The book-built Rs 1,245.00 crore L&T Finance IPO The L&T Finance IPO bidding period ran from July 27, 2011, to July 29, 2011. August 12, 2011, saw the shares go up for sale on the BSE and NSE. A share’s price range for L&T Finance’s IPO is ₹51 to ₹59. A minimum of 100 shares is required for an application lot size. For retail investors, a minimum investment of ₹5,900 is needed.
L&T Finance Holdings, a financial holding company founded in 2008, provides a wide range of financial services and products to the corporate, retail, and infrastructure finance sectors, in addition to investment management and mutual fund products. Initiated by one of the top Indian corporations, Larsen & Toubro Ltd., L&T Finance Holdings is involved in engineering, construction, information technology, manufacturing, and electronics, as well as financial services. The company is registered with the RBI as a Systemically Important Non-Deposit
a non-banking financial company and has applied to be registered as a core investment company. The Infrastructure Finance Group, Retail Finance Group, Corporate Finance Group, and Investment Management Group are the four business groups into which the company’s operations are divided.
LTF serves a wide range of clients, including small and medium-sized businesses, banks, global corporations, and individual retail customers. LTF provides a range of financial services and solutions for business, industry, and agriculture. Tractors, CVs, construction equipment, and corporate products are the company’s main focus areas.
L&T Finance IPO Details
| IPO Date | July 27, 2011 to July 29, 2011 |
| Listing Date | August 12, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹51 to ₹59 per share |
| Lot Size | 100 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹1,245.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
L&T Finance IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹5,900 |
| Retail (Max) | 33 | 3300 | ₹194,700 |
L&T Finance IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | – | NA |
| QIB Shares Offered | 75,382,416 (35.14%) | NA |
| NII (HNI) Shares Offered | 31,617,647 (14.74%) | |
| Retail Shares Offered | 73,774,510 (34.39%) | 737,745 |
| Employee Shares Offered | 10,204,082 (4.76%) | NA |
| Other Shares Offered | 23,529,412 (10.97%) | NA |
| Total Shares Offered | 214,508,067 (100%) |
Objects of the Issue (L&T Finance IPO Objectives)
The object of the issue is:
- Repayment of the intercorporate deposit issued by Promoter to the Company;
- To augment the capital base of L&T Finance and L&T Infra and meet the capital adequacy requirements to support future growth in their business;
- To achieve the benefits of listing on the Stock exchanges, and
- For other general corporate purposes, including meeting the expenses of the issue.
L&T Finance IPO Listing Details
| Listing Date | August 12, 2011 |
| BSE Script Code | 533519 |
| NSE Symbol | L&TFH |
| ISIN | INE498L01015 |
| Final Issue Price | ₹52 per share |
L&T Finance Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹52.00 | ₹52.00 |
| Open | ₹51.00 | ₹53.85 |
| Low | ₹49.50 | ₹49.30 |
| High | ₹52.50 | ₹53.85 |
| Last Trade | ₹49.95 | ₹50.05 |
L&T Finance Holdings Limited Contact Details
L&T Finance Holdings Limited
L&T House,
Ballard Estate,
Mumbai 400 001
Phone: (91-22) 6752 5656
Email: [email protected]
Website: http://www.ltfinanceholdings.com
L&T Finance IPO Registrar
Sharepro Services Private Limited
Phone: 9999999999
Email: [email protected]
Website:
L&T Finance IPO FAQs
Q1. What is L&T Finance IPO?
Ans. 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 share. The minimum order quantity is 100 Shares. The IPO opens on July 27, 2011, and closes on July 29, 2011.
Q2. When L&T Finance IPO will open?
Ans. The L&T Finance IPO opens on July 27, 2011 and closes on July 29, 2011.
Q3. What is the lot size of L&T Finance IPO?
Ans. L&T Finance IPO lot size is 100 Shares, and the minimum amount required is ₹5,900.
Q4. When is L&T Finance IPO listing date?
Ans. The L&T Finance IPO listing date is on August 12, 2011.
