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L&T Technology Services Ltd IPO (L&T Technology IPO) Detail

Sep 12, 2016 - Sep 15, 2016

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.

Company Promoters:

The Promoter of our Company is L&T

Company Financials:

Summary of financial Information
Particulars For the year/period ended (in Rs. Million)
31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 18,227.27 17,144.82 6,368.91 0.50
Total Revenue 29,694.04 25,856.22 1,222.00 -
Profit After Tax (PAT) 4,342.36 3,151.77 62.14 (0.03)

Objects of the Issue:

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 Detail:

  »»  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

L&T Technology IPO Reviews:

  1. L&T Technology Services Ltd IPO review by Dilip Davda

L&T Technology IPO Recommendations:

Capital Market Review
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ICICI Direct - Avoid
HEM Securities - Subscribe.

Issue Subscription Detail / Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved2,080,0001,560,0003,640,0007,280,000
Day 1 - Sep 12, 2016 17:00 IST0.28000.02000.19000.1800
Day 2 - Sep 14, 2016 18:00 IST1.10000.03000.77000.7100
Day 3 - Sep 15, 2016 19:00 IST5.01001.03001.74002.5200

L&T Technology IPO Prospectus

L&T Technology IPO Rating

871
3.3
Rating:Rated 3.3 stars

Vote Here ...

L&T Technology IPO Listing Date

  •   ›  Listing Date: Friday, September 23, 2016
  •   ›  BSE Script Code: 540115
  •   ›  NSE Symbol: LTTS
  •   ›  Listing In: 'B' Group of Securities
  •   ›  ISIN: INE010V01017
  •   ›  Issue Price: Rs 860 Per Equity Share
  •   ›  Face Value: Rs 2 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
BSE
Rs 860.00
Rs 900.00
Rs 860.00
Rs 931.00
Rs 865.10
1,929,762
NSE
Rs 860.00
Rs 920.00
Rs 860.10
Rs 931.45
Rs 869.00
8,014,800

L&T Technology IPO News Alerts

  1. Friday, September 23, 2016 12:00:00 AM
    L&T Technology Services Ltd IPO - Listing
  2. Wednesday, September 21, 2016 12:00:00 AM
    L&T Technology Services Ltd IPO - Allotment
  3. Thursday, September 15, 2016 12:00:00 AM
    L&T Technology Services Ltd IPO - Close
  4. Monday, September 12, 2016 12:00:00 AM
    L&T Technology Services Ltd IPO - Open

Company Contact Information

L&T Technology Services Ltd
L&T House,
N.M. Marg, Ballard Estate,
Mumbai 400 001
Phone: +91 22 6752 5656
Fax: +91 22 6752 5893
Email: investor@LntTechservices.com
Website: http://www.lnttechservices.com/

L&T Technology IPO Registrar

Karvy Computershare Private Limited   »  Report
   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: einward.ris@karvy.com
Website: http://karisma.karvy.com

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L&T Technology IPO Review / Comments

avatar
629. SHG Security pvt ltd  Oct 6, 2016 10:50:58 PM IST I Like It. 1 | Report Abuse
Fresh buying start today in LTT...
Accumulate for gain.
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628. Carn Mohan  Sep 29, 2016 10:10:40 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts)
forget all IPOs for 2,3 years.
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627. Manoj SM  Sep 27, 2016 9:10:42 PM IST I Like It. | Report Abuse
I had applied for L&T Tech IPO through Union Bank of India online ASBA
Till date the bank has not unblocked my amount
Even mailed the complaint to concerned bank dept but no reply
Also called over phone but giving reason of technical problem and their IT team is trying to resolve.

Please guide how to take action against the bank or relevant authority

Regards
Manoj
avatar
626. mailmerge  Sep 26, 2016 6:28:33 PM IST I Like It. | Report Abuse
:(
still the amount is not unblocked.
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626.1. AMRISHIPO  Sep 27, 2016 6:46:02 AM IST I Like It. | Report Abuse
LODGE an complaint on bank site in grievance cell
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625. Chem cho  Sep 26, 2016 5:15:47 PM IST I Like It. 2 | Report Abuse
IPO Guru IPO Guru (1300+ Posts, 300+ Likes)
STILL I WOULD LIKE TO INFORM THOSE HAVING L&T SHARE SELL AND CONVERT TO LTT YOU WILL BE Benefited
avatar
625.1. KMS  Sep 27, 2016 10:21:46 PM IST I Like It. | Report Abuse
This is what I did on listing day. Yours is a good idea
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624. pablo Escobar  Sep 26, 2016 10:59:11 AM IST I Like It. | Report Abuse
Good going gamble .

