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L&T Finance Ltd. NCD April 2019 Detail
Issue Open Apr 8, 2019
Issue Close Apr 9, 2019
Issue Size (Base) ₹500.00 Crores
Issue Size (Shelf) ₹500.00 Crores
Issue Price ₹1000 per NCD
Listing At BSE, NSE

L&T Finance Ltd. NCD April 2019 Date & Price

The L&T Finance Ltd. NCD April 2019 issue opens on Apr 8, 2019, and closes on Apr 9, 2019, for the subscription.

Note that the public issue of NCD is closed early in case it is fully subscribed (base + shelf) before its issue closing day.The allotment is done on a Priority Basis.

L&T Finance Ltd. NCD IPO dates are as below:

L&T Finance Ltd. NCD April 2019 Issue Timetable

Bid/Offer Opens OnApr 8, 2019
Bid/Offer Closes OnApr 9, 2019
Record Date
Deemed Date of Allotment

Sorry, L&T Finance Ltd. NCD April 2019 DRHP PDF Document is not available at this time.

L&T Finance Ltd. NCD April 2019 Red Herring Prospectus (RHP) PDF

L&T Finance Ltd. NCD April 2019 price is set at ₹1000 per NCD.

The NCD's will be issued at a face value of ₹1000 each NCD.

The frequency of payment for L&T Finance Ltd. NCD April 2019 is Monthly, Annual and Cumulative.

Each application should be for a minimum of 10 NCD's and multiples of 1 NCD thereof.

L&T Finance Ltd. NCD April 2019 remain open for subscription on working days from 10:00 a.m. to 5:00 p.m until Apr 9, 2019. The bid may close earlier in case it is fully subscribed.

Coupon Rates for Eash Series

  Series 1 Series 2 Series 3 Series 4 Series 5 Series 6
Frequency of Interest Payment Annually NA Annually Monthly Annually Monthly
Tenor 37 months 37 months 60 months 60 months 120 months 120 months
Coupon Rate (Retail) For Category I & II/ for III & IV 9.00%/9.10% NA 9.10%/9.25% 8.75%/8.89% 9.20%/9.35% 8.84%/8.98%
Amount on Maturity For Category I & II/ for III & IV Rs 1,000 Rs 1,304.93/Rs 1,308.64 Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000

The NCD's have a fixed maturity date. The date of maturity of the NCD's is 37 months/60 months/ 120 months/.

L&T Finance Ltd. NCD April 2019 Issue Size and Subscription Status

The L&T Finance Ltd. NCD April 2019 consist of a base issue and a shelf issue.

  • NCD Base Issue Size: ₹500.00 Crores
  • NCD Shelf Issue Size: ₹500.00 Crores

Note that the Shelf issue is an option to retain oversubscription up to shelf issue size over and above the base issue.

Sorry, The number of shares offered in L&T Finance Ltd. NCD April 2019 is not available at this time. Please revisit us for latest updates.

No, NRI's are not eligible to apply in this Issue.

The following categories of persons, and entities, shall not be eligible to participate in the Issue: (a) Minors without a guardian name* (A guardian may apply on behalf of a minor. However, Applications by minors must be made through Application Forms that contain the names of both the minor Applicant and the guardian); (b) Foreign nationals, NRI inter-alia including any NRIs who are (i) based in the USA, and/or, (ii) domiciled in the USA, and/or, (iii) residents/citizens of the USA, and/or, (iv) subject to any taxation laws of the USA; (c) Persons resident outside India and other foreign entities; (d) Foreign Institutional Investors; (e) Foreign Portfolio Investors; (f) Qualified Foreign Investors; (g) Overseas Corporate Bodies; and (h) Persons ineligible to contract under applicable statutory/regulatory requirements.

You could check L&T Finance Ltd. NCD Grey Market Premium (GMP Rate) by visiting our Grey Market Price (Message Board).

Note that there is no official source of GMP Rate as they are over-the-counter transactions.

L&T Finance Ltd. NCD April 2019 Allotment and Listing

The NCD's are proposed to be listed on BSE, NSE.

Applicants are allocated NCD's on a Priority Basis.

Click here to check L&T Finance Ltd. Allotment Status.

The L&T Finance Ltd. NCD listing data are not available. The date is published by the exchange a couple of days before the NCD listing.

It is hard to say at what price L&T Finance Ltd. NCD April 2019 NCD's will list. The price varies by the demand and supply of NCD on the day of listing.

L&T Finance Ltd. NCD - Should I apply?

The NCDs proposed to be issued under this Issue have been rated '[ICRA] AAA (stable) (pronounced as ICRA triple A with Stable outlook)' for an amount of ? 5,00,000 lakhs, by ICRA Limited ("ICRA") vide their letter dated December 21, 2018 and revalidated vide revalidation letter dated February 1, 2019 and further revalidated by a revalidation letter dated February 20, 2019, CARE AAA / Stable (pronounced as CARE triple A with Stable Outlook) for an amount of ? 5,00,000 lakhs, by CARE Ratings Ltd. ("CARE") vide their letter dated December 28, 2018 and revalidated vide revalidation letter dated January 31, 2019 and further revalidated by a revalidation letter dated February 20, 2019 and IND AAA / Stable (pronounced as IND triple A with Stable outlook) for an amount of ? 5,00,000 lakhs, by India Ratings and Research Private Limited ("India Ratings") vide their letter dated December 31, 2018 and revalidated vide revalidation letter dated January 31, 2019 and further revalidated by a revalidation letter dated February 20, 2019.

Sorry, we do not provide NCD recommendations. But we share a lot of information about L&T Finance Ltd. NCD April 2019 which could help you with questions like L&T Finance Ltd. NCD April 2019 buy or not? You should also read L&T Finance Ltd. NCD April 2019 Analysis from experts and check the daily subscription status.

It depends on many factors like company financials, segment outlook, market situation, issue pricing, the background of promoters, lead managers performance, company strengths, risks and oversubscription. You should read the prospectus document, NCD Analysis from experts and follow the subscriptions before you make the decision to apply in an NCD public Issue.

L&T Finance Ltd. NCD listing day gains are unpredictable as depends on many factors on the day listing. It depends on factors like the demand, the market situation on the day of listing, NCD Issue size etc.