KLM Axiva Finvest To Raise Up To ₹15,000 Lakhs Via NCDs

KLM Axiva Finvest To Raise Up To ₹15,000 Lakhs Via NCDs.

Expert Analysis:

• Strategic Capital Bolstering: KLM Axiva Finvest Ltd's tenth public issue of secured redeemable non-convertible debentures (NCDs)  with a face value of ₹1000.

• Flexible Issue Size: It will raise aggregating up to ₹7,500 lakhs (“base issue”) with an option to retain over-subscription up to ₹7,500 lakhs, aggregating up to ₹15,000 lakhs.

• Issue Dates: The NCD issue, which opened on 22nd July 2024, will be closed on 2nd August 2024.

• Attractive Yields: The NCDs offer attractive yields ranging from 9.92% to 11.30% p.a., catering to different investor risk appetites.

• Variety of Investment Options: The NCDs have ten different options for individual investors to choose from. With a face value of ₹1,000 and multiple investment options spanning tenures from 400 days to 79 months, the issue appeals to both short and long-term investors.

• Accessible Investment Minimum: The minimum investment amount is ₹5,000, making it accessible to individual investors.