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L & T Finance Holdings Ltd. IPO
L&T Finance Holdings fixed its IPO share price at Rs 52/- against its price range of Rs 51/- to 59/-.
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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, through our direct and indirect wholly-owned subsidiaries. Our Company 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.
L&T Finance Holdings is promoted by L&T as a part of its corporate strategy meant to give a distinct identity to the financial services business.
L&T Finance Holdings operations are arranged into four business groups – the Infrastructure Finance Group, the Retail Finance Group, the Corporate Finance Group and the Investment Management Group.L & T Finance Holdings (LTFH), a subsidiary of Engineering and Construction Major Larsen and Toubro group, in a filing to the Bombay Stock Exchange, said it has raised Rs 330 Crore via Pre-IPO placement by issuing 6 crore shares at a price of Rs 55 each to US-based Private Equity (PE) fund.
PROMOTERS OF THE COMPANY:
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. 52 Per Equity Share
Market Lot: 100
Minimum Order Quantity:
Listing At: BSE, NSE
IPO Subscription Detail / IPO Oversubscription Details / IPO Bidding Status as on
29 July, 2011:
Sr.
No. |
Category |
No.of shares offered/reserved |
No. of shares bid for |
No. of times of total meant for the category |
1 |
QIB's |
75382416 |
145134800 |
1.93 |
2 |
Non Institutional Investors |
31617647 |
195534600 |
6.18 |
3 |
Retail Individual Investors (RIIs) |
73774510 |
709226000 |
9.61 |
4 |
Employees |
10204082 |
15608600 |
1.53 |
5 |
Shareholders |
23529412 |
78940600 |
3.35 |
|
Total |
214508067 |
|
5.34 |
|
|