KLM Axiva Finvest Ltd NCD Details

KLM Axiva Finvest Ltd NCD Period from fourth June to 25th June 2020:

KLM Axiva Finvest Limited installed in 1997 in Hyderabad. It is a non-store taking and non-deliberately significant NBFC. The organization giving advances to Micro Small and medium enterprises loans, gold advance business, and individual advance. The organization principally giving microfinance advances to ladies clients.

NCD Details:

Offer Period 2nd June to 25th June 2020

Security Name KLM Axiva Finvest Ltd

Security Type Secured, Redeemable, Non-convertible Debentures (Secured NCDs)

Issue Size (Base) Rs 100 Cr

Issue Size (Shelf) Rs 125 Cr

Issue Price Rs 1000 Per NCD

Face Value Rs 1000 Each NCD

Least Lot Size 5 NCD

Market Lot 1 NCD

Posting At BSE

Credit Rating CARE BB+/Stable

Tenor 400 days, year and a half, 75 months, 2 years, 3 years, 5years

Series Series I to X

Installment Frequency Monthly, Annual and Cumulative

Premise of Allotment First Come First Seve Basis

KLM Axiva Finvest Ltd has intended to raise a base size of Rs 100 cr. The speculator needs to contribute at least 5 bonds and in products of 1 NCD bond. The Face estimation of the plan is Rs 1000 for every NCD bond. It offers distinctive loan costs and residencies of 400 days, year and a half, 75 months, 2 years, 3 years, and 5 years. The NCD is accessible in 10 arrangement.

KLM Axiva Finvest Ltd NCD Coupon Rates: 

Arrangement Frequency Tenure Coupon Rate Maturity Amount

I Monthly 400 Days 11.00% Rs 1,000

II Cumulative 400 Days NA Rs 1,123

III Cumulative 18 Months NA Rs 1,179

IV Monthly 2 Years 11.25% Rs 1,000

V Yearly 2 Years 11.50% Rs 1,000

VI Monthly 3 Years 11.50% Rs 1,000

VII Yearly 3 Years 11.75% Rs 1,000

VIII Monthly 5 Years 11.75% Rs 1,000

IX Yearly 5 Years 12.00% Rs 1,000

X Cumulative 75 Months NA Rs 2,000

The organization dispensed 1,00,000 NCD's from that it distributed 100,000 NCD's for QIB. So also, it apportioned 400,000 and 500,000 NCDs for NIIs and HNIs separately.

Likewise, the NCD proposed to remain gave under "CARE BB+" standpoint stable, by the Credit Rating Agency. In addition, the sum confronted Rs 12,500 lakhs dated September 30, 2019.

Disclaimer: This article gives data about the plan. It doesn't offer any guidance or suggestion. Kindly counsel your money related guide before contributing.