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

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

22 Jul 2024

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Key Takeaways

  • NCD Issue Details:

    • KLM Axiva Finvest Ltd has launched its tenth public issue of secured redeemable NCDs with a base size of ₹7,500 lakhs, expandable up to ₹15,000 lakhs.

  • Yield Range:

    • The NCDs offer returns from 9.92% to 11.30% p.a. and have a face value of ₹1,000.

  • Investment Options:

    • The issue presents ten investment options with tenures ranging from 400 days to 79 months.

  • Minimum Investment:

    • The minimum investment amount is ₹5,000.

  • Strategic Objective:

    • This strategic move aims to enhance the company's capital base while providing secure investment choices, reflecting market confidence in KLM Axiva Finvest.

  • NCD Issue Details:

    • KLM Axiva Finvest Ltd has launched its tenth public issue of secured redeemable NCDs with a base size of ₹7,500 lakhs, expandable up to ₹15,000 lakhs.

  • Yield Range:

    • The NCDs offer returns from 9.92% to 11.30% p.a. and have a face value of ₹1,000.

  • Investment Options:

    • The issue presents ten investment options with tenures ranging from 400 days to 79 months.

  • Minimum Investment:

    • The minimum investment amount is ₹5,000.

  • Strategic Objective:

    • This strategic move aims to enhance the company's capital base while providing secure investment choices, reflecting market confidence in KLM Axiva Finvest.

KLM Axiva Finvest Unlisted Shares

KLM Axiva Finvest

DRHP filed-6.97%

Expert Analysis

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.

Publisher:Ahmedabad Mirror