L&T Finance Holdings, a subsidiary of engineering giant Larsen & Toubro which is slated to come out with its IPO starting on 27th July 2011. The company has come out with the price band of its IPO today and fixed it at Rs 51 at lower level and Rs 59 per equity share at upper level. The company will issue — equity shares of Rs 10 each in the primary market.
IPO Summary :-
IPO Open : 27th July 2011 – 29th July 2011
IPO Type : 100% Book Built Issue IPO
IPO Size : —-Equity Shares of Rs 10 each
IPO Size : Rs 1,245.00 Crore
Face Value : Rs 10 Per Equity Share
IPO Price : Rs 51 – Rs 59 Per Equity Share
Minimum Bid Quantity : — Shares (Rs.— with 1 Lot) @ upper level of price band
Maximum Bid Quantity : — Shares (Rs. —– with — Lots ) @ upper level of price band
Listing At : BSE, 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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