Sunday, July 31, 2011

Investors amazed by L&T Finance fixing its share price at Rs 52/-

L&T Finance Holdings Ltd fixed its IPO share price at Rs 52/- against its price range of Rs 51/- to 59/-. Issue of L&T Finance was open for subscription on Jul 27, 2011 and closed on Jul 29, 2011.

Considering the size of the issue and poor performance of stock markets last week, L&T Finance IPO received above average response for its share sold through IPO. Issue subscribed 5.3 times in total and 9.6 times in retail category.

Company surprised its investor by fixing the final price on its IPO share the very next day after its IPO was closed for subscription. Investors also appreciated the company for keeping the share price reasonable even after good demand of its share.

The true value of L&T Finance shares now will be discovered in second week of August 2011 when the share of the company will list at BSE and NSE.

L&T Finance IPO Share Allotment status and L&T Finance IPO listing date are expected around 8th Aug, 2011. Visit our IPO Detail page to discuss and share your thoughts on listing of L&T Finance shares.