Larsen & Toubro (L&T) Infotech IPO – Snapshot, Prospectus, Allotment, Listing, Reviews

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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.

Company Profile

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

Subscription Details

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.

Financials:

Particulars	For the year/Period ended (Rs. in Million)
Financial Year	31-Mar-15	31-Mar-14	31-Mar-13	31-Mar-12	31-Mar-11
Total Equity & Liabilities	29068.71	25058.09	21893.69	19814.75	18978.62
Total Assets	29068.71	75058.09	21893.69	19814.75	18978.62
Total Revenue	48331.83	45628.48	36301.56	29685.54	23547.50
Total Expenses	37895.04	35787.35	28088	23400.82	19174.06
Profit After Tax (PAT)	7729.62	9023.05	5615.70	4047.65	3129.16