July 11, 2016 - July 13, 2016

L&T Infotech IPO Basis of Allotment

LARSEN & TOUBRO INFOTECH LIMITED

Our Company was incorporated at Mumbai on December 23, 1996 as L&T Information Technology United, a public limited company under the Companies Act 1956. Our Company obtained the certificate of commencement of business on March 25,1997. The name of our Company was subsequently changed to Larsen & Toubroinfotech Limited and the Registrar of Companies, Maharashtra at Mumbai, (the "RoC"; issued a fresh certificate of Incorporation on June 25,2001. For further details, see "History and Certain Corporate Matters" on page 132 of the Prospectus dated July 14, 2016 (the "Prospectus").

Registered Office: L&T House, Ballard Estate, Mumbai 400 001: Tel: (91 22) 6752 5656; Fax: (91 22) 6752 5893, Corporate Office: L&T Technology Centre, Gate No. 5, Saki Vihar Road, Powai, Mumbai� 400 072; Tel: (91 22} 6776 6776; Fax: (91 22) 26581130. Contact Person: S. K. Bhatt, Company Secretary and Compliance Officer, E-mail: investor@lntinfotech.com : Website: www.lntinfotech.ccm
Corporate Identity Number: U72900MH1996PLC104693

OUR PROMOTER: LARSEN & TOUBRO LIMITED

The Equity Shares are proposed to be listed on the National Stock Exchange of India Limited ("NSE") and the BSE Limited ("BSE") and the trading is expected to commence on or about July 21,2016.

BASIS OF ALLOTMENT

PUBLIC OFFER OF UP T0 17,500,000 EQUITY SHARES OF FACE VALUE OF RS 1 EACH (THE "EQUITY SHARES") OF LARSEN & TOUBRO INFOTECH LIMITED (THE "COMPANY") FORCASH AT APRICE OF RS 710 PER EQUITY SHARE AGGREGATING UP TO RS 12,363.75* MILLION (THE "OFFER") THROUGH AN OFFER FOR SALE BY OUR PROMOTER, LARSEN & TOUBRO LIMITED (THE "SELLING SHAREHOLDER"), THE OFFER WOULD CONSTITUTE 10.30 % OF THE POST-OFFER PAID-UP EQUITY SHARE CAPITAL
* Adjusted for Discount of Rs 10 per Equity Share on the Offer Price to Retail individual Bidders.

OFFER PRICE: Rs 710 PER EQUITY SHARE OF FACE VALUE OF Rs 1 EACH ANCHOR INVESTOR OFFER PRICE; Rs 710 PER EQUITY SHARE� THE OFFER PRICE IS 710 TIMES THE FACE VALUE

Risks to Investors:

i. The three Merchant Bankers associated with the Offer have handled 23 public issues in the past three years out of which 7 issues closed below the issue price on listing date.

ii. Average cost of acquisition of Equity Shares for our Promoter who is also the Selling Shareholder in the IPO is Rs.8.33 per Equity Share and the Offer Price at the upper end of the Price Band is Rs 710 per Equity Share.

BID/ OFFER PERIOD: OPENED ON: MONDAY, JULY 11, 2016;
CLOSED ON WEDNESDAY, JULY 13, 2016
ANCHOR INVESTOR BIDDING DATE: FRIDAY, JULY 8, 2018

In terms of Rule 19(2)(b)(ii)of the Securities Contracts (Regulation) Rules, 1957 as amended (the "SCRR"). this is an Offer for at least 10% of the post-Offer paid-up equity share capital of the Company. The Offer has been made in accordance with Regulation 26(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirement) Regulations, 2009, as amended (the "SEBI Regulation"), through the Book Building Process wherein not more than 50% of the Offer has been allocated on a proportionate basis to Qualified Institutional Buyers ("QIBs").Our Company and the selling Shareholder have allocated up to 60% of the QIB Portion to Anchor Investors on a discretionary basis, out of which one-third was reserved for domestic Mutual Funds only, in accordance with the SEBI Regulations. Further 5% of the QIB Portion (excluding the Anchor investor Portion) was avaiable for allocation on a proportionals basis to Mutual Funds only, and the remainder of the QiB Portion was available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds. Further, not less than 15% of� the Offer was made available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Offer was made available for allocation to Retail Individual Bidders in accordance with the SEBI Regulations, All potential investors, other than Anchor Investors, were required to mandatorily utilise the Application Supported by Blocked Amount ("ASBA") process providing details of their respective bank account which were blocked by the Self Certified Syndicate Banks ("SCSBs"). to participate in this Offer.

