L&T Technology Services IPO

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L&T LogoL&T Technology IPO

L&T Technology Services is a fully owned subsidiary of engineering major Larsen & Toubro (L&T) and offers engineering research and development services. Established in 2012, L&T Technology Services provides its services to clients in manufacturing, technology and process engineering industries. Most of these clients are based in North America and Europe. L&T Technology Services generated around 80.2% of its revenues in FY2016 from customers in these two regions.
L&T Technology primarily operates in five industry verticals – Transportation (29.9% of revenues in FY2016), Industrial products (25.2%), Telecom and Hi-tech (19.8%), Process industry (18.7%) and Medical devices (6.3%).
According to the red herring prospectus (RHP), L&T Tech employed a total of 9,419 employees as of 30 June 2016, including more than 2,000 employees outside India. The company operates through 12 global delivery centres in India and overseas, 26 sales offices in India, North America, Europe, the Middle East and Asia and 31 labs in India.  

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Subscription Dates 12-15 September 2016
Price Band INR850-860 per share
Offer For Sale 10,400,000 shares (INR894.4 crore at upper price)
Total IPO size 10,400,000 shares (INR894.4 crore at upper price)
Minimum bid (lot size) 16 shares
Face Value  INR2 per share
Retail Allocation 35%
Listing On BSE, NSE

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Fresh issue size Nil

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Name of shareholder Equity Shares Percentage (%)
Larsen & Toubro (L&T)  101,690,392 100.0

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L&T Technology’s consolidated financial performance (in INR crore)

  FY2012 FY2013 FY2014 FY2015 FY2016
Total revenue NA NA NA 2,643.8 3,142.7
Operating profit NA NA NA 423.9 596.6
Profit after tax NA NA NA 310.9 416.6

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L&T Tech IPO Subscription Details

Category Shares offered Subscription (No. of times, at 5 PM) 
Day 1 Day 2 Day 3
QIB 2,080,000  0.27  1.10 5.01
NII  1,560,000 0.01 0.03 1.02
Retail  3,640,000 0.19 0.77  1.69
Total 7,280,000 0.17 0.71  2.49

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L&T Technology IPO Allotment Status

L&T Tech IPO allotment status is now available on Karvy Computershare’s website. Click on this link to get allotment status.

[/vc_column_text][vc_row_inner][vc_column_inner width=”1/2″][td_block_9 custom_title=”Articles about L&T Technology” header_color=”#96d668″ tag_slug=”L&T Technology Services”][vc_separator][td_block_text_with_title custom_title=”L&T Technology Contact Details”]L&T Technology Services Ltd
5th Floor, West Block-II, L&T Knowledge City,
N.H. No. 8, Ajwa Waghodia Crossing
Vadodara 390 019 

Phone: +91 265 670 5000
Fax: +91 265 265 5955
Email: investor@lnttechservices.com
Website: www.lnttechservices.com

[/td_block_text_with_title][/vc_column_inner][vc_column_inner width=”1/2″][td_block_text_with_title custom_title=”What we are reading”]Economic Times: L&T tech services bets big on IOT & digital engineering solutions

Deccan Herald: L&T Tech Services brings disruptive technology to measure CO2

[/td_block_text_with_title][td_block_ad_box spot_id=”custom_ad_1″][vc_separator][td_block_text_with_title custom_title=”Registrar of L&T Technology IPO “]Karvy Computershare Private Limited
Karvy House, 46, Avenue 4, Street No. 1,
Banjara Hills, Hyderabad – 500 034
Andhra Pradesh, India

Phone: +91 40 23312454
Fax: +91 40 23311968
Email: einward.ris@karvy.com
Website: http://karisma.karvy.com

[/td_block_text_with_title][/vc_column_inner][/vc_row_inner][td_block_ad_box spot_id=”custom_ad_5″][vc_separator color=”vista_blue”][td_block_text_with_title custom_title=”Listing Performance of L&T Technology Services IPO”]IPO Opening Date: 12 September 2016

IPO Closing Date: 15 September 2016

Finalisation of Basis of Allotment: 20 September 2016

Initiation of refunds: 21 September 2016

Transfer of shares to demat accounts: 22 September 2016

Listing Date: 23 September 2016

Listing Price on NSE: INR920 per share (return of 6.97% over IPO price)

Closing Price on NSE: INR860.55 per share (no return over IPO Price)[/td_block_text_with_title][/vc_column][vc_column width=”1/3″][vc_widget_sidebar sidebar_id=”td-default”][/vc_column][/vc_row]

