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L&T FINANCE LIMITED NCD scheduling its Secured, Rated, Listed Redeemable Non covertible debentures from March 6, 2019 – March 20, 2019 having Base Issue size Rs.500 Crore with an option to retain oversubscription up to Rs.1,000 Crore aggregating upto Rs.1,500 Crore (Tranche-I 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 March 6, 2019 – March 20, 2019
Total issue Size

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

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 “AAA (stable)” by ICRA and “AAA/Stable” by CARE (Instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations and carry very lowest credit risk).
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.

 

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 I 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:

 

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

 

Category Allocation Amount in Crs.
Total Issue
QIB 20% 300
Corporate 20% 300
HNI 30% 450
Retail 30% 450
Total 100% 1500

 

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 (06/03/2019 at 5 pm)
Institutional  154.7060 Crs
Corporate  39.0842 Crs
HNI  975.3196 Crs
Retail  633.1784 Crs
Total  1802.2882 Crs

 

* 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 Private Limited

 

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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