Now LTT @872.
999 short term.
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623. Carn Mohan  Sep 26, 2016 10:44:52 AM IST I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts)
Retailer ko jaal may phasa kar
slowly slowly apny bhai Kay pas ja raha hi
avatar
622. gamble  Sep 26, 2016 9:30:01 AM IST I Like It. | Report Abuse
IPO Guru IPO Guru (1300+ Posts, 1300+ Likes)
Bought @861
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622.3. pablo Escobar  Sep 26, 2016 10:53:04 AM IST I Like It. | Report Abuse
What about today tgt in LTT
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622.4. gamble  Sep 26, 2016 10:54:48 AM IST I Like It. | Report Abuse
IPO Guru IPO Guru (1300+ Posts, 1300+ Likes)
Vol. Looks decent till now 450k....3-4 % up possible. If not then hold.
avatar
621. P.D.PATEL  Sep 25, 2016 1:54:26 PM IST I Like It. | Report Abuse
I have two lot 32shares

Monday ko LTTS me kya kya kiya jaay ??

Sell kar Du ya hold ???
Plz reply yaar
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620. SB IPO KNOWLEDGE  Sep 24, 2016 4:17:49 PM IST I Like It. | Report Abuse
On September 23, 2016 Motilal Oswal Asset Management Co.Ltd. - NTDOP (PMS) bought 11,00,000 shares of L&T Technology Services at Rs 920 on the NSE.

Read more at: http://www.moneycontrol.com/news/buzzing-stocks/motilal-oswal-buys-11-lakh-shareslt-technology-_7511801.html?utm_source=ref_article
avatar
619. Chem cho  Sep 24, 2016 8:33:35 AM IST I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1300+ Posts, 300+ Likes)
WE had shorted L&TT as per the trend at Rs 910 and covered the same at the end of the day at 870

Mondays trend will be decided at 9.30 am as per markets but it is not likely to go down , as we had given buying call at 875 but as it was over sold the trend went up to 860 , so brokers wanted to bring to 825 levels but that was not possible as there were buyers at Rs 860
i would like to suggest that those who have L&T share can sell at rs 1500 and buy LTT AT RS 860 OR AS PER MARKET TREND
LTT WILL GIVE GOOD RETURS IN LONG RUN THAN L&T
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619.6. gamble  Sep 25, 2016 2:43:43 PM IST I Like It. 3 | Report Abuse
IPO Guru IPO Guru (1300+ Posts, 1300+ Likes)
Equitas,ujjivan,advance also closed on lowerside On first day

While precam,dbl closed upperside on listing day
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619.7. IPO Riders  Sep 25, 2016 11:42:04 PM IST I Like It. | Report Abuse
Chem chhoji.

Same done here.

If it was list down. At 830-840 than it was a reverse strategy in mind.

But now shorting is Risky without having delivery.

It may go on UJJIVAN way on listing days.
avatar
618. gamble  Sep 24, 2016 8:12:39 AM IST I Like It. | Report Abuse
IPO Guru IPO Guru (1300+ Posts, 1300+ Likes)
Some analysis :

..................LTTS................LTI............
1 day.........10m................14m......
2 day..........?....................1m.....

Well, 1st day traded quantity is
More 2.66m in LTTs (compared to 1 time selling share available.)
while More 1.81m in LTI.


LTI price up by 667 to 705
LTTs down by 930 to 860

All know that LTTs won''t give listing gain.

So based on above facts we can easily assume that no one took chance in LTTs .all were on selling side.
retailers+intra player(last hour drop) are out in LTTs while they weren''t for LTI.


Concl:

So new buying by any biggies can take this to upperside .
(will not break easily 825/800 as u think..!!)

Upside 10-12% in a 1-1.5month ....
Downside 2-5%(if any)
...my view....
avatar
618.1. gamble  Sep 24, 2016 8:18:45 AM IST I Like It. | Report Abuse
IPO Guru IPO Guru (1300+ Posts, 1300+ Likes)
formula for monday :-)

If trading vol. Will b more than 1-1.2m then atleast 3-5% upside should b there...!!!....strange...!!
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617. GoodFortune  Sep 24, 2016 12:27:51 AM IST I Like It. | Report Abuse
Congratulations to all who made some money in this IPO. It was good time for exit. Hope it won''t go in negative from Monday.
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616. IPO Riders  Sep 24, 2016 12:18:17 AM IST I Like It. | Report Abuse
Gamble ji

Can it be considered as UJJIVAN like behavior?

Any price target before divali or dec-16.?

