Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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| Issue Open | August 28, 2019 |
| Issue Close | September 26, 2019 |
| Issue Size (Base) | ₹100.00 Crores |
| Issue Size (Shelf) | ₹125.00 Crores |
| Issue Price | ₹1000 per NCD |
| Listing At | BSE |
Note that the public issue of NCD is closed early in case it is fully subscribed (base + shelf) before its issue closing day.The allotment is done on a First Come First Serve Basis.
| Bid/Offer Opens On | August 28, 2019 |
| Bid/Offer Closes On | September 26, 2019 |
| Record Date | |
| Deemed Date of Allotment |
| Terms of the NCDs | ||||||||||
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Tenure |
400 Days |
400 Days |
2 Years |
2 Years |
3 Years |
3 Years |
5 Years |
5 Years |
45 Months |
75 Months |
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Nature Options |
I |
II |
III |
IV |
V |
VI |
VII |
VIII |
IX |
X |
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Frequency of Interest Payment |
Monthly |
Cumulative |
Monthly |
Yearly |
Monthly |
Yearly |
Monthly |
Yearly |
Cumulative |
Cumulative |
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Minimum Application |
Rs 5000 (5 NCDs) |
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In multiples of thereafter |
1 NCD after minimum app |
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Face Value of Secured NCDs (Rs / NCD) |
Rs 1,000 |
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Issue Price (Rs / NCD) |
Rs 1,000 |
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Mode of Interest Payment |
Through various options |
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Coupon Rate (% per annum) |
11.00% |
NA |
11.25% |
11.50% |
11.50% |
11.75% |
11.75% |
12.00% |
NA |
NA |
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Coupon Type |
Fixed |
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Redemption Amount (Rs / NCD) for Debenture Holders* |
Rs 1,000 |
Rs 1,123 |
Rs 1,000 |
Rs 1,000 |
Rs 1,000 |
Rs 1,000 |
Rs 1,000 |
Rs 1,000 |
Rs 1,500 |
Rs 2,000 |
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Effective Yield (Per annum) |
11.57% |
11.17% |
11.85% |
11.50% |
12.13% |
11.75% |
12.40% |
12.00% |
11.42% |
11.73% |
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Deemed Date Of Allotment |
The Date on which the Board of the Debenture Committee approves the allotment of NCDs. All benefits relating to the NCDs including interest on the NCDs shall be available to the investors from the Deemed date of allotment. The actual Allotment of NCDs may take place on a date other than the Deemed Date of Allotment. |
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Note that the Shelf issue is an option to retain oversubscription up to shelf issue size over and above the base issue.
You could check KLM Axiva Finvest Limited NCD Grey Market Premium (GMP Rate) by visiting our Grey Market Price (Message Board).
Note that there is no official source of GMP Rate as they are over-the-counter transactions.
The NCDs proposed to be issued under the Issue have been rated 'CARE BB+ Stable' (Double B Plus; Outlook: Stable) by CARE Ratings Limited ("CARE Ratings") for an amount up to 12,500 lakhs, vide its letter dated July 22, 2019. The rating of NCDs by Care Ratings indicates that instruments with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations.
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