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The total value of the Non-Convertible Debentures (NCDs) to be issued, including all due interest, costs, charges, fees, Debenture Trustee remuneration, and related expenses, will be secured. This security will be in the form of a first-ranking pari passu charge, on par with existing secured creditors. The charge will cover all current and future movable assets of the Company, such as book debts, receivables, cash, bank balances, other movable assets, and loans and advances. The value of the security will be equivalent to 100% of the outstanding NCDs plus any accrued interest. Without prejudice to the above, in the event our Company fails to execute the Debenture Trust cum Hypothecation Deed within the period prescribed by SEBI, and importantly, prior to the listing of the NCDs, our Company shall also pay interest of at least 2% (two per cent) per annum to the NCD holders. This interest is over and above the interest rate on the NCDs specified in the Prospectus, and will be payable until the execution of the Debenture Trust cum Hypothecation Deed. |
| Issue Details |
| Issue Open |
22-Jul-2024-02-Aug-2024 |
| Security Name |
KLM AXIVA FINVEST LIMITED |
| Security Type |
Secured Redeemable Non-Convertible Debentures |
| Issue Size (Base) .Cr |
75 |
| Over subscription |
An Option To Retain Oversubscription Up To Rs. 75 Crores Aggregating To Rs. 150 Crores. |
| Issue Price |
1000 |
| Face Value |
1000 |
| Market Lot |
1 |
| Credit Rating |
"ACUITE BBB/Stable" by ACUITE & "IND BBB-/Stable" by IRRPL. |
| Tenor |
400 Days,16 Months,18 Months,2 Years,3 Years,5 Years,79 Months |
| Series |
Series1,Series2,Series3,Series4,Series5,Series6,Series7,Series8,Series9,Series10 |
| Payment Frequency |
Monthly,At the End,Yearly |
| Objects of the Issue: |
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PUBLIC ISSUE BY OUR COMPANY OF SECURED, REDEEMABLE, NON-CONVERTIBLE DEBENTURES OF FACE VALUE OF RS. 1000 EACH ("NCDS"), AT PAR, AGGREGATING UP TO RS.75 CRORE, HEREINAFTER REFERRED TO AS THE "BASE ISSUE" WITH AN OPTION TO RETAIN OVER-SUBSCRIPTION UP TO RS. 75 CRORE, AGGREGATING UP TO RS.150 CRORE. |
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| Company Promoters |
| Biji Shibu |
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| Lead Managers |
| 1. Vivro Financial Services Pvt Ltd |
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| Registrar to the Issue |
| 1. KFIN Technologies Ltd |
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