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LKP Finance Ltd.

BSE: 507912 Sector: Financials
NSE: LKPMERFIN ISIN Code: INE724A01017
BSE 00:00 | 18 Sep 57.65 -1.05
(-1.79%)
OPEN

58.65

HIGH

59.40

LOW

57.05

NSE 05:30 | 01 Jan LKP Finance Ltd
OPEN 58.65
PREVIOUS CLOSE 58.70
VOLUME 503
52-Week high 98.95
52-Week low 46.40
P/E 7.37
Mkt Cap.(Rs cr) 72
Buy Price 57.00
Buy Qty 32.00
Sell Price 59.40
Sell Qty 76.00
OPEN 58.65
CLOSE 58.70
VOLUME 503
52-Week high 98.95
52-Week low 46.40
P/E 7.37
Mkt Cap.(Rs cr) 72
Buy Price 57.00
Buy Qty 32.00
Sell Price 59.40
Sell Qty 76.00

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.