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MCX IPO Details:

Multi-comodity Exchange of India [MCX] has come up with details of its IPO.Some of the stake holders will sell part of their holding through this IPO.

About MCX:

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.

FPO:Power Finance Corporation Ltd

Power Finance Corporation ,Govt of India undertaking power project finance non-banking finance company has come with FPO issue.

PFC IPO was come in Feb 2007 with issue price band of 73  – 85.

Current share price of PFC at NSE is 215.

FPO Summary :

1.FPO Start Date : 10th May 2011.

2.FPO End date : 13th May 2011.

3.Issue Size : 229,553,340 equity shares of Rs.10.

4.Issue Price:  Till Declared

5.Issue Size: Till Declared.

6.FPO will be listed at NSE & BSE.

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