L&T Finance Holdings IPO, Review, IPO Performance by IPOPlatform India

About L&T Finance Holdings

Company Information

L&T Finance Holdings Limited is a financial holding entity that provides a wide range of financial products and services across various sectors, including corporate, retail, infrastructure finance, mutual fund products, and investment management services. These services are offered through the company's direct and indirect wholly-owned subsidiaries. It is registered with the RBI as an NBFC-ND-SI.

The company is promoted by Larsen & Toubro Limited (L&T), a leading Indian company with diverse interests in engineering, construction, electrical and electronics manufacturing and services, information technology, and financial services. As of March 17, 2011, L&T's market capitalization was '927,640 million (Source: www.bseindia.com).

Headquartered in Mumbai, the company has a presence in 23 states across India. As of February 28, 2011, it had 890 points of presence

Object of Issue

Repayment of inter corporate deposit issued by Promoter to the Company
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
To achieve the benefits of listing on the Stock Exchanges and
For other general corporate purposes including meeting the expenses of the Issue

L&T Finance Holdings MainBoard IPO Details (at the time of IPO)

IPO Type :

Book Building

IPO Date :

Aug, 2011

IPO Size :

1245.00 Cr.

IPO Subscription :

5.34 X

PE Multiple :

24.80

Merchant Banker :
Citigroup Global Markets India Private Limited

IPO Registrar:
Sharepro Services Private Limited

FAQs

1. What is L&T Finance Holdings IPO?

L&T Finance Holdings operates in Banking And Finance and NBFC. The Issue is listed on MainBoard in Aug, 2011. L&T Finance Holdings IPO size was 1245.00 Cr. with Issue price of 52.00 .

2. Who is the merchant banker of L&T Finance Holdings IPO?

Merchant Banker(s) of L&T Finance Holdings IPO: Citigroup Global Markets India Private Limited , Hsbc Securities & Capital Markets Private limited , Jm Financial Limited

3. How many times L&T Finance Holdings IPO was subscribed?

L&T Finance Holdings IPO subscription was 5.34 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

4. What is the listing price of L&T Finance Holdings IPO?

L&T Finance Holdings IPO listed at a listing price of 49.95 against the offer price of 52.00.

5. What is the current market price of L&T Finance Holdings IPO?

The current market price of L&T Finance Holdings is 144.47.