L&T Finance has seen a 16% decline in its stock price due to regulatory concerns in the microfinance sector. However, the company’s focus on retail lending, improving asset quality, and attractive valuation make it a buy recommendation. The company’s loan book grew 18% YoY to Rs 93,015 crore, with retail loans comprising 96% of the total.
For some public floats, expenses can be up to 17% of funds raised
The larger the IPO, the lower the expense ratio, the data showed. Offerings under ₹500 crore incurred average costs of 9.3%, while mega IPOs above
April 29, 2025