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L&T Finance Holdings Limited IPO (L&T Finance IPO) Detail

Jul 27, 2011 - Jul 29, 2011        
  
   

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.

Objects of the Issue:

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 Detail:

  »»  Issue Open: Jul 27, 2011 - Jul 29, 2011
  »»  Issue Type: 100% Book Built Issue IPO
  »»  Issue Size: Equity Shares of Rs. 10
  »»  Issue Size: Rs. 1,245.00 Crore
  »»  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

L&T Finance Holdings Ltd IPO Grading

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

L&T Finance IPO Reviews:

  1. ARM Research Pvt. Ltd says 'Subscribe' to L&T Finance Holdings Limited IPO
  2. MLR Securities Private Ltd says 'Subscribe' to L&T Finance Holdings Limited IPO

Issue Subscription Detail / Current Bidding Status

Number of Times Issue is Subscribed (BSE + NSE)
As on Date & TimeQualified Institutional Buyers (QIBs)Non Institutional Investors (NIIs)Retail Individual Investors (RIIs)Employee ReservationsOthersTotal
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 

L&T Finance IPO News Alerts

  1. Wednesday, August 10, 2011 5:40:17 AM
    IPO Listing - L&T Finance Holdings Limited
  2. Monday, August 8, 2011 10:00:16 AM
    IPO Allotment - L&T Finance Holdings Limited
  3. Sunday, July 31, 2011 3:56:55 AM
    Investors amazed by L&T Finance fixing its share price at Rs 52/-
  4. Friday, July 29, 2011 12:46:46 PM
    L&T Finance IPO finally subscribed 5.34 times
  5. Thursday, July 28, 2011 10:01:50 AM
    L&T Finance IPO subscribed 1.22 times on day 2
  6. Wednesday, July 27, 2011 2:15:53 PM
    L&T Finance IPO subscribed 0.46 times on day 1
  7. Thursday, July 21, 2011 3:31:43 AM
    L&T Finance fixes it's IPO price band
  8. Monday, July 18, 2011 7:14:21 AM
    Upcoming IPO - L&T Finance Holdings Limited

L&T Finance IPO Rating

   Rating: 4.2
1129
4.2
Rating:Rated 4.2 stars

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L&T Finance IPO Listing Date

Listing Date:Friday, August 12, 2011
BSE Scrip Code:533519
NSE Symbol:L&TFH
Listing In:B Group of Securities
Sector:Finance (including NBFCs)
ISIN:INE498L01015
Issue Price:Rs. 52.00 Per Equity Share
Face Value:Rs. 10.00 Per Equity Share

Listing Day Trading Information

BSE
Issue Price:Rs. 52.00
Open:Rs. 51.00
Low:Rs. 49.50
High:Rs. 52.50
Last Trade:Rs. 49.95
Volume:44,321,154
NSE
Rs. 52.00
Rs. 53.85
Rs. 49.30
Rs. 53.85
Rs. 50.05
98,188,151

L&T Finance IPO Prospectus

Company Contact Information

Registered Office :
    L&T House,
    Ballard Estate,
    Mumbai – 400 001
Phone: (91 22) 6752 5656
Fax: (91 22) 6752 5858
Email: ltfh-ipo@ltfinance.com
Website: http://www.ltfinanceholdings.com

L&T Finance IPO Registrar

Sharepro Services Private Limited,   »  Report
   13 AB Samhita Warehousing Complex,
   Off Andheri-Kurla Road, Sakinaka,
   Andheri (E), Mumbai - 400 072.

Phone: 91-22-6772 0300/400
Fax: 91-22-2859 1568
Email: ipoltfh@shareproservices.com
Website: http://www.shareproservices.com


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L&T Finance IPO Messages (L&T Finance IPO Comments)

  Post New Message ...  

825. nitin sharma  Sep 9, 2011 11:51:49 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
nitin sharma's - IPO Comments,  Public Profile

dear mr shreedhar i have 386 shares of lntfh should i exit at issue price or should stay. do suggest abt invsting in ongc fpo. pl do reply.

 

824. dash dash  Aug 31, 2011 2:06:08 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
dash dash's - IPO Comments,  Public Profile

Buy l & T Finance Target 56 next week . Buy above 50 only stoploss 48.00

 

823. SAHIL SATIJA  Aug 29, 2011 8:30:19 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
SAHIL SATIJA's - IPO Comments,  Public Profile

BUY L&T FINANCE HOLDING NOW, MAY GET BANKING LICENCE.

 

822. Shripadk  Aug 25, 2011 8:04:05 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Shripadk's - IPO Comments,  Public Profile

If one want to buy from secondary market then why L&TFH There are lot many good scripts with better trading history & good valuations/brand

 

821. Ravi, Bangalore  Aug 25, 2011 6:23:21 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Ravi, Bangalore's - IPO Comments,  Public Profile

This is further to my Post # 819.

It could fall down to 43, 39 or even below 34. Short-term investors can buy only if it crosses 52.

CLSA downgrades financial institutions on asset quality concern

http://www.moneycontrol.com/news/fii-view/clsa-downgrades-psu-banksasset-quality-concern_579968.html#toptag

 

820. firdous fatima  Aug 25, 2011 3:55:34 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
firdous fatima's - IPO Comments,  Public Profile

L&T FH - next week target 60.....buy for long term 100

 

819. Prince Williams  Aug 19, 2011 7:21:03 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Prince Williams's - IPO Comments,  Public Profile

Dear Shreedher,

Thanks Shreedhar, as per your advice, I have started buying L&T Fin. at every fall from 45 (for long term).

