L&T Finance Holdings’ up to Rs 17.5 billion (USD 392 million) initial public offering will open on July 26 and close July 29, the company said in a filing with the Registrar of Companies.
The offer will be open for anchor investors on July 26, while it will open for retail bids the next day.
L&TFH, promoted by L&T, is a financial holding company offering a diversified range of financial products and services across the corporate, retail and infrastructure sectors and having presence in mutual fund products as well as investment management services through direct and indirect wholly owned subsidiaries. L&TFH is registered as a Non-Banking Finance Company (Non Deposit Taking – Systemically Important) (NBFC-ND-SI) and has applied to RBI for registration as a Core Investment Company (CIC). L&TFH has two major subsidiaries, L&T Infrastructure Finance Company Ltd (L&T Infra) (which is registered with RBI as an Infrastructure Finance Company) and L&T Finance Ltd. (LTF) (which is registered as NBFC- Asset Finance Company with RBI and is into corporate and retail financing). L&TFH also has two wholly-owned indirect subsidiaries (whollyowned subsidiaries of LTF) – L&T Investment Management Ltd (L&TIM) (which is registered as an asset management company with SEBI and has received a license from SEBI to conduct portfolio management services) and L&T Mutual Fund Trustee Ltd. (L&TMFT) (which is the trustee company for the Mutual Fund).
L&TFH is headquartered in Mumbai and has a presence through its subsidiaries in 21 States of India. As on February 28, 2011, L&TFH had 890 points of presence across India through 113 branches, 330 meeting centres, 414 customer care centres and 33 Kisan Gaurav Seva Kendras (centres to run schemes for financing the acquisition of farm equipment by farmers) across its major direct and indirect subsidiaries.
HSBC, Citigroup, JM Financial, Barclays Capital, and Credit Suisse are the arrangers to the L&T Finance offer. Sharepro Services Private Limited is the registrar to the issue.
Open Date 27-Jul-2011
Close Date 29-Jul-2011
Allotment Date 08-Aug-2011 (Expected)
Refund Date 09-Aug-2011
Listing Date : 09-to-11-Aug-2011 (Expected)