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.

L&T Finance IPO Details

IPO Opening DateJul 27, 2011
IPO Closing DateJul 29, 2011
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹51 to ₹59 per equity share
Market Lot100 Shares
Min Order Quantity100 Shares
Listing AtBSE, NSE
Issue Size[.] Eq Shares of ₹10
(aggregating up to ₹1,245.00 Cr)

L&T Finance IPO Lot Size

The L&T Finance IPO market lot size is 100 shares. A retail-individual investor can apply for up to 33 lots (3300 shares or ₹194,700).

ApplicationLotsSharesAmount (Cut-off)
Minimum1100₹5,900
Maximum333300₹194,700

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 Subscription Status (Bidding Detail)

The L&T Finance IPO is subscribed 5.34x times on Jul 29, 2011 19:45. The public issue subscribed 9.61x in the retail category, 1.93x in the QIB category, and 6.18x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB

1.93x

NII

6.18x

RII

9.61x

Employee

1.53x

Others

3.35x

Total

5.34x

L&T Finance IPO Prospectus

L&T Finance IPO Rating

1129
4.2
Rating:Rated 4.2 stars

Vote Here ...

L&T Finance IPO Listing Date

Listing DateFriday, August 12, 2011
BSE Script Code533519
NSE SymbolL&TFH
Listing InB Group of Securities
ISININE498L01015
IPO Price₹52 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

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

L&T Finance IPO Reviews / Ratings

Company Contact Information

L&T Finance Holdings Limited
L&T House,
Ballard Estate,
Mumbai – 400 001

Phone: (91 22) 6752 5656
Email: ltfh-ipo@ltfinance.com
Website: http://www.ltfinanceholdings.com

L&T Finance IPO Registrar

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

Phone: 9999999999
Email: ipoltfh@shareproservices.com
Website: http://

L&T Finance IPO FAQs

  1. What is L&T Finance IPO?

    L&T Finance IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹1,245.00 Crores. The issue is priced at ₹51 to ₹59 per equity share. The minimum order quantity is 100 Shares.

    The IPO opens on Jul 27, 2011, and closes on Jul 29, 2011.

    Sharepro Services Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. When L&T Finance IPO will open?

    The L&T Finance IPO opens on Jul 27, 2011 and closes on Jul 29, 2011.

  3. What is the lot size of L&T Finance IPO?

    L&T Finance IPO lot size is 100 Shares and the minimum order quantity is 100 Shares.

  4. How to apply for L&T Finance IPO?

    You can apply in L&T Finance IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  5. When L&T Finance IPO allotment?

    The finalization of Basis of Allotment for L&T Finance IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the L&T Finance IPO allotment status.

  6. When is L&T Finance IPO listing date?

    The L&T Finance IPO listing date is on Friday, August 12, 2011.

L&T Finance IPO Message Board

Ranked Members  Ranked Members

Loading...
825. nitin sharma |Sep 9, 2011 22:51
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 13:06
Buy l & T Finance Target 56 next week . Buy above 50 only stoploss 48.00
823. SAHIL SATIJA |Aug 29, 2011 19:30
BUY L&T FINANCE HOLDING NOW, MAY GET BANKING LICENCE.
822. Shripadk |Aug 25, 2011 19:04
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 17:23
Top Contributor Top Contributor (300+ Posts)
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 14:55
L&T FH - next week target 60.....buy for long term 100
819. Prince Williams |Aug 19, 2011 18:21
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 17:17
Top Contributor Top Contributor (300+ Posts)
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 13:36
Stock now trading below 45, one more case like NHPC, IBPOWER, SJVN, PTCFS
816. pakka hindustani |Aug 19, 2011 10:15
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 21:05
INDIA INFOLINE NCD
BASIS OF ALLOTMENT OUT.100 % (FIRM) ALLOTMENT TO0 EACH APPLICANT
814. Rohit Gupta |Aug 17, 2011 14:34
any one received the refund amount
813. vipin yadav |Aug 16, 2011 13:13
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 14:48
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 10:16
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 18:52
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 14:22
Top Contributor Top Contributor (300+ Posts)
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 12:17
Top Contributor Top Contributor (200+ Posts)
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 10:09
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 00:16
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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