L&T Finance Limited scheduling its Secured Redeemable Non Convertible Debentures from December 6, 2019 – December 30, 2019 having base issue size of Rs 500 crore with an option to retain over subscription of Rs. 1000 crore aggregating upto Rs. 1500 Crore.
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:
| Issue | L&T Finance Limited Tranche I |
| Issue Open | December 16, 2019 – December 30, 2019 |
| Issue Size |
Base issue size of Rs 500 crore with an option to retain oversubscription of Rs. 1000 crore aggregating upto Rs. 1500 Crore. |
| Annualized return upto | 8.65% p.a. |
| Face Value | Rs. 1000 per NCD |
| Nature of Instrument | Secured Redeemable Non-Convertible Debenture Public issue |
| Minimum Application size and in multiples of NCO thereafter | Rs. 10,000 (10 NCDs) across all Series collectively |
| Credit Ratings | ICRA AAA/Stable, CARE AAA/Stable and IND RATING AAA/Stable |
| Listing | The NCDs are proposed to be listed on BSE & NSE. NCDs shall be listed within 6 Working Days from the date of Issue Closure. |
| Lead Managers | A. K. Capital Services Limited, Edelweiss Financial Services Limited, Trust Investment Advisors Private Limited and JM Financial Limited |
| Put/ Call option | N.A. |
| Debenture Trustee | IDBI Trusteeship Services Limited |
| Registrar to the Issue/ Registrar Issue | Link Intime India Private Ltd |
| Depositories | NSDL and CDSL |
| Mode Application Forms | ASBA Mandatory |
L&T Finance Limited Tranche I NCD- Coupon Rate and Yield:
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L&T Finance Limited Tranche I NCD (Category Wise)
| Category | Allocation | Amount in Crs. | |
| Total Issue | |||
| QIB | 10% | Rs. 150 Crores | |
| Corporate | 10% | Rs. 150 Crores | |
| Individual Investors | 35% | Rs. 525 Crores | |
| Investors | 45% | Rs. 675 Crores | |
| Total | 100% | Rs. 1500 Crores | |
L&T Finance Limited Tranche I NCD Subscription details
* will be update after issue opening
Download L&T Finance Limited Tranche I
NCD Application Form
Open Your Demat Account to Invest in Upcoming IPO’s/NCD’s/Bonds
Registrar To The Issue:-
- Link Intime India Private Limited
For More Details Contact us 011-42445800 / 9650901058
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