Incorporated in 2012, L&T Technology Services Ltd is Mumbai India based third-party ER&D (Engineering, Research and Development) service provider . L&T Tech provide services to manufacturing, technology and process engineering companies to help them develop and build products, processes and infrastructure required to deliver products and services to their end customers. Information in this paragraph is provided by chittorgarh.com, India's No. 1 IPO Investment Portal.
L&T Tech derive 80.2% of its revenues from customers in North America and Europe. The majority of its work is executed by employees based out of delivery centers in India using an offshore delivery model. This gives L&T Tech a competitive advantage in terms of talent pool availability and lower costs compared to it US and European competitors. Company have 12 global delivery centers in India and overseas, 27 sales offices in India, North America, Europe, the Middle East and Asia and 31 labs in India. Company have 8,000 engineers serving over 200 customers.
L&T Tech operate in five industry segments; transportation, industrial products, telecom and hi-tech, process industry and medical devices. Company offer design and development solutions throughout the product development chain and provide solutions in the areas of mechanical and manufacturing engineering, embedded systems, software engineering and process engineering.
The ER&D services help customers reduce time-to-market for their end products and services, innovate to create new products and solutions, reduce cost of development and meet increasing regulatory requirements more effectively. Company have filed 34 proprietary patents and 134 patents have been filed by its customers along with its employees.
L&T Tech leverage the strengths of its parent company, L&T, a leading Indian conglomerate in technology, engineering, construction, manufacturing and finance, which has provided the company with a broad engineering and design heritage. Visit chittorgarh.com for more detail.
The Promoter of our Company is L&T
|Particulars||For the year/period ended (in Rs. Million)|
|Profit After Tax (PAT)||4,342.36||3,151.77||62.14||(0.03)|
The objects of the Offer are (Information partner: chittorgarh.com, India's No 1 IPO Investment Portal)
1. To achieve the benefits of listing the Equity Shares on the Stock Exchanges and
2. To carry out the sale of up to 10,400,000 Equity Shares by the Selling Shareholder.
»» Issue Open: Sep 12, 2016 - Sep 15, 2016
»» Issue Type: Book Built Issue IPO
»» Issue Size: 10,400,000 Equity Shares of Rs 2 aggregating up to Rs 894.40 Cr
› Offer for Sale of 10,400,000 Equity Shares of Rs 2 aggregating up to Rs [.] Cr
»» Face Value: Rs 2 Per Equity Share
»» Issue Price: Rs 850 - Rs 860 Per Equity Share
»» Market Lot: 16 Shares
»» Minimum Order Quantity: 16 Shares
»» Listing At: BSE, NSE
|Number of Times Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved||2,080,000||1,560,000||3,640,000||7,280,000|
|Day 1 - Sep 12, 2016 17:00 IST||0.2800||0.0200||0.1900||0.1800|
|Day 2 - Sep 14, 2016 18:00 IST||1.1000||0.0300||0.7700||0.7100|
|Day 3 - Sep 15, 2016 19:00 IST||5.0100||1.0300||1.7400||2.5200|
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