L&T Finance NCD Dec 2019

NCD DetailSubscriptionAllotment status
L&T Finance NCD Dec 2019

L&T Finance NCD Dec 2019 description – L&T Finance is a leading non-banking financial services company in India. The company is part of the larger L&T group which entered into the financial services business in 1994. L&T Finance organizes its operations in three businesses:

Rural business – It comprises of farm equipment finance, two-wheeler finance and micro loans. As of 30 September 2019, its total adjusted loans and advances under our rural business were INR26,596.52 crores, with INR7,747.22 crores, INR6,008.77crores and INR12,840.53 crores of adjusted loans and advances under farm equipment finance, two-wheeler finance and micro loans businesses, respectively.

Wholesale business – The company offers structured corporate finance and debt capital markets businesses but these have been marked defocused now. As of 30 September 2019, its total adjusted loans and advances under wholesale business only comprise of infrastructure finance assets of INR7,227.35 crores.

Housing business – The business line comprises of loans against property and real estate finance. As of 30 September 2019, total adjusted total loans and advances under the housing business were INR11,258.21 crores.

The company’s operations are spread throughout India and it has 216 branches in 211 cities across 21 states and 2 union territories. In addition, it has 1337 meeting centre covering 310 districts across 16 states in India for its micro loans business. It has 22,090 employees as of 30 September 2019.

Promoters of L&T Finance Limited – L&T Finance Holdings Limited

L&T Finance NCD Dec 2019 details

Subscription Dates16 – 17 December 2019
Security TypeSecured, Redeemable, Non-Convertible Debentures
Face ValueINR1,000  per NCD
Issue Price INR1,000 per NCD
Issue Size (base)INR500 crore
Issue Size (including oversubscription)INR1,500 crore
Minimum Lot size10 NCDs
Market Lot1 NCD
Tenor36 months

60 months

84 months
Credit RatingCRISIL AAA/Stable


IND AAA/Stable
Category ReservationCategory 1 (QIB): 10%

Category 2 (NII): 10%

Category 3 (HNI): 35%

Category 4 (RII): 45%
Basis of AllotmentFirst Come First Serve
Listing OnBSE, NSE

L&T Finance NCD Dec 2019 – Options and Coupon Rates

OptionTenureInterest PaymentCoupon Rate /Effective YieldMaturity Amount
Series 136 monthsAnnually8.45%INR1,000
Series 236 monthsCumulative8.45%*INR1,275
Series 336 monthsMonthly8.15%INR1,000
Series 460 monthsAnnually8.60%INR1,000
Series 560 monthsAnnually8.29%INR1,000
Series 684 monthsAnnually8.65%INR1,000

* represent effective yield as there is no coupon rate

Registrar of L&T Finance NCD 

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website: http://www.linkintime.co.in

L&T Finance Contact Details

L&T Finance Limited
Brindavan, Plot No. 177
C.S.T. Road, Kalina
Santacruz (East), Mumbai – 400098
Phone: +91 22 6212 5000
[email protected]
Website: www.ltfs.com


Please enter your comment!
Please enter your name here