L&T Infotech Ltd IPO Message Board (Page 66)

Kadwa Sach
20. Kadwa Sach  Jun 28, 2016 15:43
My dear Ali baba ji ,

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.

Ali baba
20.1. Ali baba  Jun 28, 2016 16:13
Dear Kadwa Sach,

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.

Kadwa Sach
19. Kadwa Sach  Jun 28, 2016 15:11
It''s gonna list 10 to 15% below issue price !!

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.
Ali baba
19.3. Ali baba  Jun 28, 2016 16:21
Dear Septa

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.
19.4. Septa  Jun 28, 2016 16:44
IPO Guru IPO Guru (4000+ Posts, 4600+ Likes)
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
18. ddma  Jun 28, 2016 15:00
kostak and gmp of l&t
Kadwa Sach
17. Kadwa Sach  Jun 28, 2016 14:51
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.

16. BADAYA  Jun 28, 2016 13:50
how much share of the cake is for the retailers?
Sunil Patel
15. Sunil Patel  Jun 28, 2016 13:06
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
You can trust the company AND the owners of the company. Go for it.

Bharvano vicharya vagar.
Prince Prakash
14. Prince Prakash  Jun 28, 2016 13:03
L&T info GMP ?
IPO Watcher
13. IPO Watcher  Jun 28, 2016 09:43
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
Ipo tracker
13.11. Ipo tracker  Jun 28, 2016 13:45
IPO Mentor IPO Mentor (500+ Posts, 100+ 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''.

IPO Watcher
13.12. IPO Watcher  Jun 29, 2016 10:34
@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.
12. rahulabhishek  Jun 28, 2016 09:35
Reatail me kitna % hai aur how many time subscribe in retail... any guess septa sir eagleye ...
Chem cho
11. Chem cho  Jun 28, 2016 08:31
IPO Guru IPO Guru (2100+ Posts, 2100+ 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
Anirudh Bhargava
10. Anirudh Bhargava  Jun 28, 2016 07:13

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

9. gamble  Jun 28, 2016 07:11
IPO Guru IPO Guru (1600+ Posts, 3900+ Likes)
Initial comments :

According to me nothing wrong with issue, Just apply , and forget about negative listing that''s not going to happen, u can wish for that only :)
8. RKS  Jun 28, 2016 02:52
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.
7. Prince  Jun 28, 2016 00:13
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.
6. sg  Jun 27, 2016 23:59
Any gmp for l&t infotech
5. gamble  Jun 27, 2016 22:54
IPO Guru IPO Guru (1600+ Posts, 3900+ Likes)
What''s it market cap will b around @800?
5.6. Septa  Jun 27, 2016 23:29
IPO Guru IPO Guru (4000+ Posts, 4600+ Likes)
5.7. gamble  Jun 28, 2016 07:02
IPO Guru IPO Guru (1600+ Posts, 3900+ Likes)
Thank u both of u
4. Septa  Jun 27, 2016 22:10
IPO Guru IPO Guru (4000+ Posts, 4600+ 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.

shivam chouksey
4.1. shivam chouksey  Jun 27, 2016 23:21
Dear septa ji 265 times return to sensex ne bi diya hi compare kare to kuch khas to kiya nahi hi
4.2. Septa  Jun 27, 2016 23:28
IPO Guru IPO Guru (4000+ Posts, 4600+ Likes)
Uchit Patel
3. Uchit Patel  Jun 27, 2016 12:55
IPO Mentor IPO Mentor (500+ Posts, 1400+ Likes)
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.
Praveen Prasad
3.2. Praveen Prasad  Jun 27, 2016 13:08
Well Said!!
3.3. INVESTERONLY  Jun 28, 2016 00:15
Then not apply all of you.....it is upto you....you can buy in,discount once it will lost....
Chem cho
2. Chem cho  Jun 27, 2016 12:41
IPO Guru IPO Guru (2100+ Posts, 2100+ 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 , )
Anirudh Bhargava
2.2. Anirudh Bhargava  Jun 27, 2016 14:21
what do you mean wait for dip between 850 to 900 it is going to list rs 1000 rs
Chem cho
2.3. Chem cho  Jun 28, 2016 08:12
IPO Guru IPO Guru (2100+ Posts, 2100+ 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  Jun 27, 2016 11:38
IPO Guru IPO Guru (5800+ Posts, 19500+ 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 !!
21.2. Wasim  Jun 28, 2016 09:09
Eagle eye mam kya mgl ka allotment aaj ho jayega ya kal fund release ke time hoga
Manoj budhwani
21.3. Manoj budhwani  Jun 28, 2016 11:17
Dear Wasim,

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.

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