L&T Infotech, countries one of the largest IT service and solution provider company is coming up with an Initial public offering or IPO on 11th July 2016. This the first IPO of the Mumbai based L&T Infotech. It is expected that the total price of this IPO will be around 1.75 crore.
L&T Infotech IPO share price is expected to be between Rs 705-710 per share and offered Rs 10 discount to retail investors on issue price. With L&T Infotech IPO launch, company is expected to collect 1,200 crore for the parent company. In this article, I will share all necessary highlight of this IPO like L&T Infotech IPO date of launch, L&T Infotech IPO share price & valuation, L&T Infotech IPO face value etc.
Objectives of L&T Infotech IPO Launch
“The objects of the offer are to achieve benefits of listing equity shares on the Stock Exchanges and to carry out the sale of up to 1,75,00,000 equity shares by the selling shareholder. The listing of the equity shares will enhance our brand name and provide liquidity to the existing shareholders,” the Mumbai-based IT services and solutions company said in its prospectus.
Key Details of L&T Infotech IPO
- Key dates: Opens 11/07/2016 and close 13/07/2016. So, you have only 3 days to invest in L&T Infotech IPO.
- Face Value: Rs 1 per share
- Share Price: As I have already shared, it is expected to be Rs 705-710 per share and offered Rs 10 discount to retail investors on issue price
- Min Investment: Rs 12,780 on lower price band (excluding discount)
- Lead Managers: Citi Global, Kotak Mahindra, ICICI Securities
For more details, please visit the SEBI website L&T Infotech IPO prospectus page.
Registered Office: L&T House, Ballard Estate, Mumbai 400 001; Tel: (91 22) 6752 5656; Fax: (91 22) 6752 5893 Corporate Office: L&T Technology Center, Gate No.5, Saki Vihar Road, Powai, Mumbai 400 072; Tel: (91 22) 6776 6776; Fax: (91 22) 2858 1130 Contact Person: S. K. Bhatt, Company Secretary and Compliance Officer E-mail: firstname.lastname@example.org; Website: www.lntinfotech.com