FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
Issue Open | December 16, 2019 |
Issue Close | December 17, 2019 |
Issue Size (Base) | ₹500.00 Crores |
Issue Size (Shelf) | ₹5,000.00 Crores |
Issue Price | ₹1000 per NCD |
Listing At | BSE, NSE |
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 First Come First Serve Basis.
Bid/Offer Opens On | December 16, 2019 |
Bid/Offer Closes On | December 17, 2019 |
Record Date | |
Deemed Date of Allotment |
� | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 |
---|---|---|---|---|---|---|
Frequency of Interest Payment | Monthly | NA | Monthly | Annually | Monthly | Annually |
Tenor | 36 Months | 36 Months | 36 Months | 60 Months | 60 Months | 84 Months |
Coupon Rate (Retail) for Category I & II | 8.25% | NA | 7.96% | 8.45% | 8.15% | 8.50% |
Coupon Rate (Retail) for Category III & IV | 8.45% | NA | 8.15% | 8.60% | 8.29% | 8.65% |
Amount on Maturity for Category I & II | Rs 1,000 | Rs 1,268.76 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 |
Amount on Maturityfor Category III & IV | Rs 1,000 | Rs 1,275.81 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 |
Note that the Shelf issue is an option to retain oversubscription up to shelf issue size over and above the base issue.
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 listing date is December 26, 2019.
The regular trading starts at 10 AM on listing day.
BSE and NSE allow pre-open trading on listing day. This 45 minutes session starts at 9 AM and ends at 9:45 AM. This session allows buyers and sellers to place/modify/cancel orders. The next 15 minutes are for price discovery and processing orders placed in the pre-open trading session.
The NCDs proposed to be issued under this Issue have been rated "CRISIL AAA/Stable" (pronounced as CRISIL triple A with Stable outlook) for an amount of Rs 5000 crores, by CRISIL Limited ("CRISIL") vide their letter dated November 14, 2019, CARE AAA / Stable (pronounced as CARE triple A with Stable Outlook) for an amount of Rs 5, 000 crores, by CARE Ratings Ltd. ("CARE") vide their letter dated November 15, 2019 and IND AAA / Stable (pronounced as IND triple A with Stable outlook) for an amount of Rs 5,000 crores, by India Ratings and Research Private Limited ("India Ratings") vide their letter dated November 18, 2019.
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|