KLM Axiva Finvest’s NCD public issue sees strong demand, with 78% subscription in the first 5 days. Issue closes on September 6, 2023
KLM Axiva Finvest’s ninth NCD public issue has seen a robust 78% subscription of its base issue within just five days of opening. With a target of raising ₹150 crores, the debentures offer attractive interest rates ranging from 9.38% to 11.02% and multiple tenure options. The funds raised are earmarked for expanding the company’s gold loan business and increasing its branch network across India.
Kochi (Kerala) [India], August 31: KLM Axiva Finvest’s 9th NCD public issue is receiving an overwhelming response, with 78% of the base issue being subscribed in the first 5 days. Rs. 150 crore is targeted to be raised through the debenture issue. KLM Axiva Finvest is issuing secured, redeemable, non-convertible debentures with a face value of Rs. 1000.
The issue was started on 24th August and will end on 6th September. Application forms are available through KLM Axiva’s 1000+ branches across India and through the online portals of leading banks such as SBI, SIB and Federal Bank.
KLM Axiva Finvest debentures have attractive interest rates. The NCD has ten different options for individual investors to choose from. Returns are available at rates ranging from 9.38% to 11.02% based on the various investment options. There are also multiple investment options ranging from 400 days to 82 months. The issue face value is Rs.1000, and the minimum amount of deposit is Rs. 5000. All public issues of KLM Axiva Finvest, in the past, were over-subscribed.
Application forms are also available at https://klmaxiva.com/ncd. The entire amount raised through the NCD will be utilized for gold loan business expansion. The plan is to widen the branch presence all over India.
For more information related to the NCD Public Issue, call 9961033333.
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