KLM Axiva Finvest NCD bonds 12% June 2020 – Should I invest?

KLM Axiva Finvest NCD bonds 12% June 2020 – Should I invest? by Suresh KP

KLM Axiva Finvest NCD bonds June 2020

KLM Axiva Finvest is coming up with secured NCDs that would open for subscription on 2nd June, 2020.

These NCDs offer interest rates up to 12% and yield up to 12.4%. This Non Banking Finance Company  (NBFC)is operating from Kerala with registered office in Hyderabad. 

KLM Axiva Finvest NCD 2020 Issue Details

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Here are the issue details of these NCDs.
Start date: 2-June 2020
End date: 25-June-2020
It offers secure NCDs.
These NCD’s have monthly, yearly and cumulative interest payment options.
It offers both secured NCD’s for 400 days,  18 months, 2 years, 3 years, 5 years and 75 months.
Bond face value is Rs 1,000.
Minimum investment is for 5 bonds mean, you need to invest for a minimum of Rs 5,000. Beyond this you can invest in multiples of 1 bond.
These NCD bonds would be listed on BSE. Hence, these are liquid investments (provided the buyer is available on that date when you sell such NCD’s).
NCD’s can be invested through Demat account only.
Non-resident Indians (NRI’s) cannot invest in these NCD’s.
The issue size is Rs 100 Crores with an option to retain another Rs 25 Crores aggregating to Rs 125 Crores.

Vivro Financial Services is the Book Running lead Manager for this issue.

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