L&T Technology Services IPO Details

   L&T Technology Services IPO Details

L&T Technology Services IPO is all set to hit the primary markets on September 12, 2016. The IPO open The Price Band for L&T Technology Services IPO is fixed at Rs. 850 to Rs.860 per equity shares with a face value of Rs. 2 per share. A, 10.4 million shares will be on offer to make issue size of approximately Rs. 900 crore. Check out the various important details such as IPO price band, Listing date, allotment status of L&T Technology Services IPO in this post.

Allotment Status : Check your L&T Technology Services IPO allotment Status

The company had filed a Draft Red Herring Prospectus (DRHP) to the hit the capital market with an Initial public offering to raise Rs. 894.40 crore by selling 1.04 crore shares.

Approx. 36.40 lakh shares will be allotted to the retail category. While, 15.60 lakh shares will be set for the non-institutional segments Further, 52 lakh shares of the quota limit will be placed for qualified institutional buyers (QIB). Anchor investors will be allotted up to 21.20 lakh shares and rest 20.80 lakh shares to other QIBs. The reservation for mutual fund will be approx. 1.04 lakh shares.

   Important Numbers for L&T Technology IPO

   Important Numbers for L&T Technology IPO

Below are the important information about the L&T Technology IPO.

  • L&T Technology IPO Price Band:  Rs 850- Rs860 per share
  • Issue Face Value : Rs 2 per share
  • Offer For Sale (OFS): 10,400,000 equity shares
  • Order Quantity : Minimum 16 Shares and multiple thereof

Prospectus : Download the L&T Technology IPO Draft Red Herring Prospectus (DRHP) here


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   L&T Technology IPO Schedule

Important dates with respect to L&T Technology IPO are as follows

  • Participation by Anchor Investors     : 09-September-2016
  • L&T Technology Issue Bid Open Date :  12-September-2016
  • L&T Technology Issue Bid Close Date : 15-September-2016
  • Finalization of Basis of Allotment : 20-September-2016
  • Unblocking of Funds from ASBA Account : 21-September-2016
  • Credit of L&T Technology Shares to Demat Account : 22-September-2016
  • Commencement of trading of L&T Technology share on NSE and BSE (Listing) : 23-September-2016

   L&T Technology IPO Subscription Details

L&T Technology IPO subscription details will be consequently updated in the below table , do visit again at the end of each day to know the details.

CategoryNumber of Shares OfferedDay1Day2Day3
Retail3,640,00019%77%175%
QIB2,080,00028%110%501%
NII1,560,0002%2.8%103%
Total7,280,00018%71%253%

   Objects of the L&T Technology IPO Issue

  • To achieve the benefits of listing the Equity Shares on the Stock Exchanges and
  • To carry out the sale of up to 10,400,000 Equity Shares by the Selling Shareholder

   L&T Technology  : Company Profile

The company was incorporated in 2012 and based in Mumbai, India. Larsen & Toubro limited is the parent company of the firm which is an expert for its technology, engineering, construction, manufacturing and finance. L&T Technology and Service company is working as a service provider of third party in the field of Engineering, Research and Development. It has occupied a wide area in domestic and international market. The company receives 80% of its revenue from the customers in North America and Europe. The firm deals mainly in the segment of transportation, industrial products, telecom and hi-tech, process industry and medical devices which are engaged to deliver as an important component of G500 ER&D spend. M2M connectivity, IoT, engineering analytics and power electronic are the core facilities or services as offered by the company.

l-t-techgnology-ipo-review

The company is awarded as a “leadership zone” by Zinnov ‘s GSPR rating in 2015. The company is providing its services in a network of delivery centers located across the United states of America. It is available from its customers locations in India. It has 12 global delivery centers across India and overseas, 27 sales offices in India North America, Europe, the Middle East and Asia and 31 labs in India

  Details of Important Stake Holders of L&T Technology IPO

Following table captures the contact information of the company, Registrar and the lead managers of this particular IPO.

