L&T Infra Public_Issue
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L&T INFRASTRUCTURE FINANCE COMPANY LIMITED Public Issue of Long Term Infrastructure Bonds in the Nature of Secured, Redeemable and Non-Convertible Debentures COMPANY OVERVIEW: L&T Infrastructure Finance Company Limited, a 100% subsidiary of L&T Finance Holdings Limited, was incorporated on April 18, 2006 and is registered with the RBI as a systemically important non deposit taking NBFC and an Infrastructure Finance Company (IFC) The Business of the company is primarily to provide financial products and services for customers engaged in infrastructure development and constructi on, with a focus on the power, roads, telecommunications, oil and gas and ports sectors in India BENEFITS OF INVESTING IN THE LONG TERM INFRA BOND: The Bonds are issued under the terms of Section 80 CCF of the Income Tax Act, 1961 which offer tax deduction of up to Rs. 20,000 The deduction with the investment in these bonds is over and above the tax deduction of Rs. 1,00,000 available under Section 80 C, 80 CCC and 80 CCD read with Section 80 CCE Investors can pledge or create lien on or hypothecate these bonds to avail loans from Scheduled Commercial Banks, after the lock-in period The Bonds can be held in Physical or Dematerialized form FEATURES OF THE ISSUE: RATING: The Bonds have been rated ‘ CARE AA+’ by CARE and ` LAA+’ by ICRA ELIGIBLE INVESTORS: Resident Individuals and HUF ISSUE STRUCTURE: Issue size: Rs. 200 crore with an option to retain an oversubscription of up to Rs. 500 crore Listing: On National Stock Exchange of India Limited (NSE) Face Value of each Bond: Rs. 1,000 Minimum Application: Five (5) Bonds and in multiples of one (1) Bond thereafter Form: Can be held in Physical or Dematerialized form Form for Trading: Bonds can traded on the NSE in dematerialized form only after the Lock-in Market Lot: Multiples of one (1) Bond Lock-in period: 5 years from the Date of Allotment • The Investors can exit the holding after the lock-in period, either through the Buyback facility or the Secondary market • The Bonds can be pledged or a lien or hypothecation can be created on the Bonds, to avail loans from Scheduled Commercial Banks, after the lock-in period i.e after 5 years from the Date of Allotment Maturity: 10 years from the Date of Allotment Security Cover: 1 time Option Series 1 Series 2 Series 3 Series 4 Interest Payment Annual Cumulative Annual Cumulative Coupon Rate 7.75% p.a. 7.75% compounded annually 7.5% p .a. 7.5% compounded annually Buyback Option First Working Day after 7 years from the Date of Allotment First Working Day after 7 years from the Date of Allotment First Working Day after 5 years from the Date of Allotment First Working Day after 5 years from the Date of Allotment Tax Rate YIELD TO THE INVESTORS ON BUYBACK (with Tax Benefits u/s 80CCF) 10.30% 9.86% 9.44% 10.23% 9.86% 20.60% 12.31% 11.36% 13.42% 12.58% 30.90% 15.23% 13.59% 17.20% 15.75% All investors proposing to participate in the Public Issue of Long Term Infrastructure Bonds by L&T Infrastructure Finance Company Limited should invest on the basis of information contained in Prospectus filed with Registrar of Companies (ROC), Chennai, Tamil Nadu on October 11, 2010. Disclaimer of NSE: It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Prospectus has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Prospectus. The investors are advised to refer to the Prospectus for the full text of the "Disclaimer Clause of NSE". L&T Finance Holdings Limited, (holding company for L&T Infrastructure Finance Company Limited), is proposing, subject to market conditions and other considerations, to make a public issue of securities (IPO) and has filed a Draft Red Herring Prospectus with the Securities and Exchange Board of India (SEBI). The Draft Red Herring Prospectus is available on the website of SEBI and the respective websites of the Book Running Lead Managers to the IPO. Issue Opens on: October 15, 2010 Issue Closes on: November 2, 2010
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Transcript of L&T Infra Public_Issue
