L&T

Incorporated in 2012, L&T Technology Services Ltd is Mumbai India based third-party ER&D (Engineering, Research and Development) service provider . L&T Tech provide services to manufacturing, technology and process engineering companies to help them develop and build products, processes and infrastructure required to deliver products and services to their end customers. Information in this paragraph is provided by chittorgarh.com, Indias No. 1 IPO Investment Portal.

L&T Tech derive 80.2% of its revenues from customers in North America and Europe. The majority of its work is executed by employees based out of delivery centers in India using an offshore delivery model. This gives L&T Tech a competitive advantage in terms of talent pool availability and lower costs compared to it US and European competitors. Company have 12 global delivery centers in India and overseas, 27 sales offices in India, North America, Europe, the Middle East and Asia and 31 labs in India. Company have 8,000 engineers serving over 200 customers.

L&T Tech operate in five industry segments; transportation, industrial products, telecom and hi-tech, process industry and medical devices. Company offer design and development solutions throughout the product development chain and provide solutions in the areas of mechanical and manufacturing engineering, embedded systems, software engineering and process engineering.

The ER&D services help customers reduce time-to-market for their end products and services, innovate to create new products and solutions, reduce cost of development and meet increasing regulatory requirements more effectively. Company have filed 34 proprietary patents and 134 patents have been filed by its customers along with its employees.

L&T Tech leverage the strengths of its parent company, L&T, a leading Indian conglomerate in technology, engineering, construction, manufacturing and finance, which has provided the company with a broad engineering and design heritage. Visit chittorgarh.com for more detail.

Company Promoters:

The Promoter of our Company is L&T

Company Financials:

Summary of financial Information
Particulars For the year/period ended (in Rs. Million)
31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 18,227.27 17,144.82 6,368.91 0.50
Total Revenue 29,694.04 25,856.22 1,222.00 -
Profit After Tax (PAT) 4,342.36 3,151.77 62.14 (0.03)

Objects of the Issue:

The objects of the Offer are (Information partner: chittorgarh.com, Indias No 1 IPO Investment Portal)
1. To achieve the benefits of listing the Equity Shares on the Stock Exchanges and
2. To carry out the sale of up to 10,400,000 Equity Shares by the Selling Shareholder.

IPO Opening Date Sep 12, 2016
IPO Closing Date Sep 15, 2016
Issue Type Book Built Issue IPO
Face Value ₹2 per equity share
IPO Price ₹850 to ₹860 per equity share
Market Lot 16 Shares
Min Order Quantity 16 Shares
Listing At BSE, NSE
Issue Size10,400,000 Eq Shares of ₹2
(aggregating up to ₹894.40 Cr)
Offer for Sale10,400,000 Eq Shares of ₹2
(aggregating up to ₹[.] Cr)

L&T Technology IPO Tentative Timetable

The L&T Technology IPO open date is Sep 12, 2016, and the close date is Sep 15, 2016. The issue may list on Sep 23, 2016.

IPO Open Date Sep 12, 2016
IPO Close Date Sep 15, 2016
Basis of Allotment Date Sep 20, 2016
Initiation of Refunds Sep 21, 2016
Credit of Shares to Demat Account Sep 22, 2016
IPO Listing Date Sep 23, 2016

L&T Technology IPO Lot Size

The L&T Technology IPO market lot size is 16 shares. A retail-individual investor can apply for up to 14 lots (224 shares or ₹192,640).

Application Lots Shares Amount (Cut-off)
Minimum 1 16 ₹13,760
Maximum 14 224 ₹192,640

L&T Technology IPO Subscription Status (Bidding Detail)

The L&T Technology IPO is subscribed 2.52x times on Sep 15, 2016 19:00. The public issue subscribed 1.74x in the retail category, 5.01x in the QIB category, and 1.03x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB

5.01x

NII

1.03x

RII

1.74x

Total

2.52x

Rating:Rated

Listing Date Friday, September 23, 2016
BSE Script Code 540115
NSE Symbol LTTS
Listing In B Group of Securities
ISIN INE010V01017
IPO Price ₹860 per equity share
Face Value ₹2 per equity share
.
IPO Price
Open
Low
High
Last Trade
BSE
₹860.00
₹900.00
₹860.00
₹931.00
₹865.10
NSE
₹860.00
₹920.00
₹860.10
₹931.45
₹869.00

L&T Technology Services Ltd
L&T House,
N.M. Marg, Ballard Estate,
Mumbai 400 001
Phone: +91 22 6752 5656
Email: investor@LntTechservices.com
Website: http://www.lnttechservices.com/

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L&T Technology IPO FAQs

L&T Technology IPO is a main-board IPO of 10,400,000 equity shares of the face value of ₹2 aggregating up to ₹894.40 Crores. The issue is priced at ₹850 to ₹860 per equity share. The minimum order quantity is 16 Shares.

The IPO opens on Sep 12, 2016, and closes on Sep 15, 2016.

KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The L&T Technology IPO opens on Sep 12, 2016 and closes on Sep 15, 2016.

L&T Technology IPO lot size is 16 Shares and the minimum order quantity is 16 Shares.

You can apply in L&T Technology IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who dont offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for L&T Technology IPO will be done on Sep 20, 2016, and the allotted shares will be credited to your demat account by Sep 22, 2016. Check the L&T Technology IPO allotment status.

The L&T Technology IPO listing date is on Friday, September 23, 2016.

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