The L&T Infotech IPO is a book-built offering for Rs 1,236.00 crore. The offering consists of a new issuance of 0 crore shares and an offer for sale of 1.75 crore shares. Bidding for the L&T Infotech IPO began on July 11, 2016 and finished on July 13, 2016. On July 21, 2016, the shares were listed on the BSE and NSE. The pricing range for L&T Infotech’s IPO is $705 to $710 per share. An application requires a minimum lot size of 20 shares. Retail investors must make a minimum investment of $14,200.
Larsen & Toubro Infotech, a subsidiary of Larsen & Toubro Ltd., was founded in 1996 and is situated in Mumbai, India. L&T Infotech is the sixth-largest IT business in India by export revenue and one of the top 20 IT service providers in the world. L&T Infotech provides a wide range of IT services in a variety of industries around the world. L&T Infotech provides services such as application development, maintenance, and outsourcing; enterprise solutions; infrastructure management; testing; digital solutions; and platform-based solutions. Larsen & Toubro
Limited, a significant Indian conglomerate in engineering, construction, manufacturing, finance, and technology, promotes L&T Infotech. For the fiscal year 2015, L&T Infotech’s revenue from North America, Europe, Asia Pacific, and the rest of the globe was 68.6%, 17.9%, 2.4%, and 6.9%, respectively.
L&T Infotech IPO Details
| IPO Date | July 11, 2016 to July 13, 2016 |
| Listing Date | July 21, 2016 |
| Face Value | ₹1 per share |
| Price Band | ₹705 to ₹710 per share |
| Lot Size | 20 Shares |
| Total Issue Size | 17,500,000 shares (aggregating up to ₹1,236.00 Cr) |
| Fresh Issue | 0 shares (aggregating up to ₹[.] Cr) |
| Offer for Sale | 17,500,000 shares of ₹1 (aggregating up to ₹[.] Cr) |
| Retail Discount | Rs 10 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
L&T Infotech IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹14,200 |
| Retail (Max) | 14 | 280 | ₹198,800 |
L&T Infotech IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | – | NA |
| QIB Shares Offered | 3,500,000 (28.57%) | NA |
| NII (HNI) Shares Offered | 2,625,000 (21.43%) | |
| Retail Shares Offered | 6,125,000 (50.00%) | 306,250 |
| Total Shares Offered | 12,250,000 (100%) |
L&T Infotech Company Financials
| Particulars | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 |
|---|---|---|---|---|---|
| Total Assets | 32,380.30 | 29,068.71 | 25,058.09 | 21,893.69 | 19,814.75 |
| Total Revenue | 59,081.26 | 48,331.83 | 45,628.48 | 36,301.56 | 29,685.54 |
| Profit After Tax (PAT) | 9,381.31 | 7,735.97 | 9,032.57 | 5,599.83 | 4,059.27 |
Objects of the Issue (L&T Infotech IPO Objectives)
The objects of the offer are to:
- achieve the benefits of listing the Equity Shares on the Stock Exchanges; and
- carry out the sale of up to 17,500,000 equity Shares by the Selling Shareholder.
L&T Infotech Ltd Contact Details
L&T Infotech Ltd
L&T House,
Ballard Estate,
Mumbai 400 001
Phone: +(91 22) 6752 5656
Email: [email protected]
Website: http://www.lntinfotech.com
L&T Infotech IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in
L&T Infotech IPO FAQs
Q1. What is L&T Infotech IPO?
Ans. L&T Infotech IPO is a main-board IPO of 17,500,000 equity shares of the face value of ₹1 aggregating up to ₹1,236.00 Crores. The issue is priced at ₹705 to ₹710 per share. The minimum order quantity is 20 Shares. The IPO opens on July 11, 2016, and closes on July 13, 2016.
Q2. When L&T Infotech IPO will open?
Ans. The L&T Infotech IPO opens on July 11, 2016 and closes on July 13, 2016.
Q3. What is the lot size of L&T Infotech IPO?
Ans. L&T Infotech IPO lot size is 20 Shares, and the minimum amount required is ₹14,200.
Q4. When is L&T Infotech IPO listing date?
Ans. The L&T Infotech IPO listing date is on July 21, 2016.
