| The Issue | L & T Finance Holdings Limited |
| Sector | Financial Services |
| Transaction | Book Building |
| Issue Size | (*) equity shares of Rs 10 each aggregating to Rs 1245 crs |
| (*)% of the post issue paid-up capital | |
| IPO Dates | July 27th 2011 – July 29th 2011 |
| Price Band | Rs 51 to Rs 59 |
| Bid Lot | 100 equity shares and in multiples of 100 |
| IPO Grading | CARE: 5/5 Strong Fundamentals |
| Exchanges | BSE; NSE |
| Global Co-ordinators | JM Financial Consultants Private Limited; Citigroup Global |
| & BRLM | Markets India Private Limited; HSBC Securities & Capital |
| Markets (India) Private Limited; | |
| BRLM & Co-BRLM | Barclays Securities (India) Private Limited; Credit Suisse |
| Securities (India) Private Limited; Equirus Capital Private Limited | |
| Registrar | Sharepro Services (India) Private Limited |
Objects of the Issue
ü Repayment of inter-corporate deposit issued by the Promoter to the Company;
ü To augment the capital base of L&T Finance and L&T Infra, to meet the capital adequacy requirements to support the future growth in their business;
ü To achieve the benefits of listing on the Stock Exchanges;
ü For other general corporate purposes including meeting the expenses of the Issue.
The Business
They are a financial holding company offering a diverse range of financial products and services across the corporate, retail and infrastructure finance sectors, as well as mutual fund products and investment management services, through their direct and indirect wholly-owned subsidiaries.
Their Company is registered with the RBI as an NBFC-ND-SI.
They are promoted by Larsen & Toubro Limited ("L&T"), one of the leading companies in India, with interests in engineering, construction, electrical and electronics manufacturing and services, information technology and financial services.
They are headquartered in Mumbai, and have a presence in 23 states in India. As at May 31, 2011, they had 837 points-of-presence across India, comprising 117 branch offices, 269 meeting centers, 37 KGSK centers and 414 customer care centers across all of their business groups and segments.
Strategy
ü Continue to expand their business to include new products and services, as well as entirely new lines of business
ü Increase the market penetration of their existing products and services
ü Continue to focus on two key Indian growth stories: infrastructure and rural development
ü Develop their financial products distribution business segment
ü Continue to attract and retain talented professionals
ü Continue to focus on the growth of their retail loan portfolio
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Strengths
ü Diversified and balanced mix of high growth businesses
ü Strong distribution network, with a presence throughout India
ü Experienced management team and employees with a proven track record of establishing and growing new lines of business
ü High quality loan portfolio comprising the funding of mainly income-generating assets and activities
ü Good financial and capital position, as well as access to multiple sources of capital
ü Strong parentage and brand equity of L&T
