L&T Technology IPO Subscription Details (Live Status)

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

L&T Technology IPO (Day-wise) Subscription Details (times)

Day 1
Sep 12, 2016
Day 2
Sep 14, 2016
Day 3
Sep 15, 2016

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 (%)

* Anchor Investor portion is not included.

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)

    Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.

    NII category has two subcategories:

    1. sNII (bids below Rs 10L)

      The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).

    2. bNII (bids above Rs 10L)

      The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).

  • 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.

What is the difference between RII, NII, QIB and Anchor Investor?

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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[.]
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