IPO Issue Details
Issue Price / Price Band₹710 per share (Fixed Price)
Face Value₹1 Per Share
Lot Size20 Shares per Lot
Total Issue Size1,75,00,000 shares (aggregating up to ₹1,236.38 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryOffer For Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenMon, 11 Jul 2016
Subscription CloseWed, 13 Jul 2016
Anchor AllotmentSun, 10 Jul 2016
Basis of AllotmentTue, 19 Jul 2016
Initiation of RefundsWed, 20 Jul 2016
Credit of Shares to DematWed, 20 Jul 2016
Listing DateThu, 21 Jul 2016
UPI Mandate Deadline2016-07-13
Application & Investment Details
Retail — Min (1 Lots)₹14,200 — 20 shares
Retail — Max (13 Lots)₹184,600 (13 Lots)
HNI — Min (15 Lots)₹2,13,000 — 300 shares
Pre-IPO Promoter Holding16,98,43,538 shares
Post-IPO Promoter Holding16,98,43,538 shares
About Larsen & Toubro Infotech Ltd.
Incorporated in 1996, Larsen & Toubro Infotech, a subsidiary of Larsen & Toubro Ltd is Mumbai, India based IT Solutions & Services Company. Information in this paragraph is copied from chittorgarh.com. L&T Infotech is ranked 6th largest IT company in India in terms of export revenues and among top 20 IT service provider in the world.L&T Infotech offers an extensive range of IT services in diverse industries around the world. The services offered by L&T Infotech includes application development, maintenance and outsourcing, enterprise solutions, infrastructure management services, testing, digital solutions and platform-based solutions.L&T Infotech is promoted by Larsen & Toubro Limited, a leading Indian conglomerate in engineering, construction, manufacturing, finance and technology. Content in this paragraph is copied from chittorgarh.com. For L&T Infotech, the percentage of its revenue from North America, Europe, Asia Pacific and the rest of the world amounted to 68.6%, 17.9%, 2.4% and 6.9%, for Financial Year 2015.Competitive strengths of the company are as following:1. Strong domain focus enabling Business-to-IT Connect2. Strong parentage and brand equity of our Promoter3. Established long-term relationships with our clients4. Extensive portfolio of IT services and solutions5. Focus on emerging technologies6. Track record of established processes and executing large, end-to-end, mission critical projects7. Strong management culture8. Conducive work environment to attract and retain talent
Objects of the Issue
(Standard — DRHP pending)
Larsen & Toubro Infotech Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Funding of Capital Expenditure Requirements
2
Working Capital Requirements
3
General Corporate Purposes
Detailed fund allocation will be available once the company files DRHP with
SEBI.
Shareholding & Lock-in
Pre-IPO Promoter Holding
16,98,43,538 shares
Post-IPO Promoter Holding
16,98,43,538 shares