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LKP Finance Ltd.

BSE: 507912 Sector: Financials
NSE: LKPMERFIN ISIN Code: INE724A01017
BSE 15:40 | 17 Jan 126.20 3.20
(2.60%)
OPEN

125.00

HIGH

128.00

LOW

119.45

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 125.00
PREVIOUS CLOSE 123.00
VOLUME 11775
52-Week high 170.00
52-Week low 65.00
P/E 9.55
Mkt Cap.(Rs cr) 154
Buy Price 0.00
Buy Qty 0.00
Sell Price 126.00
Sell Qty 1621.00
OPEN 125.00
CLOSE 123.00
VOLUME 11775
52-Week high 170.00
52-Week low 65.00
P/E 9.55
Mkt Cap.(Rs cr) 154
Buy Price 0.00
Buy Qty 0.00
Sell Price 126.00
Sell Qty 1621.00

LKP Finance Ltd. (LKPMERFIN) - Company History

Originally incorporated as Elkaypee Merchant Financing in May '84, LKP Merchant Financing (LKPMF) was converted in Feb.'86 into a public limited company. It was promoted by L K Panday, C P Mehta and M V Doshi. In Feb.'94, the company came out with a rights-cum-public issue of equity shares (premium : Rs 25 and Rs 30 respectively), aggregating Rs 28.33 cr to consolidate its capital base and augment its long-term resources. The company offers a wide range of financial services -- issue management, bill discounting, leasing and hire-purchase, full fledged money changing and has also started providing travel related Insurance Policy to bound passengers, etc. It is a SEBI-authorised category-I merchant banker and a sponsor member of the OTCEI. LKPMF's select clients include MRF, HDFC, the House of Tatas, the Birlas, Godrej, Finolex and many others. In Sep.'95, the company allotted 2,50,000 cumulative redeemable preference shares of Rs 100 each aggregating Rs 2,50,00,000, on private placement basis. The company has been awarded the prestigious ISO-9002 Certificate in September, 1998 by KPMG Quality Registrar for money changes operation at Bombay, New Delhi, Chennai and Pune and is proposed to extend the quality systems in more branches during the year. LKPMF is recognised at one of the leading Money Changers in the country.