L&T Finance Holdings Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 102,314,220 (43%) | — | ₹60,365 Cr |
| NII (HNI) | — | 30,694,265 (13%) | — | ₹18,110 Cr |
| Retail | — | 71,619,953 (30%) | — | ₹42,256 Cr |
| Employee | — | 10,000,000 (4%) | — | ₹590 Cr |
| Σ Total | — | 237,705,361 (100%) | — | ₹1,402,462 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹5,900 |
| Retail (Max) | 13 | 1,300 | ₹76,700 |
| S-HNI (Min) | 14 | 1,400 | ₹82,600 |
| B-HNI (Min) | 67 | 6,700 | ₹395,300 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Repayment of intercorporate deposit issued by the Promoter to the Company – 345.00
- 2 Infusion of capital in L&T Finance Limited – 515.00
- 3 Infusion of capital in L&T Infrastructure Finance Company Limited – 485.00
- 4 General Corporate Purposes – 181.44
Company Overview
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.