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L&T Finance NCD Dec 2019 vs Tata Capital Housing NCD Jan 2020

Comparision between L&T Finance NCD Dec 2019 and Tata Capital Housing NCD Jan 2020.

NCD Details

L&T Finance NCD Dec 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Tata Capital Housing NCD Jan 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.

  L&T Finance Ltd Tata Capital Housing Finance Ltd
Logo L&T Finance NCD Dec 2019 Logo Tata Capital Housing NCD Jan 2020 Logo
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Listing at BSE, NSE BSE, NSE
Basis of Allotment First Come First Serve Basis First Come First Serve Basis
DRHP (Base) DRHP
RHP (Base) RHP
DRHP (Shelf) DRHP (Shelf)
RHP (Shelf) RHP (Shelf)
NCD Rating

The NCDs proposed to be issued under this Issue have been rated "CRISIL AAA/Stable" (pronounced as CRISIL triple A with Stable outlook) for an amount of Rs 5000 crores, by CRISIL Limited ("CRISIL") vide their letter dated November 14, 2019, CARE AAA / Stable (pronounced as CARE triple A with Stable Outlook) for an amount of Rs 5, 000 crores, by CARE Ratings Ltd. ("CARE") vide their letter dated November 15, 2019 and IND AAA / Stable (pronounced as IND triple A with Stable outlook) for an amount of Rs 5,000 crores, by India Ratings and Research Private Limited ("India Ratings") vide their letter dated November 18, 2019.

The NCDs proposed to be issued pursuant to this Issue have been rated "CRISIL AAA/Stable" by CRISIL for an amount of up to Rs 5,00,000 lakh and have been rated "[ICRA] AAA (stable)" by ICRA for an amount of up to Rs 5,00,000 lakh. The rating of the NCDs by ICRA indicates highest degree of safety regarding timely servicing of financial obligations.

Registrar Link Intime India Private Ltd Kfin Technologies Limited
Lead Managers A.K. Capital Services Limited

Edelweiss Financial Services Ltd

Jm Financial Limited

Trust Investment Advisors Private Limited
A.K. Capital Services Limited

Edelweiss Financial Services Ltd
Debenture Trusties
NRI Allowed No No
Allotment Link Allotment Link

Issue Size and Price and Other Details

Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. L&T Finance NCD Dec 2019 issue size is ₹500.00 Cr at an issue price of ₹1,000.00 per NCD. Tata Capital Housing NCD Jan 2020 issue size is ₹500.00 Cr at a issue price of ₹1,000.00 per NCD.

  L&T Finance Ltd Tata Capital Housing Finance Ltd
Issue Size (Base) ₹500.00 Cr ₹500.00 Cr
Issue Size (Shelf) ₹5,000.00 Cr ₹5,000.00 Cr
Issue Price ₹1,000.00 per NCD ₹1,000.00 per NCD
Face Value ₹1,000.00 per NCD ₹1,000.00 per NCD
Minimum Lot size 10 NCD 10 NCD
Market Lot 1 NCD 1 NCD
Credit Rating CRISIL AAA/Stable, CARE AAA/Stable, IND AAA/Stable CRISIL AAA/ Stable, ICRA AAA/ stable
Tenor 36 months/ 60 months/ 84 months 36 months/ 60 months/ 96 months/ 120 months
Series

Series I to Series VI

Series I to Series VI

Payment Frequency Monthly, Annual and Cumulative Monthly and Annual
Coupon Incentive

NCD Timetable

Offering period of L&T Finance NCD Dec 2019 and Tata Capital Housing NCD Jan 2020 is mentioned.

  L&T Finance Ltd Tata Capital Housing Finance Ltd
Bid/Offer Opens On Dec 16, 2019 Jan 07, 2020
Bid/Offer Closes On Dec 17, 2019 Jan 08, 2020

Shares Offered to Different Investor Category

In L&T Finance NCD Dec 2019 QIBs portion includes and offered are offered to retail investors. In Tata Capital Housing NCD Jan 2020 QIBs portion includes and offered are offered to retail investors.

  L&T Finance Ltd Tata Capital Housing Finance Ltd
Institutional
Non Institutional
HNI
Retail
Others
Total 50,00,000 shares 50,00,000 shares

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