Zerodha (Trading Account)
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Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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| Issue Open | December 16, 2019 |
| Issue Close | December 17, 2019 |
| Issue Size (Base) | ₹500.00 Crores |
| Issue Size (Shelf) | ₹5,000.00 Crores |
| Issue Price | ₹1000 per NCD |
| Listing At | BSE, NSE |
Note that the public issue of NCD is closed early in case it is fully subscribed (base + shelf) before its issue closing day.The allotment is done on a First Come First Serve Basis.
| Bid/Offer Opens On | December 16, 2019 |
| Bid/Offer Closes On | December 17, 2019 |
| Record Date | |
| Deemed Date of Allotment |
| Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | |
|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | NA | Monthly | Annually | Monthly | Annually |
| Tenor | 36 Months | 36 Months | 36 Months | 60 Months | 60 Months | 84 Months |
| Coupon Rate (Retail) for Category I & II | 8.25% | NA | 7.96% | 8.45% | 8.15% | 8.50% |
| Coupon Rate (Retail) for Category III & IV | 8.45% | NA | 8.15% | 8.60% | 8.29% | 8.65% |
| Amount on Maturity for Category I & II | Rs 1,000 | Rs 1,268.76 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 |
| Amount on Maturityfor Category III & IV | Rs 1,000 | Rs 1,275.81 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 |
Note that the Shelf issue is an option to retain oversubscription up to shelf issue size over and above the base issue.
You could check L&T Finance Ltd NCD Grey Market Premium (GMP Rate) by visiting our Grey Market Price (Message Board).
Note that there is no official source of GMP Rate as they are over-the-counter transactions.
L&T Finance Ltd listing date is December 26, 2019.
The regular trading starts at 10 AM on listing day.
BSE and NSE allow pre-open trading on listing day. This 45 minutes session starts at 9 AM and ends at 9:45 AM. This session allows buyers and sellers to place/modify/cancel orders. The next 15 minutes are for price discovery and processing orders placed in the pre-open trading session.
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.
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