Contact Information
AddressContact Details
L&T House, N.M. Marg, Ballard Estate, Mumbai 400 001Phone: (91 22) 6752 5656
Fax: (91 22) 6752 5893
Email: investor@LntTechservices.com
Website: www.lnttechservices.com/
Registrar Information
Karvy House, 46, Avenue 4, Street No. 1,
Banjara Hills, Hyderabad - 500 034



Phone: +91-40-23312454
Email: einward.ris@karvy.com
Lead Managers
Kotak Mahindra Capital Company
Limited
1st Floor, 27 BKC, Plot No. 27
G Block, Bandra Kurla Complex
Bandra (East), Mumbai 400 051
Tel: (91 22) 4336 0000
Fax: (91 22) 6713 2447
E-mail: ltts.ipo@kotak.com
DSP Merrill Lynch Limited
Ground Floor, A Wing, One BKC
G Block, Bandra Kurla Complex
Bandra (East), Mumbai 400 051

Tel: (91 22) 6632 8000
Fax: (91 22) 2204 8518
E-mail: dg.lnttechnologyservices_ipo@baml.com
JM Financial Institutional
Securities Limited
7th Floor, Cnergy
Appasaheb Marathe Marg
Prabhadevi, Mumbai 400 025
Tel: (91 22) 6630 3030
Fax: (91 22) 6630 3330
E-mail: l&ttech.ipo@jmfl.com
SBI Capital Markets Limited
202, Maker Tower ‘E’
Cuffe Parade,
Mumbai 400 005
Tel: (91 22) 2217 8300
Fax: (91 22) 2218 8332
E-mail: ltts.ipo@sbicaps.com
Company Promoters
Larsan & Toubro

  L&T Technology Financial Details

 Below Table captures how the L&T Technology services has performed in terms revenue and profit over the years.

L&T technology Financials
03/201503/2016
Revenues (Rs Million)26,43831,427
Profit After Tax (Rs Million)3,1084,166
Profit %11.8%13.3%
Revenue Growth (YoY %)NA19%

  L&T Technology Services  Strengths

  • Strong revenue growth of 19% in FY16 compared to FY15.
  • Good margins of over 13% in FY16.
  • Leading global pure-play ER&D services company.
  • Well-diversified player with multi-vertical industry expertise and long-standing customer relationships.
  • Focused on driving innovation through in-house R&D, IP and strategic alliances.

  L&T Technology Risk Factors

  • They are a company with limited operating history, and therefore investors may not be able to assess its prospects on the basis of historical results.
  • Company, its Directors, Subsidiaries, Promoter and Group Companies are involved in certain legal and other proceedings.
  • Company success depends on its ability to innovate, and its business will be adversely affected if they fail to develop new services and solutions or enhance existing services and solutions or if they fail to make changes to its pricing model to keep up with customer expectations.
  • Any inability to manage company growth could disrupt its business and reduce its profitability.
  • Company success depends in large part upon the strength of its management team and other skilled engineering professionals. If they fail to attract, retain, train and optimally utilise these personnel, its business may be unable to grow and its revenue and profitability could decline.
  • A reduction in the R&D budgets of its existing and prospective customers could affect its pricing and volume of work.
  • Company revenues are highly dependent on customers primarily located in North America and Europe as well as on customers concentrated in certain segments, notably industrial products, transportation, telecom and hi-tech, process industry and medical devices. An economic slowdown or factors affecting these geographies or segments could materially adversely affect its business, financial condition and results of operations.
  • Company revenue depends to a large extent on a limited number of customers, and its revenue could decline if they lose a major customer.

  Sharing is Definitely Caring

That’s the brief information about IPO of L&T technology Services. If you are interested in applying for this L&T Technology IPO, you can have a look at some of the Best stock brokers in IndiaAnd oh yes!, You can also share this article with your family and friends interested in L&T Technology Initial Public Offer (IPO) through the social sharing buttons on Below/Left.

Disclaimer : No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial adviser prior to making any actual investment decisions, based on information published here in the L&T Technology IPO. The author cannot be held liable for any loss arising by following this article.

Filed Under : IPO

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