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L&T Technology Services IPO is a Book Building IPO listing on BSE,NSE exchange, with an ipo size of ₹ 894.40 Cr. The company is based in Mumbai and caters to Information Technology sector. Bofa Securities India , Jm Financial , Kotak Mahindra Capital Company , SBI Capital Markets are the merchant bankers of L&T Technology Services IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 15th July 2016.
L&T Technology Services IPO open date is 12th September 2016 and close date is 15th September 2016. IPO Allotment Date is 20th September 2016 and Listing date is 23rd September 2016.
IPO
Size:
₹ 894.40 Cr.
Avg IPO Size (Sector Based)
: ₹
755.86 cr.
Sector: Information Technology
IPO so far:
35
Merchant Banker:
Bofa Securities
IPO by BRLM so far:
44
City:
Mumbai
IPO so far:
189
Revenue (annualised):
₹
3333.56
cr. 
PE
Ratio:
35.00x
Average Sector PE Ratio: 22.44x
L&T Technology Services IPO size is ₹ 894.40 Cr. with IPO price of ₹ 860.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Bofa Securities India Limited is the book-running lead manager of the L&T Technology Services IPO. Kfin Technologies Limited is the Registrar for L&T Technology Services IPO.
L&T Technology Services IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
L&T Technology Services IPO, based in Mumbai, operates in the Information Technology sector with a focus on technology and process engineering. The company is launching its MainBoard IPO on the BSE,NSE exchange, using the Book Building Issue method. L&T Technology Services IPO size is ₹ 894.40 Cr. with fresh issue size of ₹ 894 and Offer for sale being ₹ Nil
The IPO allotment date for L&T Technology Services IPO is expected to be 20th September 2016, after the finalization of basis of allotment. Investors can check L&T Technology Services IPO allotment status on the registrars website, Kfin Technologies Limited . L&T Technology Services IPO refund dates are 21st September 2016.
L&T Technology Services IPO is expected to be listed on 23rd September 2016.
The upper price band for the L&T Technology Services IPO is set at ₹ 860.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on L&T Technology Services IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the L&T Technology Services IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 15th September 2016. After submission, funds are blocked until the basis of allotment of L&T Technology Services IPO is finalised.
The merchant banker for L&T Technology Services IPO is Bofa Securities India Limited , Jm Financial Limited , Kotak Mahindra Capital Company Limited , SBI Capital Markets Limited . Bofa Securities India Limited , Jm Financial Limited , Kotak Mahindra Capital Company Limited , SBI Capital Markets Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the L&T Technology Services IPO RHP for further details.
The registrar for L&T Technology Services IPO is Kfin Technologies Limited . Investors can go to Kfin Technologies Limited registrar website for IPO allotment status, refund processing, and other queries related to L&T Technology Services IPO through their official website or helpline.
L&T Technology Services IPO was subscribed 2.52 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 894.40 Cr.
Avg IPO Size (Sector Based)
:
₹ 755.86 Cr.
Sector: Information Technology
IPO so far:
35
Merchant Banker:
Bofa Securities
IPO by BRLM so far:
44
City:
Mumbai
IPO so far:
189
Revenue (annualised):
₹ 3,333.56 cr.
PE
Ratio:
35.00x
Average Sector PE Ratio: 22.44x
L&T Technology Services IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on L&T Technology Services Financial Review Page
Merchant Banker(s) of L&T Technology Services IPO: Bofa Securities India Limited , Jm Financial Limited , Kotak Mahindra Capital Company Limited , SBI Capital Markets Limited
L&T Technology Services IPO subscription was 2.52 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
L&T Technology Services IPO listed at a listing price of 865.10 against the offer price of 860.00.
The current market price of L&T Technology Services is 4401.90.
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