L&T Technology Services Limited
12 Sep 2016 – 15 Sep 2016
LISTED
Offer Price
₹850–860
Bid lot
16
Min Application
₹13,760
Issue Size
₹894 Cr
Key dates
Open date
12 Sep 2016
Done
Close date
15 Sep 2016
Done
Basis of allotment
—
TBA
Initiation of refunds
—
TBA
Credit to demat
—
TBA
Listing date
23 Sep 2016
Today
Issue reservation
₹894 CrQIB 50%Retail 35%
QIB
52.0 L sh · ₹447.00 Cr
Retail
36.4 L sh · ₹312.90 Cr
BRLM: Axis Capital · Nuvama · JM Financial
Lot ladder — how much to bid
1 lot = 16 sharesRetail · Up to ₹2 L1–14 lots
Min · 1 lot
16 sh · ₹13,760
Max · 14 lots
224 sh · ₹1,92,640
S-HNI · ₹2 L to ₹10 L15–72 lots
Min · 15 lots
240 sh · ₹2,06,400
Max · 72 lots
1,152 sh · ₹9,90,720
B-HNI · Above ₹10 L73+ lots
Min · 73 lots
1,168 sh · ₹10,04,480
Entry point
₹10,04,480 onward
Issue details
Lead managersAxis Capital, Nuvama, JM Financial
Face value₹10
Listing onNSE
RegistrarKarvy Computershare Private Limited
Live subscription
3.67×
0×1×2×3×+
Oversubscribed
Book₹759.90 Cr
Subscribed₹2,787 Cr
Applications—
Share-wise
by category| Category | Book Size | Subscription | No. of Times |
|---|---|---|---|
| QIB | 51,97,675₹447.00 Cr | 2,60,40,349₹2,239 Cr | 5.01× |
| HNI | 15,59,302₹134.10 Cr | 16,06,081₹138.12 Cr | 1.03× |
| Retail | 36,38,372₹312.90 Cr | 63,67,151₹547.57 Cr | 1.75× |
| Total | 88,36,047₹759.90 Cr | 3,24,07,500₹2,787 Cr | 3.67× |
*QIB Book Size is Gross — the anchor allocation is not on this record yet.
Subscription Demand
in ₹ crore| Category | Applied |
|---|---|
| QIB | 2,239.47 |
| HNI | 138.12 |
| Retail | 547.57 |
| Total | 2,787.05 |
Amounts at the upper band (₹860). Times figures are computed from the shares this page shows so Book × Times = Subscribed always cross-checks.
Grey-market sentiment
No grey-market data yet.
Documents
RHPOpen ↗
Filed with SEBI / the exchange by the issuer. Opens on the issuer's or the regulator's site.
How to apply
1Create your account & log inSign up on Investoyard and complete a quick KYC.
2Pick the IPO & tap ApplyOpen the live IPO and choose your investor category.
3Enter bid & quantityUp to 3 bids · cut-off or price band · retail cap ₹2,00,000.
4Approve the UPI mandateYou receive a fund-block request on your UPI app.
5DoneFunds stay blocked until allotment, then auto-debited (or released).
Frequently asked questions
What is the minimum investment in the L&T Technology Services Limited IPO?
One lot of 16 shares — ₹13,760 at the upper price band of ₹860.
How many bids can I place?
Up to 3 bids per application. Retail applications are capped at ₹2,00,000; above that you must apply in the HNI category.
When are the funds debited?
Funds are blocked via a UPI mandate at application and debited only on allotment. If shares are not allotted, the block is released automatically.
When will the shares list?
Tentative listing on 2016-09-23 on NSE.