L&T Infotech - Since years A M Naik wanted to time the market. Butfinally market showed him his true worth.
When Management times the market that means Company has nothing to offer to investor. The performance of company is below par . When there was IT boom the company could not do anything substantial. And now doing all kinds of work if one sees their webpage. They are present into almost every industry . And that is big negative , taking whatever job that comes to them.
I am working at L&T Infotech for more then 4 years & believe me this co is going to rugs. Their are no good & big projects, employees have no future & most of them are on bench with no billability. I read someone saying its a portfolio stock, I think its not even worth applying for IPO. Mgmt has no vision & only aim of AMN to list L&T Infotech is to sell as fast as he can.
Please compare L&T Infotech with other mid-size IT cos on all parameters which is always consider while comparing TCS/Infosys/Wipro (when they announce their results). This co will be behind in all the said parameters such as Attrition/New client addition/% Billability etc
13.1. Khemka| Link| Bookmark|
June 28, 2016 10:05:11 AM
(1000+ Posts, 400+ Likes)
What about books ??
13.2. Chem cho| Link| Bookmark|
June 28, 2016 11:18:22 AM
IPO Guru (2500+ Posts, 2700+ Likes)
First of all as per my experience every one says his company is bogus , however good the company may be , giving higher salary , perks , etc , good balance sheet , less debit , secondly if the company is bogus last four years you are working , and not changed the job , are you working in India or USA ,if in USA or any other country , you stay in the company is justified , if in India , you should have changed the job and switched to good companies of your choice , where in you get visa and work in USA , you will save lot of money , if JR and fours of stay is justified , with out MBA , I CAN understand, you will be frustrated, but no option , MY only suggestion is wait and watch your company grow , and apply in employees quota
13.3. Chem cho| Link| Bookmark|
June 28, 2016 11:23:32 AM
IPO Guru (2500+ Posts, 2700+ Likes)
pl do not leave you job and join 3 grade company even if they are giving good salary , promotion, L&T INFOTECH IS GOOD company
Chem Cho, I am stuck up in this co as jobs in IT sector are hard to come by in Mumbai. I have location constraint, but thats my prob. Considering the co, I am surprise by your over confidence in it. FYI, I was part of project which worked with CEO office for the IPO, I doubt you have more insider news then me. But I would appreciate that you please apply as we wont this IPO to sail through.
BTW why haven''t they provided any Employee discount? Employee quota is going to be filled by only those Sr. Delivery heads who have no option but to get retired from this co.
13.6. Chem cho| Link| Bookmark|
June 28, 2016 12:05:21 PM
IPO Guru (2500+ Posts, 2700+ Likes)
I slightly aware of your issue and you want to stay in MUMBAI , so you have no choice but to work in this company , DO you feel Reliance is an good company to work , for your kind information it is the worst company , to work ,85 % of staff is stressed most them are having high BP and sugar , Their boss is loitering IN Ambanis office and come at 15 to 16,30 pm and assign you work saying urgent and you stay in the company till 10 pm and next day you have to report at 10 am , NOW NO OVERTIME PL
every company has it story be happy with your company good think is that they have driven Ambani OUT OF THE COMPANY , OTHER WISE YOU WOULD BE OUT OF COMPANY
13.7. Chem cho| Link| Bookmark|
June 28, 2016 12:08:06 PM
IPO Guru (2500+ Posts, 2700+ Likes)
THIS time they do not have share holder quota , of L&T , last time it had in L&T finance
13.8. Chem cho| Link| Bookmark|
June 28, 2016 12:20:48 PM
IPO Guru (2500+ Posts, 2700+ Likes)
share market people are also aware of working of MR NAIK but he is still better than Mukesh , and Anil is still better than MUKESH I AM TOLD AND AWARE IT WAS PLEASURE TO WORK WITH DHIRUBHAI AMBANI AND I AM AN WELL WISHER OF DHIRUBHAI I STILL HOLD RELIANCE AT RS 10 FACE VALUE BUT SOLD 50 % AFTER DHIRUBHAI DIED
Remember every company is good company as long as you get your salary in time ,
1. You sound like nothing more than a disgruntled worker 2. If your expert analysis is correct, the companies financial results over the last 4 years disagree with your opinion. 3. Large scale project awarded to L&T InfoTech as recent as May, news on the L&T InfoTech website - Elkjøp Nordic AS selects L&T Infotech as its strategic partner for Infrastructure Management Services 4. They have not awarded employee discounts to all employees because its reserved for folks who have deserved it Or are strategically important to the organisation Or do not go on public forums and criticise the company 5. Location is an issue, let me list a set of IT companies in Mumbai - Cognizant, Deloitte, Accenture, Capgemini, Reliance, Wipro and this is just from the top of my head. 6. Sr. Delivery heads have more options than you "believe" they have. But any employee who has made a substantial difference will prefer to get rewarded, not just expect a windfall of money because they are an employee. 7. shareipo - join L&T InfoTech or don''t join is your personal choice. My opinion about the company is good as I know business leaders who have retired from it. They have nothing but good things to say about the firm. they are very meritrocratic but it comes with its own share of nonsense, but one would expect that in any organisation. 8. IMHO, remain bullish on L&T as its part of a larger conglomerate, so should continue to do well. Its on target to join the billion dollar revenue club, making it too big to fail (classic example Satyam, after all the rubbish, people who held on to the stock have gone on to make loads of money). Regards.
