Description
KLM Axiva Finvest Limited lists 10 series of secured redeemable non-convertible debentures with various coupon rates ranging from 9.50% to 11.00%.
Summary
KLM Axiva Finvest Limited has listed 10 series of secured, redeemable, non-convertible debentures (NCDs) on BSE. The debentures have face values of Rs. 1,000 each (except Series X with Rs. 2,000) and carry coupon rates ranging from 9.50% to 11.00% per annum. Total securities listed across all series amount to 13,38,661 NCDs with maturity periods extending from September 2026 to February 2032.
Key Points
- 10 series of secured NCDs listed with varying interest payment frequencies (monthly, annually, cumulative)
- Coupon rates range from 9.50% (Series I) to 11.00% (Series IX)
- Face value of Rs. 1,000 per NCD for most series, Rs. 2,000 for Series X
- Total of 13,38,661 NCDs listed across all series
- All debentures allotted on July 28, 2025
- Credit rating: ACUITE BBB/Stable
- Market lot size: One NCD
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- NCDs are now available for trading on BSE
- Standard listing compliance requirements apply
- Interest payments scheduled as per respective series terms
Important Dates
- Allotment Date: July 28, 2025
- First Interest Payment: September 1, 2025 (for most series)
- Maturity Dates: Range from September 1, 2026 (Series I) to February 27, 2032 (Series X)
- Trading Commencement: Effective from listing date
Impact Assessment
Limited market impact as this is a routine debt securities listing. The NCDs provide additional investment options for debt investors seeking secured instruments with varying maturity profiles and interest payment frequencies. The BBB/Stable credit rating indicates moderate credit quality, suitable for conservative debt investors.
Impact Justification
Routine debt securities listing with limited market impact