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KLM Axiva Finvest NCD August 2023 vs Navi Finserv NCD July 2023

Comparision between KLM Axiva Finvest NCD August 2023 and Navi Finserv NCD July 2023.

NCD Details

KLM Axiva Finvest NCD August 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Navi Finserv NCD July 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.

  KLM Axiva Finvest Limited Navi Finserv Limited
Logo KLM Axiva Finvest NCD August 2023 Logo Navi Finserv NCD July 2023 Logo
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Listing at BSE BSE, NSE
Basis of Allotment First Come First Serve Basis First Come First Serve Basis
DRHP (Base) DRHP DRHP
RHP (Base) RHP RHP
DRHP (Shelf)
RHP (Shelf)
NCD Rating

The company has received a rating of IND BBB-/Stable by India Ratings & Research Private Limited for the NCDs proposed to be issued pursuant to this Issue.

The NCDs proposed to be issued under the Issue have been rated as IND A/ Stable by India Ratings & CRISIL A/Stable by CRISIL Ratings Limited. The instrument with such a rating is expected to have an adequate degree of safety.

Registrar Kfin Technologies Limited Link Intime India Private Ltd
Lead Managers Vivro Financial Services Private Limited Jm Financial Limited
Debenture Trusties Vistra Itcl India Limited Catalyst Trusteeship Limited
NRI Allowed No No
Allotment Link Allotment Link

Issue Size and Price and Other Details

Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. KLM Axiva Finvest NCD August 2023 issue size is ₹75.00 Cr at an issue price of ₹1,000.00 per NCD. Navi Finserv NCD July 2023 issue size is ₹250.00 Cr at a issue price of ₹1,000.00 per NCD.

  KLM Axiva Finvest Limited Navi Finserv Limited
Issue Size (Base) ₹75.00 Cr ₹250.00 Cr
Issue Size (Shelf) ₹500.00 Cr
Issue Price ₹1,000.00 per NCD ₹1,000.00 per NCD
Face Value ₹1,000.00 per NCD ₹1,000.00 per NCD
Minimum Lot size 5 NCD 10 NCD
Market Lot 1 NCD 1 NCD
Credit Rating IND BBB-/Stable by India Ratings & Research Private Limited IND A/ Stable by India Ratings & CRISIL A/Stable by CRISIL
Tenor 400 days, 16, 18, 82 months, and 2, 3, 5 years 18, 27, and 36 months
Series Series I to X

Series I to V

Payment Frequency Monthly, Annual and Cumulative Monthly and Annually
Coupon Incentive

NCD Timetable

Offering period of KLM Axiva Finvest NCD August 2023 and Navi Finserv NCD July 2023 is mentioned.

  KLM Axiva Finvest Limited Navi Finserv Limited
Bid/Offer Opens On Aug 24, 2023 Jul 10, 2023
Bid/Offer Closes On Sep 06, 2023 Jul 13, 2023

Shares Offered to Different Investor Category

In KLM Axiva Finvest NCD August 2023 QIBs portion includes 75,000 shares and 3,75,000 shares offered are offered to retail investors. In Navi Finserv NCD July 2023 QIBs portion includes 7,50,000 shares and 0 shares offered are offered to retail investors.

  KLM Axiva Finvest Limited Navi Finserv Limited
Institutional 75,000 shares 7,50,000 shares
Non Institutional 3,00,000 shares 0 shares
HNI 0 shares
Retail 3,75,000 shares 0 shares
Others
Total 7,50,000 shares 25,00,000 shares

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