L&T Technology Services Ltd IPO (L&T Technology IPO) Detail

Sep 12, 2016 - Sep 15, 2016

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:

The Promoter of our Company is L&T

Company Financials:

Summary of financial Information
Particulars For the year/period ended (in Rs. Million)
31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 18,227.27 17,144.82 6,368.91 0.50
Total Revenue 29,694.04 25,856.22 1,222.00 -
Profit After Tax (PAT) 4,342.36 3,151.77 62.14 (0.03)

Objects of the Issue:

The objects of the Offer are (Information partner: chittorgarh.com, India's No 1 IPO Investment Portal)
1. To achieve the benefits of listing the Equity Shares on the Stock Exchanges and
2. To carry out the sale of up to 10,400,000 Equity Shares by the Selling Shareholder.

L&T Technology IPO Details

IPO Opening DateSep 12, 2016
IPO Closing DateSep 15, 2016
Issue TypeBook Built Issue IPO
Face Value₹2 per equity share
IPO Price₹850 to ₹860 per equity share
Market Lot16 Shares
Min Order Quantity16 Shares
Listing AtBSE, NSE
Issue Size10,400,000 Eq Shares of ₹2
(aggregating up to ₹894.40 Cr)
Offer for Sale10,400,000 Eq Shares of ₹2
(aggregating up to ₹[.] Cr)

L&T Technology IPO Tentative Timetable

The L&T Technology IPO open date is Sep 12, 2016, and the close date is Sep 15, 2016. The issue may list on Sep 23, 2016.

IPO Open DateSep 12, 2016
IPO Close DateSep 15, 2016
Basis of Allotment DateSep 20, 2016
Initiation of RefundsSep 21, 2016
Credit of Shares to Demat AccountSep 22, 2016
IPO Listing DateSep 23, 2016

L&T Technology IPO Lot Size

The L&T Technology IPO market lot size is 16 shares. A retail-individual investor can apply for up to 14 lots (224 shares or ₹192,640).

ApplicationLotsSharesAmount (Cut-off)

L&T Technology IPO Subscription Status (Bidding Detail)

The L&T Technology IPO is subscribed 2.52x times on Sep 15, 2016 19:00. The public issue subscribed 1.74x in the retail category, 5.01x in the QIB category, and 1.03x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription








L&T Technology IPO Prospectus

L&T Technology IPO Rating

Rating:Rated 3.3 stars

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L&T Technology IPO Listing Date

Listing DateFriday, September 23, 2016
BSE Script Code540115
Listing InB Group of Securities
IPO Price₹860 per equity share
Face Value₹2 per equity share

Listing Day Trading Information

IPO Price
Last Trade

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Company Contact Information

L&T Technology Services Ltd
L&T House,
N.M. Marg, Ballard Estate,
Mumbai 400 001

Phone: +91 22 6752 5656
Email: investor@LntTechservices.com
Website: http://www.lnttechservices.com/

L&T Technology IPO Registrar

KFintech Private Limited
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India - 500 032.

Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/

L&T Technology IPO FAQs

  1. What is L&T Technology IPO?

    L&T Technology IPO is a main-board IPO of 10,400,000 equity shares of the face value of ₹2 aggregating up to ₹894.40 Crores. The issue is priced at ₹850 to ₹860 per equity share. The minimum order quantity is 16 Shares.

    The IPO opens on Sep 12, 2016, and closes on Sep 15, 2016.

    KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. When L&T Technology IPO will open?

    The L&T Technology IPO opens on Sep 12, 2016 and closes on Sep 15, 2016.

  3. What is the lot size of L&T Technology IPO?

    L&T Technology IPO lot size is 16 Shares and the minimum order quantity is 16 Shares.

  4. How to apply for L&T Technology IPO?

    You can apply in L&T Technology 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  5. When L&T Technology IPO allotment?

    The finalization of Basis of Allotment for L&T Technology IPO will be done on Sep 20, 2016, and the allotted shares will be credited to your demat account by Sep 22, 2016. Check the L&T Technology IPO allotment status.

  6. When is L&T Technology IPO listing date?

    The L&T Technology IPO listing date is on Friday, September 23, 2016.

