02 Dec 07 LIC Housing Finance FPO likely in Jan 2008
LIC Housing Finance FPO is likely to get the company funds to the tune of 500-600 crores. With the IPO market doing so well, who wouldn’t want to raise capital! LIC Housing Finance announced its intention to raise funds from the capital market recently when it announed its quaterly results for the previous quarter. The directors of LIC Housing Finance announced their intention to go in for a pre IPO private placement prior to the FPO. LIC Housing Finance IPO details including the subscription details, allotment status and listing date will be updated here as and when more information is available on the same.
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LIC Housing Finance is one of my favourite for last few months and have also fulfilled my expectation. If you see LIC Housing finance is currently trading at PE multiple of 9 only and which is very less compare to other players like HDFC.
Its a multibagger according to me and will be future HDFC if continues with similar growth. FPO also suggest growth thinking management.