IPO Synopsis
| L&T Finance Ltd |
|---|
| Registered Office: Brindavan Plot No 177 CST Road,Kalina Santacruz (East),Mumbai-400098, Maharashtra |
| Tel. No: 91-22-62125000 |
| Fax No: 91-22-62125553 |
| Email: igrc@ltfs.com; team.sec2@ltfs.com; secretarial@ltf |
| Website: www.ltfs.com |
| Public issue of up to [*] equity shares of Rs. 10 each ("Equity Shares") for cash by L&T Finance Holdings Limited (The "Company" or The "Issuer") at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) aggregating up to Rs. 1,245.00 crores (The "Issue") including reservation of up to [*] equity shares for subscription by eligible employees for cash at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) aggregating up to Rs. 50.00 crores (The "Employee Reservation Portion") and a reservation of up to [*] equity shares for subscription by L&T shareholders for cash at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) aggregating up to Rs. 120.00 crores (The "L&T Shareholders Reservation Portion"). The issue will constitute approximately [*]% of the post- issue share capital of the company and the net issue will constitute approximately [*]% of the post-issue share capital of the company. Issue price is Rs. 52 per equity share of face value of Rs. 10 each. The issue price is 5.2 times the face value A Discount of Rs. 2 per equity share to the issue price has been offered to the eligible employees ("Eligible Employee Discount") |
| Issue | Money Payable On | ||
|---|---|---|---|
| Opens On | Closes On | Application | |
| 27-Jul-2011 | 29-Jul-2011 | ₹52.00 - 0.00 | |
| Minimum Application for shares in Nos : 100.0 | Further Multiples of :100.0 |
|---|
| (₹ Cr) | Lead Managers to the Issue | |
|---|---|---|
| Project Cost | 1,526.44 | Barclays Securities (India) Pvt Ltd |
| Project Financed through Current Offer | 1,245.00 | Citigroup Global Markets India Pvt Ltd |
| Post Issue Equity Share Capital | 1,681.65 | Credit Suisse Securities (India) Pvt Ltd |
| Issue Price | 52.00 | Equirus Capital Pvt Ltd |
| Projects |
|---|
| Repayment of intercorporate deposit |
| To augment capital base of L&T Finance & L&T Infra |
| For other general corporate purposes |
| Promoted By |
|---|
| Larsen & Toubro Ltd |
| Listing At |
|---|
| BSE |
| NSE |
| Registrar To The Issue |
|---|
