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L&T Finance IPO Details

Issue Open Jul 27, 2011
Issue Close Jul 29, 2011
IPO Price ₹52
Face Value ₹10
IPO Size ₹1,245.00 Cr
Listing At BSE, NSE
IPO Lot Size 100

L&T Finance IPO Subscription Status Live

L&T Finance IPO subscribed 5.34 times. The public issue subscribed 9.61 times in the retail category, 1.93 times in QIB, and 6.18 times in the NII category by Jul 29, 2011.

Investor CategorySubscription (times)
Qualified Institutions1.93
Non-Institutional Buyers6.18
Retail Investors9.61
Employees1.53
Others3.35
Total5.34

L&T Finance IPO Subscription Details (times)

DateQIBNIIRetailEMPOthersTotal

Day 1
Jul 27, 2011

0.64

0.39

0.46

0.03

0.17

0.46

Day 2
Jul 28, 2011

0.72

0.50

2.21

0.51

0.96

1.22

Day 3
Jul 29, 2011

1.93

6.18

9.61

1.53

3.35

5.34


L&T Finance IPO Shares Offered

L&T Finance IPO is a public issue of 214,508,067 equity shares. The issue offers 73,774,510 shares to retail investors, 75,382,416 shares to qualified institutional buyers, and 31,617,647 shares to non-institutional investors.

CategoryShares Offered%
QIB75,382,41635.14%
NII31,617,64714.74%
Retail73,774,51034.39%
Employee10,204,0824.76%
Others23,529,41210.97%
Total214,508,067100%

IPO Investor Categories

  • Qualified Institutional Buyers (QIB)

    Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.

  • Non-Institutional Investors(NII)

    Individual investors, NRIs, companies, trusts, etc who bid for more than Rs 2 lakhs are known as Non-institutional bidders or NII. They need not register with SEBI like QIIs.

  • Retail Individual Investors(RII)

    The retail individual investor or NRIs who apply up to Rs 2,00,000 in an IPO are considered as RII reserved category.

  • Employee (EMP)

    A category of eligible employees who have a reserved quota in the IPO.

  • Others

    A category of eligible shareholders or other investors who have a reserved quota in the IPO.

L&T Finance IPO Subscription FAQs

The L&T Finance IPO is subscribed 5.34 by Jul 29, 2011.

L&T Finance IPO Subscription

Investor CategorySubscription (times)
Qualified Institutional1.93
Non Institutional6.18
Retail Individual9.61
Employee Reservations1.53
Others3.35
Total Subscription5.34

Retail category of L&T Finance IPO subscribed 9.61 times as of date Jul 29, 2011. The public issue closes on Jul 29, 2011 for bidding.

An investor can apply in L&T Finance IPO online via bank (using ASBA) or the broker (using UPI). The L&T Finance IPO shares are offered online only.

The L&T Finance IPO is subscribed 5.34 by Jul 29, 2011.

The L&T Finance IPO allotment status is expected on or around . Visit L&T Finance IPO allotment status to check.

The L&T Finance IPO listing date is Friday, August 12, 2011. The equity share of L&T Finance Holdings Limited will list on BSE, NSE.

Visit L&T Finance IPO subscription status page for real-time bidding information about L&T Finance IPO.

L&T Finance IPO Timetable

IPO Opens OnJul 27, 2011
IPO Closes OnJul 29, 2011
Finalisation of Basis of Allotment
Initiation of Refunds
Credit of Shares to Demat Account
IPO Listing Date