SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

CARE assigns ‘IPO Grade 5’ to the proposed IPO of L&T Finance Holdings

04 Jul 2011 Evaluate

Credit rating agency, CARE has assigned ‘CARE IPO Grade 5’ to the proposed IPO of L&T Finance Holdings. ‘CARE IPO Grade 5’ indicates ‘Strong Fundamentals’. The grading reflects strong consolidated financial position, comfortable liquidity position with strong resource raising ability and good asset quality of its subsidiaries.

Larsen & Toubro’s (L&T) financial services unit - L&T Finance Holdings - had filed the draft red hearing prospectus (DRHP) with market regulator SEBI for raising Rs 1,750 crore from the initial public offer (IPO). Earlier in September 2010, it had planned for Rs 1,500 crore IPO. But now the company has increased the size of the IPO from Rs 1500 crore to Rs 1,750 crore.

As per the details available with the (DRHP) filed with the SEBI, the company may consider a pre-IPO placement of 6 crore equity shares to one or more investors, totaling up to Rs 400 crore.

The company had received all necessary approvals from the government. The IPO proceeds will used to augment the capital base of L&T Finance and L&T Infra to meet the capital requirements arising out of expected growth in their assets, primarily the loan portfolio, and for other general corporate purposes. JM Financial, Citigroup and HSBC are among the book running lead manager to the issue.

L&T Finance Holding, a leading non-banking finance firm. Mumbai headquartered, L&T Finance is a financial holding company offering a diverse range of financial products and services across the corporate, retail and infrastructure finance sectors, as well as mutual fund products and investment management services, through its direct and indirect wholly-owned subsidiaries.

L&T Finance Holding has two major subsidiaries, L&T Infrastructure Finance Company (L&T Infra) (which is registered with RBI as an Infrastructure Finance Company) and L&T Finance (LTF) (which is registered as NBFC- Asset Finance Company with RBI and is into corporate and retail financing).

 

L&T Finance Share Price

287.35 7.05 (2.52%)
17-Apr-2026 16:59 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×