LTFH - - L&T Finance Holdings IPO
(Intial Public Offering)
(Intial Public Offering)
Opens for retail investors on 27th July 2011.
Issue closes on 29th July.
LTFH is a subsidiary of Larsen & Toubro offering a diverse range of financial products and services through its four operating subsidiaries namely,
L&T Finance (into retail and corporate finance), L&T Infrastructure Finance, India Infrastructure Developers Ltd and L&T Investment Management Limited
The price band Rs 51 to Rs 59.(Face value Rs 10).
Issue size Rs 1245 crs.
Lot size 100 shares and in multibles of 100.
35% of net issue is reserved for Retail Investors.
There is reservation for L&T employees and share Holders.
(The company has also decided to offer a discount of Rs.2 to the issue price for eligible employees).
JM Financial Consultants, Citigroup Global Markets and HSBC Securities are the joint global co-ordinators and the book-running lead managers (BRLM) to the issue.
Credit Suisse Securities and Barclays Securities are the BRLMs while Equirus Capital is the co-BRLM.
The IPO has been given the highest grading five on five by both CRISIL and CARE indicating strong fundamentals.
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