Bookbuilding IPO | ₹1,236 Cr | Listed at BSE, NSE | Mon, Jul 11, 2016 - Wed, Jul 13, 2016
L&T Infotech IPO is a book build issue of ₹1,236.38 crores. The issue is entirely an offer for sale of 1.75 crore shares of ₹1,236.38 crore.
L&T Infotech IPO bidding started from Jul 11, 2016 and ended on Jul 13, 2016. The shares got listed on BSE, NSE on Jul 21, 2016.
L&T Infotech IPO price band is set at ₹710 per share. The lot size for an application is 20. The minimum amount of investment required by an retail is ₹14,200 (20 shares) (based on upper price). The lot size investment for sNII is 15 lots (300 shares), amounting to ₹2,13,000, and for bNII, it is 71 lots (1,420 shares), amounting to ₹10,08,200.
Citigroup Global Markets India Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to L&T Infotech IPO RHP for detailed Information.
IPO Open
Mon, Jul 11, 2016
IPO Close
Wed, Jul 13, 2016
Issue Price
₹710 per share
Market Cap (Pre-IPO)
₹12,058.89 Cr
| IPO Date | 11 to 13 Jul, 2016 |
| Listed on | Thu, Jul 21, 2016 |
| Face Value | ₹1 per share |
| Price Band | ₹705 to ₹710 |
| Issue Price | ₹710 per share |
| Lot Size | 20 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Retail Discount | Rs 10.00 per share |
| Total Issue Size | 1,75,00,000 shares (agg. up to ₹1,236 Cr) |
| Offer for Sale | 1,75,00,000 shares of ₹1 (agg. up to ₹1,236 Cr) |
| Share Holding Pre Issue | 16,98,43,538 shares |
| Share Holding Post Issue | 16,98,43,538 shares |
| BSE Script Code / NSE Symbol | 540005 / LTIM |
| ISIN | INE214T01019 |
L&T Infotech IPO comprises a total issue size of 1,75,00,000 shares. Out of which, 87,50,000 (50.00%) are allocated to QIB, 26,25,000 (15.00%) allocated to NII 61,25,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 87,50,000 | 50.00% | NA |
| − Anchor Investor Shares Offered | 52,50,000 | 30.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 35,00,000 | 20.00% | NA |
| NII (HNI) Shares Offered | 26,25,000 | 15.00% | NA |
| Retail Shares Offered | 61,25,000 | 35.00% | 3,06,250 |
| Total Shares Offered | 1,75,00,000 | 100.00% |
Investors can bid for a minimum of 20 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹14,200 |
| Retail (Max) | 14 | 280 | ₹1,98,800 |
| S-HNI (Min) | 15 | 300 | ₹2,13,000 |
| S-HNI (Max) | 70 | 1,400 | ₹9,94,000 |
| B-HNI (Min) | 71 | 1,420 | ₹10,08,200 |
Incorporated in 1996, Larsen & Toubro Infotech, a subsidiary of Larsen & Toubro Ltd is Mumbai, India based IT Solutions & Services Company. Information in this paragraph is copied from chittorgarh.com. L&T Infotech is ranked 6th largest IT company in India in terms of export revenues and among top 20 IT service provider in the world.
L&T Infotech offers an extensive range of IT services in diverse industries around the world. The services offered by L&T Infotech includes application development, maintenance and outsourcing, enterprise solutions, infrastructure management services, testing, digital solutions and platform-based solutions.
L&T Infotech is promoted by Larsen & Toubro Limited, a leading Indian conglomerate in engineering, construction, manufacturing, finance and technology. Content in this paragraph is copied from chittorgarh.com. For L&T Infotech, the percentage of its revenue from North America, Europe, Asia Pacific and the rest of the world amounted to 68.6%, 17.9%, 2.4% and 6.9%, for Financial Year 2015.
