Incorporated in 2008, L&T Finance Holdings is a financial holding company offering a diverse range of financial products and services across the corporate, retail and infrastructure finance sectors as well as mutual fund products and investment management services. Promoted by Larsen & Toubro Ltd, one of the leading companies in India, with interests in engineering, construction, electrical and electronics manufacturing and services, information technology and financial services, L&T Finance Holdings is registered with the RBI as a Systemically Important Non-Deposit Taking Non-Banking Financial Company and has applied for registration as a Core Investment Company.
Company's operations are arranged into four business groups – the Infrastructure Finance Group, the Retail Finance Group, the Corporate Finance Group and the Investment Management Group. LTF's customer includes individual retail customers as well as large companies, banks, multinational companies and small- and medium-enterprises.
LTF offers a spectrum of financial products and services for trade, industry and agriculture. The company's focus segments are corporate products, construction equipment, CVs and tractors.
The object of the issue are:
1. Repayment of inter corporate deposit issued by Promoter to the Company;
2. To augment the capital base of L&T Finance and L&T Infra, to meet the capital adequacy requirements to support the future growth in their business;
3. To achieve the benefits of listing on the Stock Exchanges; and
4. For other general corporate purposes including meeting the expenses of the Issue.
»» Issue Open: Jul 27, 2011 - Jul 29, 2011
»» Issue Type: Book Built Issue IPO
»» Issue Size: [.] Equity Shares of Rs 10 aggregating up to Rs 1,245.00 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs. 51 - Rs. 59 Per Equity Share
»» Market Lot: 100 Shares
»» Minimum Order Quantity: 100 Shares
»» Listing At: BSE, NSE
CARE / ICRA has assigned an IPO Grade 5 to L&T Finance IPO. This means as per CARE / ICRA, company has 'Strong Fundamentals'. CARE / ICRA assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read L&T Finance Holdings IPO Grading Report
|Number of Times Issue is Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||Employee||Others||Total|
|Shares Offered / Reserved||75,382,416||31,617,647||73,774,510||10,204,082||23,529,412||214,508,067|
|Day 1 - Jul 27, 2011 17:00 IST||0.6400||0.3900||0.4600||0.0300||0.1700||0.4600|
|Day 2 - Jul 28, 2011 17:00 IST||0.7200||0.5000||2.2100||0.5100||0.9600||1.2200|
|Day 3 - Jul 29, 2011 19:45 IST||1.9300||6.1800||9.6100||1.5300||3.3500||5.3400|
Vote Here ...
We provide detail comparison of stock / commodities brokeRs We helped over 75,000 traders/investors to save 60% or more brokerage in last 3 yeaRs Here is the list of popular brokers to help investors like you to find the best broker.
We can help you choosing the right broker. Contact us today...
Free Equity Delivery Trades
Flat Rs 20 Per Trade for F&O
Rs 100 off on account opening* + 100% brokerage refund if in 60 days you have made net profits
(* on online account opening)
Flat Rs 15 Per Trade
100% cash back on 30 days brokerage (up to Rs 1000)
Get This Exclusive Offer
Brokerage: Intraday @ 0.02%, Delivery @ 0.15%
Rs 0 account opening fee
(Rs 400 waived)