Larsen & Toubro Infotech is hitting the capital markets with it IPO scheduled on Jul 11, 2016. The company had filed a draft red herring prospectus (DRHP) with the market to raise Rs.2,000 crore for its subsidiary L&T InfoTech limited as on September 28,2015 and got approval from the capital market regulator Securities and Exchange Board of India (Sebi) in December 31,2015 with one year validity. The object of the issue was to comprise of an offer for sale of up to 17,500,000 equity shares of the subsidiary or 10.85% of the shares capital.
The company was incorporated in 1996 and based in Mumbai, India. It is an IT services and solutions based company and is subsidiary of L&T company which provides as access to professionals with deep industry knowledge in the sectors of its business. The IT services arm of L&T is structured around two businesses—the industrials and the services clusters. The industrials cluster offers to clients in verticals such as manufacturing, energy and utilities, hi-tech and consumer electronics, automotive and aerospace, engineering and construction. The services cluster focuses on banking, financial services, insurance, travel and logistics, media and entertainment and healthcare. L&T Infotech appointed former Infosys executive Sanjay Jalona as its chief executive officer and managing director on 11 August 2015. The company is looking to rebuild its senior team, in preparation of IPO, after a couple of its senior executives quit this year.
They are amongst the top 20 IT service providers globally in 2015 according to the Everest Group’s PEAK Matrix for IT service providers. Their clients comprise some of the world’s largest and well-known organizations, including 43 of the Fortune Global 500 companies. The company had near 19,500 employees as of March 31, 2015.
L&T Infotech is placed as the sixth largest Indian IT services company in terms of export revenues during 2014.
The company received a net profit of Rs. 769 crore on consolidated total income of Rs. 5,069 crore in 2014-15.
Outlook of the Firm
- Strong domain focus enabling Business-to-IT Connect
- Strong parentage and brand equity of our Promoter
- Established long-term relationships with our clients
- Focus on emerging technologies
- Track record of established processes and executing large, end-to-end, mission critical projects
- Strong management culture
- Conducive work environment to attract and retain talent
Objects Of The Issue
1) To achieve the benefits of listing the Equity Shares on the Stock Exchanges; and
2) To carry out the sale of up to 17,500,000 Equity Shares by the Selling Shareholder.
Summary Of Issue:
|Issue Open:-||July 11,2016-July 13,2016|
|Issue Type||100% Book Built Issue IPO|
|Issue Size (Shares)||[17,500,000]Equity Shares|
|Issue Size in (Value)||Equity Shares of Rs. 1 aggregating up to Rs 1,400.00 Crore|
|Face Value||Rs. 1 Per Equity Share|
|Issue Price||Rs. [705 to Rs. 710] Per Equity Share|
|Market lots||18 Shares|
|Minimum Order Quantity||18 Shares|
|Listing At||BSE, NSE|
The public offer includes:- 17,500,000 Equity Shares
Pls. keep Looking for this space for Subscription details
L&T Infotech IPO Allotment Status
L&T Infotech IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.
One can check the allotment on the below given link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps
- Click on the given link See L&T Infotech IPO Allotment Status here
- Go to Application status
- Select IPO as L&T Infotech
- Enter you PAN Number or Application Id or DP Client Id
It takes little time to fetch information so you need to be little patient.
Larsen & Toubro Infotech Listing Date
Pls. keep Looking for this space for Listing Date.
Promoters Of the Company:
The Promoter of the Company is Larsen & Toubro Limited. L&T currently holds 161,250,000 Equity Shares, equivalent to 94.96% of the pre-Offer issued, subscribed and paid-up Equity Share capital of L&T Infotech.
|Particulars||For the year/Period ended (Rs. in Million)|
|Total Equity & Liabilities||29068.71||25058.09||21893.69||19814.75||18978.62|
|Profit After Tax (PAT)||7729.62||9023.05||5615.70||4047.65||3129.16|
Lead Manager Details:
1) Citigroup Global Markets India Private Limited
1202, 12th Floor First International Financial Centre, G-Block
Bandra Kurla Complex Bandra East, Mumbai 400 051
Tel: (91 22) 6175 9999 Fax: (91 22) 6175 9961
Investor grievance e-mail: email@example.com
Contact person: Gursartaj Singh Nijjar
SEBI registration number: INM000010718
2) 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
Investor grievance e-mail:firstname.lastname@example.org
Contact person: Ganesh Rane
SEBI registration number: INM000008704
3) ICICI Securities Limited ICICI Center,
H.T. Parekh Marg Churchgate, Mumbai 400 020
Tel: (91 22) 2288 2460 Fax: (91 22) 2282 6580
Investor grievance e-mail: email@example.com
Contact persons: Prem Dcunha / Anurag Byas
SEBI registration number: INM000011179
Registrar To The Issue
Link Intime India Private Limited
C-13, Pannalal Silk Mills Compound
L.B.S. Marg, Bhandup (West), Mumbai 400078
Tel: (91 22) 6171 5400 Fax: (91 22) 2596 0329