L&T Finance Holdings Limited Rights Issue (L&T Finance Rights Issue) Detail

Feb 1, 2021 - Feb 15, 2021

Incorporated in 2008, L&T Finance Holdings Limited is an RBI registered non-banking financial company – a core investment company (“NBFC-CIC”). It conducts its financial services businesses through various subsidiaries. L&T Financial Services is the brand name of L&T Finance Holdings Ltd. and one of the leading private sector non-banking financial services companies in India.

L&T Finance is backed by a strong promoter, Larsen & Toubro Limited (“L&T”) that is one of the leading business conglomerates in India, with a presence across various sectors like infrastructure, power, heavy engineering, electrical and automation, IT, and technology services, financial services, power development, realty, shipbuilding, construction, mining, industrial machinery and much more. The company has classified its business across four areas: Rural Finance, Housing Finance, Infrastructure Finance, and Investment Management.

As of 30th September 2020, L&T Finance is spread across 21 states and one union territory and has 206 branches in 199 cities. The company.

Company Strengths:

• Significant presence across diversified businesses like Rural finance, Housing finance, Infrastructure Finance, and Investment Management.
• Market leadership as a financier across various products.
• Strong digital and analytics infrastructure
• A strong risk management framework
• Strong liability profile.
• Strong parentage of L&T.
• The experienced and professional management team.

Company Strategies:

• Maintain leadership in areas with an established presence and penetrate into newer areas.
• Enhance technology systems and data analytics as a competitive advantage.
• Emphasize on net interest margin and fee income to deliver improved performance metrics
• Continued focused on Asset Liability Management and strengthen liability profile.
• Focus on cost reduction and improving cost-efficiency.
• Increasing contribution from food, FMCG industry, and IML products.

L&T Finance Rights Issue Detail

Issue OpenFeb 1, 2021 - Feb 15, 2021
Security NameL&T Finance Holdings Limited
Issue Size (Shares)46.13 Crores
Issue Size (Amount)₹2,998.61 Crores
Issue Price₹65 per share
Face Value₹10 per share
Minimum Lot size
Market Lot1 per share
Listing AtBSE, NSE
Terms of PaymentThe full amount of Rs.65 per Rights Equity Share is payable on Application.
Entitlement17 Equity Share for every 74 Fully Paid-up Equity Shares held on the Record Date

L&T Finance Rights Issue Issue Timetable

Bid/Offer Opens OnFeb 1, 2021
Bid/Offer Closes OnFeb 15, 2021
Record DateJan 22, 2021
Deemed Date of AllotmentFeb 23, 2021
Renunciation of Rights Entitlements

Company Financials

Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Crores)
31-Dec-20 (Un-audited) 31-Mar-20 31-Mar-19
Total Revenue 10,298.59 14,175.50 12,989.72
Profit After Tax 682.91 1,700.26 2,232.03
Total Assets 1,10,510.01 1,09,529.02 1,06,055.10

Objects of the Issue:

The Net Proceeds from the Issue are proposed to be utilized:
1. To repay partial commercial papers issued by the Company and its Subsidiaries.
2. To redeem preference shares issued by the Company; and
3. For general corporate purposes.

L&T Finance Rights Issue Documents

L&T Finance Rights Issue Rating

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L&T Finance Rights Issue Reviews

Company Contact Information

L&T Finance Holdings Limited
Brindavan, Plot No.177,
C.S.T Road, Kalina, Santacruz (East),
Mumbai 400 098

Phone: +91 22 6212 5000
Email: igrc@ltfs.com
Website: https://www.ltfs.com/

L&T Finance Rights Issue FAQs

  1. When is L&T Finance Rights Issue coming?

    The L&T Finance Rights Issue opens on Feb 1, 2021, and closes on Feb 15, 2021.