The Offer received 1,054,491 applications for 146,274, 160 Equiiy Shares (prior to technical rejections) resulting in 8.3585 times subscription. The details of the applications received in me Offer from various categories are as under, (before technical rejections):

	Category	No. of Applications	No. of Equity Shares applied	Reserved	No. of times Subscribed
A.	Retail Individual Bidders	1,052,374	43,639,240	6,125,000	7.1248
B.	Non Institutional Investors	2,007	27,789,000	2,625,000	10.5863
C	Qualified Institutional Buyers	88	69,000,560	3,500,000	19.7144
D.	Anchor Investors	22	5,845,360	5,250,000	1.1134
	TOTAL	1,054,491	146,274,160	17,500,000	8.3585

FinalDemand
A summary of the final demand at different Bid prices is as under;

Sr. No	Bid Price	No. of Equity Shares	% to Total	Cumulative Total Cumulative	% of Total
1.	705	435,560	0.30	435,560	0.30
2.	706	210,580	0.15	646,140	0.45
3.	707	76,020	0.05	722,160	0.50
4.	708	196,420	0.14	918,580	0.64
5.	709	60,300	0.04	978,880	0.68
6.	710	103,676.900	72.03	104,655,780	72.71
7.	9999	39,279,720	27.29	143,935,500	100.00
	TOTAL	143,935,500	100.00

The Basis of Allotment was finalised in consultation with theDesignated Stock Exchange, being the NSE on July 19,2016.

A. Allotment to Retail Individual Bidders (after technical rejections) (Including ASBA Applications)
The Basis of Allotment to the Retail Individual Bidders, who have bid at the Cut-off Price or at the offer price of Rs 710 per Equity Share, was finalized in consultation with the NSE. This category has been subscribed to the extent of 6.9170 times. The total number of Equity Shares Allotted in Retail Portion is 6,125,000 Equity Shares to 306,250 successful Retail Individual Bidder. The category-wise details of the Basis of Allobmen! are as under:

Category	No. of Applications Received	% of Total	Total No. of Equity Shares Applied	% to Total	No. of Equity Shares Allotted per Applicant	Ratio	Total No. of Equity Shares Allotted
20	808,300	78.44	16,166,000	38.16	20	118:395	4,829,360
40	64,440	6.29	2,577,600	6.08	20	23:77	384,960
60	31,473	3.07	1,888,380	4.46	20	23:77	188,020
80	13,758	1.34	1,100,640	2.60	20	23:77	82,200
100	26,981	2.63	2,698,100	6.37	20	23:77	161,180
120	6,141	0.60	736,920	1.74	20	23:77	36,680
140	13,736	1.34	1,923,040	4.54	20	23:77	82,060
160	4,107	0.40	657,120	1.55	20	23:77	24,540
180	1,963	0.19	353,340	0 83	20	23:77	11,720
200	8,916	0.87	1,783,200	4.21	20	23:77	53,260
220	1,809	0.18	397,980	0.94	20	23:77	10,800
240	1,726	0.17	414,240	0.98	20	23:77	10,320
260	2,098	0.20	545,480	1.29	20	23:77	12,540
28	39,791	3.88	11,124,680	26.26	20	23:77	237360
	1,025,179	100	42,366,720	100			6,125,000

B. Allotment to Non Institutional Investors
The Basis of Allotment to the Non-institutional Bidders, who have bid at the Offer Pnce of Rs 710 per Equiiy Share or above, was finlised in consultation with the BSE. The Non-institutional Portion has been subscribed to the extent of� 10.5403 times. The total number of Equity Shanes Allotted in this category is 2,625,000 Equity Shares to 1,907 successful Non- Institutional Bidder. The category-wise details of the Basis of Allotment are as under: (SAMPLE)

Category	No. of Applications received	% of Total	Total No. of Equity Shares Applied	% to Tolal	No. of Equity Shares Allotted per Applicant	Ratio	Total No. of Equity Shares Allotted
280	5	0 26	1,400	0.01	27	1:1	135
300	333	17.46	99,900	0.36	28	1:1	9,324
					1	4:7	189
320	38	1.99	12,160	0.04	30	1:1	1,140
340	29	1.52	9,860	0.04	32	1:1	928
360	30	1.57	10,800	0 :02	34	1:1	1,020
380	13	0.68	4,940	0.02	36	1 1	468
400	65	3.41	26,000	0.09	38	1:1	2,470
420	29	1.52	12,180	0.04	40	1:1	1,160
440	16	0.84	7,040	0.03	42	1:1	672
460	10	0.52	4,600	0.02	44	1:1	440
480	15	0.79	7,200	0.03	46	1:1	690
500	117	6.14	58,500	0.21	47	1:1	5,499
520	11	0.58	5,720	0.02	49	1:1	539
540	9	0.47	4,860	0.02	51	1-1	459

