Description
BSE lists 10 series of secured, redeemable non-convertible debentures (NCD XIII) issued by KLM Axiva Finvest Limited with face value of Rs. 1,000 per NCD, coupons ranging from 9.50% to 11.00% p.a., and maturity dates from January 2027 to July 2032.
Summary
BSE has listed 10 series of Secured Redeemable Non-Convertible Debentures (NCD XIII) issued by KLM Axiva Finvest Limited. The NCDs have a face value and issue price of Rs. 1,000 per debenture, with a total of 10,00,000 securities across all series. The debentures carry coupon rates ranging from 9.50% to 11.00% per annum with varying interest payment frequencies (monthly, annually, or cumulative). The securities have been rated ACUITE BBB/Stable and mature between January 2027 and July 2032.
Key Points
- Total of 10 series of secured, redeemable NCDs listed under NCD XIII issuance
- Face value and issue price: Rs. 1,000 per NCD for all series
- Date of allotment: December 16, 2025
- Interest payment frequencies: Monthly (Series I, III, IV, VI, VIII), Annually (Series V, VII, IX), Cumulative (Series II, X)
- Coupon rates: 9.50% (Series I), 9.85% (Series II), 10.00% (Series III), 10.25% (Series IV & V), 10.50% (Series VI), 10.75% (Series VII), 11.00% (Series VIII & IX), and cumulative structure for Series X
- Effective yields range from 9.92% to 11.30% per annum
- Maturity periods: 1.1 years to 6.6 years (January 2027 to July 2032)
- Credit rating: ACUITE BBB/Stable
- Market lot: One NCD
- No put/call options available
- ISINs assigned: INE01I507AY8 through INE01I507BG3 and INE01I507AX0
- Scrip codes assigned: 940799 through 940817 with corresponding scrip IDs
Series-Wise Breakdown
- Series I: 2,08,674 NCDs, 9.50% coupon, monthly frequency, maturity January 19, 2027
- Series II: 2,14,658 NCDs, 9.85% coupon, cumulative, maturity April 16, 2027
- Series III: 36,995 NCDs, 10.00% coupon, monthly frequency, maturity June 16, 2027
- Series IV: 1,36,080 NCDs, 10.25% coupon, monthly frequency, maturity December 16, 2027
- Series V: 94,331 NCDs, 10.25% coupon, annual frequency, maturity December 16, 2027
- Series VI: 90,655 NCDs, 10.50% coupon, monthly frequency, maturity December 16, 2028
- Series VII: 41,033 NCDs, 10.75% coupon, annual frequency, maturity December 16, 2028
- Series VIII: 94,462 NCDs, 11.00% coupon, monthly frequency, maturity December 16, 2030
- Series IX: 24,211 NCDs, 11.00% coupon, annual frequency, maturity December 16, 2030
- Series X: 58,901 NCDs, cumulative structure, redemption at Rs. 2,000 per NCD, maturity July 16, 2032
Regulatory Changes
No regulatory changes announced. This is a standard listing notification for newly issued debt securities.
Compliance Requirements
No specific compliance requirements for market participants. The issuer, KLM Axiva Finvest Limited, will be subject to standard listing agreement obligations and disclosure requirements for listed debt securities.
Important Dates
- Allotment Date: December 16, 2025
- First Interest Payment Dates:
- February 2, 2026 (Series I, III, IV, VI, VIII)
- April 16, 2027 (Series II)
- December 16, 2026 (Series V, VII, IX)
- July 16, 2032 (Series X)
- Maturity/Redemption Dates:
- January 19, 2027 (Series I)
- April 16, 2027 (Series II)
- June 16, 2027 (Series III)
- December 16, 2027 (Series IV, V)
- December 16, 2028 (Series VI, VII)
- December 16, 2030 (Series VIII, IX)
- July 16, 2032 (Series X)
Impact Assessment
This listing has minimal market-wide impact as it pertains to debt securities of a single non-banking financial company. The issuance provides investors with fixed-income investment options across various maturity tenors and interest payment structures. The BBB rating indicates moderate credit risk. The listing expands the debt securities market on BSE but does not affect equity markets or broader trading operations. Investors in these NCDs now have secondary market liquidity through BSE’s debt trading platform.
Impact Justification
Routine listing notification for debt securities of a specific issuer with no broad market impact