NCD News of KLM Axiva Finvest NCD February 2023

KLM Axiva Finvest Limited is coming up with Public Issue of Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) of the face value of ₹ 1000 each, for an amount of ₹125.00 Crores ('Base Issue Size') " with an option to retain oversubscription up to ₹125.00 Crores.

KLM Axiva Finvest Ltd is a non-deposit taking non-banking finance company that primarily serves low and middle income individuals and businesses. It primarily operates in the four business verticals; 1. Gold Loan, 2. Micro, small, and medium enterprise loan, 3. Personal loan, and 4. Microfinance loan to women customers. As of 30 Sep 2021, its total AUM was reported to Rs. 94170.90 lakhs.

Allotment of the NCD's will be done on First Come First Serve Basis.

KLM Axiva Finvest NCD February 2023 is rated IND BBB-/Stable by India Ratings & Research Private Limited.

The issue opens on Feb 20, 2023 and closes for subscription on Mar 3, 2023. The shares of the company to be list at BSE.

The public issue of KLM Axiva Finvest Limited opens on Feb 20, 2023 and closes for subscription on Mar 3, 2023.

The KLM Axiva Finvest NCD February 2023 are proposed to list at BSE.

Allotment of the NCD's will be done on First Come First Serve Basis.