July 27, 2011 - July 29, 2011
RHP
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, 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.
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 Reservation
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%) |
L&T Finance IPO Lot Size
Investors can bid for a minimum of 100 shares and in multiples thereof. Thebelow table depicts the minimum and maximum investment by retail investors and HNI in terms ofshares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹5,900 |
| Retail (Max) | 33 | 3300 | ₹194,700 |
| Lot Size Calculator | |||
About L&T Finance Holdings Limited
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.
Objects of the Issue (L&T Finance IPO Objectives)
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.
L&T Finance IPO Subscription Status (Bidding Detail)
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 |
L&T Finance Holdings Ltd IPO Grading
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
L&T Finance IPO Prospectus
L&T Finance IPO Rating
1129
4.2
Rating:
Vote Here ...
- 1
- 2
- 3
- 4
- 5
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 |
Listing Day Trading Information
| 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 |
Check IPO Performance…
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: ltfh-ipo@ltfinance.com
Website: http://www.ltfinanceholdings.com
L&T Finance IPO Registrar
Sharepro Services Private Limited
Phone: 9999999999
Email: ipoltfh@shareproservices.com
Website:
L&T Finance IPO - Buy or Not
L&T Finance IPO Recommendation Summary
| Review By | Subscribe | Neutral | Avoid |
|---|---|---|---|
| Brokers | 8 | 0 | 0 |
| Members | 0 | 0 | 0 |
Read All ReviewsPost Your Review Manage Reviews
L&T Finance IPO Lead Manager(s)
- Citigroup Global Markets India Private Limited (Past IPO Performance)
- (Past IPO Performance)
- Jm Financial Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager PerformanceTracker
L&T Finance IPO FAQs
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 .
The L&T Finance IPO listing date is on August 12, 2011.
L&T Finance IPO Message Board
Ranked Members | Most Liked Members
825 Comments
Stock Discussion
825.nitin sharma| Link| Bookmark|September 9, 2011 10:51:49 PM
dear mr shreedhar i have 386 shares of lntfh should i exit at issue price or should stay. do suggest abt invsting in ongc fpo. pl do reply.
824.dash dash| Link| Bookmark|August 31, 2011 1:06:08 PM
Buy l & T Finance Target 56 next week . Buy above 50 only stoploss 48.00
823.SAHIL SATIJA| Link| Bookmark|August 29, 2011 7:30:19 PM
BUY L&T FINANCE HOLDING NOW, MAY GET BANKING LICENCE.
822.Shripadk| Link| Bookmark|August 25, 2011 7:04:05 PM
If one want to buy from secondary market then why L&TFH There are lot many good scripts with better trading history & good valuations/brand
821.Ravi, Bangalore| Link| Bookmark|August 25, 2011 5:23:21 PM(300+ Posts)
This is further to my Post # 819.
It could fall down to 43, 39 or even below 34. Short-term investors can buy only if it crosses 52.
CLSA downgrades financial institutions on asset quality concern
http://www.moneycontrol.com/news/fii-view/clsa-downgrades-psu-banksasset-quality-concern_579968.html#toptag
820.firdous fatima| Link| Bookmark|August 25, 2011 2:55:34 PM
L&T FH - next week target 60.....buy for long term 100
819.Prince Williams| Link| Bookmark|August 19, 2011 6:21:03 PM
Dear Shreedher,
Thanks Shreedhar, as per your advice, I have started buying L&T Fin. at every fall from 45 (for long term).
818.Ravi, Bangalore| Link| Bookmark|August 19, 2011 5:17:35 PM(300+ Posts)
This is further to my Post # 810.
L&TFH 45
It could further drop to 42, then to 38 or even to 32.
I would like to buy once it crosses 52.
Right now, I don't like this stock.
817.Tejas| Link| Bookmark|August 19, 2011 1:36:12 PM
Stock now trading below 45, one more case like NHPC, IBPOWER, SJVN, PTCFS
816.pakka hindustani| Link| Bookmark|August 19, 2011 10:15:45 AM
Dear Experts,
I have one very basic question.
Can u pls tell me how to buy and sell Mannapurmam/ muthoot ncd in icicidirect, axisdirect. Can they be bought and sold like shares.
thanks in advance.
815.BEST ANALYSIS| Link| Bookmark|August 18, 2011 9:05:30 PM
INDIA INFOLINE NCD
BASIS OF ALLOTMENT OUT.100 % (FIRM) ALLOTMENT TO0 EACH APPLICANT
814.Rohit Gupta| Link| Bookmark|August 17, 2011 2:34:05 PM
any one received the refund amount
813.vipin yadav| Link| Bookmark|August 16, 2011 1:13:49 PM
L & T finance
Applied for a lot by a brokerage firm
Didn't got a single share .
