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L&T Finance NCD March 2019 Detail
Issue Open Mar 6, 2019
Issue Close Mar 7, 2019
Issue Size (Base) ₹500.00 Crores
Issue Size (Shelf) ₹1,000.00 Crores
Issue Price ₹1000 per NCD
Listing At BSE, NSE

L&T Finance NCD March 2019 Date & Price

The L&T Finance NCD March 2019 issue opens on Mar 6, 2019, and closes on Mar 7, 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 Limited NCD IPO dates are as below:

L&T Finance NCD March 2019 Issue Timetable

Bid/Offer Opens OnMar 6, 2019
Bid/Offer Closes OnMar 7, 2019
Record Date
Deemed Date of AllotmentMar 27, 2019

L&T Finance NCD March 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 March 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 March 2019 remain open for subscription on working days from 10:00 a.m. to 5:00 p.m until Mar 7, 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) 9.10% NA 9.25% 8.89% 9.35% 8.98%
Amount on Maturity Rs 1,000 Rs 1,304.93 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 and 120 months.

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

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

  • NCD Base Issue Size: ₹500.00 Crores
  • NCD Shelf Issue Size: ₹1,000.00 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 March 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 and any Applications from such persons and entities are liable to be rejected: (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 Limited 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 March 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 Limited Allotment Status.

The L&T Finance Limited 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 NCD March 2019 NCD's will list. The price varies by the demand and supply of NCD on the day of listing.

L&T Finance Limited 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 Rs 5,00,000 lakhs, by ICRA Limited ("ICRA"), CARE AAA / Stable (pronounced as CARE triple-A with Stable Outlook) for an amount of Rs 5,00,000 lakhs, by CARE Ratings Ltd. ("CARE") and IND AAA / Stable (pronounced as IND triple-A with Stable outlook) for an amount of Rs 5,00,000 lakhs, by India Ratings and Research Private Limited ("India Ratings"). The rating of NCDs by ICRA, CARE and India Ratings indicate that instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations and carry lowest credit risk.

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