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

Feb 1, 2021 - Feb 15, 2021
L&T Finance Holdings Limited Logo

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 Open Feb 1, 2021 - Feb 15, 2021
Security Name L&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 Lot 1 per share
Listing At BSE, NSE
Terms of Payment The full amount of Rs.65 per Rights Equity Share is payable on Application.
Entitlement 17 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 On Feb 1, 2021
Bid/Offer Closes On Feb 15, 2021
Record Date Jan 22, 2021
Deemed Date of Allotment Feb 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

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

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

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

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).

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

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.

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

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.

53 Comments

53. Paras Pravin Gala  Mar 10, 2021 16:55
I had applied for the rights share at the Market price of INR 24 and received the same. But now i don't see any trading being done for these shares. When will this get converted to fully paid shares and when will the trading commence for this.
52. Rahul Pareek  Feb 25, 2021 09:19
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??
52.4. Rahul Pareek  Feb 26, 2021 21:25
I still don't have the shares showing in holdings. Please let me know if anyone has got the shares in demat (Zerodha).
52.5. N.Ajmera  Mar 3, 2021 19:26
It is not yet credited but Linkintime status says 500 shares allotted. Any idea where should I check it. Will it be added to existing number of shares ?
51. N.Ajmera  Mar 3, 2021 19:25
Still the shares are not credited in hdfc Dmat account. While on linkintime it is showing alloted and amount adjusted. Will it be added to existing number of shares or where should I check it. Pls help!
50. kamleshkumar a patel  Feb 26, 2021 12:42
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
49. Santosh Dekate  Feb 26, 2021 11:18
Whether we are allowed to sale the Right issue now? or there is any locking period for the allotted share
48. KundanDhairya  Feb 26, 2021 08:06
Shares are not credited to my accounts till date , payment and allotments show successful great experience with such a big organization
47. rajs.rams  Feb 24, 2021 13:37
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.
46. mnmehta  Feb 24, 2021 13:27
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.
45. mnmehta  Feb 24, 2021 13:16
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.
44. Krishna M.G  Feb 24, 2021 11:16
The amount deducted from the bank, will give the info about the allotment.
43. Rahul Mamtora  Feb 24, 2021 10:02
Please Help!!! Where can I check the allotment status. Thanks!
42. RAJUTRY  Feb 24, 2021 07:34
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
41. Rahul Mamtora  Feb 23, 2021 18:52
Where can I check the allotment status
40. Vikas Baranwal  Feb 23, 2021 17:21
Please check for Pan no. APWPB6384B. Thanks
39. Santosh Bibhishan Dhas  Feb 15, 2021 17:03
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?
39.3. Santosh Bibhishan Dhas  Feb 23, 2021 12:30
When will I get refund if shares not alloted to me?
39.4. Ranga  Feb 23, 2021 15:41
ASBA is already released
38. YOGESH BARBHAYA  Feb 23, 2021 12:13
allotted 1000 shares entitled for 735 applied 1000 shares
37. Santjyo  Feb 23, 2021 09:06
Applied 500 shares against 114 . Alloted 247 shares....
37.2. Santjyo  Feb 23, 2021 10:55
Amount debited from HDFCBANK,
37.3. Susheel  Feb 23, 2021 12:09
I have paid upfront amount @65 per share to link intime by net banking on 3rd Feb
36. YOGESH BARBHAYA  Feb 23, 2021 12:05
applied for 1000 shares entitled for 735 issued 1000 shares
35. YOGESH BARBHAYA  Feb 23, 2021 12:04
applied for 1000 shares entitled for 735 issued 1000 shares
34. INVESTIGATOR  Feb 23, 2021 11:52
Applied 1000 shares against entitlement of 503 shares .., Full Amount 65000/- debited