  2. What is the schedule for L&T Finance Rights Issue?

    L&T Finance Rights Issue Schedule

    Last Date for credit of Rights Entitlements[.]
    Last Date for renunciation of Rights Entitlements
    Issue Opening DateFeb 1, 2021
    Issue Closing DateFeb 15, 2021
    Date of Allotment (on or about)Feb 23, 2021
    Date of Credit (on or about)Feb 24, 2021
    Date of Listing (on or about)Feb 26, 2021
  3. What is the issue price for L&T Finance Rights Issue?

    L&T Finance Rights Issue price is set at ₹65 per share per equity share.

  4. In what ratio is the L&T Finance Rights Issue offered?

    The eligible shareholders are being offered 17 Equity Share for every 74 Fully Paid-up Equity Shares held on the Record Date (Jan 22, 2021).

  5. What is the record date for L&T Finance Rights Issue?

    The record date for the L&T Finance Rights Issue is Jan 22, 2021.

  6. What is the issue size of L&T Finance Rights Issue?

    The issue size of L&T Finance Rights Issue is of 46.13 Crores equity shares at ₹65 per share aggregating upto ₹2,998.61 Crores.

  7. Where can I get the Letter of Offer for L&T Finance Rights Issue?

    The Letter of Offer for L&T Finance Rights Issue can be download here.

  8. How to apply for L&T Finance Rights Issue?

    You can apply for L&T Finance Rights Issue in two ways:

    1. Net Banking (ASBA)
    2. Registrar's Website (R-WAP Facility)

    Steps to apply for L&T Finance Rights Issue using Net Banking (ASBA)

    1. Log in to the net banking account of your bank.
    2. Go to the 'IPO & Rights Issue' section.
    3. Check if the L&T Finance Rights Issue available on the list.
    4. Click the Apply button next to the L&T Finance Rights Issue.
    5. Fill and check your information.
    6. Submit the application.

    Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

    Steps to apply for L&T Finance Rights Issue using Registrar's website (R-WAP)

    1. Visit registrar's website
    2. Go to the 'Rights Issue' section
    3. Select L&T Finance Rights Issue from the dropdown.
    4. Enter Demat Account Number.
    5. Fill the online application form.
    6. Validate and submit the application.

51 Comments

Rahul Pareek
51. Rahul Pareek  Feb 25, 2021 10:19 I Like It. | Report Abuse Reply 0
Hello everyone! New to the website. I had applied for the rights issue and was allotted. The linktime website says shares have been credited to account, but the same is not reflecting in my zerodha demat. Any help/suggestions??
KundanDhairya
51.3. KundanDhairya  Feb 26, 2021 09:07 I Like It. | Report Abuse 0
Same with many more me too
Rahul Pareek
51.4. Rahul Pareek  Feb 26, 2021 22:25 I Like It. | Report Abuse 0
I still don't have the shares showing in holdings. Please let me know if anyone has got the shares in demat (Zerodha).
kamleshkumar a patel
50. kamleshkumar a patel  Feb 26, 2021 13:42 I Like It. | Report Abuse Reply 0
Sir, I Had purchase of L & T Finance Right Issue direct from market 150 qty, but as on date no trade seen, what i do
Santosh Dekate
49. Santosh Dekate  Feb 26, 2021 12:18 I Like It. | Report Abuse Reply 0
Whether we are allowed to sale the Right issue now? or there is any locking period for the allotted share
KundanDhairya
48. KundanDhairya  Feb 26, 2021 09:06 I Like It. | Report Abuse Reply 0
Shares are not credited to my accounts till date , payment and allotments show successful great experience with such a big organization
rajs.rams
47. rajs.rams  Feb 24, 2021 14:37 I Like It. | Report Abuse Reply 0
Allotment for L&T FH rights issue out now. check here
https://web.linkintime.co.in/RIGHTSISSUE/rightsissues-chkApp.html

