Join us on Whatsapp: +91 7977614821 OR Click here to directly join now!

Saturday, August 13, 2011

The Equity Shares of L&T Finance Holdings Limited listed on the exchanges on Friday, August 12, 2011. The share underwent a rather quiet listing with not too much of volatility on the listing day unlike most recent IPOs

L&T Finance opened on the BSE at Rs.51/- as against an Issue Price of Rs.52/- per share. It remained firm throughout the trading day without any crazy price movements and even at the low point of the day, it traded at Rs.49.50, at a discount of only 4.8% on the Issue Price. It did not run away on the upper side as well and only managed to touch Rs.52.50 as the Intra-day High on the BSE. The share finally concluded the listing day at Rs.49.95, down Rs.2.05 to the Issue Price

On the NSE, the share opened at Rs.53.85, which was also the Intra-day high and touched Rs.49.30 on the Intra-day low mark, before closing at Rs.50.05

L&T Finance Holdings Limited closed for subscription on July 29, 2011 and had managed to garner respectable participation with the IPO getting subscribed 5.34 times on an overall basis with 9.61 times oversubscription in the Retail Category. The special shareholders quota was subscribed 3.35 times


Post a Comment

Indian IPO Blog Feed Subscribers

Enter your email address:

Delivered by FeedBurner

- Disclaimer / Terms of Use
- Privacy Policy

Subscribe via email

Enter your email address:

Delivered by FeedBurner

By visiting or accessing this Blog and any/all of its subdomains, you solemnly declare that you have read, understood and agree to - Disclaimer / Terms of Service
View our - Privacy Policy

Trending IPO News

Blog Archive

Feed Subscribers