L&T Technology IPO Message Board

Ranked Members  Ranked Members

629. SHG Security pvt ltd |Oct 6, 2016 22:50
Fresh buying start today in LTT...
Accumulate for gain.
628. Carn Mohan |Sep 29, 2016 22:10
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
forget all IPOs for 2,3 years.
627. Manoj SM |Sep 27, 2016 21:10
I had applied for L&T Tech IPO through Union Bank of India online ASBA
Till date the bank has not unblocked my amount
Even mailed the complaint to concerned bank dept but no reply
Also called over phone but giving reason of technical problem and their IT team is trying to resolve.

Please guide how to take action against the bank or relevant authority

626. mailmerge |Sep 26, 2016 18:28
still the amount is not unblocked.
626.1. AMRISHIPO |Sep 27, 2016 06:46
LODGE an complaint on bank site in grievance cell
625. Chem cho |Sep 26, 2016 17:15
IPO Guru IPO Guru (2100+ Posts, 2100+ Likes)
625.1. KMS |Sep 27, 2016 22:21
This is what I did on listing day. Yours is a good idea
624. pablo Escobar |Sep 26, 2016 10:59
Good going gamble .

Now LTT @872.
999 short term.
623. Carn Mohan |Sep 26, 2016 10:44
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
Retailer ko jaal may phasa kar
slowly slowly apny bhai Kay pas ja raha hi
622. gamble |Sep 26, 2016 09:30
IPO Guru IPO Guru (1600+ Posts, 3900+ Likes)
Bought @861
622.3. pablo Escobar |Sep 26, 2016 10:53
What about today tgt in LTT
622.4. gamble |Sep 26, 2016 10:54
IPO Guru IPO Guru (1600+ Posts, 3900+ Likes)
Vol. Looks decent till now 450k....3-4 % up possible. If not then hold.
621. P.D.PATEL |Sep 25, 2016 13:54
I have two lot 32shares

Monday ko LTTS me kya kya kiya jaay ??

Sell kar Du ya hold ???
Plz reply yaar
620. SB IPO KNOWLEDGE |Sep 24, 2016 16:17
On September 23, 2016 Motilal Oswal Asset Management Co.Ltd. - NTDOP (PMS) bought 11,00,000 shares of L&T Technology Services at Rs 920 on the NSE.

Read more at: http://www.moneycontrol.com/news/buzzing-stocks/motilal-oswal-buys-11-lakh-shareslt-technology-_7511801.html?utm_source=ref_article
619. Chem cho |Sep 24, 2016 08:33
IPO Guru IPO Guru (2100+ Posts, 2100+ Likes)
WE had shorted L&TT as per the trend at Rs 910 and covered the same at the end of the day at 870

Mondays trend will be decided at 9.30 am as per markets but it is not likely to go down , as we had given buying call at 875 but as it was over sold the trend went up to 860 , so brokers wanted to bring to 825 levels but that was not possible as there were buyers at Rs 860
i would like to suggest that those who have L&T share can sell at rs 1500 and buy LTT AT RS 860 OR AS PER MARKET TREND
619.6. gamble |Sep 25, 2016 14:43
IPO Guru IPO Guru (1600+ Posts, 3900+ Likes)
Equitas,ujjivan,advance also closed on lowerside On first day

While precam,dbl closed upperside on listing day
619.7. IPO Riders |Sep 25, 2016 23:42
Chem chhoji.

Same done here.

If it was list down. At 830-840 than it was a reverse strategy in mind.

But now shorting is Risky without having delivery.

It may go on UJJIVAN way on listing days.
618. gamble |Sep 24, 2016 08:12
IPO Guru IPO Guru (1600+ Posts, 3900+ Likes)
Some analysis :

1 day.........10m................14m......
2 day..........?....................1m.....

Well, 1st day traded quantity is
More 2.66m in LTTs (compared to 1 time selling share available.)
while More 1.81m in LTI.

LTI price up by 667 to 705
LTTs down by 930 to 860

All know that LTTs won''t give listing gain.

So based on above facts we can easily assume that no one took chance in LTTs .all were on selling side.
retailers+intra player(last hour drop) are out in LTTs while they weren''t for LTI.


So new buying by any biggies can take this to upperside .
(will not break easily 825/800 as u think..!!)

Upside 10-12% in a 1-1.5month ....
Downside 2-5%(if any)
...my view....
618.1. gamble |Sep 24, 2016 08:18
IPO Guru IPO Guru (1600+ Posts, 3900+ Likes)
formula for monday :-)

If trading vol. Will b more than 1-1.2m then atleast 3-5% upside should b there...!!!....strange...!!
617. GoodFortune |Sep 24, 2016 00:27
Congratulations to all who made some money in this IPO. It was good time for exit. Hope it won''t go in negative from Monday.
616. IPO Riders |Sep 24, 2016 00:18
Gamble ji

Can it be considered as UJJIVAN like behavior?

