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

September 12, 2016 - September 15, 2016

L&T Technology IPO is a book built issue of Rs 894.40 crores. The issue is entirely an offer for sale of 1.04 crore shares.

L&T Technology IPO bidding started from September 12, 2016 and ended on September 15, 2016. The allotment for L&T Technology IPO was finalized on Tuesday, September 20, 2016. The shares got listed on BSE, NSE on September 23, 2016.

L&T Technology IPO price band is set at ₹850 to ₹860 per share. The minimum lot size for an application is 16 Shares. The minimum amount of investment required by retail investors is ₹13,760.

Bofa Securities India Limited, Jm Financial Limited, Kotak Mahindra Capital Company Limited and SBI Capital Markets Limited are the book running lead managers of the L&T Technology IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to L&T Technology IPO RHP for detailed information.

L&T Technology IPO Details

IPO Date September 12, 2016 to September 15, 2016
Listing Date September 23, 2016
Face Value ₹2 per share
Price Band ₹850 to ₹860 per share
Lot Size 16 Shares
Total Issue Size10,400,000 shares
(aggregating up to ₹894.40 Cr)
Offer for Sale10,400,000 shares of ₹2
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

L&T Technology IPO Reservation

L&T Technology IPO offers 7,280,000 shares. 2,080,000 (28.57%) to QIB, 1,560,000 (21.43%) to NII, 3,640,000 (50.00%) to RII. 227,500 RIIs will receive minimum 16 shares and (sNII) and (bNII) will receive minimum 240 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered2,080,000 (28.57%)NA
NII (HNI) Shares Offered1,560,000 (21.43%)
Retail Shares Offered3,640,000 (50.00%)227,500
Total Shares Offered7,280,000 (100%)

L&T Technology IPO Timeline (Tentative Schedule)

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

IPO Open Date Monday, September 12, 2016
IPO Close Date Thursday, September 15, 2016
Basis of Allotment Tuesday, September 20, 2016
Initiation of Refunds Wednesday, September 21, 2016
Credit of Shares to Demat Thursday, September 22, 2016
Listing Date Friday, September 23, 2016
Cut-off time for UPI mandate confirmation 5 PM on September 15, 2016

L&T Technology IPO Lot Size

Investors can bid for a minimum of 16 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 16 ₹13,760
Retail (Max) 14 224 ₹192,640
Lot Size Calculator

About L&T Technology Services Ltd

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 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 (L&T Technology IPO Objectives)

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 Review (Apply)

[Dilip Davda]  The issue is from the Group reckoned for its market friendly gestures. This is the second IPO from the group in this year. However, last IPO from the group failed to live up to confidence post listing. Long term investors may consider investment in this issue as the company is one among the few in the world providing technology solutions. Read detail review...


L&T Technology IPO Subscription Status (Bidding Detail)

The L&T Technology IPO is subscribed 2.52 times on September 15, 2016 7:00:00 PM. The public issue subscribed 1.74 times in the retail category, 5.01 times in the QIB category, and 1.03 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB5.01
NII1.03
Retail1.74
Total2.52

L&T Technology IPO Prospectus

L&T Technology IPO Rating

871
3.3
Rating:Rated 3.3 stars
Vote Here ...

L&T Technology IPO Listing Details

Listing Date September 23, 2016
BSE Script Code 540115
NSE Symbol LTTS
ISIN INE010V01017
Final Issue Price ₹860 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹860.00
₹900.00
₹860.00
₹931.00
₹865.10
NSE
₹860.00
₹920.00
₹860.10
₹931.45
₹869.00

Check IPO Performance…

L&T Technology Services Ltd Contact Details

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

Kfin Technologies Limited

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

L&T Technology IPO FAQs

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 share. The minimum order quantity is 16 Shares.

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

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

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

L&T Technology IPO lot size is 16 Shares, and the minimum amount required is ₹13,760.

