L&T Infotech IPO
Established in 1996, L&T Infotech offers an extensive range of IT services to its clients in diverse industries such as banking and financial services, insurance, energy and process, consumer packaged goods, retail and pharmaceuticals, media and entertainment, hitech and consumer electronics and automotive and aerospace. In 2014, NASSCOM ranked it the sixth largest Indian IT services company in terms of export revenues. Its clients comprise some of the world’s largest and well-known organisations, including 41 of the Fortune Global 500 companies.
[adinserter block=”3″]Headquartered in Mumbai, L&T Infotech leverages the strengths and heritage of its promoter, Larsen & Toubro Limited, a leading Indian conglomerate in engineering, construction, manufacturing, finance and technology. Besides India, L&T Infotech provides services globally and the percentage of its revenue from continuing operations from North America, Europe, Asia Pacific and the rest of the world amounted to 68.6%, 17.9%, 2.4% and 6.9%, respectively. As of June 30, 2015, it had 22 Delivery Centres and 42 sales offices globally.
L&T Infotech Promoter – Larsen & Toubro Limited
Kaisi baat karte ho Badri bhai. It is 10/-, clearly mentioned in the prospectus. How can it be 10%, company to kangaal ho jayegi?
http://www.investmentbank.kotak.com/downloads/larsen-&-toubro-infotech-limited-RHP.pdf
I am told 2015 EPS was around 47. If this is correct ( I have not gone through RHP)Issue is priced at about 14.9 times. If we take industry average at 16 times the price comes to 752. If the market tanks, then RII may actually face a capital loss. Risk averse investor should not apply to this IPO even for listing gains.
Ankit, GMP for L&T Infotech in jaipur is more than 95, actively traded. Please check your source.
I am concern of the Trade Recivables from 2014 to 2016 of the ” Other Debts – Others” category.
2014 – 838 Crores
2015 – 997 Crores
2016 – 1057 Crores
It is been increasing every year with tag of ” considered good”. Why company is not able to collect those on time.
Good question. growing receivables simply mean their recovery isn’t as good as it should be. But this sort of thing happens more times than we can imagine if the business is growing. No big deal for a company that generates more than 6k crore.
I’m more and more convinced now that a better strategy is to buy related stocks. Look at L&T. Before the Infotech IPO, it has run up nicely. Same for MGL IPO, buying IGL or Gujarat Gas was one way to benefit from the IPO.
Any news on Gray market price for L&T infotech
latest gmp l& t info
Thanks bullishbear
I just got a message that the hold for 14k in my SBBJ account is removed. It looks allocation details are out to banks.
WTF, i have applied for 200 units & got nothing.
I applied for single shot of 20 and got the 20 shares. After nearly 7 times of retail subscription, even I am wondering, how has it happened. Actually it came to me as a shock when I got the SMS.
The rules for allocation has changed. They don’t allot on the basis of qty. subscribed, but on the basis of 1 lot per valid application. Once all the subscribers are allotted 1 lot, then the remaining are allotted on the basis of qty applied.
haha Samardeep. i myself got zilch. But i think one should wait before regretting lack of allotment. Who knows! L&T could flop…you will be so happy if the expected pop does not happen 😉
highly unlikely that l&t will open below 650 or are you a troll