I hold 20 shares in L&T in Karvy DP. Can I now apply using my other DP @ Indian Bank and still avail the 2 discount ? Or should I use only Karvy DP ? Can I avail this 2 discount using HDFC ASBA Online Application system ? Can I get this 2 discount for 1 Lac application ? Please advise. Thanks in advance. SingS
India Infoline Investment Services Limited proposes to make a Public Offer of Secured Redeemable Non-Convertible Debentures (NCDs)
India Infoline Investment Services Limited (IIISL or “the Company”), an NBFC subsidiary of India Infoline Limited (IIFL), proposes to make a public offer of Secured Redeemable Non-Convertible Debentures (NCDs) and has filed a draft prospectus with the National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange Limited (BSE). Under this proposed offer, the company is proposing public issue of Secured Redeemable Non-Convertible Debentures (NCDs) of the face-value of Rs. 1,000 each aggregating to Rs.3,750 million, with an option to retain over-subscription up to Rs.3,750 million, aggregating upto a total of Rs.7,500 million (the “Issue”), subject to requisite approvals. The NCDs are proposed to be listed on the NSE and BSE.
The funds raised through this Issue will be used by the Company for various financing activities. The NCDs proposed under this Issue have been rated ‘*ICRA+AA- (stable)’ by ICRA, and ‘CARE AA-' by CARE. The above ratings indicate high degree of safety regarding timely servicing of financial obligations and these instruments carry very low credit risk.
The Draft Prospectus is available on the website of the Company at www.iiflinvestments.com
L&T Finance Holdings' FY 2011 EPS on post-issue equity works out to Rs 2.28 and Rs 2.33 on post-issue equity of Rs 1721.02 crore (lower band of Rs 51) and Rs 1688.02 crore (on higher band of Rs 59), respectively. At the price band of Rs 51 to Rs 59, P/E works out to 22.4 to 25.3 times.
Current book value of L&T Finance Holdings is Rs 19.6. Pre issue P/BV at issue price of Rs 51 comes out to 2.6, while at issue price of Rs 59 it is 3.0.
Post-issue BV works out to Rs 24.1 and Rs 24.5 at issue price of Rs 51 and Rs 59, respectively. P/BV at both the bands works out to 2.1 and 2.4 times, respectively.
Most of the other NBFCs in the listed space are specialised NBFCs focusing on niche areas, while L&T Finance is providing services across diversified sectors and businesses. Shriram Transport Finance is India's largest player in commercial vehicle finance, while Mahindra & Mahindra Financial Services is giving personalised finance for utility vehicles, tractors and cars, focusing on the rural and semi-urban sectors, IDFC is an integrated infrastructure finance player providing end-to-end infrastructure financing and project implementation services. REC is financing and promoting rural electrification projects all over the country and PFC is dedicated to power sector financing and committed to the integrated development of the power and associated sectors. Sundaram Finance is mostly into vehicle finance.
Shriram Transport Finance Company is trading at P/BV of 3.2, M&M Financial Services at 2.9, IDFC at 1.8, REC at 1.7, PFC at 1.6, and Sundaram Finance at 1.7
aki, apply in shareholder quota .I m expecting allotment of Inventure on saturday or monday max.I am thinking of using the refund in L&T which will be icing on inventure cake.My cheque will be cleared on tuesday (L&T).I expect L&T to be heavily subscribed due to its craze in retail.Whatever be the subscription L&T will not give more than 10 rs at max.This is not a issue like birla or rushil etc which will double or triple on listing.
73. GOOD BROKER Jul 25, 2011 5:35:10 PM IST | Like | Report Abuse
GOOD BROKER's - IPO Recommendations, IPO Comments, Public Profile
we are bullish on L&T FINANCE IPO AT THE CURRENT RATE OF IPO try to apply in share holders quota if it is possiable you should apply above rs 2 lakhs
LATEST QUOTE OF SHEEDHAR IN INVENTURE GROWTH &SEC SITE FOR YOU REFERENCE
39. Sreedhar Jul 22, 2011 8:32:16 PM IST | Like (1) | Report Abuse
Sreedhar's - IPO Recommendations, IPO Comments, Public Profile
I have applied in full for Inventure .I m avoiding L&T as I have not been a fan of L&T.For the past 5 years I have not touched L&T .L&T Finance have been avoiding the market for the past one year citing market reasons.I do not think they will give it cheap.I feel Inventure will give better returns as compared to L&T finance .Also I can use this refund in the next IPO.
Hi shreedhar we want yr suggestion should we apply as share holder or we go fr normal app as i think we will get less share due to reserved quata fr shareholder being small than normal one pls reply