Other Markets - Debt Markets
30-Nov-2025 12:54
KLM Axiva Finvest plans to raise Rs 100 crore through NCD issue
The base size issue is Rs 50 crore, with an option to retain over-subscription up to an additional Rs 50 crore (Green Shoe Option) aggregating up to Rs 100 crore.
The issue is scheduled to open on 01 December 2025 and close on 12 December 2025, with an option of early closure or extension.
There are 10 series of NCDs carrying fixed coupons and having a tenure of 400 days, 16 months, 18 months, 2 years, 3 years, 5 years and 79 months with monthly, annual and cumulative interest payment options.
An effective yield (per annum) for the NCD holders in all categories of investors ranges from 9.92% to 11.30%.
The NCDs issue has been rated ACUITE BBB/Stable by Acuite Ratings & Research.
The minimum application size for each application for NCDs would be 5 NCDs which is Rs 5,000 across all series collectively and in multiples of 1 NCD (Rs 1000) thereafter. Allotment is on First Come First Served Basis.
NCDs are proposed to be listed on BSE.
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