Thursday, July 14, 2016

L&T Infotech IPO finally subscribed 11.69 times

L&T Infotech Ltd IPO finally subscribed 11.69 times. L&T has received bids for 14,31,91,480 shares as against issue size of 1,22,50,000 shares. L&T Infotech IPO shares are proposed to be listed on the BSE and NSE. Issue closed today for subscription.

Issue Subscription Detail:

Qualified Institutional Buyers (QIBs): 19.91 times
Non Institutional Investors (NII): 10.76 times
Retail Individual Investors (RIIs): 7.39 times
Total: 11.69 times