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)

Issue Size: 21.1 – 24.4 crs shares
QIB upto 50% eq sh
Retail atleast 35% eq sh
Non Institutional atleast 15% eq sh
Face Value: Rs 10
Book value: Rs 20.40 (March 31, 2011)
Bid size: - 100 equity shares and in multiples
thereof
100% Book built Issue
Capital Structure:
Pre Issue Equity: Rs. 1477.02 crs
*Post issue Equity: Rs. 1748.04 crs
*Assuming the issue is subscribed at the upper price band
Listing: BSE & NSE
Lead Managers: JM Financial Consultants Pvt Ltd,
Citigroup Global Markets India Pvt Ltd, HSBC
Securities & Capital Markets (India) Pvt Ltd,
Barclays Securities (India) Pvt Ltd, Credit Suisse
Securities (India) Pvt. Ltd
Co- Book Lead Manager: Equirus Capital Pvt Ltd.
Registrar to issue: SharePro Services (India) Pvt
Ltd
*Assuming the issue is subscribed at the upper price band
CARE & ICRA IPO grading: CARE IPO Grade 5
and ICRA IPO Grade 5 indicating Strong
Fundamentals.