L&T Finance IPO over subscribed 5.19 times on final day

The initial public offer (IPO) L&T Finance Holdings was over subscribed 5.19 times on the final day of issue today, reflecting strong demand from investors.

The company's IPO, which aims to raise Rs 1,245 crore, received bids for 111.2 crore shares, as against 21.45 crore shares on offer, as per data available on the National Stock Exchange till 1800 hours.

L&T Finance Holdings IPO subscribed 5 times

The initial public offer of L&T finance holding  has received overwhelming response from all categories of investors out of which retail bought the highest. As per the data available on National Stock Exchange, the issue has subscribed five times on the last day,

Global mkts: Stocks fall, Australia dlr up

Asian stocks slid more than 1 percent in thin volume on Thursday as investors trimmed positions with just three trading days to go before a deadline to lift the US debt ceiling, while the Australian dollar showed resilience in the face of global sovereign risks.

Maruti workers go on strike again

Just over a month after they called off a 13-day-long stir that resulted in a loss of about Rs 630 crore, workers at Maruti Suzuki India's Manesar plant went on strike again this afternoon.

The workers resorted to a strike when five of them were suspended for "allegedly assaulting a supervisor" yesterday.

When contacted, a company spokesperson said: "One of the supervisors was assaulted by workers yesterday and when disciplinary action was being taken by way of suspension today, they have struck works at the plant. The number of workers on strike are much less this time."

It is understood that the five suspended workers had been issued a showcause notice by the management.

The workers, however, insisted it is not a full-scale strike.

"We observed a one-hour tool-down strike protesting against forcible eviction of four colleagues by police," a worker at the plant said.

L&T Finance Holdings IPO fully subscribed on Day 2

Public issue of L&T Finance Holdings - a subsidiary of engineering & construction major Larsen and Toubro - has been fully subscribed on Day 2.

It has been receiving bids from all kinds of investors - within that retail investors look quite supportive. Reserved portion of retail investors too have been fully subscribed.

L&T Finance IPO subscribed 46% on Day 1

The IPO of L&T Finance Holdings was subscribed nearly 46 per cent at the end of the first day of the issue.
The company's IPO received bids worth 9.82 crore shares till 17:00 hours on the first day, as against 21.45 crore shares on offer, as per data available on the stock exchanges.

CRISIL grades MCX IPO 5/5

Multi Commodity Exchange of India (MCX) has been assigned a CRISIL IPO grade of "5/5" (pronounced "five on five") by CRISIL Equities. A grade on 5/5 indicates that the fundamentals of the IPO are strong compared to the other listed equity securities in India. The grade reflects MCX's leadership position in the Indian commodity futures market over the past four years, with 82 percent share of the overall traded turnover in FY10. It was on March 31 that MCX filed a draft papers for the IPO with capital market regulator Sebi. According to the market sources, the share sale is expected to raise an estimated 800 crore.

MCX (Multi Commodity Exchange of India Ltd) IPO

MCX, the largest future commodity exchange in India was incorporated in the year 2003 with the aim of providing fully electronic online trading platform. FTIL (Financial Technologies (India) Ltd), has gained permanent recognition to facilitate online trading, and clearing and settlement operations for commodity futures across the country.

HCL Tech Q4 Results

HCL Tech  beat analysts’ expectations as net profit for the fourth quarter rose 51.7% year-on-year to Rs 510 crore. On a sequential basis the net profit was up 9%.

The mid-tier software services provider’s revenue for the three-month period, was however, marginally lower than analysts expectation at Rs 4,300 crore, up 27.5% year-on-year and 3.9% sequentially.

L&T Finance IPO: Review Analysis & Details

The size of L&T Finance IPO is Rs 1,245 Crore, and the reports are that the dilution for L&T Finance IPO will be around 15-17% 

What are the primary reasons for L&T to come out with the L&T Finance IPO?
The main reason for any company to come and list its shares in the stock market is to collect money from common public and so is the case with L&T Finance IPO

IPO Note and Rating

L& T Finance Holdings Ltd (LFHL)


Issue Snapshot:
Issue Open: July 27, 2011 – July 29, 2011
Price Band: Rs 51 – Rs 59
Issue Size: Rs 1245 crs (including employees –
Rs.50 cr and L&T shareholders – Rs.120 cr)

Subscribe to L&T Finance IPO

The initial public offering of L&T Finance Holdings(LFHL), a subsidiary of engineering and construction company L&T, will open for subscription on July 27. Mehta Equities has recommended investors to subscribe the issue, in its research report.

L&T Finance IPO opens Jul 27, price band fixed at Rs 51-Rs 59

 L&T Finance Holdings has announced a price band of Rs 51-Rs 59 for its IPO-- the first from L&T group since 1950-- which will hit the market on July 27 to raise Rs 1,245 crore.