L&T Finance Holdings IPO (Initial Public Offering) : Subscribed 0.46 times on Day 1

by khalid on 27/07/2011 · 0 comments

The IPO of L&T Finance Holdings Limited has received a good response from the investors with the 1st day subscription figure reached to 0.46 times on an overall basis. L&T Finance Holdings IPO is open on 27th July 2011 and will get closed on 29th July 2011 for subscription. The IPO has managed to get a little bit better response from Retail Individual Investors Category where it overbid by 0.46 times on the 1st day of subscription. The price band for the issue is Rs 51 at lower level and Rs 59 at upper level. 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.

The category-wise subscription status of IPO on closing of 1st day is given below:-

Qualified Institutional Buyers (QIBs) : 0.64 times
Non Institutional Investors : 0.39 times
Retail Individual Investors : 0.46 times
Employee Reservations : 0.03 times
Others : 0.17 times
Overall : 0.46 times

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.

Stay tuned to BelltheBull Blog for more on L&T Finance Holdings IPO !

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