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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

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

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

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members

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1081 Comments

629. SHG Security pvt ltd |   Link |  Bookmark |October 6, 2016 11:50:58 PM
Fresh buying start today in LTT...
Accumulate for gain.
628. Carn Mohan |   Link |  Bookmark |September 29, 2016 11:10:40 PM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
forget all IPOs for 2,3 years.
627. Manoj SM |   Link |  Bookmark |September 27, 2016 10:10:42 PM
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

Regards
Manoj
626. mailmerge |   Link |  Bookmark |September 26, 2016 7:28:33 PM
:(
still the amount is not unblocked.
626.1. AMRISHIPO |   Link |  Bookmark |September 27, 2016 7:46:02 AM
LODGE an complaint on bank site in grievance cell
625. Chem cho |   Link |  Bookmark |September 26, 2016 6:15:47 PM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)
STILL I WOULD LIKE TO INFORM THOSE HAVING L&T SHARE SELL AND CONVERT TO LTT YOU WILL BE Benefited
625.1. KMS |   Link |  Bookmark |September 27, 2016 11:21:46 PM
This is what I did on listing day. Yours is a good idea
624. pablo Escobar |   Link |  Bookmark |September 26, 2016 11:59:11 AM
Good going gamble .

Now LTT @872.
999 short term.
623. Carn Mohan |   Link |  Bookmark |September 26, 2016 11:44:52 AM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
Retailer ko jaal may phasa kar
slowly slowly apny bhai Kay pas ja raha hi
622. gamble |   Link |  Bookmark |September 26, 2016 10:30:01 AM (1600+ Posts, 3900+ Likes)
Bought @861
622.3. pablo Escobar |   Link |  Bookmark |September 26, 2016 11:53:04 AM
What about today tgt in LTT
622.4. gamble |   Link |  Bookmark |September 26, 2016 11:54:48 AM (1600+ Posts, 3900+ Likes)
Vol. Looks decent till now 450k....3-4 % up possible. If not then hold.
621. P.D.PATEL |   Link |  Bookmark |September 25, 2016 2:54:26 PM
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 |   Link |  Bookmark |September 24, 2016 5:17:49 PM
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 |   Link |  Bookmark |September 24, 2016 9:33:35 AM
IPO Guru IPO Guru (2500+ Posts, 2700+ 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
LTT WILL GIVE GOOD RETURS IN LONG RUN THAN L&T
619.6. gamble |   Link |  Bookmark |September 25, 2016 3:43:43 PM (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 |   Link |  Bookmark |September 26, 2016 12:42:04 AM
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 |   Link |  Bookmark |September 24, 2016 9:12:39 AM (1600+ Posts, 3900+ Likes)
Some analysis :

..................LTTS................LTI............
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.


Concl:

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 |   Link |  Bookmark |September 24, 2016 9:18:45 AM (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 |   Link |  Bookmark |September 24, 2016 1:27:51 AM
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 |   Link |  Bookmark |September 24, 2016 1:18:17 AM
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 |   Link |  Bookmark |September 24, 2016 8:42:56 AM (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 |   Link |  Bookmark |September 23, 2016 9:39:33 PM (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 |   Link |  Bookmark |September 23, 2016 10:52:26 PM (1600+ Posts, 3900+ Likes)
So hand changing @higher rate.
615.3. Nagesh |   Link |  Bookmark |September 25, 2016 11:49:16 PM
Total traded is 9944562 out of which delivery is 3173566.
614. SB IPO KNOWLEDGE |   Link |  Bookmark |September 23, 2016 9:39:12 PM
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.

Regards,

Primary Market- IRC | Link Intime India Pvt. Ltd.
613. P.D.PATEL |   Link |  Bookmark |September 23, 2016 9:03:06 PM
I have 2 lot(32share)
I still not sell it .....
Plz advice what have to do ???
613.1. Mann Ki Baat |   Link |  Bookmark |September 24, 2016 12:58:21 AM
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 |   Link |  Bookmark |September 24, 2016 2:40:04 AM
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 |   Link |  Bookmark |September 23, 2016 8:27:53 PM
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 |   Link |  Bookmark |September 23, 2016 8:19:25 PM
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 |   Link |  Bookmark |September 23, 2016 8:31:07 PM
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 |   Link |  Bookmark |September 23, 2016 8:45:43 PM
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 |   Link |  Bookmark |September 23, 2016 8:08:56 PM
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