9.35% | 9.76% |
| 4 | 2 Years | Monthly | 9.50% | 9.92% |
| 5 | 2 Years | Annual | 9.75% | 9.75% |
| 6 | 3 Years | Monthly | 9.75% | 10.20% |
| 7 | 3 Years | Annual | 10.00% | 10.00% |
| 8 | 5 Years | Monthly | 10.50% | 11.02% |
| 9 | 5 Years | Annual | 10.75% | 10.75% |
| 10 | 82 Months | Cumulative | NA | 10.68% |
KLM Axiva Finvest NCD Allocation Ratio
| Category | Allocation |
|---|---|
| Institutional | 10% |
| Non-Institutional | 40% |
| HNI | -% |
| Retail | 50% |
KLM Axiva Finvest NCD August 2023 Lead Manager
- Vivro Financial Services Private Limited
KLM Axiva Finvest NCD August 2023 Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: klmaxiva.ncdipo@kfintech.com
Website: https://kosmic.kfintech.com
Company Information
KLM Axiva Finvest Limited
Door No. 8-13, Plot No. 39, First Floor, Ashoka Co
mplex, Mythripuram Colony, Gayathrinagar X Road,
Vaishalinagar P.O., Hyderabad, Telangana-500 079
Phone: +91-40-3516-2071
Email: infoklmaxiva.com
Website: https://klmaxiva.com
KLM Axiva Finvest NCD August 2023 FAQs:
Q1. When is KLM Axiva Finvest NCD Open?
Ans. KLM Axiva Finvest NCD is to open on August 24 and close on September 6, 2023.
Q2. What is the KLM Axiva Finvest NCD Price?
Ans. The company has fixed the price at ₹1000 per NCD.
Q3. What is KLM Axiva Finvest NCD Issue Size?
Ans. The NCD issue size is ₹75 crore.
Q4. On Which platform will the KLM Axiva Finvest NCD list?
Ans. KLM Axiva Finvest NCD will list on BSE Platforms.
Q5. How do I apply for the KLM Axiva Finvest NCD?
Ans. You can apply from your existing Demat account online and offline.
