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L&T FINANCE LIMITED NCD Tranche – 2 scheduling its Secured, Rated, Listed Redeemable Non convertible debentures from April 8, 2019 – April 18, 2019 having Base Issue size Rs.500 Crore with an option to retain oversubscription up to Rs.500 Crore aggregating upto Rs.1,000 Crore (Tranche – 2 issue Limit).

Investors can get all important information as Price, Date, Prospectus, Credit Rating, Listing, Maturity, allocation ratio, allotment status, subscription details, application form, Lead Managers and Registrar of the Issue.

Summary Of Issue:

Issuer:- L&T FINANCE LIMITED NCD 
Issue Open April 8, 2019 – April 18, 2019
Total issue Size

Base Issue size Rs.500 Crore with an option to retain oversubscription up to Rs.500 Crore aggregating upto Rs.1,000 Crore (Tranche – 2 issue Limit).

Coupon Rate 9.05% p.a.
Face Value Rs. 1,000 Per NCD
Nature of Instrument Secured NCDs of face value of Rs. 1,000
Minimum Application size Rs.10,000/-  ( 10 NCDs) thereafter  in multiples of Rs.1000/-(1 NCD) for all Options of NCDs.
Credit Ratings “[ICRA] AAA (Stable)”, “CARE AAA/Stable” and IND AAA / Stable
Listing Proposed on BSE
Basis of Allotment First Come First Serve Basis
Application Mode ASBA Mandatory ( No Cheque will be accepted)
Nature of Issue Secured Redeemable Non Convertible Debentures.
Depositories NSDL & CDSL

 

Note: *Subject to the terms and conditions in connection with computation of applicable interest on the Record Date, please note that in case the NCDs are transferred and/or transmitted in accordance with the provisions of this Tranche 2 Prospectus read with the provisions of the Articles of Association of the company, the transferee of such NCDs or the deceased holder of NCDs, as the case may be, shall be entitled to any interest which may have accrued on the NCDs.


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L&T FINANCE LIMITED Issue Allocation:

L&T-Finance-Ltd-2-NCD-Issue-Allocation

 


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 Allocation Ratio of L&T FINANCE LIMITED (Category Wise)

 

Category Allocation Amount in Crs.
Total Issue
QIB 10% 100
Corporate 10% 100
HNI 35% 350
Retail 45% 450
Total 100% 1000

 

Note: Application will be rejected if banked without uploading in the electronic system of the recognised stock exchanges.

 

 L&T FINANCE LIMITED NCD Subscription details

Category  Subscription Figure in crore
Institutional
Corporate
HNI
Retail
Total

 

* will be update after issue opening

 

Download L&T FINANCE LIMITED NCD Application Form

 


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Registrar To The Issue:-

  1. Link Intime India Pvt. Ltd.

 

Lead ManagerTo The Issue:-

  1. Axis Bank, Edelweiss Financial Services, A. K. Capital Services and Trust Investment Advisors

 

 For More Details Contact us 011-42445800 / 9650901058

or


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