Always waiting for your listing day comments

And you correct predicted in SP APPEAL, MGL, DBL etc

Pls share
avatar
616.1. gamble  Sep 24, 2016 7:42:56 AM IST I Like It. | Report Abuse
IPO Guru IPO Guru (1300+ Posts, 1300+ Likes)
Not in SPA btw...if u consider LTTs for that time (like 2-3 month) then , 10-12% gain should b there...my view.
LTTS can''t run like ujjivan.
avatar
615. gamble  Sep 23, 2016 8:39:33 PM IST I Like It. | Report Abuse
IPO Guru IPO Guru (1300+ Posts, 1300+ Likes)
% deliverable

NSE 32.72%(total vol.8014800)
BSE 28.55%.(total vol. 1929762)

VwAp 902(nse)
......... 895(bse)


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615.2. gamble  Sep 23, 2016 9:52:26 PM IST I Like It. | Report Abuse
IPO Guru IPO Guru (1300+ Posts, 1300+ Likes)
So hand changing @higher rate.
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615.3. Nagesh  Sep 25, 2016 10:49:16 PM IST I Like It. | Report Abuse
Total traded is 9944562 out of which delivery is 3173566.
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614. SB IPO KNOWLEDGE  Sep 23, 2016 8:39:12 PM IST I Like It. | Report Abuse
I want to share that We Cannot withdraw IPO application after closure of issue. This is what I received in my mail from Registrar

Dear Investor,

Please note that as per the new IPO procedure investor have to withdraw the application at the time of the issue was open. As this written application was the old practice for the IPO.


We are disposing of your request with no further action at our end.

Regards,

Primary Market- IRC | Link Intime India Pvt. Ltd.
avatar
613. P.D.PATEL  Sep 23, 2016 8:03:06 PM IST I Like It. | Report Abuse
I have 2 lot(32share)
I still not sell it .....
Plz advice what have to do ???
avatar
613.1. Mann Ki Baat  Sep 23, 2016 11:58:21 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)

If I was in your place then I would sell it on Monday if it opens higher by ₹10 at ₹880 or ₹876

Its your money you have to decide

Short Term - SELL
Long Term - HOLD
Fresh Investment - NO (other investment opportunities are available)
avatar
613.2. Tapas  Sep 24, 2016 1:40:04 AM IST I Like It. | Report Abuse
Dear sir. You are caught now if you get profit exit if it goes below issue price exit and try again with that money in another place. One failure does not mean life is over
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612. Ashish Rateria  Sep 23, 2016 7:27:53 PM IST I Like It. | Report Abuse
before listing i predicted listing below 925/- and later will decline. but didn''t expected the share to go till 860/- at closing. now in a week may be further down to 815-830 levels.
avatar
611. PANKAJJJJ  Sep 23, 2016 7:19:25 PM IST I Like It. 3 | Report Abuse
I have not applied in this ipo because somehow I know that this ipo will not give any decent listing gain which we can see. Remember I am talking about listing gains (which in my view is minimum 10-15% remember ipo is big risk big return game) not long term because if anyone wants to hold it for long term why he will go with ipo price when he can buy it at low price with more clear future prospect....and one thing to all those people with targets 1100-1200 and some 1300 for l&t tech....please be realistic....in this form we are here to share/give good views not fooling each other....this is one of the main reason that some good members leave this forum.......good luck to all
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611.1. AMRISHIPO  Sep 23, 2016 7:31:07 PM IST I Like It. 1 | Report Abuse
good members left the forum because of RKS

USING bad words to fellow members and supporting only one group was the habit of RKS
NOW the forum is free to write

one way we say we do not get allotment in good stock but applying in risky stock like LTT we got at 5% listing gain in 8 t0 10 days
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611.2. PANKAJJJJ  Sep 23, 2016 7:45:43 PM IST I Like It. 1 | Report Abuse
Amrishipo....thanks for the reply.....i dont know whether it is rks or another reason for their leave....but it is a loss for all of us ....because it is well said that u learn some thing from good knowledgeable person....and as far as those people who say that they will not lose any thing because of leaving some members....i want to say them that if they are so intelligent why them come on this website..... either they have plenty of time or they do not have self confidence.....i am here to gain knowledge and self confidence .....each one of us has a view and this forum is just like a meeting room so each one ( i am not pointing anyone) should maintain some discipline and respect each one....i have read some comments of rks....he sometime gets too rude to talk....as far as l&t tech is concern ....the whole group has a bad track record in listing gain......you can see .....remember i am talking about listing gain not long term and shares with weak listing gain can be purchase later in weak market like in l&t finance not in strong market....welcome your reply
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610. AMRISHIPO  Sep 23, 2016 7:08:56 PM IST I Like It. | Report Abuse
FINALLY THOSE WHO HAVE SOLD ABOVE 860 are winners but wait a wile you have to add this stock at your portfolio at lower levels ie 850
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