 

818. Ravi, Bangalore  Aug 19, 2011 6:17:35 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Ravi, Bangalore's - IPO Comments,  Public Profile

This is further to my Post # 810.

L&TFH 45

It could further drop to 42, then to 38 or even to 32.

I would like to buy once it crosses 52.

Right now, I don't like this stock.

 

817. Tejas  Aug 19, 2011 2:36:12 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Tejas's - IPO Comments,  Public Profile

Stock now trading below 45, one more case like NHPC, IBPOWER, SJVN, PTCFS

 

816. pakka hindustani  Aug 19, 2011 11:15:45 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
pakka hindustani's - IPO Comments,  Public Profile

Dear Experts,

I have one very basic question.
Can u pls tell me how to buy and sell Mannapurmam/ muthoot ncd in icicidirect, axisdirect. Can they be bought and sold like shares.

thanks in advance.

 

815. BEST ANALYSIS  Aug 18, 2011 10:05:30 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
BEST ANALYSIS's - IPO Comments,  Public Profile

INDIA INFOLINE NCD
BASIS OF ALLOTMENT OUT.100 % (FIRM) ALLOTMENT TO0 EACH APPLICANT

 

814. Rohit Gupta  Aug 17, 2011 3:34:05 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Rohit Gupta's - IPO Comments,  Public Profile

any one received the refund amount

 

813. vipin yadav  Aug 16, 2011 2:13:49 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
vipin yadav's - IPO Comments,  Public Profile

L & T finance
Applied for a lot by a brokerage firm

Didn't got a single share .

I m waiting for my refunds

Kindly help
thanks & regards

VIPIN YADAV

 

812. RSquare  Aug 15, 2011 3:48:09 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
RSquare's - IPO Comments,  Public Profile

Mr. M.Gupta

You were the perfect one to guess listing price. I'am very much impressed with your against the public opinion advise which is perfect in maximum cases.

keep it up and keep posting.

thanks

 

811. priya nayak  Aug 15, 2011 11:16:09 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
priya nayak's - IPO Comments,  Public Profile

Well, the listing gains which many expected have turned in to listing losses.Losses are going to be more in days to come, in view of global uncertainities and domestic scenario. But, if you are an investor should it upset you?
Investor is one who takes a longer term view, and is not perturbed by daily fluctuations in the market.This share got a rating of 5.It is a fundamentally strong company.No reason why it should not reward an investor when market rebounds.My advice is hold it and dont sell in panic.

 

810. RAHUL JAIN  Aug 13, 2011 7:52:36 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
RAHUL JAIN's - IPO Comments,  Public Profile

Some broker are missuse this site .they are giving comission to direct investor that is against sebi rules. I will complaint SEBI for this matter for those agent who are publising there contect number on portel for contect him regarding investment on comission basis It is not fair to talk about comission or brokerage slab.i am a investor and wants to ban this type of information some broker are missuse this portel for as there advertisement that is fully wrong. I apeal chittorgarh management for take some action in this matter.


 

809. Ravi, Bangalore  Aug 13, 2011 3:22:11 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Ravi, Bangalore's - IPO Comments,  Public Profile

The company’s decision to price the issue close to the lower end of the band led many to believe there could be decent gains on listing. But the stock was down around 3% in the first hour of trade.

Pricing is the major reason for this kind of listing. That may probably explain poor response by QIBs.

L&T group willing be coming out with many new IPOs in next few years. Management is destroying the goodwill that "L&T" has in the market?

Non-banking finance stocks are not the best of bets in a rising interest rate scenario. On the face of it, things look gloomy for both banks and NBFCs for a while since the RBI is in no mood to cut rates yet. Investors need to wait for at least one week. allow it to settle before taking decision. Traders need not be in a hurry to buy till it clears issue price. If it is able to clear issue price in next 15 days, it is a great opportunity for traders.

 

808. santonu  Aug 13, 2011 1:17:07 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
santonu's - IPO Comments,  Public Profile

FULLY AGREED WITH SUDEEP,INFACT IT IS A GREAT LISTING,IT KEEPS ALL THE INVESTOR HAPPY ON FIRST DAY, NO BODY HAS ANY COMPLAIN

 

807. sudeep jain  Aug 13, 2011 11:09:03 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
sudeep jain's - IPO Comments,  Public Profile

most of the ipo listed during last one year are trading 50 to 70 % discount,L&T not an exception.Nifty is bound to go below 5000 and may b to 4600. Market is traping d small investors and the same is part of the game of share market which is run by big hands...!
I must say that it is a great listing, considering the fact that ever since the issue got closed,the Sensex and Nifty have corrected between 4% and 5% D stock is showing quite a bit of resilience.I have seen in the past, on d first day,a lot of volume comes in.It is very nicely absorbing the volume.All in all, i m very happy.I think a lot of inst investors like d business model.

 

806. IPOKAIZEN  Aug 13, 2011 1:16:08 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
IPOKAIZEN's - IPO Comments,  Public Profile

santonu's - IPO Recommendations, IPO Comments, Public Profile

i think listing is not so disappinting considering presesnt market turmoil.if market improves, stock may touch 57-60 soon

THERE IS HOPE TILL THERE IS LIFE..

 

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