ILamp;FS 8212; this time lucky?

FEBRUARY 13: Infrastructure Leasing amp; Financial Services IL amp; FS has been on the verge of going public for most of the last decade. Some years ago, ILamp;FS warehoused its shares with UTI to raise funds in anticipation of its public issue. But the primary market went belly up and UTI, its largest shareholder, remained stuck with the shares until it protested.

The shares were then de-warehoused and parceled out to other institutional investors, also SBI came in and RBI divested some shares. Now ILamp;FS has decided that it is finally time to hit the market. The primary market has recovered and several of its business is also the flavour of the season. We hear that ILamp;FS is looking at a pricing of Rs 150-170 and the issue mandate may go to Kotak Mahindra Finance.