L&T Finance Ltd launched Public Issue of Secured redeemable Non-Convertible Debentures , Base issue size of 500 Cr with an option to retain over subscription up to the 1000 Cr aggregating up to 1500 Cr. (Tranche I Issue Limit) . Issue open from 16 Dec 2019 and issue close on 30 Dec 2019 (Early Close 17 Dec 2019). The company has come with attractive interest rates between 8.45% and 8.65% for retail investor.
About Issue: L&T Financial Ltd is a non-banking financial service company. It is a part of L&T group which started financial services business in 1994. L&T Financial Ltd works in the three main segments which are wholesale, rural and housing.
[ws_table id=”911″]
Specific Term of Issue – [ws_table id=”912″]
- Advertisement -
Company Website Link
Review / Recommendation
- The Company has good fundamentals.
- Investor who are looking something more than FD can surely good to invest in this NCD.
- Invest small portion & short period in any NCD issue through company financial are strong.
L&T Finance Ltd – Issue Subscription Data – Dt- 16-12-2019
Category | Issue Size | Subscribe | Unsubscribe | No of Times |
Cat – I | 150 Cr | 20.03 Cr | 129.97 Cr | 0.13 |
Cat – II | 150 Cr | 55.52 Cr | 94.48 Cr | 0.37 |
Cat – III | 525 Cr | 593.71 Cr | – 68.71 Cr | 1.13 |
Cat – IV | 675 Cr | 531.26 Cr | 143.74 Cr | 0.79 |
Total | 1500 Cr | 1200.52 Cr | —- | 0.80 |
L&T Finance Ltd – Issue Subscription data
L&T Finance Ltd NCD Issue Allotment & Listing details :
Registrar Link Intime- Allotment Link
For Investment & any query , Kindly Write to us at
Call Rajendra 7719917444