L&T Finance Holdings Limited has informed the share market (BSE/NSE) that the shares of its recent Initial Public Offering (IPO) will list on 12th August 2011. The IPO was open between 27th July 2011 to 29th July 2011. The price band was Rs 51 to Rs 59 and the Issue Price was fixed at near to the lower level of the price band, Rs 52 per equity share. The company had entered into primary market with an Initial Public Offering (IPO) of Rs 1,245.00 Crore. L&T Finance Holdings is a financial holding company offering 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.
IPO Listing Detail :-
Listing Date: 12th August 2011
BSE Scrip Code : 533519
NSE Symbol : L&TFH
Listing In : ‘B’ Group of Securities
ISIN : INE498L01015
Issue Price : Rs. 52.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share
The proceeds of the IPO are proposed to be utilized for repayment of intercorporate deposit issued by promoter to company (worth Rs 345 crore); and augmenting the capital base of L&T Finance (by infusing Rs 570 crore) and L&T Infra (by investing Rs 535 crore), to meet the capital adequacy requirements to support the future growth in their business.
The equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
The Book running lead managers (BRLM) to the issue are JM Financial Consultants Private Limited, Citigroup Global Markets India Private Limited, HSBC Securities and Capital Markets (India) Private Limited, Barclays Securities (India) Private Limited and Credit Suisse Securities (India) Private Limited.
Registrar of the Issue : Sharepro Services Private Limited, Mumbai.
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