Any price target before divali or dec-16.?

Always waiting for your listing day comments

And you correct predicted in SP APPEAL, MGL, DBL etc

Pls share
616.1. gamble |Sep 24, 2016 07:42
IPO Guru IPO Guru (1600+ Posts, 3900+ Likes)
Not in SPA btw...if u consider LTTs for that time (like 2-3 month) then , 10-12% gain should b there...my view.
LTTS can''t run like ujjivan.
615. gamble |Sep 23, 2016 20:39
IPO Guru IPO Guru (1600+ Posts, 3900+ Likes)
% deliverable

NSE 32.72%(total vol.8014800)
BSE 28.55%.(total vol. 1929762)

VwAp 902(nse)
......... 895(bse)

615.2. gamble |Sep 23, 2016 21:52
IPO Guru IPO Guru (1600+ Posts, 3900+ Likes)
So hand changing @higher rate.
615.3. Nagesh |Sep 25, 2016 22:49
Total traded is 9944562 out of which delivery is 3173566.
614. SB IPO KNOWLEDGE |Sep 23, 2016 20:39
I want to share that We Cannot withdraw IPO application after closure of issue. This is what I received in my mail from Registrar

Dear Investor,

Please note that as per the new IPO procedure investor have to withdraw the application at the time of the issue was open. As this written application was the old practice for the IPO.

We are disposing of your request with no further action at our end.


Primary Market- IRC | Link Intime India Pvt. Ltd.
613. P.D.PATEL |Sep 23, 2016 20:03
I have 2 lot(32share)
I still not sell it .....
Plz advice what have to do ???
613.1. Mann Ki Baat |Sep 23, 2016 23:58
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)

If I was in your place then I would sell it on Monday if it opens higher by Rs 10 at Rs 880 or Rs 876

Its your money you have to decide

Short Term - SELL
Long Term - HOLD
Fresh Investment - NO (other investment opportunities are available)
613.2. Tapas |Sep 24, 2016 01:40
Dear sir. You are caught now if you get profit exit if it goes below issue price exit and try again with that money in another place. One failure does not mean life is over
612. Ashish Rateria |Sep 23, 2016 19:27
before listing i predicted listing below 925/- and later will decline. but didn''t expected the share to go till 860/- at closing. now in a week may be further down to 815-830 levels.
611. PANKAJJJJ |Sep 23, 2016 19:19
I have not applied in this ipo because somehow I know that this ipo will not give any decent listing gain which we can see. Remember I am talking about listing gains (which in my view is minimum 10-15% remember ipo is big risk big return game) not long term because if anyone wants to hold it for long term why he will go with ipo price when he can buy it at low price with more clear future prospect....and one thing to all those people with targets 1100-1200 and some 1300 for l&t tech....please be realistic....in this form we are here to share/give good views not fooling each other....this is one of the main reason that some good members leave this forum.......good luck to all
611.1. AMRISHIPO |Sep 23, 2016 19:31
good members left the forum because of RKS

USING bad words to fellow members and supporting only one group was the habit of RKS
NOW the forum is free to write

one way we say we do not get allotment in good stock but applying in risky stock like LTT we got at 5% listing gain in 8 t0 10 days
611.2. PANKAJJJJ |Sep 23, 2016 19:45
Amrishipo....thanks for the reply.....i dont know whether it is rks or another reason for their leave....but it is a loss for all of us ....because it is well said that u learn some thing from good knowledgeable person....and as far as those people who say that they will not lose any thing because of leaving some members....i want to say them that if they are so intelligent why them come on this website..... either they have plenty of time or they do not have self confidence.....i am here to gain knowledge and self confidence .....each one of us has a view and this forum is just like a meeting room so each one ( i am not pointing anyone) should maintain some discipline and respect each one....i have read some comments of rks....he sometime gets too rude to talk....as far as l&t tech is concern ....the whole group has a bad track record in listing gain......you can see .....remember i am talking about listing gain not long term and shares with weak listing gain can be purchase later in weak market like in l&t finance not in strong market....welcome your reply
610. AMRISHIPO |Sep 23, 2016 19:08
FINALLY THOSE WHO HAVE SOLD ABOVE 860 are winners but wait a wile you have to add this stock at your portfolio at lower levels ie 850

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