L&T Finance Allotment Price & Details

L&T Finance holdings which was open for subscription in price band of Rs.51 to Rs.59 has announced Rs.52 as its allotment (cut-off) price . Investors who applied at cut-off price would get the balance refunded by the registrar one day prior to listing of the shares.

Subscription details to the issue is given below:


To check if your application in L&T Finance Holdings got alloted, CLICK HERE.

The shareholders and employees quota put together has been at five times. If this allotment is on clubbed basis, then one fifth of applied shares may be alloted or one in five application may be alloted.

The Public quota has oversubscribed by 9%. Hence the chance of allotment are relatively bleek in this category. For someone to get allotment in this category, they need to be lucky.

And the participation by FII and Mutual funds is quiet weak ( at 1.93 times).

Hence the stock price may not runup on listing. May be a marginal appreciation of 5% to 10% on listing is possible. Investors who didnot get allotment in the IPO or didnot apply for the IPO may consider adding L&T Finance on listing. With a three to five years outlook, this company may deliver good returns with further unfolding of its foray into direct banking business.