Hinduja Leyland Finance has filed the Draft Red Herring Prospectus (DRHP) with capital markets regulator Securities and Exchange Board of India (SEBI) for its initial public offering.
The purpose of the IPO is to raise Rs. 500 crore (approx. $ 75 million) through a fresh issue of shares, besides an offer-for sale of up to 26,608,810 equity shares by the existing backer Everstone Capital. Everstone invested around Rs. 200 crore for an undisclosed stake in 2013. Currently, It is holding 15% stake of the company.
Company profile
Incorporated on 12th November, 2008 at Chennai Tamil Nadu in India. The company is a commercial vehicle financing units of Ashok Leyland Limited. It started its business on March 4,2009. The Company was subsequently granted the status of an NBFC-AFC by the RBI pursuant to a certificate of registration received on May 12, 2014. It is basically a non-deposit taking non-banking financial company having its branches in 22 states in India. It facilitates customised finance for the widest range of utility vehicles, tractors, cars, two-wheelers and other commercial vehicles, focusing on the semi-urban and rural sectors through its network. It is a part of Hinduja Group which has global presence in automobiles, energy, IT/ITES, banking and finance, media, entertainment and infrastructure.
Currently, the company’s assets under management stand at around Rs 8,500 crore, up from Rs 6,500 crore last year.
The firm operates through 317 branch offices and 1,550 business locations spread across 22 states and two union territories across India as per the record on December 31,2015.
Total revenue of the firm is recorded higher at Rs.821.79 crore in 2014-15 compared to Rs.641.5 crore in the last year. Net profit was at Rs.110.9 crore compared with Rs.78 crore in the previous year.
Outlook of the Firm
- Track record of business growth and consistent financial performance;
- Synergy with ALL and parentage of the Hinduja group;
- Experienced and proven leadership supported by a senior management team;
- Expansive and cost effective operational network;
- Independent risk management processes for credit analysis and underwriting.
Objects Of The Issue
1) To utilize the Net Proceeds from the Fresh Issue to augment its capital base to meet its future capital requirements.
2) Equity Shares will enhance the visibility and brand name of the firm.
Prospectus
Find the Draft Prospectus filed by Hinduja Leyland Finance here
Summary Of Issue
| Issue Open:- | – |
| Issue Type | 100% Book Built Issue IPO |
| Issue Size (Shares) | Equity Shares of Rs. 10 |
| Issue Size in (Value) | Rs. Crore |
| Face Value | Rs. 10 Per Equity Share |
| Issue Price | Rs. Per Equity Share |
| Market lots | – |
| Minimum Order Quantity | – |
| Listing At | BSE, NSE |
The public offer includes:-
| Particular | Number Of Equity Shares |
| Fresh Issue of | Equity Shares aggregating up to Rs. 500 crore ( about $75 million) |
| Offer For sale of | Up to 26 million Equity Shares |
Subscription Details
Pls. keep looking for this space for Subscription details
Hinduja Leyland Finance IPO Allotment Status
Hinduja LeyLand Finance IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.
One can check the allotment on the below given link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps
- Click on the given link See Hinduja Leyland Finance Allotment Status here
- Go to Application status
- Select IPO as Hinduja Leyland Finance
- Enter you PAN Number or Application Id or DP Client Id
It takes little time to fetch information so you need to be little patient.
Hinduja Leyland Finance Listing Date
Pls. keep looking for this space for Listing Date.
Promoters Of the Company:-
- Ashok Leyland Limited:- Incorporated on September 7,1948 under the Companies Act, 1913 with the RoC as “Ashok Leyland Limited”. Its registered office is situated at 1, Sardar Patel Road, Guindy, Chennai 600 032, India. The equity shares of ALL are presently listed on the NSE and the BSE.
- Hinduja Power Limited:- Incorporated on October 5, 2007, as “IXTF Mauritius”, a private company limited by shares, under the laws of Mauritius. It’s name was changed from IXTF Mauritius to Hinduja Power Limited on October 17, 2011. HPL’s registered office is situated at 3rd Floor, 3B Citius Building, 31 Cybercity, Ebene, Mauritius.