13.10. Chem cho| Link| Bookmark|
June 28, 2016 12:49:19 PM
IPO Guru (2500+ Posts, 2700+ Likes)
ALL BABA I agree with you , but i feel that even if you work hard your BOSS will take the credit of your work , and he will show that this is done by him , more over many times it happens spoon feeders take the credit and they get the discount in employees QUOTA , He may be betrayed by his boss ,
But this time share holder of L&T are disappointed as RHP does mention share holders quota , for L&T infotech as it was in case of L&T finance
13.11. Ipo tracker| Link| Bookmark|
June 28, 2016 1:45:35 PM
Top Contributor (500+ Posts, 200+ Likes)
Dear Ipo watcher, From your post, kindly clarify (" But I would appreciate that you please apply as we wont this IPO to sail through.") Is it ''wont'' as you have mentioned.... or ''want''.
@Ali Baba, You seem to been in touch with those Sr. Cz. who have seen good days under AMN for L&T but have no air about Infotech. It''s good that you & Chem Cho are very +ve on this, definitely people will listen to you & fill up the IPO. That way AMN can sell it in next 1 year after which he gets retire even from Executive board of L&T.
Someone is asking about books, well to be honest please see my previous post & ask the question on growth. Why is it that for the past 20 years co is nowhere near the big guys? Why is the employee strength reduced from 23K to 20K in past 6 months?
Show me one IT co which is reducing employees? I am talking of IT service cos & not product cos, but I guess @Alibaba is in disillusioned state by the oldies of L&T.
My word of caution, AMN do not look after day to day activities of Infotech, infact Infotech has been its most troublesome child & thats why he only interested in selling it.
Co website will always boast about big clients, but it will never say wat is the earnings out of it. What margin co is working. I am still surprise people really believe everything sacrosanct that is been told by Mgmt.
Reatail me kitna % hai aur how many time subscribe in retail... any guess septa sir eagleye ...
11. Chem cho| Link| Bookmark|
June 28, 2016 8:31:59 AM
IPO Guru (2500+ Posts, 2700+ Likes)
I mentioned do not covert L&T in to L&T Infotech , but it will not be like L&T finance , from Rs 62, dip to Rs 40 , now trading at Rs 75 L&T finance was good buy at Rs 40 when it dropped , NOW not likely to come at issue price of rs 62 , since L&T finance was an very big issue it had to revise it price and extend the day of IPO , This is not the case with L&T infotech ,as on today pl remember that L&T infotech is still not an portfolio stock today , but later on can be ,
L&T finance to some extend today can now be an portfolio stock at Rs 65-70 ,and stop loss of Rs 63
Eagleye mam when everyone taking negative about l& t inf ipo this is possible 993000 application subcribe it and it goes 3 times 8ne says it lised at discount i confused because it is comming only 14.5 pe compare to I T companies which are trading 17 to 18 pe so what is wrong about this ipo why this issue listed at discount any gmp is start or not if yes what is it one comment 950_1050 and share 153 to 159 is it right
Not very sure what to do with this IPO. I think its better to skip this one on account of negative wind that blowing for IT sector as a whole. Will wait till time of opening of issue to decide what to do in this.
Folks!!! My 2 cent advise. It is better to hold cash in hand and short in this market shares having foreign exposures to earn decent profit rather than blocking your money for 10 days to get 5-10% listing gain which is even not sure because you may not get the allotment. The current market has no bottom and there is not much risk in shorting.
