L&T Technology Services Ltd coming with more promising through its IPO at a price band of Rs. 850-860. Its is a the wholly-owned subsidiary of Larsen & Toubro company offers higher price band but as per the company’s analysis, market products and strength very good to invest in L&T Technology IPO which will be open from September 12-15. As market research L&T Technology IPO will get good subscription due to high demand in grey market.
You can apply for the minimum bid lot of 16 shares and get listing on BSE and NSE. The L&T Technology Services grey market premium is high demand because of company goodwill is continuous increase. Its worth investment in L&T Technology IPO for long term. Its such a large issue and when this types of issues comes, the it will be open with 20% discount price. As per the financials its looks vert strong company with continuous growth in business and this IPO is not going to be a success.
L&T Technology IPO Dates & Price Band & Market Lot:
- IPO Open: Sep 12, 2016
- IPO Close: Sep 15, 2016
- IPO Size: Offer for Sale of 10,400,000 Equity Shares of Rs 2 aggregating up to Rs 2
- Face Value: Rs 2 Per Equity Share
- Price Band: Rs. 850 – Rs. 860
- Listing on: BSE & NSE
L&T Technology IPO Market Lot:
- Shares: Apply for 16 Shares (Minimum Lot Size)
- Amount: Rs. 13760
L&T Technology Services Financial:
L&T Technology has delivered very strong result as compare to last few years. Its Mumbai based company connected with the business since 2012. They have total assets of Rs. 18,227.27 million for year ended of March 2016 and has total revenue of 2,946.37 millions for year ended March 2016, so company position is growing YoY as we can say that. PAT is increasing YOY from 308 crores (2014) to 119.059 crores (2015).
Company Promoters:
The Promoter of L&T Technology Company is L&T
Quick Links:
IPO Registrar:
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: [email protected]
Website: http://karisma.karvy.com
IPO Lead Managers:
1. BoA Merrill Lynch
2. JM Financial Consultants Private Limited
3. Kotak Mahindra Capital Company Limited
4. SBI Capital Markets Limited
1. BoA Merrill Lynch
2. JM Financial Consultants Private Limited
3. Kotak Mahindra Capital Company Limited
4. SBI Capital Markets Limited
Company Address:
L&T Technology Services Ltd
L&T House,
N.M. Marg, Ballard Estate,
Mumbai 400 001
Phone: +91 22 6752 5656
Fax: +91 22 6752 5893
Email: [email protected]
Website: http://www.lnttechservices.com/
