25 July 2011

L&T Finance Holdings Limited, issue opens 27th July, 2011

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L&T Finance Holdings Limited is registered with the RBI as an NBFC-ND-SI and is promoted by Larsen & Toubro Limited ("L&T").

The company offers 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, through its direct and indirect wholly-owned subsidiaries.

The company is issuing an IPO, following are the details.
 
Company Name :L&T Finance Holdings Limited
Issue Period :July 27th – July 29th 2011
Price Bands :Rs.51/- to Rs.59/-
Lot Size :100 Equity shares and multiple of 100 thereafter
Issue Size :Rs. 1245 crores (with reservation for Employee Rs. 50 cr. and further reservation of Rs. 120 cr. for L&T Shareholders.)
Face value :Rs. 10 each.
Listing :To be listed on NSE and BSE
CARE Rating :"IPO Grade 5" indicating "Strong Fundamentals"
Who can invest?Resident Indian individuals, Eligible NRIs, HUF, companies, corporate bodies, scientific institutions, societies and trusts, etc.

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