L&T Finance NCD - December 2019 details - Indian IPO Blog

Tuesday, December 17, 2019

L&T Finance NCD - December 2019 details

Company background:
L&T Finance Limited provides consumer financial products and services. The Company provides auto, two wheeler, and loyalty financial loans, as well as real estate finance and wealth management services. L&T Finance serves clients in India.

Issue dates and price:
πŸ‘‰πŸ»Period: Dec 16 to Dec 17* (Original date of closure: Dec 30)
πŸ‘‰πŸ»FV/Issue price: Rs.1000
πŸ‘‰πŸ»Min Appl: 10 NCD (Rs.10k)

Issue size and allocation:
πŸ‘‰πŸ» Base issue of Rs.500 crores with an option to retain over-subscription upto Rs.1000 crores over and above that
πŸ‘‰πŸ»Allocation: 
Institutional: 10%
NII: 10%
HNI: 35%
Retail: 45%
πŸ‘‰πŸ»Allotment will be on First come First serve basis

Tenor & Interest Rates:
πŸ‘‰πŸ» Tenor options: 36M and 60M
πŸ‘‰πŸ» Int Rates between 7.96% to 8.60%

Click here to get started and invest now:
https://zfrmz.com/ktSX2ID3E96oquGbLJNC

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