KLM Axiva Finvest

KLM Axiva Finvest Ltd NCD Details

KLM Axiva Finvest Ltd NCD Period from 4th June to 25th June 2020:

KLM Axiva Finvest Limited embedded in 1997 in Hyderabad. It is a non-deposit taking and non-systematically important NBFC. The company providing loans for Micro small and medium enterprises loan, gold loan business, and personal loan. The company mainly providing microfinance loans to women customers. 

NCD Details:

Bid 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
Minimum Lot Size 5 NCD
Market Lot 1 NCD
Listing At BSE
Credit Rating CARE BB+ / Stable
Tenor 400 days, 18 months, 75 months, 2 years, 3 years, 5years
Series Series I to X
Payment Frequency Monthly, Annual and Cumulative
Basis of Allotment First Come First Seve Basis

KLM Axiva Finvest Ltd has planned to raise a base size of Rs 100 cr. The investor needs to invest a minimum of 5 bonds and in multiples of 1 NCD bond. The Face value of the scheme is Rs 1000 per NCD bond. It offers different interest rates and tenures of 400 days, 18 months, 75 months, 2 years, 3 years, and 5 years. The NCD is available in 10 series.

KLM Axiva Finvest Ltd NCD Coupon Rates:

Series  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 company allotted 1,00,000 NCD’s from that it allotted 100,000 NCD’s for QIB. Similarly, it allotted 400,000 and 500,000 NCDs for NIIs and HNIs respectively.

Also, the NCD proposed to remain issued under “CARE BB+” outlook stable, by the Credit Rating Agency. Besides, the amount stood up to Rs 12,500 lakhs dated September 30, 2019. 

Disclaimer: This article provides information about the scheme. It does not give any advice or recommendation. Please consult your financial adviser before investing. 

 

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