L&T FINANCE HOLDING LTD.

IPO
Kumar Fanishwar Priyanka Nagpal Shruti Sharma

Introduction:
L&T Finance Holding Ltd (L&TFHL) Offering a diverse range of financial products and services LTFH is headquartered in Mumbai Presence in 23 states in India. May 31, 2011, it had 837 points-of-presence across India through its subsidiaries

Operational Corporate Structure

Segments of L&T Finance Holdings

L &T Finance
Commercial Vehicle Finance. Rural Finance. Microfinance. Construction Equipment Finance. Working Capital Finance. Corporate Finance. Loan Against Securities. Insurance & Mutual Funds.

L& T Infra Project Finance. Investment. Financial Advisory Services. Infrastructural Bonds.

The IPO

Before the IPO

L&T completed pre-private placement of 6cr equity shares at Rs. 55 per share aggregating to Rs. 330cr with Capital International.

Objectives of the Issue

Repayment of inter corporate deposit

Augment the capital base of L&T Finance and L&T Infra Achieve the benefits of listing on the stock exchanges;
Other general corporate purposes (including issue expenses, brand building, acquiring fixed assets etc.)

Utilization of Net Proceeds.

Capital Infusion L&T Infra, 36%

Promoters Debt Repayment, 26%

Capital Infusion L&T Finance, 38%

Strengths
Strong parentage and brand equity of L&T. Diversified and balanced mix of high growth businesses. Strong distribution network. Experienced management team and employees

Good financial and capital position

Risk Factors
Regulatory uncertainties in NBFC sector

Risk of default and non-payment.

A Holding company (all operations carried out by the subsidiary companies) Risks associated with microfinance lending's

Increasing competition

L&T Finance Lead Managers

Citigroup Global Markets India Private Limited HSBC Securities & Capital Markets Pvt Ltd JM Financial Consultants Private Limited

ISSUE HIGHLIGHTS

Issue Highlights:
Issuer
Issue Open Issue Close Issue Type Issue Size (Rs) Price Band Face Value Bid Size

L&T Finance Holdings Ltd.

July 27 2011 July 29 2011 100% Book built Issue IPO 1,245.00 Cr Rs 51Rs 59 per Equity Share Rs.10 100 Shares

Listing
Amount proposed to be raised Public Issue of

NSE & BSE

Rs 1076.19-1245 cr 211,016,949 Equity Shares -244,117,647 Equity Shares

CARE IPO GRADE

5 (Strong Fundamentals)

Number of Times Issue Subscribed (BSE & NSE)

As on Date & Time (QIBs) (NIIs) (RIIs)
73,774,510 31,617,647 10,204,082

Employee Reservations

Others
23,529,412

Total

Shares Offered / Reserved 75,382,416 Day 1 - Jul 27, 2011 17:00 IST Day 2 - Jul 28, 2011 17:00 IST

214,508,067

0.6400

0.3900

0.4600

0.0300

0.1700

0.4600

0.7200

0.5000

2.2100

0.5100

0.9600

1.2200

Listing Day Trading Information

BSE
Issue Price Open Low High Last Trade Volume
Rs. 52.00 Rs. 51.00 Rs. 49.50

NSE
Rs. 52.00 Rs. 53.85 Rs. 49.30

Rs. 52.50
Rs. 49.95 44,321,154

Rs. 53.85
Rs. 50.05 98,188,151

Shareholding Pattern

Shareholding Pattern:
Holder's Name Promoters General Public Others (RIIs) Foreign Institutions Financial Institutions No of Shares 1417024221 119910842 60507827 44877492 32270116 25627813 13014632 1233748 263096 % Share Holding 82.64% 6.99% 3.53% 2.62% 1.88%

Other Companies
Mutual Funds Foreign NRI Directors

1.49%
0.76% 0.07% 0.02%

Shareholding Patterns:
Pre Issue (%)
Promoters & Promoters Holding 95.94 Group Non Institutes Public Total Share Capital 4.06 100

Post Issue (%)

82.3-83.9

3.5- 3.6 12.5-14.2 100

Ratios:

Peer Comparison:

Timing of the Issue

Overall negative trend in the market due to US downgrade . Faith of investors.