L&T Finance Limited Profile
L&T Finance Limited is one of the leading private non-banking financial services companies in India. The L&T Finance Limited is a part of the larger L&T group which is one of the leading business companies in India, with a presence across infrastructure, power, heavy engineering, electrical and automation, hydrocarbons, IT and technology services, financial services, project development, metallurgical and material handling, realty, shipbuilding, construction equipment, machinery and industrial products sectors. The Values of L&T Finance Limited is Pride, Ambition, Discipline, Integrity.
Its Promoter is registered with the RBI as a Non-Banking Finance Company Core Investment Company conducting business through its wholly-owned subsidiaries. L&T entered into the financial services business in 1994 In the year 2016, its Promoter streamlined and reorganized its financing business into three primary business segments, i.e., rural, wholesale and housing with return on equity as an important performance metric.
L&T Finance Limited NCD details:
Symbol: LTFNCD2
Issue Opening Date: 08-Apr-2019
Issue Closing Date: 18- Apr-2019
Allotment: Compulsorily in dematerialized form
Credit Rating: ICRA AAA/Stable, CARE AAA/Stable and IND AAA/Stable
Minimum Application: 10 (Ten) NCDs (Rs. 10,000) either taken individually or collectively across all series of NCDs and in multiple of 1 NCD (Rs.1000) thereafter
In Multiples of thereafter: Rs. 1,000 (1 NCD)
Face Value : Rs. 1000
Price Range: Rs 1000
Issuance Mode: Demat Only
Application Mode: Compulsorily ASBA
Issue Size: Public Issue of Secured Redeemable Non-Convertible Debentures amounting to Rs. 50,000 Lakhs (Base Issue Size) with an option to retain oversubscription up to Rs. 50,000 Lakhs aggregating up to Rs.1,00,000 lakhs
Registrar: Link Intime India Private Limited
Listing At: BSE, NSE
IPO Market Timings: 10.00 a.m. to 5.00 p.m.
Security Type: Secured Redeemable Non-Convertible Debentures
Market Lot: 1 (one) NCD
Interest Rate & Frequency
| Series | |
| S1 | 8.70% Tenor 3 years, for Category I & II Investors – Annual Option, 8.90% Tenor 3 years, for Category III & IV Investors – Annual Option |
| S2 | Payable at redemption-Rs.1,284.66 – Tenor 3 years, for Category I & II Investors – Cumulative Option, Payable at redemption-Rs.1,291.77 – Tenor 3 years, for Category III & IV Investors – Cumulative Option |
| S3 | 8.80% Tenor 5 years, for Category I & II Investors – Annual Option, 9.00% Tenor 5 years, for Category III & IV Investors – Annual Option |
| S4 | 8.48% Tenor 5 years, for Category I & II Investors – Monthly Option, 8.66% Tenor 5 years, for Category III & IV Investors – Monthly Option |
| S5 | Payable at redemption-Rs.1,525.27 – Tenor 5 years, for Category I & II Investors – Cumulative Option, Payable at redemption-Rs.1,539.36 – Tenor 5 years, for Category III & IV Investors – Cumulative Option |
| S6 | 8.85% Tenor 8 years, for Category I & II Investors – Annual Option, 9.05% Tenor 8 years, for Category III & IV Investors -Annual Option |
