Chittorgarh.com Logo
Loading...
KLM Axiva Finvest NCD Aug 2019 Detail
Issue Open Aug 28, 2019
Issue Close Sep 26, 2019
Issue Size (Base) ₹100.00 Crores
Issue Size (Shelf) ₹125.00 Crores
Issue Price ₹1000 per NCD
Listing At BSE

KLM Axiva Finvest NCD Aug 2019 Date & Price

The KLM Axiva Finvest NCD Aug 2019 issue opens on Aug 28, 2019, and closes on Sep 26, 2019, for the subscription.

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.

KLM Axiva Finvest Limited NCD IPO dates are as below:

KLM Axiva Finvest NCD Aug 2019 Issue Timetable

Bid/Offer Opens OnAug 28, 2019
Bid/Offer Closes OnSep 26, 2019
Record Date
Deemed Date of Allotment

KLM Axiva Finvest NCD Aug 2019 price is set at ₹1000 per NCD.

The NCD's will be issued at a face value of ₹1000 each NCD.

The frequency of payment for KLM Axiva Finvest NCD Aug 2019 is Monthly, Annually or Cumulative.

Each application should be for a minimum of 5 NCD's and multiples of 1 NCD thereof.

KLM Axiva Finvest NCD Aug 2019 remain open for subscription on working days from 10:00 a.m. to 5:00 p.m until Sep 26, 2019. The bid may close earlier in case it is fully subscribed.

Terms of the NCDs

Tenure

400 Days

400 Days

2 Years

2 Years

3 Years

3 Years

5 Years

5 Years

45 Months

75 Months

Nature Options

I

II

III

IV

V

VI

VII

VIII

IX

X

Frequency of Interest Payment

Monthly

Cumulative

Monthly

Yearly

Monthly

Yearly

Monthly

Yearly

Cumulative

Cumulative

Minimum Application

Rs 5000 (5 NCDs)

In multiples of thereafter

1 NCD after minimum app

Face Value of Secured NCDs (Rs / NCD)

Rs 1,000

Issue Price (Rs / NCD)

Rs 1,000

Mode of Interest Payment

Through various options

Coupon Rate (% per annum)

11.00%

NA

11.25%

11.50%

11.50%

11.75%

11.75%

12.00%

NA

NA

Coupon Type

Fixed

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

Effective Yield (Per annum)

11.57%

11.17%

11.85%

11.50%

12.13%

11.75%

12.40%

12.00%

11.42%

11.73%

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.

The NCD's have a fixed maturity date. The date of maturity of the NCD's is 400 days/ 45 months/ 75 months/2 yrs/ 3 yrs/ 5 yrs.

KLM Axiva Finvest NCD Aug 2019 Issue Size and Subscription Status

The KLM Axiva Finvest NCD Aug 2019 consist of a base issue and a shelf issue.

  • NCD Base Issue Size: ₹100.00 Crores
  • NCD Shelf Issue Size: ₹125.00 Crores

Note that the Shelf issue is an option to retain oversubscription up to shelf issue size over and above the base issue.

Sorry, The number of shares offered in KLM Axiva Finvest NCD Aug 2019 is not available at this time. Please revisit us for latest updates.

No, NRI's are not eligible to apply in this 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.

KLM Axiva Finvest NCD Aug 2019 Allotment and Listing

The NCD's are proposed to be listed on BSE.

Applicants are allocated NCD's on a First Come First Serve Basis.

Click here to check KLM Axiva Finvest Limited Allotment Status.

The KLM Axiva Finvest Limited NCD listing data are not available. The date is published by the exchange a couple of days before the NCD listing.

It is hard to say at what price KLM Axiva Finvest NCD Aug 2019 NCD's will list. The price varies by the demand and supply of NCD on the day of listing.

KLM Axiva Finvest Limited NCD - Should I apply?

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.

Sorry, we do not provide NCD recommendations. But we share a lot of information about KLM Axiva Finvest NCD Aug 2019 which could help you with questions like KLM Axiva Finvest NCD Aug 2019 buy or not? You should also read KLM Axiva Finvest NCD Aug 2019 Analysis from experts and check the daily subscription status.

It depends on many factors like company financials, segment outlook, market situation, issue pricing, the background of promoters, lead managers performance, company strengths, risks and oversubscription. You should read the prospectus document, NCD Analysis from experts and follow the subscriptions before you make the decision to apply in an NCD public Issue.

KLM Axiva Finvest Limited NCD listing day gains are unpredictable as depends on many factors on the day listing. It depends on factors like the demand, the market situation on the day of listing, NCD Issue size etc.