8/8/2019 L&T Infra Public_Issue
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L&T INFRASTRUCTURE FINANCE COMPANY LIMITEDPublic Issue of Long Term Infrastructure Bonds in the Nature of Secured, Redeemable and
Non-Convertible DebenturesCOMPANY OVERVIEW:
L&T Infrastructure Finance Company Limited, a 100% subsidiary of L&T Finance Holdings Limited, wasincorporated on April 18, 2006 and is registered with the RBI as a systemically important non deposit taking NBFCand an Infrastructure Finance Company (IFC)
The Business of the company is primarily to provide financial products and services for customers engaged ininfrastructure development and construction, with a focus on the power, roads, telecommunications, oil and gasand ports sectors in India
BENEFITS OF INVESTING IN THE LONG TERM INFRA BOND: The Bonds are issued under the terms of Section 80 CCF of the Income Tax Act, 1961 which offer tax deduction of
up to Rs. 20,000 The deduction with the investment in these bonds is over and above the tax deduction of Rs. 1,00,000 available
under Section 80 C, 80 CCC and 80 CCD read with Section 80 CCE Investors can pledge or create lien on or hypothecate these bonds to avail loans from Scheduled Commercial
Banks, after the lock-in period The Bonds can be held in Physical or Dematerialized form
FEATURES OF THE ISSUE:
RATING:The Bonds have been rated ‘ CARE AA+’ by CARE and ` LAA+’ by ICRA
ELIGIBLE INVESTORS:
Resident Individuals and HUF
ISSUE STRUCTURE: Issue size: Rs. 200 crore with an option to retain an oversubscription of up to Rs. 500 crore Listing: On National Stock Exchange of India Limited (NSE) Face Value of each Bond: Rs. 1,000 Minimum Application: Five (5) Bonds and in multiples of one (1) Bond thereafter Form: Can be held in Physical or Dematerialized form Form for Trading: Bonds can traded on the NSE in dematerialized form only after the Lock-in Market Lot: Multiples of one (1) Bond Lock-in period: 5 years from the Date of Allotment
• The Investors can exit the holding after the lock-in period, either through the Buyback facility or the Secondary market
• The Bonds can be pledged or a lien or hypothecation can be created on the Bonds,to avail loans from Scheduled Commercial Banks, after the lock-in period i.e after 5 years fromthe Date of Allotment
Maturity: 10 years from the Date of Allotment Security Cover: 1 time
Option Series 1 Series 2 Series 3 Series 4Interest Payment Annual Cumulative Annual CumulativeCoupon Rate 7.75% p.a. 7.75% compounded
annually7.5% p .a. 7.5% compounded
annuallyBuyback Option First Working
Day after 7 yearsfrom the Date of
Allotment
First WorkingDay after 7 yearsfrom the Date of
Allotment
First WorkingDay after 5 yearsfrom the Date of
Allotment
First WorkingDay after 5 yearsfrom the Date of
AllotmentTax Rate YIELD TO THE INVESTORS ON BUYBACK (with Tax Benefits u/s 80CCF)
10.30% 9.86% 9.44% 10.23% 9.86%
20.60% 12.31% 11.36% 13.42% 12.58%
30.90% 15.23% 13.59% 17.20% 15.75%All investors proposing to participate in the Public Issue of Long Term Infrastructure Bonds by L&T Infrastructure Finance Company Limited should invest on the basis ofinformation contained in Prospectus filed with Registrar of Companies (ROC), Chennai, Tamil Nadu on October 11, 2010.Disclaimer of NSE: It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Prospectus has been cleared orapproved by NSE nor does it certify the correctness or completeness of any of the contents of the Prospectus. The investors are advised to refer to the Prospectus for the full textof the "Disclaimer Clause of NSE".
L&T Finance Holdings Limited, (holding company for L&T Infrastructure Finance Company Limited), is proposing, subject to market conditions and other considerations, tomake a public issue of securities (IPO) and has filed a Draft Red Herring Prospectus with the Securities and Exchange Board of India (SEBI). The Draft Red Herring Prospectusis available on the website of SEBI and the respective websites of the Book Running Lead Managers to the IPO.
Issue Opens on: October 15, 2010
Issue Closes on: November 2, 2010
