L&T Technology IPOAccording to the red herring prospectus (RHP), L&T Tech employed a total of 9,419 employees as of 30 June 2016, including more than 2,000 employees outside India. The company operates through 12 global delivery centres in India and overseas, 26 sales offices in India, North America, Europe, the Middle East and Asia and 31 labs in India.
| Subscription Dates | 12-15 September 2016 |
| Price Band | INR850-860 per share |
| Offer For Sale | 10,400,000 shares (INR894.4 crore at upper price) |
| Total IPO size | 10,400,000 shares (INR894.4 crore at upper price) |
| Minimum bid (lot size) | 16 shares |
| Face Value | INR2 per share |
| Retail Allocation | 35% |
| Listing On | BSE, NSE |
| Fresh issue size | Nil |
| Name of shareholder | Equity Shares | Percentage (%) |
| Larsen & Toubro (L&T) | 101,690,392 | 100.0 |
|
L&T Technology’s consolidated financial performance (in INR crore) |
|||||
| FY2012 | FY2013 | FY2014 | FY2015 | FY2016 | |
| Total revenue | NA | NA | NA | 2,643.8 | 3,142.7 |
| Operating profit | NA | NA | NA | 423.9 | 596.6 |
| Profit after tax | NA | NA | NA | 310.9 | 416.6 |
L&T Tech IPO Subscription Details
| Category | Shares offered | Subscription (No. of times, at 5 PM) | ||
| Day 1 | Day 2 | Day 3 | ||
| QIB | 2,080,000 | 0.27 | 1.10 | 5.01 |
| NII | 1,560,000 | 0.01 | 0.03 | 1.02 |
| Retail | 3,640,000 | 0.19 | 0.77 | 1.69 |
| Total | 7,280,000 | 0.17 | 0.71 | 2.49 |
L&T Technology IPO Allotment Status
L&T Tech IPO allotment status is now available on Karvy Computershare’s website. Click on this link to get allotment status.
Articles about L&T Technology
L&T Technology Contact Details
L&T Technology Services Ltd
5th Floor, West Block-II, L&T Knowledge City,
N.H. No. 8, Ajwa Waghodia Crossing
Vadodara 390 019
Phone: +91 265 670 5000
Fax: +91 265 265 5955
Email: [email protected]
Website: www.lnttechservices.com
What we are reading
Economic Times: L&T tech services bets big on IOT & digital engineering solutions
Deccan Herald: L&T Tech Services brings disruptive technology to measure CO2
Registrar of L&T Technology IPO
Karvy Computershare Private Limited
Karvy House, 46, Avenue 4, Street No. 1,
Banjara Hills, Hyderabad – 500 034
Andhra Pradesh, India
Phone: +91 40 23312454
Fax: +91 40 23311968
Email: [email protected]
Website: http://karisma.karvy.com
Listing Performance of L&T Technology Services IPO
IPO Opening Date: 12 September 2016
IPO Closing Date: 15 September 2016
Finalisation of Basis of Allotment: 20 September 2016
Initiation of refunds: 21 September 2016
Transfer of shares to demat accounts: 22 September 2016
Listing Date: 23 September 2016
Listing Price on NSE: INR920 per share (return of 6.97% over IPO price)
Closing Price on NSE: INR860.55 per share (no return over IPO Price)
Hi
Super expensive at 850/- Does it make sense to invest in this IPO…Please suggest…
What is the status in grey market for this IPO…..
satta company l&t infotech
phir aa gaye lootne ke liye, lnt infotech se man nahin bhara??
SIR,
THE CMP OF PREVIOUS ISSUE IS RS. 643.00 AGAINST THE IPO PRICE RS. 710. THE PRICES OF THE GIANT IT CO. LIKE INFY, TCS, WIPRO, TECHM, HCL TECH ETC. ARE DIMINISHING DAY BY DAY. MOREOVER LOT OF RISKS & UNCERTAINTIES ARE INVOLVED IN TECHNOLOGY STOCKS LIKE NOV. ELECTION IN USA, OUTSOURCING, DEPRECIATION IN DOLLAR, BREXIT,
THE INVESTORS ARE PUTTING THEIR HARD EARNED IN STOCK MKT.
SO IN MY OPINION IT IS OVER PRICED ALTHOUGH LT IS ONE OF THE PIONEER IN IT SECTOR.
what is the gmp in lnt technologu ipo
L&T Tech GMP is around 30-40 but the trend is down
Guys, apply in full confidence. Apprehensions about US are overblown and none of the analysts are mentioning that L&T Tech pays regular dividend.
I checked with my broker, L&T Infotech Ipo GMP is around 70 which is not bad for short term results. But it is the infotech ipo which is worrying me. I’m thinking of selling the application
Its better to buy after listing if its going to list on GDP – Great Discount Price
I guess you mean L&T Technology and not L&T Infotech. If this is the case, stop misleading. GMP is not more than 30, chek with the intention of selling the application and your broker will back off.
and now ICICI direct says better to avoid this IPO…
Like I said on another page, all these ipos should be avoided. There is no way you can make money in this market now.
Yes, kostak for L&T is around 250. gmp 22-25
jordar retarn apase agal no badalo api de se l&t
Not worth on this price
740 IS LISTING PRIZE.
When is the allocation out? Any update?
Allocation out now, checke on this https://kcas.kfintech.com/ipostatus/
link is not working… Any Alternative???
fack compay l&t infotech and l&t infotech service. both
GNX IS GREAT COMPANY
Listing Price on NSE: To be updated soon WHEN U UPDATE
listing price is 1.50
when you updated listing price.
Raju, stop posting garbage comments here. You always have the option to shut up when you don’t have anything meaningful to say.
why me stop boss i say fact.
Leave it dear, we need some entertainment on this forum…hahaha…
Like I said, it is a flop IPO. price coming down, sell and get out
yes boss flop ipo what i say 1.50 it’s will be godown
any body is there.
Nobody can hurt me without my permission.EDAKULAPALLY RAJU
L&T Technology Services closing prize is 860.00 as per nse 860.55