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KLM Axiva Finvest NCD August 2023 vs Power Finance Corporation NCD July 2023

Comparision between KLM Axiva Finvest NCD August 2023 and Power Finance Corporation 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 Power Finance Corporation NCD July 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  KLM Axiva Finvest Limited Power Finance Corporation Limited
Logo KLM Axiva Finvest NCD August 2023 Logo Power Finance Corporation NCD July 2023 Logo
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Listing at BSE BSE
Basis of Allotment First Come First Serve Basis First Come First Serve Basis
DRHP (Base) DRHP
RHP (Base) RHP RHP
DRHP (Shelf) DRHP (Shelf)
RHP (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 "CARE AAA, Stable" by CARE Ratings Limited, "CRISIL AAA/Stable" by CRISIL Limited, and "ICRA AAA, Stable" by ICRA Limited.

Registrar Kfin Technologies Limited Kfin Technologies Limited
Lead Managers Vivro Financial Services Private Limited Jm Financial Limited

A.K. Capital Services Limited

Smc Capitals Limited

Trust Investment Advisors Private Limited

Nuvama Wealth Management Limited
Debenture Trusties Vistra Itcl India Limited Beacon 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. Power Finance Corporation NCD July 2023 issue size is ₹500.00 Cr at a issue price of ₹1,000.00 per NCD.

  KLM Axiva Finvest Limited Power Finance Corporation Limited
Issue Size (Base) ₹75.00 Cr ₹500.00 Cr
Issue Size (Shelf) ₹5,000.00 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 CARE AAA, Stable by CARE Ratings Limited, CRISIL AAA/Stable by CRISIL Limited and ICRA AAA, Stable by ICRA Limited
Tenor 400 days, 16, 18, 82 months, and 2, 3, 5 years 3, 10, and 15 years
Series Series I to X

Series I to III

Payment Frequency Monthly, Annual and Cumulative Annually
Coupon Incentive

NCD Timetable

Offering period of KLM Axiva Finvest NCD August 2023 and Power Finance Corporation NCD July 2023 is mentioned.

  KLM Axiva Finvest Limited Power Finance Corporation Limited
Bid/Offer Opens On Aug 24, 2023 Jul 21, 2023
Bid/Offer Closes On Sep 06, 2023 Jul 26, 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 Power Finance Corporation NCD July 2023 QIBs portion includes 5,00,000 shares and 20,00,000 shares offered are offered to retail investors.

  KLM Axiva Finvest Limited Power Finance Corporation Limited
Institutional 75,000 shares 5,00,000 shares
Non Institutional 3,00,000 shares 5,00,000 shares
HNI 20,00,000 shares
Retail 3,75,000 shares 20,00,000 shares
Others
Total 7,50,000 shares 50,00,000 shares

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