L&T Technology IPO Subscription Details

Bookbuilding IPO | ₹894 Cr | Listed at BSE, NSE | Mon, Sep 12, 2016 - Thu, Sep 15, 2016

Basis of Allotment - L&T Technology IPO

Category QIB NII Retail Total
Ex. Anchor Anchor Investor Total QIB
Allocation (No. of shares)20,80,00031,20,00052,00,00015,60,00036,40,0001,04,00,000
Allotment price (Rs.)860860860860860860
No.of applications5529841392,90,6482,90,871
No.of shares applied1,04,25,21633,88,3041,38,13,5207,04,75259,43,0882,04,61,360
Amount collected (Rs.cr.)896.57 291.39 1,187.96 60.61 511.11 1,759.68
No.of times subscribed5.011.092.660.451.631.97
No.of shares allotted25,83,08831,20,00057,03,0887,04,75239,92,1601,04,00,000
Amount (Rs.cr.)222.15 268.32 490.47 60.61 343.33 894.40
No.of allottees5129801392,49,5102,49,729

IPO Shares Offered

L&T Technology IPO is a public issue of 1.04 Cr equity shares. The issue offers 0.36 Cr shares to retail investors, 0.52 Cr shares to qualified institutional buyers, and 0.16 Cr shares to non-institutional investors.

CategoryShares OfferedAmt (₹ Cr.)Size (%)
QIB 52,00,000447.20 50.00%
    Anchor 31,20,000 268.32 30.00%
    QIB (Ex Anchor) 20,80,000 178.88 20.00%
NII 15,60,000134.16 15.00%
Retail36,40,000313.04 35.00%
Total1,04,00,000894.40 100%

L&T Technology IPO Anchor Investor Allocation

A total of 31,20,000 shares at a price of Rs 860 per share will be allotted to the anchor investors.

Anchor investors bid opening dateSep 09, 2016
Anchor investor price₹860.00
Anchor investors as % of QIBs60.00%
No. of shares locked-in for 30 days15,60,000
No. of shares locked-in for 90 days15,60,000
S.No.Anchor InvestorGroup EntityNo. of Shares AllottedAmount (Rs.cr.)% Allotment within Anchor Investor Portion% Allotment of Issue
1 SUNDARAM MID CAP FUND SUNDARAM MUTUAL FUND 1,91,856 16.50 6.15 1.84
2 SUNDARAM MONTHLY INCOME PLAN SUNDARAM MUTUAL FUND 11,600 1.00 0.37 0.11
3 SUNDARAM AGGRESSIVE HYBRID FUND SUNDARAM MUTUAL FUND 11,600 1.00 0.37 0.11
4 SUNDARAM SELECT SMALL CAP FUND-SERIES II SUNDARAM MUTUAL FUND 17,440 1.50 0.56 0.17
5 SUNDARAM SELECT SMALL CAP FUND-SERIES III SUNDARAM MUTUAL FUND 11,600 1.00 0.37 0.11
6 SUNDARAM SELECT MICRO CAP-SERIES IV SUNDARAM MUTUAL FUND 11,600 1.00 0.37 0.11
7 SUNDARAM INFRASTRUCTURE ADVANTAGE FUND SUNDARAM MUTUAL FUND 34,880 3.00 1.12 0.34
8 DSP FOCUSED FUND DSP MUTUAL FUND 2,21,008 19.01 7.08 2.13
9 FIL INVESTMENTS (MAURITIUS) LTD. FIDELITY 2,09,296 18.00 6.71 2.01
10 BLACKROCK INDIA EQUITIES (MAURITIUS) LTD. BLACKROCK 2,09,296 18.00 6.71 2.01
11 PARVEST EQUITY WORLD EMERGING PARVEST 2,09,296 18.00 6.71 2.01
12 JP MORGAN FUNDS JP MORGAN 1,51,152 13.00 4.84 1.45
13 JP MORGAN INDIA SMALLER COMPANIES FUND JP MORGAN 58,144 5.00 1.86 0.56
14 OAKTREE EMERGING MARKETS MAURITIUS HOLDINGS LTD. OAKTREE 72,998 6.28 2.34 0.70
15 VANGUARD EMERGING MARKETS SELECT STOCK FUND VANGUARD 73,646 6.33 2.36 0.71
16 NATIONAL PENSION SERVICE MANAGED BY OAKTREE CAPITAL MANAGEMENT,LP NATIONAL PENSION SERVICE 1,90,604 16.39 6.11 1.83
17 HDFC ELSS TAX SAVER HDFC MUTUAL FUND 2,21,008 19.01 7.08 2.13
18 ICICI PRUDENTIAL LIFE INSURANCE CO.LTD. ICICI PRUDENTIAL LIFE INSURANCE 2,17,808 18.73 6.98 2.09
19 CANARA ROBECO LARGE & MID CAP FUND CANARA ROBECO MUTUAL FUND 96,688 8.32 3.10 0.93
20 CANARA ROBECO ELSS TAX SAVER FUND CANARA ROBECO MUTUAL FUND 64,512 5.55 2.07 0.62
21 CANARA ROBECO FLEXI CAP FUND CANARA ROBECO MUTUAL FUND 59,808 5.14 1.92 0.58
22 TATA DIGITAL INDIA FUND TATA MUTUAL FUND 4,992 0.43 0.16 0.05
23 TATA MID CAP FUND TATA MUTUAL FUND 70,048 6.02 2.25 0.67
24 TATA ELSS FUND TATA MUTUAL FUND 70,304 6.05 2.25 0.68
25 INTEGRATED CORE STRATEGIES (ASIA) PTE.LTD. INTEGRATED CORE 83,248 7.16 2.67 0.80
26 INDUS INDIA FUND (MAURITIUS) LTD. INDUS 83,200 7.16 2.67 0.80
27 COPTHALL MAURITIUS INVESTMENT LTD. COPTHALL 2,44,176 21.00 7.83 2.35
28 MACQUARIE EMERGING MARKETS ASIAN TRADING PTE.LTD. MACQUARIE 58,192 5.00 1.87 0.56
29 MORGAN STANLEY MAURITIUS CO.LTD. MORGAN STANLEY 1,60,000 13.76 5.13 1.54
31,20,000268.3210030.00

IPO Subscription FAQs

The L&T Technology IPO is subscribed 2.52214285714286 times by Sep 15, 2016 19:00.

L&T Technology IPO Subscription

Investor Category Subscription (times)
Qualified Institutional5.01
Non Institutional1.03
Retail Individual1.74
Total Subscription2.52214285714286

Retail category of L&T Technology IPO subscribed 1.74 times as of date Sep 15, 2016 19:00. The public issue closes on Thu, 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 2.52214285714286 times by Sep 15, 2016 19:00.

The L&T Technology IPO allotment status is expected on or around Tuesday, September 20, 2016. Visit L&T Technology IPO allotment status to check.

The L&T Technology IPO listing date is September 23, 2016. The equity share of L&T Technology IPO 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 OnMonday, September 12, 2016
IPO Closes OnThursday, September 15, 2016
Finalisation of Basis of AllotmentTuesday, September 20, 2016
Initiation of RefundsWednesday, September 21, 2016
Credit of Shares to Demat AccountThursday, September 22, 2016
IPO Listing DateFriday, September 23, 2016
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