L&T Infotech Subscription Detail of 3 Days from Jul 11 to Jul 13. Its been a good IPO season and after Quess Corp. listing it shows great interest even in big IPOs like L&T Infotech.
The company has good valuation as per market and analyst compare company with TCS so it will be good impact in the market for retail investor but the listing gain will be less. Even though investors gave a good go to this ipo with 11.69 times subscription. Checkout the listing day prices as grey market premium for this IPO is not that good. Still one can expect 10% gain in L&T Infotech IPO.
L&T Infotech Subscription:
| Day | QIB | NII | RII | Total |
| Day 1 | 1.76 | 0.19 | 1.38 | 1.23 |
| Day 2 | 5.38 | 0.63 | 3.81 | 3.58 |
| Day 3 | 19.91 | 10.76 | 7.39 | 11.69 |
L&T Infotech IPO Detail:
– IPO Open: Jul 11, 2016 – Jul 13, 2016
– Issue Size: U to Rs 1,400.00 Cr
– Face Value: Rs 1 Per Equity Share
– Issue Price: Rs. 705 – Rs. 710 Per Equity Share
– Discount: Rs. 10 Discount for Retail
– Market Lot: 20 Shares
– Listing At: BSE, NSE
