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Incorporated in 1996, Larsen & Toubro Infotech, a subsidiary of Larsen & Toubro Ltd is Mumbai, India based IT Solutions & Services Company. Information in this paragraph is copied from chittorgarh.com. L&T Infotech is ranked 6th largest IT company in India in terms of export revenues and among top 20 IT service provider in the world.
L&T Infotech offers an extensive range of IT services in diverse industries around the world. The services offered by L&T Infotech includes application development, maintenance and outsourcing, enterprise solutions, infrastructure management services, testing, digital solutions and platform-based solutions.
L&T Infotech is promoted by Larsen & Toubro Limited, a leading Indian conglomerate in engineering, construction, manufacturing, finance and technology. Content in this paragraph is copied from chittorgarh.com. For L&T Infotech, the percentage of its revenue from North America, Europe, Asia Pacific and the rest of the world amounted to 68.6%, 17.9%, 2.4% and 6.9%, for Financial Year 2015.
Competitive strengths of the company are as following:
1. Strong domain focus enabling Business-to-IT Connect
2. Strong parentage and brand equity of our Promoter
3. Established long-term relationships with our clients
4. Extensive portfolio of IT services and solutions
5. Focus on emerging technologies
6. Track record of established processes and executing large, end-to-end, mission critical projects
7. Strong management culture
8. Conducive work environment to attract and retain talent
| IPO Date | Jul 11, 2016 to Jul 13, 2016 |
| Listing Date | Jul 21, 2016 |
| Face Value | ₹1 per share |
| Price | ₹705 to ₹710 per share |
| Lot Size | 20 Shares |
| Total Issue Size | 17,500,000 shares (aggregating up to ₹1,236.00 Cr) |
| Fresh Issue | 0 shares (aggregating up to ₹[.] Cr) |
| Offer for Sale | 17,500,000 shares of ₹1 (aggregating up to ₹[.] Cr) |
| Retail Discount | Rs 10 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | 3,500,000 (28.57%) |
| NII (HNI) Shares Offered | 2,625,000 (21.43%) |
| Retail Shares Offered | 6,125,000 (50.00%) |
| Total Shares Offered | 12,250,000 |
The L&T Infotech IPO lot size is 20 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹14,200 |
| Retail (Max) | 14 | 280 | ₹198,800 |
| Lot Size Calculator | |||
The L&T Infotech IPO is subscribed 11.69 times on Jul 13, 2016 6:30:00 PM. The public issue subscribed 7.39 times in the retail category, 19.91 times in the QIB category, and 10.76 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 19.91 |
| NII | 10.76 |
| Retail | 7.39 |
| Total | 11.69 |
|
Particulars |
For the year/period ended (in Rs. Million) | ||||
| 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | |
| Total Assets | 32,380.30 | 29,068.71 | 25,058.09 | 21,893.69 | 19,814.75 |
| Total Revenue | 59,081.26 | 48,331.83 | 45,628.48 | 36,301.56 | 29,685.54 |
| Profit After Tax (PAT) | 9,381.31 | 7,735.97 | 9,032.57 | 5,599.83 | 4,059.27 |
L&T Infotech Ltd offers discount of Rs 10 to all eligible Retail Individual Bidders.
| Name of company | Face Value (Rs per share) | EPS (Rs per share) Basic | EPS (Rs per share) Diluted | NAV (Rs per Share) | P/E | RoNW |
|---|---|---|---|---|---|---|
| Tata Consultancy Services Limited | 1 | 123.28 | 123.28 | 331.7 | 20.4 | 41.9% |
| Infosys Limited | 5 | 59.85 | 59.84 | 253.0 | 20.4 | 25.2% |
| Wipro Limited | 2 | 36.20 | 36.12 | 188.6 | 15.6 | 20.3% |
| HCL Technologies Limited | 2 | 52.30 | 52.10 | 198.7 | 15.6 | 28.6% |
| Tech Mahindra Limited | 5 | 32.34 | 31.67 | 148.4 | 14.7 | 23.4% |
| Hexaware Technologies Limited | 2 | 13.05 | 12.94 | 47.5 | 18.6 | 28.9% |
| Mindtree Limited | 10 | 35.99 | 35.89 | 142.8 | 18.1 | 27.4% |
| Larsen & Toubro Infotech Limited | ||||||
| March 31, 2016 | 1 | 56.26 | 56.13 | 119.11 | 12.6x | 45.55% |
| March 31, 2015 | 1 | 47.21 | 45.17 | 41.87% | ||
| March 31, 2014 | 1 | 42.70 | 40.86 | 46.70% | ||
Note:
BSE Notice No. 20160708-35 | Notice Date 08 Jul 2016
Under Anchor Investors (AIs) portion in the Public Issue of Larsen & Toubro Infotech Limited, 52,50,000 equity shares have been subscribed today by 22 AIs at Rs. 710/- per equity share.
[Dilip Davda] Group's fancy among investors across the board and reasonable pricing makes this IPO a worthy bet for medium to long term. Read detail review...
The objects of the offer are to:
1. achieve the benefits of listing the Equity Shares on the Stock Exchanges; and
2. carry out the sale of up to 17,500,000 Equity Shares by the Selling Shareholder.
| Listing Date | Jul 21, 2016 |
| BSE Script Code | 540005 |
| NSE Symbol | LTIM |
| ISIN | INE214T01019 |
| Final Issue Price | ₹710 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹710.00 |
| ₹666.60 |
| ₹666.60 |
| ₹710.00 |
| ₹697.65 |
| NSE |
|---|
| ₹710.00 |
| ₹667.00 |
| ₹666.00 |
| ₹710.00 |
| ₹697.60 |
L&T Infotech Ltd
L&T House,
Ballard Estate,
Mumbai 400 001
Phone: +(91 22) 6752 5656
Email: investor@lntinfotech.com
Website: http://www.lntinfotech.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: lntinfotech.ipo@linkintime.co.in
Website: https://linkintime.co.in/
L&T Infotech IPO is a main-board IPO of 17,500,000 equity shares of the face value of ₹1 aggregating up to ₹1,236.00 Crores. The issue is priced at ₹705 to ₹710 per share. The minimum order quantity is 20 Shares.
The IPO opens on Jul 11, 2016, and closes on Jul 13, 2016.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The L&T Infotech IPO opens on Jul 11, 2016 and closes on Jul 13, 2016.
L&T Infotech IPO lot size is 20 Shares and the minimum order quantity is .
You can apply in L&T Infotech IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for L&T Infotech IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the L&T Infotech IPO allotment status.
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What should I do ? Hold or sell ? :(