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KLM Axiva NCD June 2020 Detail
Issue Open Jun 2, 2020
Issue Close Jun 26, 2020
Issue Size (Base) ₹100.00 Crores
Issue Size (Shelf) ₹125.00 Crores
Issue Price ₹1000 per NCD
Listing At BSE

KLM Axiva NCD June 2020 Date & Price

The KLM Axiva NCD June 2020 issue opens on Jun 2, 2020, and closes on Jun 26, 2020, 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 Ltd NCD IPO dates are as below:

KLM Axiva NCD June 2020 Issue Timetable

Bid/Offer Opens OnJun 2, 2020
Bid/Offer Closes OnJun 26, 2020
Record Date
Deemed Date of Allotment

KLM Axiva NCD June 2020 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 NCD June 2020 is Monthly, Annual and Cumulative.

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

KLM Axiva NCD June 2020 remain open for subscription on working days from 10:00 a.m. to 5:00 p.m until Jun 26, 2020. The bid may close earlier in case it is fully subscribed.

  Series 1 Series 2 Series 3 Series 4 Series 5 Series 6 Series 7 Series 8 Series 9 Series 10
Tenure 400 Days 400 Days 18 Months 2 Years 2 Years 3 Years 3 Years 5 Years 5 Years 75 Months
Frequency of Interest Payment Monthly Cumulative Cumulative Monthly Yearly Monthly Yearly Monthly Yearly 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 NA 11.25% 11.50% 11.50% 11.75% 11.75% 12.00% NA
Coupon Type Fixed
Redemption Amount (Rs / NCD) for Debenture Holders* Rs 1,000 Rs 1,123 Rs 1,179 Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 Rs 2,000

The NCD's have a fixed maturity date. The date of maturity of the NCD's is 400days/ 18month/ 2year/ 3year/ 5year/ 75month.

KLM Axiva NCD June 2020 Issue Size and Subscription Status

The KLM Axiva NCD June 2020 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 NCD June 2020 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 Ltd 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 NCD June 2020 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.

The KLM Axiva Finvest Ltd Allotment Status is not available online at this time.

The KLM Axiva Finvest Ltd 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 NCD June 2020 NCD's will list. The price varies by the demand and supply of NCD on the day of listing.

KLM Axiva Finvest Ltd NCD - Should I apply?

The NCDs proposed to be issued under this Issue have been rated "CARE BB+; Stable", by CARE Ratings Limited ("CARE Ratings") for an amount up to Rs 12,500 lakhs, vide its letter dated March 16, 2020 and revalidation letter dated May 22, 2020. 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 NCD June 2020 which could help you with questions like KLM Axiva NCD June 2020 buy or not? You should also read KLM Axiva NCD June 2020 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 Ltd 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.