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KLM Axiva Finvest NCD Sees 78% Subscription in First 5 Days

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 […]

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Aug 31, 2023 • 3:46 PM

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“KLM Axiva Finvest NCD Sees 78% Subscription in First 5 Days”

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31 Aug 2023

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.