I m waiting for my refunds
Kindly help
thanks & regards
VIPIN YADAV
812.RSquare| Link| Bookmark|August 15, 2011 2:48:09 PM
Mr. M.Gupta
You were the perfect one to guess listing price. I'am very much impressed with your against the public opinion advise which is perfect in maximum cases.
keep it up and keep posting.
thanks
811.priya nayak| Link| Bookmark|August 15, 2011 10:16:09 AM
Well, the listing gains which many expected have turned in to listing losses.Losses are going to be more in days to come, in view of global uncertainities and domestic scenario. But, if you are an investor should it upset you?
Investor is one who takes a longer term view, and is not perturbed by daily fluctuations in the market.This share got a rating of 5.It is a fundamentally strong company.No reason why it should not reward an investor when market rebounds.My advice is hold it and dont sell in panic.
810.RAHUL JAIN| Link| Bookmark|August 13, 2011 6:52:36 PM
Some broker are missuse this site .they are giving comission to direct investor that is against sebi rules. I will complaint SEBI for this matter for those agent who are publising there contect number on portel for contect him regarding investment on comission basis It is not fair to talk about comission or brokerage slab.i am a investor and wants to ban this type of information some broker are missuse this portel for as there advertisem*nt that is fully wrong. I apeal chittorgarh management for take some action in this matter.
809.Ravi, Bangalore| Link| Bookmark|August 13, 2011 2:22:11 PM(300+ Posts)
The company’s decision to price the issue close to the lower end of the band led many to believe there could be decent gains on listing. But the stock was down around 3% in the first hour of trade.
Pricing is the major reason for this kind of listing. That may probably explain poor response by QIBs.
L&T group willing be coming out with many new IPOs in next few years. Management is destroying the goodwill that "L&T" has in the market?
Non-banking finance stocks are not the best of bets in a rising interest rate scenario. On the face of it, things look gloomy for both banks and NBFCs for a while since the RBI is in no mood to cut rates yet. Investors need to wait for at least one week. allow it to settle before taking decision. Traders need not be in a hurry to buy till it clears issue price. If it is able to clear issue price in next 15 days, it is a great opportunity for traders.
808.santonu| Link| Bookmark|August 13, 2011 12:17:07 PM(200+ Posts)
FULLY AGREED WITH SUDEEP,INFACT IT IS A GREAT LISTING,IT KEEPS ALL THE INVESTOR HAPPY ON FIRST DAY, NO BODY HAS ANY COMPLAIN
807.sudeep jain| Link| Bookmark|August 13, 2011 10:09:03 AM
most of the ipo listed during last one year are trading 50 to 70 % discount,L&T not an exception.Nifty is bound to go below 5000 and may b to 4600. Market is traping d small investors and the same is part of the game of share market which is run by big hands...!
I must say that it is a great listing, considering the fact that ever since the issue got closed,the Sensex and Nifty have corrected between 4% and 5% D stock is showing quite a bit of resilience.I have seen in the past, on d first day,a lot of volume comes in.It is very nicely absorbing the volume.All in all, i m very happy.I think a lot of inst investors like d business model.
806.IPOKAIZEN| Link| Bookmark|August 13, 2011 12:16:08 AM
santonu's - IPO Recommendations, IPO Comments, Public Profile
i think listing is not so disappinting considering presesnt market turmoil.if market improves, stock may touch 57-60 soon
THERE IS HOPE TILL THERE IS LIFE..
Stock Discussion
Check Messages by Ranked Members
Find L&T Finance IPO Latest Update
Useful Articles
- Top 10 Discount Brokers | Top 10 Full-Service Brokers
- HUF Account Basics Explained (Bank, Demat and TradingAccount)
- List of All Articles...
Compare IPOs with L&T Finance IPO
By Popular Stock Brokers
Kotak Securities
(Trade Free Plan)
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
CONTACT US
SITEMAP
ADVERTISE WITH US
ABOUT US
Best Discount Broker in India
Zerodha (₹20 per Trade)
Upstox (₹20 per Trade)
Angel One (₹20 per Trade)
Nuvama Wealth (₹10 per Trade)
5Paisa (₹20 per Trade)
ProStocks (₹899 Unlimited)
Best Full-Service Brokers in India
Angel One
Kotak Securities
Nuvama Wealth
ICICI Direct
Motilal Oswal
Unlimited Monthly Trading Plans
Prostocks (₹899 Unlimited)
SAS Online (₹999 Unlimited)
Tradeplus
Compare Share Broker in India
Zerodha Vs Upstox
Nuvama Vs Zerodha
ICICI Direct Vs HDFC Sec
Zerodha Vs 5Paisa
Zerodha Vs ProStocks
Download Mobile App
Disclaimer and Privacy Statement.
© 2023 Chittorgarh Infotech Pvt Ltd. All Rights Reserved.
