Tag Archives: L&T Finance IPO Price

L&T Finance Holding IPO Price set near Lower band

It was good news from L&T finance holding , they had their IPO over subscribed by more than 5 times or so and it was heard most of the bidding was near the higher band of 69 still the company has set the IPO price at 52 rs , which is really good for the investors and retailers , have never seen any company doing like this when the subscription was good and also when the subscription was happening at the higher end .

The company was offering 214.51 million shares to raise funds for strengthening its capital base, for lending and for repayment of debt.Before the launch of the public offering, L&T Finance had raised around $36 million from three cornerstone investors including DSP BlackRock, Malaysia’s Khazanah and US private-equity fund Capital International.It had earlier raised $75 million in a pre-IPO share placement to Capital International.