Competitive strengths of the company are as following:
1. Strong domain focus enabling Business-to-IT Connect
2. Strong parentage and brand equity of our Promoter
3. Established long-term relationships with our clients
4. Extensive portfolio of IT services and solutions
5. Focus on emerging technologies
6. Track record of established processes and executing large, end-to-end, mission critical projects
7. Strong management culture
8. Conducive work environment to attract and retain talent
| Period Ended |
|---|
| Amount in ₹ Crore |
| KPI | |
|---|---|
| RoNW | 49.52% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | |
| Market Cap | ₹12,058.89 Cr. |
The L&T Infotech IPO is subscribed 11.69 times on July 13, 2016 6:30:00 PM (Day 3). The public issue subscribed 7.39 times in the retail category, 19.91 times in the QIB category, and 10.76 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 19.91 | 35,00,000 | |
| NII | 10.76 | 26,25,000 | |
| Retail | 7.39 | 61,25,000 | |
| Total | 11.69 | 1,22,50,000 |
L&T Infotech Ltd offers discount of Rs 10 to all eligible Retail Individual Bidders.
| Name of company | Face Value (Rs per share) | EPS (Rs per share) Basic | EPS (Rs per share) Diluted | NAV (Rs per Share) | P/E | RoNW |
|---|---|---|---|---|---|---|
| Tata Consultancy Services Limited | 1 | 123.28 | 123.28 | 331.7 | 20.4 | 41.9% |
| Infosys Limited | 5 | 59.85 | 59.84 | 253.0 | 20.4 | 25.2% |
| Wipro Limited | 2 | 36.20 | 36.12 | 188.6 | 15.6 | 20.3% |
| HCL Technologies Limited | 2 | 52.30 | 52.10 | 198.7 | 15.6 | 28.6% |
| Tech Mahindra Limited | 5 | 32.34 | 31.67 | 148.4 | 14.7 | 23.4% |
| Hexaware Technologies Limited | 2 | 13.05 | 12.94 | 47.5 | 18.6 | 28.9% |
| Mindtree Limited | 10 | 35.99 | 35.89 | 142.8 | 18.1 | 27.4% |
| Larsen & Toubro Infotech Limited | ||||||
| March 31, 2016 | 1 | 56.26 | 56.13 | 119.11 | 12.6x | 45.55% |
| March 31, 2015 | 1 | 47.21 | 45.17 | 41.87% | ||
| March 31, 2014 | 1 | 42.70 | 40.86 | 46.70% | ||
Note:
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to BRLMs | 12.07 |
| 2 | Processing fees for SCSBs and non Syndicate Members | 2.16 |
| 3 | Selling commission for the Syndicate Member, Registered Brokers, RTAs and CDPs | 2.15 |
| 4 | Fees payable to Registrar to the Offer | 0.87 |
| 5 | Printing and stationary expenses | 1.45 |
| 6 | Advertising and marketing expenses | 6.00 |
| 7 | Others (Listing fees; SEBI, BSE and NSE processing fees; Fees payable to Legal Counsels; and Miscellaneous.) | 9.67 |
BSE Notice No. 20160708-35 | Notice Date 08 Jul 2016
Under Anchor Investors (AIs) portion in the Public Issue of Larsen & Toubro Infotech Limited, 52,50,000 equity shares have been subscribed today by 22 AIs at Rs. 710/- per equity share.
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹710.00 | ₹710.00 |
| Open | ₹666.60 | ₹667.00 |
| Low | ₹666.60 | ₹666.00 |
| High | ₹710.00 | ₹710.00 |
| Last Trade | ₹697.65 | ₹697.60 |
L&T Infotech IPO is a main-board IPO of 1,75,00,000 equity shares of the face value of ₹1 aggregating up to ₹1,236 Crores. The issue is priced at ₹710 per share. The minimum order quantity is 20.
The IPO opens on Mon, Jul 11, 2016, and closes on Wed, Jul 13, 2016.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in L&T Infotech IPO using UPI as a payment gateway. Zerodha customers can apply in L&T Infotech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in L&T Infotech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The L&T Infotech IPO opens on Mon, Jul 11, 2016 and closes on Wed, Jul 13, 2016.
L&T Infotech IPO lot size is 20, and the minimum amount required for application is ₹14,200.
You can apply in L&T Infotech IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for L&T Infotech IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the L&T Infotech IPO allotment status.
The L&T Infotech IPO listing date is on Thu, Jul 21, 2016.
