L&T F H IPO allotment status

L&T Finance Holdings IPO’s  basis of allotment is finalized. Shares were credited to respective demat accounts.

However the details are not yet updated in the  Registrar website.

But one may check status at Registrar site or in their demat account.

The Issue was closed on 29th July’11.

It was oversubscribed 5.34 times, while  Retail portion was subscribed 9.61 times more.

The share price was fixed at Rs.52/

HAPPY TRADING

L& T Fin Holdings IPO Bid Details

L& T Finance Holdings IPO  Bid Details:

As Per NSE

Number of shares on offer:                       21,45,08,067

Bids Received for                                        16,41,84,800 shares.

In total 0.77%, Retail portion was subscribed 1.31 times .

BSE received bids for                                 9,65,96,200 shares.

In Total bids were received for              26,07,81,000 shares. (1.21%)

Issue closes on 29th July. (Tomorrow) 

L&T Finance Holdings Ltd IPO

LTFH - - L&T Finance Holdings IPO
 (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.

Apply...

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SKS MICROFINANCE IPO – To apply or not . .

SKS Microfinance is the largest microfinance institution (MFI) in India in terms of total value of loans outstanding, number of borrowers and number of branches as per the Oct ‘09 CRISIL report.

The issue is for 1,67,91,579 shares.Face value Rs 10.

50,37,474 shares reserved for retail investors.

The Price Band is 850 – 985. Minimum quantity is 7 shares and there after in multiples of 7 shares.

The most important thing is , there is a discount of Rs 50/- for retail investors.

There is great support from QIBs.(20.38 times subscribed). Issue closed on 30th for QIBs.

The issue closes on 2nd August for retail investors.

Apply. you may apply for 98 shares at the maximum as retail investor.