Wednesday, 27 July 2011

L&T Finance IPO from L&T Finance Holdings

L&T Finance Holdings Limited a subsidiary of Larson & Toubro issues Initial Public Offering of equity shares with a face value of Rs. 10 with price of band of Rs. 51 to Rs. 59 per share. L&T Finance Holdings Limited incorporated in 2008, which offers a wide range of financial products and services. The company is promoted by Larson & Toubro Limited, one of the leading companies in India.

The L&T Finance Holdings limited issues IPO of around 2.11 crore to 2.44 crore equity shares to raise around Rs. 1245 crore. The IPO is 100% Book built Issue and one can bid for a minimum of 100 equity shares and the multiples of 100 equity shares thereafter.

The issue already opened today, 27th July, 2011 and will be closed on 29th July, 2011. This is a Grade 5 IPO which indicates Strong Fundamentals. The shares will be listed in both BSE & NSE. The Book Running Lead Managers (BRLMs) are Citigroup Global Markets India Private Ltd, HSBC Securities & Capital Markets Pvt Ltd and JM Financial Consultants Pvt Ltd and The Registrar is Sharepro Services Pvt Ltd.

The Bankers for Issuing IPO are Axis Bank Ltd, DBS Bank Ltd, City Union Bank Ltd, Dhanlaxmi Bank Ltd. The Federal Bank Ltd, Citibank N.A., The Hongkong & Shanghai Banking Corporation Ltd., ICICI Bank Ltd, IDBI Bank Ltd, State Bank of India and HDFC Bank Ltd.

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