Friday, July 22, 2011
The L&T Group's financial services subsidiary L&T Finance Holdings that controls five separate entities will hit the capital markets on July 27 to mobilise up to Rs 1,245 crore from the primary markets by diluting up to 17% of its stake.
The issue, which opens on July 27 and closes on 29th, will be priced in the range of Rs 51 to 59. This is the first public issue from the house of L&T since the parent's listing way back in 1950.
L&T Finance Holdings Ltd (LFHL) is promoted by Larsen & Toubro Ltd ("L&T") one of the leading business corporate in India, with interests in engineering, construction, Electrical & Electronics manufacturing and services, IT and financial services.
L&T brand is one among the most well trusted & valued brands in India which provides a significant competitive advantage, particularly in attracting new customers and talent and accessing capital. L&T enjoys a high level of trust, admiration and esteem with the general public.
2. Diversified and balanced mix of high growth businesses:
LFHL has well diversified its business model covering variety of many complementary, high growth business segments across four core business groups, including infrastructure, construction equipment, transportation equipment, rural products, microfinance, corporate loans and leases, supply chain finance, capital markets. Many of its segments, such as agricultural and rural development, infrastructure and energy have been identified by the GOI as focused areas under its latest Five Year Plan. We believe that this balanced mix of high growth businesses has provides the ability to produce a steady, growing revenue stream.
3. Strong distribution network:
The Company has established presence in 23 states in India. As on date it has 890 points-of presence across India, comprising 113 branch, 330 meeting centers, 33 Sales points and 414 customer care centers across all business groups and segments. This pan-India presence allows LFHL to cater to a large customer base across various business segments, from retail customers and small and medium enterprises to large companies.
Subscribe to L&T Finance IPO at cut-off Price
IPO Gyan|LnT Finance IPO|LnT Finance IPO Subscription|