L&T FINANCE IPO DETAILS LIKELY TO OPEN FROM JULY 19 : CHIEFSWORLD
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*l*l*CHIEF*l*l* CHIEF
Jul 11, 2011, 3:54:50 PM7/11/11
to chiefsworld
L&T FINANCE IPO DETAILS
Incorporated in 2008, 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.
Promoted by Larsen & Toubro Ltd, one of the leading companies in
India, with interests in engineering, construction, electrical and
electronics manufacturing and services, information technology and
financial services, L&T Finance Holdings is registered with the RBI as
a Systemically Important Non-Deposit Taking Non-Banking Financial
Company and has applied for registration as a Core Investment Company.
Company's operations are arranged into four business groups – the
Infrastructure Finance Group, the Retail Finance Group, the Corporate
Finance Group and the Investment Management Group. LTF's customer
includes individual retail customers as well as large companies,
banks, multinational companies and small- and medium-enterprises.
LTF offers a spectrum of financial products and services for trade,
industry and agriculture. The company's focus segments are corporate
products, construction equipment, CVs and tractors.
Objects of the Issue:
The object of the issue are: 1. Repayment of inter corporate deposit
issued by Promoter to the Company;
2. To augment the capital base of L&T Finance and L&T Infra, to meet
the capital adequacy requirements to support the future growth in
their business;
3. To achieve the benefits of listing on the Stock Exchanges; and
4. For other general corporate purposes including meeting the expenses
of the Issue.
Issue Detail:
»» Issue Open:
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: Equity Shares of Rs. 10
»» Issue Size: Rs. 1,750.00 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. - Rs. Per Equity Share
»» Market Lot:
»» Minimum Order Quantity:
»» Listing At: BSE, NSE
L&T Finance Holdings, a subsidiary of engineering and construction
company Larsen & Toubro , has raised Rs 330 crore via pre-IPO
placement.
The company has issued six crore equity shares at Rs 55/share to US-
based PE fund of Capital International.
Sources indicate that the company is likely to launch its initial
public offer on July 19. Sources also say road shows for L&T Finance
IPO began on Wednesday.
The total capital raised through the issue may be scaled down to Rs
1575 crore, sources added.
L&T Finance 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, through direct and indirect wholly-
owned subsidiaries.
L&T Finance Holdings' wholly owned subsidiaries are L&T Infrastructure
Finance Company Limited, L&T Finance Limited, L&T Investment
Management Limited, L&T Mutual Fund Trustee Limited and India
Infrastructure Developers Limited.
Company intends to use issue proceeds 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.
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 are the book running
lead managers to the issue. Equirus Capital Private Limited is the co-
book running lead manager.
Incorporated in 2008, 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.
Promoted by Larsen & Toubro Ltd, one of the leading companies in
India, with interests in engineering, construction, electrical and
electronics manufacturing and services, information technology and
financial services, L&T Finance Holdings is registered with the RBI as
a Systemically Important Non-Deposit Taking Non-Banking Financial
Company and has applied for registration as a Core Investment Company.
Company's operations are arranged into four business groups – the
Infrastructure Finance Group, the Retail Finance Group, the Corporate
Finance Group and the Investment Management Group. LTF's customer
includes individual retail customers as well as large companies,
banks, multinational companies and small- and medium-enterprises.
LTF offers a spectrum of financial products and services for trade,
industry and agriculture. The company's focus segments are corporate
products, construction equipment, CVs and tractors.
Objects of the Issue:
The object of the issue are: 1. Repayment of inter corporate deposit
issued by Promoter to the Company;
2. To augment the capital base of L&T Finance and L&T Infra, to meet
the capital adequacy requirements to support the future growth in
their business;
3. To achieve the benefits of listing on the Stock Exchanges; and
4. For other general corporate purposes including meeting the expenses
of the Issue.
Issue Detail:
»» Issue Open:
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: Equity Shares of Rs. 10
»» Issue Size: Rs. 1,750.00 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. - Rs. Per Equity Share
»» Market Lot:
»» Minimum Order Quantity:
»» Listing At: BSE, NSE
L&T Finance Holdings, a subsidiary of engineering and construction
company Larsen & Toubro , has raised Rs 330 crore via pre-IPO
placement.
The company has issued six crore equity shares at Rs 55/share to US-
based PE fund of Capital International.
Sources indicate that the company is likely to launch its initial
public offer on July 19. Sources also say road shows for L&T Finance
IPO began on Wednesday.
The total capital raised through the issue may be scaled down to Rs
1575 crore, sources added.
L&T Finance 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, through direct and indirect wholly-
owned subsidiaries.
L&T Finance Holdings' wholly owned subsidiaries are L&T Infrastructure
Finance Company Limited, L&T Finance Limited, L&T Investment
Management Limited, L&T Mutual Fund Trustee Limited and India
Infrastructure Developers Limited.
Company intends to use issue proceeds 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.
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 are the book running
lead managers to the issue. Equirus Capital Private Limited is the co-
book running lead manager.
*l*l*CHIEF*l*l* CHIEF
Jul 18, 2011, 4:33:43 PM7/18/11
to chiefsworld
On Jul 12, 12:54 am, "*l*l*CHIEF*l*l* CHIEF" <chief...@gmail.com>
wrote:
Market Services Ltd.
Issue Period: July, 27 to July, 29,
2011
Issue Size : Rs. 1245 cr
Price Band: Will be announced two
working days prior to the issue opens
Lot Size: Will be announced
two working days prior to the issue opens
Employee Discount : Will be announced two working
days prior to the issue opens
Registrar: Sharepro Services
(India) Private Limited
QIB Book: 50% of Net issue size
HNI Book: 15% of Net issue size
Retail Book: 35% of Net issue siz
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