Personal Finance Blog India –

IPO: L&T Finance Holding Ltd

Updates: Issue price of L&T finance holding ltd is decided as Rs. 52.Earlier ipo was subscribed more than 9 times in retail cateogary.


New IPO of L&T finance Holding Ltd will hit the market within next few days.L&T finance offers diverse range of financial products and services across the retail, corporate and infrastructure finance,mutual funds and investment management services.It is registered with RBI as Non-deposit taking non-banking finance company.It is coming up with an IPO on July 2011 to raise Rs. 1250 Crore.Some of the IPO highlights are as follows.

The Five subsidiaries of L&T finance Holding Ltd are: L&T infrastructure company,L&T Finance,India Infrastructure Developers,L&T Investment Managers and L&T Mutual fund Trustees.

IPO Details:

  • Issue Open: 27th July 2011.
  • Issue Close: 29th July 2011.
  • Issue Size: Rs. 1250 Crore.
  • Issue Price Band: Rs 51 – 59.
  • Listing at NSE and BSE.
  • Price to Book value between 1.7-1.9.It is close to that of Mahindra finace quoting at 2.1-2.3,IDFC quoting at 1.7-1.8 and STFC quoting at 2.4-2.6.
  • IPO Grade :”5″ from CARE indicates strong fundamentals.
  • Registrar: Sharepro services pvt ltd.

Category: IPOs


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