L&T Technology Services IPO
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32 thoughts on “L&T Technology Services IPO

  • September 23, 2016 at 4:34 PM
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    L&T Technology Services closing prize is 860.00 as per nse 860.55

    Reply
    • September 23, 2016 at 4:33 PM
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      Nobody can hurt me without my permission.EDAKULAPALLY RAJU

      Reply
  • September 23, 2016 at 10:30 AM
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    Like I said, it is a flop IPO. price coming down, sell and get out

    Reply
    • September 23, 2016 at 3:24 PM
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      yes boss flop ipo what i say 1.50 it’s will be godown

      Reply
  • September 22, 2016 at 3:00 PM
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    when you updated listing price.

    Reply
    • September 22, 2016 at 3:30 PM
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      Raju, stop posting garbage comments here. You always have the option to shut up when you don’t have anything meaningful to say.

      Reply
      • September 23, 2016 at 3:25 PM
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        why me stop boss i say fact.

        Reply
      • September 24, 2016 at 4:00 PM
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        Leave it dear, we need some entertainment on this forum…hahaha…

        Reply
  • September 22, 2016 at 1:41 PM
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    listing price is 1.50

    Reply
  • September 22, 2016 at 9:54 AM
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    Listing Price on NSE: To be updated soon WHEN U UPDATE

    Reply
  • September 20, 2016 at 5:39 PM
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    When is the allocation out? Any update?

    Reply
  • September 20, 2016 at 2:25 PM
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    Not worth on this price

    Reply
    • September 21, 2016 at 1:25 PM
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      740 IS LISTING PRIZE.

      Reply
  • September 19, 2016 at 10:13 AM
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    jordar retarn apase agal no badalo api de se l&t

    Reply
  • September 15, 2016 at 8:38 AM
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    Yes, kostak for L&T is around 250. gmp 22-25

    Reply
  • September 14, 2016 at 11:00 AM
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    and now ICICI direct says better to avoid this IPO…

    Reply
    • September 14, 2016 at 11:09 AM
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      Like I said on another page, all these ipos should be avoided. There is no way you can make money in this market now.

      Reply
  • September 13, 2016 at 6:04 PM
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    I checked with my broker, L&T Infotech Ipo GMP is around 70 which is not bad for short term results. But it is the infotech ipo which is worrying me. I’m thinking of selling the application

    Reply
    • September 13, 2016 at 7:24 PM
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      Its better to buy after listing if its going to list on GDP – Great Discount Price

      Reply
    • September 14, 2016 at 8:28 AM
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      I guess you mean L&T Technology and not L&T Infotech. If this is the case, stop misleading. GMP is not more than 30, chek with the intention of selling the application and your broker will back off.

      Reply
  • September 13, 2016 at 1:23 PM
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    Guys, apply in full confidence. Apprehensions about US are overblown and none of the analysts are mentioning that L&T Tech pays regular dividend.

    Reply
  • September 8, 2016 at 6:56 AM
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    what is the gmp in lnt technologu ipo

    Reply
    • September 11, 2016 at 10:07 PM
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      L&T Tech GMP is around 30-40 but the trend is down

      Reply
  • September 6, 2016 at 11:04 AM
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    SIR,

    THE CMP OF PREVIOUS ISSUE IS RS. 643.00 AGAINST THE IPO PRICE RS. 710. THE PRICES OF THE GIANT IT CO. LIKE INFY, TCS, WIPRO, TECHM, HCL TECH ETC. ARE DIMINISHING DAY BY DAY. MOREOVER LOT OF RISKS & UNCERTAINTIES ARE INVOLVED IN TECHNOLOGY STOCKS LIKE NOV. ELECTION IN USA, OUTSOURCING, DEPRECIATION IN DOLLAR, BREXIT,

    THE INVESTORS ARE PUTTING THEIR HARD EARNED IN STOCK MKT.

    SO IN MY OPINION IT IS OVER PRICED ALTHOUGH LT IS ONE OF THE PIONEER IN IT SECTOR.

    Reply
  • September 3, 2016 at 5:05 PM
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    phir aa gaye lootne ke liye, lnt infotech se man nahin bhara??

    Reply
  • September 2, 2016 at 2:06 PM
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    Hi

    Super expensive at 850/- Does it make sense to invest in this IPO…Please suggest…
    What is the status in grey market for this IPO…..

    Reply
    • September 21, 2016 at 1:20 PM
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      satta company l&t infotech

      Reply

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