IN 2014 NP WAS 996 CR WITH 300 CR EXTRAORDINARY ITEM IN 2015 NP IS AROUND 769 CR WITH 8 CR EXTRAORDINARY PROFIT SO ON 2015 THE PE IS AROUND APPROX 17 PE
Industry P/E ratio* Average: 20.4x Highest: 25.1x Lowest: 17.7x FOR LARGE AND MEDIUM IT COMPANY SO THEY HAVE LEFT GOOD 15% ON INDUSTRY AVERAGE IMO THE RETURN WILL BE AROUND THAT NOT SURE ABT PRESENT PROFIT
5.2. Eagleye| Link| Bookmark|
June 27, 2016 11:12:20 PM
IPO Guru (6600+ Posts, 21900+ Likes)
the whole L& T was available for 500 Crs in 1987 when jumbo group Manu Chhabria interest in taking over and then ambani and breaking the company and selling the assets today this company market cap is 140000 Crs 280 times increase in 29 years infact l&T market cap has corrected nearing 30% from highs. This stock has created lot of wealth to many small investor thanks to strong person as it head Mr A M Naik....
With this L & T infotech IPO it is priced right to it peers however the IT sector is weak given the head winds however retail investor will benefit from this IPO IMO i should apply however the upside will be limited also it may list at discount.... it priced at around 15 PE 2016 earning compare to peers at 17 to 21 PE.
Now L&T is not like previous L&T (which was 15-20 years ago). Last issue L&T Finance didn''''t give any returns to investors. All brokerage houses are now little bit bearish on IT segment and L&T want to list it''''s IT arm. Company knows in long term company will not get good response to it''''s IT arm. This is the reason company want to list as soon as possible. Otherwise company windrows it''''s listing plan 2 - 3 times. Instead of blindly apply we need to see all aspects financials, growth, customer base etc.
Then not apply all of you.....it is upto you....you can buy in,discount once it will lost....
2. Chem cho| Link| Bookmark|
June 27, 2016 12:41:05 PM
IPO Guru (2500+ Posts, 2700+ Likes)
L&T Infotech should be another stock to apply , and hold for long term investment , may be an portfolio stock in long run if all goes well , later on , buying at the time of listing is not advisable ,wait for dips between Rs 850 to Rs 900 , Also those who have L&T in portfolio should not convert to L&T INFOTECH in an hurry , wait for the movement of both the stocks and then take a call Can apply for listing gains also Take further financial expert in this matter , I hold L&T in my portfolio at RS 72 ONLY (not L&T FINANCE as you feel , )
what do you mean wait for dip between 850 to 900 it is going to list rs 1000 rs
2.3. Chem cho| Link| Bookmark|
June 28, 2016 8:12:43 AM
IPO Guru (2500+ Posts, 2700+ Likes)
EXAMPLE L&T was trading between rs 1450 to rs 1500 from 26 may 16 , and it had reached an high of rs 1517 , and you feel that it is good buy and likely to reach rs 1600 to rs 1650 , but you also feel it is costly at rs 1450 to rs 1500 , and you feel best buy is at 1400 to 1405 due to certain market conditions the stock reached 1401 low on 24/6/16 at that time you can take an risk if you feel , to buy on dips few shares 10 , 20 ,ie 10 percentage of your investment money this is buy on dips and again sell when it reaches your target of rs 1600 and 1650
stop loss at rs 1300 - 1350 if you brought at rs 1400
1. Eagleye| Link| Bookmark|
June 27, 2016 11:38:40 AM
IPO Guru (6600+ Posts, 21900+ Likes)
L&T Infotech IPO
Issue Opens â€' 11th July 2016 Issue Closes â€' 13th July 2016
Price Band â€' 778 - 800 Lot Size â€' 18 Shares & Multiple thereof
Issue Size â€' 1400 Crore
The RII category will have 61,25,000 shares and with a lot size of 18 shares … this translates to 340,278 applications getting an allotment of 1 lot each.
Keeping in mind that Mahanagar Gas IPO attracted 9,93,000 applications ... Therefore, if we consider a similar number of applications in L&T Infotech ... it will mean to an allotment ratio of 1 : 3 or in other words ... approx. 35% chance of an allotment.
On the other hand, Market pundits expect the NII category to have 150X over-subscription.
Hence, one can infer that, even though the issue may have a modest upside of 20% - 25% premium to issue price (as per current market reports) ... for the RII participants It is a good issue to consider ...
I am advised by the IPO Gurus that ... RII MUST APPLY !!
This details has already being given at MGL forum multiple times. i think atleast 20 times the same thing has been repeated. you just have to see older post to track the details. Pls ignore repetitive posts. Thanx in advance.