And yes. Just dont believe whatever others say.
mnmehta
46. mnmehta  Feb 24, 2021 14:27 I Like It. | Report Abuse Reply 0
I called their phone number 022-49186300 and gave them my pan card number and they confirmed my allotment. They said the shares will be credited to the dmat a/c by today evening.
mnmehta
45. mnmehta  Feb 24, 2021 14:16 I Like It. | Report Abuse Reply 0
I had applied for linkintime site - paid the amount of approx Rs 3000/-

https://web.linkintime.co.in/RIGHTSISSUE/rightsissues-chkApp.html

The list does not show L&TFH . Any body knows when the allotment is going to be out.
Krishna M.G
44. Krishna M.G  Feb 24, 2021 12:16 I Like It. | Report Abuse Reply 0
The amount deducted from the bank, will give the info about the allotment.
Rahul Mamtora
43. Rahul Mamtora  Feb 24, 2021 11:02 I Like It. | Report Abuse Reply 0
Please Help!!! Where can I check the allotment status. Thanks!
RAJUTRY
42. RAJUTRY  Feb 24, 2021 08:34 I Like It. | Report Abuse Reply 0
Hai I had applied thro the R-wap registrar portal. entitlement 22. applied 3000. But today the registrar site shows application not recd. But I have got the ack from them. What to do? Pl guide
Rahul Mamtora
41. Rahul Mamtora  Feb 23, 2021 19:52 I Like It. | Report Abuse Reply 0
Where can I check the allotment status
Vikas Baranwal
40. Vikas Baranwal  Feb 23, 2021 18:21 I Like It. | Report Abuse Reply 0
Please check for Pan no. APWPB6384B. Thanks
Santosh Bibhishan Dhas
39. Santosh Bibhishan Dhas  Feb 15, 2021 18:03 I Like It. | Report Abuse Reply 0
L&T RE ratio is 17:74
But what if I bought over and above my entitlement, my entitlement was only 1 and applied for 200 shares.. also amount got debited from bank @ Rs. 65 per share. Can this shares get credited to my Dmat account, if yes then when?
Santosh Bibhishan Dhas
39.3. Santosh Bibhishan Dhas  Feb 23, 2021 13:30 I Like It. | Report Abuse 0
When will I get refund if shares not alloted to me?
Ranga
39.4. Ranga  Feb 23, 2021 16:41 I Like It. | Report Abuse 0
ASBA is already released
YOGESH BARBHAYA
38. YOGESH BARBHAYA  Feb 23, 2021 13:13 I Like It. | Report Abuse Reply 0
allotted 1000 shares entitled for 735 applied 1000 shares
Santjyo
37. Santjyo  Feb 23, 2021 10:06 I Like It. | Report Abuse Reply 0
Applied 500 shares against 114 . Alloted 247 shares....
Santjyo
37.2. Santjyo  Feb 23, 2021 11:55 I Like It. | Report Abuse 0
Amount debited from HDFCBANK,
Susheel
37.3. Susheel  Feb 23, 2021 13:09 I Like It. 1 | Report Abuse 0
I have paid upfront amount @65 per share to link intime by net banking on 3rd Feb
YOGESH BARBHAYA
36. YOGESH BARBHAYA  Feb 23, 2021 13:05 I Like It. | Report Abuse Reply 0
applied for 1000 shares entitled for 735 issued 1000 shares
YOGESH BARBHAYA
35. YOGESH BARBHAYA  Feb 23, 2021 13:04 I Like It. | Report Abuse Reply 0
applied for 1000 shares entitled for 735 issued 1000 shares
INVESTIGATOR
34. INVESTIGATOR  Feb 23, 2021 12:52 I Like It. | Report Abuse Reply 0
Applied 1000 shares against entitlement of 503 shares .., Full Amount 65000/- debited
Mcube
33. Mcube  Feb 23, 2021 12:13 I Like It. | Report Abuse Reply 0
Almost 95%extra shares allotted if you have applied more
Manish Lal
32. Manish Lal  Feb 23, 2021 12:06 I Like It. | Report Abuse Reply 0
Applied 1500 shares against 672 shares entitlement.... No alltment received








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