L&T Technology Services Ltd IPO Message Board (Page 29)

The firm can be compared with listed entities such as Tata Elxsi and Cyient. At the upper end of the price band at Rs 860, the PE for L&T Technology at basic FY16 EPS of Rs 43.52 stands at 19.76. On a diluted EPS basis, the PE of the firm stands at Rs 26.79 a share. This is against a PE of 37.8 for Tata Elxsi and 14.7 for Cyient

ketan patel,
new ranip

Since l&t group is not an investors friendly so i never apply any ,may look after listing bellow 10% types

GMP???

It has face value of 2.
That means it is asking for 4300 per share at upper band at face value of 10

In my view, Don''''t fall in Trap again... Totally avoid L&T IPO...

with FY16 EPS of 38.85 -- PE at 22.1x times. Where their peers like Cyient PE avaiable at 14.7

IMO reasonable price doe L&T tech services IPO is = 18 * 38.85 = 700 Rs. around..

Will surely come down to 700 levels after listing of IPO..

Dear Gamble,

Ur looking at standalone EPS only.

As per I can see, Consolidated EPS is 6.58 for JUNE 2016
Expected EPS would be 31.58 for FY17

Now with CMP of 481 = PE would come around 15 for FY17


And L&T infotec is giving at 22 PE on IPO price...

If we consider 15PE for L&T , fair value would be around 583 only...

Yes on standalone only...okay but did u Checked PAT ??

Gnp axles ipo good to apply ?

Khemka ,
IT is your baby and not mine , you made him angry all time
HE wanted to step in shoes of eagleye and he said so in writing in this forum
but was kicked out by modulator , for writing against modulator
He tried to write in some other forum , but they are more strict there also he tried to argue

sorry is for RKS

RKS
WHAT IS YOUR VIEW OF L&T TECH ,
YOU HAVE FAILED IN L&T INFOTEC

Chemcho,your friends right now in agra don''t disturb him.😜😜

3.1. Chem cho Sep 3, 2016 1:28:09 PM IST
Khemka ,
RKS
IT is your baby and not mine , you made him angry all time
HE wanted to step in shoes of eagleye and he said so in writing in this forum
but was kicked out by modulator , for writing against modulator
He tried to write in some other forum , but they are more strict there also he tried to argue

fair value Rs 530 / but my target is Rs 400/ technology sector will under performer in next 3 years.

LIKE L AND T INFOTECH GMP WAS 121 THEN TURN NEGATIVE SAME WAY GMP OF L ANDT TECH WILL DOWN AFTER IPO OVER I WILL NOT APPLY WAIT FOR ANOTHER IPO

HOWEVER TECH SECTOR DOWN SO I AVOID THIS IPO AND APPLY ICICI PRUDENTIAL LIFE NO RISK

IT IS MORE RISKY TO APPLY IN ICICI PRUDENDENTAIL DUE TO BIG ISSUE 5000 CR

i will apply and i will sell my application in grey market.
and same thing i was do in LTI.
And i think this is one way to earn from IPO.

I WOULD LIKE TO GIVE PE OF 30 TO L T TECH IPO SO FAIR VALUE MAY BE 1245

L&t 70-73 Kostak 550

💰 GNA Axles Ltd.
Date 14-16 September 16
Price Band 205-207
Lot 70
Size 126.27 Cr.

💰 ICICI PRUDENTIAL LTD
Size 4800 Cr.
Date 20-22 September 16

💰 HPL ELECTRIC AND POWER LTD.
Date 27-29 September 16 Tentative

Friends, wo Eagleye kaha bhaag gaya?

Eagleye ko dengue ho gya h
Vo bimaar h

The present grey market premium is Rs/-75 and it will shoot up shortly . Issue will at-list be subscribed 4 times (No. , of app wise) in retail and even if going the present grey market premium of Rs. 500/- per application the grey market premium is Rs. 125/-. .

Act as per your wisdom AND ITS LISTING GAIN WILL BE SIMILAR TO iNDIGO ipo WHICH NO BODY WAS APPLYING AND RETAIL PORTION WAS NOT FULLY SUBSCRIBED.
DO NOT MISS THE OPPORTUNITY OF WORLD CLASS BLUE CHIP COMPANY . THROUGH THE RED HARRY PROSPECTUS.
As per latest balance sheet in RHP, the EPS is Rs. 45/- approx and will at least list at the PE of Rs. 25/-. It is a future Tata elexi,Honeywell type company. Total equity base is apprx. 2.2 crore shares after IPO. No equity disillusion in this IPO. Only L&T is offloading certain shares as promoter for listing purpose.. Great future.
It is my experience. I applied in INFOSYS IPO which was not completely subscribed and underwriters had to bail out the company and initial investment of Rs. 9500/- infosys for 100 shares is more than Rs. 5.0 crore + lacs of Rupees dividend .
Great chance. do not sale onlisting for prettu gain and wait. Rs. 13760/- investment for 16 shares of L&T Tech can make you any thing.
Good luck

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:

450 kostak in bhavnagar

Official announcement is as per expectation.
&T Technology Services, the subsidiary of engineering & construction major Larsen & Toubro, has fixed a price band for its 1.04 crore shares public issue at Rs 850-860 per share.
The offer by engineering research and development (ER&D) services company will be opened for subscription on September 12 and will close on September 15.
L&T informed exchanges yesterday that the red herring prospectus filed by the subsidiary company with the Registrar of Companies, Maharashtra, Mumbai, has been approved on September 1.

As this co is related to core business of parent l&t, need to have a look into it.
Past issues of l&t fh and l&t info were not related to it''s core business.

Yes...that''s the advantage.

Tata elxsi trading PE of 31(@1570)
Cyient trading PE of 26 (@480)....


What PE do u expect from LTT ??

20......then price 860
25.....then price 1075
30......then price 1290

So, something on table for us...It seems...

gmp will start soon..so we will get better picture..but now LTT looks not overvalued.

Sahi pakde hai gamble ji

How come EPS of Cyient is 26 ????

June EPS is 6.58 Consolidated.

And expected EPS for FY17 would be around 32

So, CYIENT''s right PE is 15 only.....

I wouldn''t buy L&T at 22 PE at all, It is AVOID for me, and will be available in discount after listing... Also, as always L&T never left anything in table for retail investors.. Check past IPOs....

LTT(L&T technology services)

( no. in million)
2014 2015. 2016
income 1222. 25856 29694.
PAT. 62.14. 3151. 4342.3

EPS. (rs) 0.84. 46.81. 43.32



peer comparision

fv EPS NAV. RoNW
LTT. 2 43.32 145. 38
cyient 5 29. 170 17
elexi 10 49.7 127. 40

Gambel Sir are you CA (chartered account)

No..no...i completed my B.tech and now preparing for GATE...

Nobil,,,,I''m NOOBIE of market ( like noobie in mini militia''s :-) )

After loss in LT InfoTech, now many retail punters unlikely to put multiple applications.. So I am going to take the risk and apply for a lot..