I think the bloodbath in the stock market shall be over by 9th, so let's hope that the markets are positive on 10th, on L&T Fin IP listing days. Kepping my fingers crossed. Let's hope it opens in premium.
Received 2627 shares when applied for in employee quota on an application of 2L... received a sms :) and also saw the credited shares in my nsdl account
AND HOPING TO MAKE SOME LOSS FOR THE NEXT 3 MONTHS.........
I M EXPECTING 60 TO EXIT IN NEXT 3-6 MONTHS......
THE CO'S SPACE DOES NOT ALLOW MUCH EXPECTATION OF RETURN TO SHARE HOLDER BUT THE NAME OF THE PARENT WILL DO THE TRICK...
GROUPS LIKE SHRIRAM IS THE EXAMPLE ALTHOUGH THEY HAVE DELIVERED THE PERFORMENCE YEAR AFTER YEAR.....
MY TAKE ON LTFHL -
1) it houses two non-banking finace companies (NBFCs) that have grown in the recent past by approximately 50% year-on-year in the last couple of years.
2)compay holds investments in Federal Bank and City Union Bank at book value
3)In the holding company, it also have an asset management company. The investment made in asset management, that is, a mutual fund and the loss of this is also recorded in that.
4) placement to anchor and pvt placement at higher than ipo price.