Monday, July 11, 2016

L&T Infotech IPO Fully Subscribed on Day 1

L&T Infotech IPO fully subscribed on day 1. Issue received bid for 1.23 times of shares on its first day of bidding for IPO shares.

Qualified Institutional Buyers (QIBs) quota subscribed 1.76 time, Non Institutional Investors subscribed 0.19 times and Retail Individual Investors (RIIs) category subscribed 1.38 times.

Larsen & Toubro Infotech, a subsidiary of Larsen & Toubro Ltd is Mumbai, India based IT Solutions & Services Company. L&T Infotech is ranked 6th largest IT Company in India in terms of export revenues.

L&T Infotech IPO was opened today and will close for subscription on Jul 13, 2016. L&T Infotech Ltd offers discount of Rs 10 to all eligible Retail Individual Bidders.