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L&T Technology IPO Subscription Details (Live Status)

L&T Technology IPO Details

IPO Open Sep 12, 2016
IPO Close Sep 15, 2016
IPO Price ₹860
Face Value ₹2
IPO Size ₹894.40 Cr
Listing At BSE, NSE
Lot Size 16
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L&T Technology IPO Subscription Status Live

L&T Technology IPO subscribed 2.52 times. The public issue subscribed 1.74 times in the retail category, 5.01 times in QIB, and 1.03 times in the NII category by Sep 15, 2016.

Investor CategorySubscription (times)
Qualified Institutions5.01
Non-Institutional Buyers1.03
Retail Investors1.74
Employees[.]
Others[.]
Total2.52

L&T Technology IPO Subscription Details (times)

DateQIBNIIRetailTotal
Day 1
Sep 12, 2016
0.280.020.190.18
Day 2
Sep 14, 2016
1.100.030.770.71
Day 3
Sep 15, 2016
5.011.031.742.52

L&T Technology IPO Shares Offered

L&T Technology IPO is a public issue of 7,280,000 equity shares. The issue offers 3,640,000 shares to retail investors, 2,080,000 shares to qualified institutional buyers, and 1,560,000 shares to non-institutional investors.

CategoryShares OfferedAmount (Rs Cr) Size (%)
QIB2,080,000178.8828.57%
NII1,560,000134.1621.43%
Retail3,640,000313.0450.00%
Total7,280,000626.08100%

IPO Investor Categories

  • Qualified Institutional Buyers (QIB)

    Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.

  • Non-Institutional Investors(NII)

    Individual investors, NRIs, companies, trusts, etc who bid for more than Rs 2 lakhs are known as Non-institutional bidders or NII. They need not register with SEBI like QIIs. On 1st May 2022, SEBI introduced a new sub-category as Small NII for applications between Rs 2 lakhs to Rs 10 lakhs.

  • Retail Individual Investors(RII)

    The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.

  • Employee (EMP)

    A category of eligible employees who have a reserved quota in the IPO.

  • Others

    A category of eligible shareholders or other investors who have a reserved quota in the IPO.

Disclaimer: The subscription data is taken from the NSE and BSE websites. They are subject to change on a real-time basis. The subscription data provided are for information purposes only and provided by Chittorgarh.com on an 'AS IS' and 'AS AVAILABLE' basis and without warranty, express or implied. Our website does not guarantee or warrant the accuracy, adequacy, or completeness of the information received through the said websites. Chittorgarh.com holds no responsibility of any kind as regards any discrepancies, errors, omissions, losses, or damages. Chittorgarh.com including its affiliates and any of its directors, and employees, shall not be liable for any loss, or damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of data received. The recipient alone shall be fully responsible / are liable for any decision taken based on such information/data. All recipients should before acting upon the said information make their investigation, and seek appropriate professional advice.

L&T Technology IPO Subscription FAQs

The L&T Technology IPO is subscribed 2.52 by Sep 15, 2016.

L&T Technology IPO Subscription

Investor CategorySubscription (times)
Qualified Institutional5.01
Non Institutional1.03
Retail Individual1.74
Employee Reservations[.]
Others[.]
Total Subscription2.52

Retail category of L&T Technology IPO subscribed 1.74 times as of date Sep 15, 2016. The public issue closes on Sep 15, 2016 for bidding.

An investor can apply in L&T Technology IPO online via bank (using ASBA) or the broker (using UPI). The L&T Technology IPO shares are offered online only.

The L&T Technology IPO is subscribed 2.52 by Sep 15, 2016.

The L&T Technology IPO allotment status is expected on or around Sep 20, 2016. Visit L&T Technology IPO allotment status to check.

The L&T Technology IPO listing date is Friday, September 23, 2016. The equity share of L&T Technology Services Ltd will list on BSE, NSE.

Visit L&T Technology IPO subscription status page for real-time bidding information about L&T Technology IPO.

L&T Technology IPO Timetable

IPO Opens OnSep 12, 2016
IPO Closes OnSep 15, 2016
Finalisation of Basis of AllotmentSep 20, 2016
Initiation of RefundsSep 21, 2016
Credit of Shares to Demat AccountSep 22, 2016
IPO Listing DateSep 23, 2016