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L&T Finance NCD Dec 2019 Detail
Issue Open Dec 16, 2019
Issue Close Dec 17, 2019
Issue Size (Base) ₹500.00 Crores
Issue Size (Shelf) ₹5,000.00 Crores
Issue Price ₹1000 per NCD
Listing At BSE, NSE

L&T Finance NCD Dec 2019 Date & Price

The L&T Finance NCD Dec 2019 issue opens on Dec 16, 2019, and closes on Dec 17, 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 First Come First Serve Basis.

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

L&T Finance NCD Dec 2019 Issue Timetable

Bid/Offer Opens OnDec 16, 2019
Bid/Offer Closes OnDec 17, 2019
Record Date
Deemed Date of Allotment

L&T Finance NCD Dec 2019 Draft Red Herring Prospectus (DRHP) PDF

Sorry, L&T Finance NCD Dec 2019 Red Herring Prospectus is not available at this time.

L&T Finance NCD Dec 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 NCD Dec 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 NCD Dec 2019 remain open for subscription on working days from 10:00 a.m. to 5:00 p.m until Dec 17, 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 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

The NCD's have a fixed maturity date. The date of maturity of the NCD's is 36 months/ 60 months/ 84 months.

L&T Finance NCD Dec 2019 Issue Size and Subscription Status

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

  • NCD Base Issue Size: ₹500.00 Crores
  • NCD Shelf Issue Size: ₹5,000.00 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 NCD Dec 2019 is not available at this time. Please revisit us for latest updates.

No, NRI's are not eligible to apply in this 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 NCD Dec 2019 Allotment and Listing

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

Applicants are allocated NCD's on a First Come First Serve Basis.

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

L&T Finance Ltd listing date is Dec 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.

It is hard to say at what price L&T Finance NCD Dec 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 "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.

Sorry, we do not provide NCD recommendations. But we share a lot of information about L&T Finance NCD Dec 2019 which could help you with questions like L&T Finance NCD Dec 2019 buy or not? You should also read L&T Finance NCD Dec 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.