C. Allotment to Qualified Institutional Buyers
Allotment toQIBs, who have Bid at the Offer Price of Rs. 710 per Equity Share or above, has been done on a proportionate basis in consultation with the NSE. This category has been subscribed to the extent of 19,6516 times of QIB portion. As per the SEBI Regulations, Mutual Funds were Allotted 5% of the Equity Shares of QIB Portion available i e 175,000 Equity Shares and other QIBs and unsatisfied demand of Mutual Funds were Alotted the remaining available Equity Shares i.e. 3,325,000 Equity Shares on a proportionate basis. The total number of Equity Shares Allotted in the QIB Portion is 3,500,000 Equity Shares, which were alotted to 85 successful QIB Bidders. The category-wise details of the Basis of Allotment are as under

Category	FIs/Banks	MFs	ICs	VCs	AIF	FII/FPC	Others	Total
Allotment	1,446,683	597,208	180,968	-	50,876	1,224,265	-	3,500,000

D. Allotment To Anchor Investors
The Company and the Selling Shareholder, in consultation with the BRLMs, have allocated 5,250,000 Equity Shares to 20 Anchor Investors (through 22 Applications) at the Anchor Investor Offer Pnce of Rs 710 per Equity Share in accordance with the SEBI Regulations.

Category	FIs/Banks	MFs	ICs	VCs	AIF	FII/FPC	Others	Total
Allotment	70,440	1,197,240	1,056,460	-	-	2,925,860	-	5,250,000

The IPO Committee our Company on July 19,2016 has taken on record the Basis of Allotment of Equity Shares approved by the Designated Stock Exchange, being NSE and has allotted the Equity Shares to various successful Bidders. The Allotment Advice-cum-intimations and/or notices will be dispatched to the address of the investors as registered with the depositaries. Further, the instructions to the Self Certified Syndicate Banks for unblocking of funds, transfer to Public Offer Account have been issued on July 19, 2016 and payment to non-Syndicate brokers have been issued on July 20, 2016 In case the same is not received within ten days, investors may contact the Registrar to the Offer at the address given below. The Equity Shares Allotted to the successfut Allottees have beenhave been uploaded on July 19, 2016 for credit in to the respective beneficiary accounts subject to validation of the account details with the depositories concerned, The Company has filed the Listing application with NSE and BSE on July 20, 2016. The Company has received listing and trading approval from NSE and BSE and the trading will commence on or about July 21,2016.

All capitalised terms used and not specifically defined herein shall have the same meaning as ascribed to them in the Prospectus.

INVESTORS PLEASE NOTE

The details of the allotment� made will be hosted on the website of the Regislrar to the offer, Link Intime India Private Limited at www.linkintime.co.in

All future correspondence in this regard may kindly be addressed to the Registrar to the Offer quoting full name of the first/sole Bidder, Bid cum Application Form number, Bidder DP ID, Client ID, PAN, date of submission of Bid cum Application form, address of the Bidder, number of Equity Shares applied for. the name and address of the Designated Intermediary where the Bid cum Application Form was submitted by the Bidder and a copy of the Acknowledgment Slip received from the Designated Intermediary at the address given below:

Linkintime india Private Limited
C-13, pannalal silk Mills Compound, LB.S. Merg, Bhandup (West), Mumbai 400078
Tel: (91 22) 6171 5400 Fax: (91 22} 2596 0329
Email: lntinfotech.ipo@linkintime.co.in . Website: www.linkintime.co.in
Investor grievance e-mail: intinfotech.ipo@linkintime.co.in
Contact person: Shanti Gopalkrishnan
SEBI Registration number INR000004058

Place: Mumbai Date: July 20, 2016	For LARSEN & TOUBRO INFOTECH LIMITED On behalf of the Board of Directors Sd/- Company Secretary and Compliance Officer

L&T Infotech IPO Basis of Allotment FAQs

Check the basis of allotment document above to know about how the shares are allocated in L&T Infotech IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).

The L&T Infotech IPO basis of allotment (published above) tells you how shares are allocated to you in L&T Infotech IPO and category wise demand of IPO share.

Visit the L&T Infotech IPO allotment status page to check the number of shares allocated to your application.

L&T Infotech IPO Basis of Allotment

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