Business Standard

L&T Finance Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

1,245.00 cr

Price Range (₹)

52

Lot Size

100

Min Investment (₹)

5,200.00

Listing Exchange

MumbaiNSE

Open Date

27-Jul-2011

Close Date

29-Jul-2011

Listing Date

12-Aug-2011

L&T Finance Ltd News

    The Shares of L&T Finance Ltd have now been listed.

    L&T Finance Ltd IPO Details

    Public issue of up to [*] equity shares of Rs. 10 each (Equity Shares) for cash by L&T Finance Holdings Limited (The Company or The Issuer) at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) aggregating up to Rs. 1,245.00 crores (The Issue) including reservation of up to [*] equity shares for subscription by eligible employees for cash at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) aggregating up to Rs. 50.00 crores (The Employee Reservation Portion) and a reservation of up to [*] equity shares for subscription by L&T shareholders for cash at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) aggregating up to Rs. 120.00 crores (The L&T Shareholders Reservation Portion). The issue will constitute approximately [*]% of the post- issue share capital of the company and the net issue will constitute approximately [*]% of the post-issue share capital of the company. Issue price is Rs. 52 per equity share of face value of Rs. 10 each.The issue price is 5.2 times the face valueA Discount of Rs. 2 per equity share to the issue price has been offered to the eligible employees (Eligible Employee Discount)

    Objective of issue

    Repayment of intercorporate deposit. To augment capital base of L&T Finance & L&T Infra. For other general corporate purposes.

    L&T Finance Ltd Contact Details

    L&T Finance Ltd, Samhita Complex, Plot No 13 AB, Saki Naka Andheri(E), Mumbai-400072

    Phone - 91-22-67720300/400

    Fax - 91-22-28591568

    Email - igrc@ltfs.com; team.sec2@ltfs.com; secretarial@ltf

    Website - www.ltfs.com