KLM Axiva Finvest Limited NCD: Important Details to Checkout

KLM Axiva Finvest NCD issue opens on November 14, 2024 and closes on November 28, 2024. It is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs). The overall issue size is Rs 100 crores. The NCD issue price is Rs 1000 per NCD, and the face value is Rs 1000 for each NCD. The minimum lot size is 10 NCD.

The allotment is on a first-come, first-serve basis. The listing is on BSE (Bombay Stock Exchange), and the tenor is 400 days, 16, 18, and 79 months and 2,3 and 5 years. The lead manager of KLM Axiva Finvest Limited NCD is Vivro Financial Services Private Limited, and the registrar of this NCD is Kfin Technologies Limited.

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KLM Axiva Finvest Limited: About the Company

KLM Axiva Finvest Limited, established in 1994, is a prominent financial services company based in India. It provides various financial products, including investment solutions, loan services, and asset management. The firm caters to the growing demand for customer satisfaction with the help of innovative financial solutions designed according to the respective needs of the customer. KLM Axiva Finvest Limited upholds the highest possible standards of transparency and compliance in order to establish trustworthiness and reliability in its operations. The firm has set its goal to empower clients to effectively achieve their financial goals through a dedicated team of professionals. KLM Axiva Finvest Limited remains a lead player in the Indian financial market by continuously adding to its bouquet for the changing needs of its customers.

KLM Axiva Finvest NCD: Objectives

The Company plans to utilize the net proceeds from the Issue, after deducting issue-related expenses, to fund onward lending and financing activities, as well as the repayment or prepayment of principal and interest on existing borrowings. Certain portion of the funds will be allocated for general corporate purposes.

KLM Axiva Finvest NCD: Important Details

KLM Axiva Finvest Limited: Financial Performance (Amt in Rs Crore)

KLM Axiva Finvest Limited reported a revenue of Rs 315.92 crore and profit after tax of Rs 23.03 crore for the period ending on March 31 2024. The company's revenue increased by 15.41% and Profit After Tax (PAT) increased by 25.63% for the period ending March 31, 2024.

Coupon Rates of KLM Axiva Finvest Limited NCD 2024

KLM Axiva Finvest Limited: NCD Rating

KLM Axiva Finvest NCD have received a rating of "ACUITE BBB" from Acuité Ratings & Research Limited ("IRRPL") for an amount of up to Rs 100 crore. 

How do I apply for KLM Axiva Finvest Limited NCD?

You can click here to apply for the KLM Axiva Finvest NCD.

FAQs

1. When will the KLM Axiva Finvest Limited NCD be open for subscription?

KLM Axiva Finvest Limited NCD issue opens on November 14, 2024, and closes on November 28, 2024.

2. What is the issue size and price of the NCD?

The overall subscription issue size is Rs 100 crores. KLM Axiva Finvest NCD issue price is Rs 1000 per NCD, and the face value is Rs 1000 for each NCD. The minimum lot size is 10 NCD.

3. How has KLM Axiva Finvest Limited performed financially?

KLM Axiva Finvest Limited reported a revenue of Rs 315.92 crore and profit after tax of Rs 23.03 crore for the period ending on March 31 2024. The company's revenue increased by 15.41% and Profit After Tax (PAT) increased by 25.63% for the period ending March 31, 2024.  

4. How can I apply for the KLM Axiva Finvest Limited NCD?

You can click here to apply for the KLM Axiva Finvest NCD. 

5. Who is appointed as a registrar of KLM Axiva Finvest Limited NCD?

Kfin Technologies Limited is appointed as the registrar for KLM Axiva Finvest NCD.

6. Lead manager for the KLM Axiva Finvest Limited NCD?

Vivro Financial Services Private Limited is the lead manager for this NCD issue.

Also Read | Understanding Non-Convertible Debentures (NCDs)