L&T Technology Services Limited is the leading global pure-play ER&D (Engineering, Research and Development) services company. Company provide ER&D services, which is defined as the set of services provided to manufacturing, technology and process engineering companies, to help them develop and build products, processes and infrastructure required to deliver products and services to their end customers.
L&T IPO Details:
- Issue Open: Monday, September 12, 2016 – Thursday, September 15, 2016
- Object: 1) The objects of the Offer are 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.2) The listing of the Equity Shares will enhance brand name and provide liquidity to the existing shareholders, as per the company.
- Price Band: Rs.850/- to Rs.860/- per equity shares.
- Bid Lot: 16 equity shares & multiple of 16 equity shares thereafter.
- Issue Size: Offer for Sale of 1,04,00,000 equity share by Larsen & Toubro Limited (Rs.884 crs @ lower price band & Rs.894.4 crs @ upper price band)
- Face Value: Rs 2/- each
QIB (including Anchor):-
50% of the Offer (Rs.442 crs @ lower price band & Rs.447.2 crs @ upper price band).
NIB:-
15% of the Offer (Rs.132.6 crs @ lower price band & Rs.134.16 crs @ upper price band).
Retail:-
35% of the Offer (Rs.309.4 crs @ lower price band & Rs.313.04 crs @ upper price band).
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