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L&T Finance IPO is a book built issue of Rs 1,245.00 crores.
L&T Finance IPO bidding started from July 27, 2011 and ended on July 29, 2011. The shares got listed on BSE, NSE on August 12, 2011.
L&T Finance IPO price band is set at ₹51 to ₹59 per share. The minimum lot size for an application is 100 Shares. The minimum amount of investment required by retail investors is ₹5,900.
Citigroup Global Markets India Private Limited, Hsbc Securities & Capital Markets Pvt Ltd and Jm Financial Limited are the book running lead managers of the L&T Finance IPO, while Sharepro Services Private Limited is the registrar for the issue.
Refer to L&T Finance IPO RHP for detailed information.
| 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 |
| Share holding pre issue | 1,477,024,426 |
| Share holding post issue | 1,714,729,787 |
L&T Finance IPO offers 214,508,067 shares. 75,382,416 (35.14%) to QIB, 31,617,647 (14.74%) to NII, 73,774,510 (34.39%) to RII, 10,204,082 (4.76%) to employees. 737,745 RIIs will receive minimum 100 shares and (sNII) and (bNII) will receive minimum 3,400 shares. (in case of oversubscription)
| 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%) |
Investors can bid for a minimum of 100 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹5,900 |
| Retail (Max) | 33 | 3300 | ₹194,700 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 95.94% |
| Share Holding Post Issue | 82.64% |
Incorporated in 2008, 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. Promoted by Larsen & Toubro Ltd, one of the leading companies in India, with interests in engineering, construction, electrical and electronics manufacturing and services, information technology and financial services, L&T Finance Holdings 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.
Company's operations are arranged into four business groups – the Infrastructure Finance Group, the Retail Finance Group, the Corporate Finance Group and the Investment Management Group. LTF's customer includes individual retail customers as well as large companies, banks, multinational companies and small- and medium-enterprises.
LTF offers a spectrum of financial products and services for trade, industry and agriculture. The company's focus segments are corporate products, construction equipment, CVs and tractors.
| KPI | Values |
|---|---|
| RoNW | 13.58% |
The object of the issue are:
1. Repayment of inter corporate deposit issued by Promoter to the Company;
2. To augment the capital base of L&T Finance and L&T Infra, to meet the capital adequacy requirements to support the future growth in their business;
3. To achieve the benefits of listing on the Stock Exchanges; and
4. For other general corporate purposes including meeting the expenses of the Issue.
The L&T Finance IPO is subscribed 5.34 times on July 29, 2011 7:45:00 PM. The public issue subscribed 9.61 times in the retail category, 1.93 times in the QIB category, and 6.18 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 1.93 |
| NII | 6.18 |
| Retail | 9.61 |
| Employee | 1.53 |
| Others | 3.35 |
| Total | 5.34 |
CARE / ICRA has assigned an IPO Grade 5 to L&T Finance IPO. This means as per CARE / ICRA, company has 'Strong Fundamentals'. CARE / ICRA assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read L&T Finance Holdings IPO Grading Report
| Listing Date | August 12, 2011 |
| BSE Script Code | 533519 |
| NSE Symbol | LTF |
| ISIN | INE498L01015 |
| Final Issue Price | ₹52 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹52.00 |
| ₹51.00 |
| ₹49.50 |
| ₹52.50 |
| ₹49.95 |
| NSE |
|---|
| ₹52.00 |
| ₹53.85 |
| ₹49.30 |
| ₹53.85 |
| ₹50.05 |
L&T Finance Holdings Limited
L&T House,
Ballard Estate,
Mumbai – 400 001
Phone: (91 22) 6752 5656
Email: ltfh-ipo@ltfinance.com
Website: http://www.ltfinanceholdings.com
Sharepro Services Private Limited
Phone: 9999999999
Email: ipoltfh@shareproservices.com
Website:
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.
Sharepro Services Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The L&T Finance IPO opens on July 27, 2011 and closes on July 29, 2011.
L&T Finance IPO lot size is 100 Shares, and the minimum amount required is ₹5,900.
You can apply in L&T Finance IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for L&T Finance IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the L&T Finance IPO allotment status.
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