Financials:-
| Particulars | For the year/Period ended (Rs. in Million) | ||||
| Financial Year | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | 31-Mar-11 |
| Total Equity & Liabilities | 59863.64 | 38452.48 | 30062.81 | 20880.25 | 11432.72 |
| Total Assets | 59863.64 | 38452.48 | 30062.81 | 20880.25 | 11432.72 |
| Total Revenue | 8217.92 | 6415.30 | 4970.61 | 3273.84 | 958.93 |
| Total Expenses | 6574.77 | 5245.46 | 3675.25 | 2031.92 | 587.45 |
| Profit After Tax (PAT) | 1109.29 | 780.57 | 867.18 | 838.31 | 247.74 |
Lead Manager Details:-
1) Axis Capital Limited
1st Floor, Axis House, C 2 Wadia International Centre
Pandurang Budhkar Marg Worli, Mumbai 400 025 Maharashtra, India
Tel: +91 22 4325 2183 Fax: +91 22 4325 3000
Email: hlfl@axiscap.in Investor Grievance
Email: complaints@axiscap.in
Website: www.axiscapital.co.in
Contact Person: Ms. Simran Gadh
SEBI Registration No.: INM000012029
2) ICICI Securities Limited
ICICI Securities Limited
ICICI Centre H.T. Parekh Marg,Churchgate
Mumbai 400 020 Maharashtra, India
Tel: +91 22 2288 2460 Fax: +91 22 2282 6580
E-mail: hlfl.ipo@icicisecurities.com
Website: www.icicisecurities.com
Investor Grievance Email: customercare@icicisecurities.com
Contact Person: Mr. Rupesh Khant
SEBI Registration No.: INM000011179
3) SBI Capital Markets Limited
202, Maker Tower E, Cuffe Parade
Mumbai 400 005 Maharashtra, India
Tel: +91 22 2217 8300 Fax: +91 22 2217 8332
E-mail: hlfl.ipo@sbicaps.com
Investor Grievance E-mail: Investor.relations@sbicaps.com
Website: www.sbicaps.com
Contact Person: Mr. Gitesh Vargantwar
SEBI Registration No.: INM000003531
4) YES Securities (India) Limited
YES Bank Tower, IFC 2, 19th floor
Senapati Bapat Marg Elphinstone (W)
Mumbai 400 013, Maharashtra, India
Tel: +91 22 3347 9688 Fax: +91 22 2421 4511
E-mail: hlfl.ipo@yessecuritiesltd.in
Investor Grievance E-mail: igc@yessecuritiesltd.in
Website: www.yesinvest.in
Contact Person: Mr. Aditya Vora
SEBI Registration No.: MB/INM000012227
Registrar To The Issue:-
Karvy Computershare Private Limited
Selenium Tower B Plot 31 and 32,
Gachibowli Financial District, Nanakramguda, Hyderabad 500 032
Tel: +91 40 6716 2222 Fax: +91 40 2343 1551
E-mail: hlf.ipo@karvy.com
Investor Grievance E-mail: hlf.ipo@karvy.com
Website: www.karisma.karvy.com
Contact Person: Mr. Murali Krishna
SEBI Registration No.: INR000000221
Registered Office Details:-
1, Sardar Patel Road, Guindy,
Chennai 600 032,Tamil Nadu, India
Tel: +91 44 3925 2525 Fax: +91 44 3925 2553
Corporate Office: 27-A, Developed Industrial Estate, Guindy,
Chennai 600 032, Tamil Nadu, India
Tel: +91 44 3925 2533 Fax: +91 44 3925 2553
Contact Person: Mr. S. Ramasamy,
Company Secretary and Compliance Officer Tel: +91 44 3925 2527
Fax: +91 44 3925 2553
E-mail: compliance@hindujaleylandfinance.com
Website: www.hindujaleylandfinance.com
