L&T Technology Services Limited IPO
L&T Technology Services Limited was a mainboard IPO in the IT Enabled Services sector, offered at ₹850–₹860 per share to raise ₹894 crore. The issue was subscribed 2.53× overall (QIBs 5.01×, NIIs 1.03×, retail 1.75×). It listed on 23 Sep 2016 at ₹920 and closed its first day at ₹869, a listing gain of +1.1% versus the ₹860 issue price. It now trades around ₹4,280 (+397.7% versus the issue price).
Frequently asked questions
- How many times was the L&T Technology Services Limited IPO subscribed?
- The L&T Technology Services Limited IPO was subscribed 2.53× overall — 5.01× in the QIB category, 1.03× among non-institutional investors, 1.75× in retail.
- What were the L&T Technology Services Limited IPO listing gains?
- L&T Technology Services Limited listed on 23 Sep 2016 at ₹920, closing its first day at ₹869 — a listing gain of +1.1% versus the ₹860 issue price.
- What were the retail allotment odds for the L&T Technology Services Limited IPO?
- Retail was subscribed 1.75×, so a single-lot application had roughly a 57.1% chance of allotment (about 1 in 2), and allotment was finalised on 19 Sep 2016.
- What was the price band and lot size of the L&T Technology Services Limited IPO?
- The price band was ₹850–₹860 per share, with a minimum lot of 16 shares (₹13,760 at the upper band).
- Who were the registrar and lead manager for the L&T Technology Services Limited IPO?
- Karvy Computershare Private Limited was the registrar to the issue.