As per moneycontrol article today, L n T infotech eyes to raise USD 125-150 million I.e. R''s. 1050 crores approx. As per another moneycontrol article today, offer for sale of 1.75 crores share of L n T infotech.
If we reconcile these 2 articles than offer price comes to R''s. 600 per share.
If it is so, than it is fantabulous IPO to invest for.
However I m not able to see official price band of this IPO anywhere.
Dear all Price band 778-800 was bogus. If this above price band is correct i will pay a sum of Rs. 1000 to each chittorgarh member. Even i am not sure about my price band. But grey players trading on above assumption.
L&T Info is a weak player in a highly competitive IT industry which is, at least in the short term, facing some significant macro headwinds.
I have not done any meaningful research on this company but primafacie it''s not a ''portfolio'' stock. So, I am not buying the idea that it''s a buy-&-hold investment.
My opinion was just an opinion on your statements, nothing personal.
Wont hold anything for 100 years because I wont live that long :)...... not a greedy capitalist. Believe everyone should determine their own future, not based on hand outs from the previous generation. Don''t want 35% of the allotment. Cant afford it. Just someone who genuinely has been following L&T InfoTech for the last 3 years since the first time rumours around the IPO. And I believe they are sincere this time because AM Naik will want his bonus as well since his successor has been named.
Let''s wait n watch. Don''t take it to heart. I know the company in & out .
Listing would be a huge disappointment for people who runs behind big "L&T" name. In past 20 yrs there was no future and in the next 20 yrs , there is no future of L&T infotech.
Thank you for the note. But the fact that the company has been around for 20 years and will be for the next 20 shows its a big strong firm which is contrary to your opinion. I respect your opinion but the company is good buy as previously suggested at anywhere between 850 - 900. That is why as per the messages below people in Jaipur buying at GMP of 900.
Parent L&T''s core strength is MNREGA job , which is to dig hole and fill it. And L&T is quite good at that and It should continue to do that.
All their so called technology & finance venture are junk. They don''t have management bandwidth for this kind of businesses. These businesses are dynamic and needs new blood . AM NAik is not capable to run it.
Appreciate your opinion but definitely not credible.
1. You have no research to back up your comments. 2. the big negative you talk about taking any job that comes to them is a sign of strength in the IT world where the organisation can support its clients with whatever their problem statement is. 3. From your statements it seems you are an investor who likes to make a quick buck. the position should be a long hold. IPO is an opportunity to invest in a company which has a bright future and the side effects are making a profit on your investment. Not advise the market about how to make capitalist gains within a short period of time. 4. AM Naik has already announced his successor and is mentoring/coaching him already. Please try and keep up with the news before making random statements. 5. Market cannot show him his worth, simply because its the market trying to buy a piece of the cake. Contrary to what folks say on this forum, L&T InfoTech is good buy and will be a great company in the future. Regards
Ali Baba welcome aboard however reading your all positive on L&T Infotech and defensive any negative talk about the company makes me think u r more paid company stooge u will disappear once the IPO sales. I hope I am wrong and u r here for all r benefits and not company''s benefit
One has to remember this is third attempt by the company to float the IPO I have no issue with the price however upside is limited when high weigh r not spared and we see share price heading south L & T infotech will not spared I happy that they have not priced it high and left 15% on table so listing will positive however any failure will hit the price.
Also last L&T IPO has big failure so naturally people will be cautious. Also the parent company has lost big market cap in recent correction so put all this factor it is ok IPO one can apply however do not expect more
Not a company stooge, just someone who believes economy will do great if we treat organisations individually on their merit and not rumour mongering. I am here because I am interested in the long term of L&T InfoTech as I know the company in detail. Not here for all companies. Happy to provide all the insight that I have for L&T infotech. I am also applying for the IPO, like I said I know some retired executives and they only have positive things to say about Naik''s successor SN Subram. Its always a long hold for me. don''t believe in day trading. Its not the reason why companies list to drive their market cap up, its to use the money for growth. Regards.
i take ur word Ali baba..... BTW Liking is probably the best form of ownership, and ownership the worst form of liking...... and hope u contribute after the issue and not disappear like many have done before you