if today issue price not declared then on monday 80% application @ cutoff price withdrawn possibility may arise.already some stop payment of cheque done.
As against the price band of Rs. 51 to Rs. 59 per equity share, the Company announced the issue price of Rs. 52 per equity share today. The L&T Finance Holdings Ltd. Initial Public issue which closed for subscription on July 29th received subscriptions for more than 5 times its size, aggregating to a demand in excess of Rs. 5800 crores. It is noteworthy that this IPO attracted over 600,000 applications into its fold.
As against the price band of Rs. 51 to Rs. 59 per equity share, the Company announced the issue price of Rs. 52 per equity share today. Speaking to newsmen Y M Deosthalee, Chairman of L&T Finance Holdings said, “We are happy with the demand that the issue generated amongst all categories of investors, particularly given the market volatility.
While the IPO received good demand at different price points within the price band, to reciprocate the confidence that over 600,000 applicants have placed in us we decided to price the issue at Rs. 52. In line with L&T Group’s philosophy, this indicates our intention to build a long and mutually beneficial relationship with our prospective shareholders”
0You recommend thisYou don't recommend thisShare New delhi, July 30 (PTI) L&T Finance Holdings today said it has fixed the issue price at Rs 52 a share for its initial public offering (IPO). "While the IPO received good demand at different price points within the price band, to reciprocate the confidence that over 600,000 applicants have placed in us we decided to price the issue at Rs 52," L&T Finance Holdings Chairman Y M Deosthalee said in a company release. The price band for L&T Finance Holdings'' initial public offer, which remained for subscription for three days since July 27, was fixed between Rs 51-Rs 59. The IPO received subscriptions aggregating to a demand in excess of Rs 5,800 crore. "We are happy with the demand that the issue generated amongst all categories of investors, particularly given the market volatility," Deosthalee said. Most of the proceeds from the IPO will be pumped into its five subsidiaries-- L&T Infrastructure Company, L&T Finance, India Infrastructure Developers, L&T Investment Management and L&T Mutual Fund Trustees.
According to CNBC AWAAZ - L&T FHL IPO price fixed at Rs.52/-. This is good for investors. Now, company have left something on the table for the investors. Thanx for the management of company.
hi shreedharji, this message is specially written for u.plz dont stop postong messages becoz of some senseless people.we r geetting good idea from your messages on ipo.
Bharat Auaja, Even 4-5 RS will give 1500-2000 per app.There is no point of holding head in hands. Disclaimer : I've applied 2 full through ASBA and haven't withdrawn so far.
Sameerjaipur, I studied in kendriya vidyalaya & Hindi is my first language.Congrats all L&T has fixed the issue price at 52.Enjoy folks.It is indeed a kind gesture from L&T,appreciate it.
YES SREEDHAR ITS TRUE, YOU CAN WATCH THIS ON ZEE BUSSINESS RIGHT NOW IN HEADLINES, YOU ARE THE FIRST ONE WHO TOLD BORDERS THAT LT CAN DECIDE PRICE 51 TO 56 CONGRATES, ATTRACTIVE PRICE BAND,
Thanks for ur Update on Friday. KK has Rang me on Friday, after ur Update about Orchids Result.
I had not Expected that king of result from it... Eps of just 2+ against 8+ of last Quarter..!!! Alanthur plant's Problem has not been solved yet, it seems that the Present TN Government is not Favorable with the Management... I can screen that Alanthur will be the only Problem before it now and in Yesterdays AGM, Promoters informed that they will Bring down the Pledged shares to half in few months n a Capital plan has also been announced....