L&T FinanceLimited (LTF) a subsidiary of Larsen and Toubro is one of the leading NBFCs (NBFC means Non-banking financial company. A non-banking financial company (NBFC) is a company registered under the Companies Act, 1956 of India and is engaged in the business of loans and advances) in the country and offers a wide spectrum of financial products and services for trade, industry and agriculture.
L&T Finance offers a Initial Public Offer.
Issue opens- 27-July-2011 (Wednesday)
Issue closes- 29-July-2011 (Friday)
Price band will be between Rs.51 to Rs.59.
IPO size will be Rs.1750 crore.
Bid lot will be in multiples of 100.
Face value Rs.10.
Listing at NSE & BSE.
Since Larsen & Toubro Ltd is a USD 9.8 billion technology, engineering and construction group with operations spread across the globe, I think the investment will be good especially in long term point of view.
For more details refer RHP at http://www.sebi.gov.in/dp/landtfindraft.pdf
Regards Hari " लोका समस्ता सुखिनो भवन्तु "
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