L&T Technology Services IPO
L&T Technology Services Limited (LTTS) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 23 September 2016.
Listed 23 Sep
Subscribed 2.53x
Listing gain +7.0%
Issue details
Price band
₹850–860
Issue price
₹860
Lot size
—
Min. retail bid
—
Issue size
₹894 Cr
Face value
₹2
Bidding
12 Sep – 15 Sep 2016
Listing
23 Sep 2016
Retail quota
35%
Registrar
Karvy Computershare Private Limited
Listing day
Listed at
₹920
+7.0% vs issue price ₹860
Day's high
₹931
+8.3% · low ₹860 (0.0%)
Day's close
₹869
+1.1% · traded ₹723 Cr
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 20,80,000 | 1,04,25,216 | 5.01x | |
| NII (HNI) total | 15,60,000 | 16,04,752 | 1.03x | |
| Retail | 36,40,000 | 63,53,888 | 1.75x | |
| Total | 72,80,000 | 1,83,83,856 | 2.53x |
Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 30% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to L&T Technology Services's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Precision CamshaftsJan 2016 | 2.62x | 0.73x | 2.01x | 1.91x | ₹424 Cr | -11.3% | -0.5% |
| HealthCare Global EnterprisesMar 2016 | 2.36x | 0.43x | 0.83x | 1.56x | ₹650 Cr | -3.6% | -2.8% |
| Infibeam IncorporationMar 2016 | 0.86x | 2.23x | 1.31x | 1.11x | ₹1,148 Cr | +4.9% | +8.1% |
| S.P. ApparelsAug 2016 | 2.21x | 5.10x | 1.90x | 2.66x | ₹254 Cr | +2.6% | +7.7% |
| Mahanagar GasJun 2016 | — | — | — | — | — | +28.3% | +30.4% |
| Parag Milk FoodsMay 2016 | — | — | — | — | — | +1.2% | +16.1% |
Offer documents (NSE)
Frequently asked
What is the L&T Technology Services IPO price band and lot size? ₹850–860 per share.
How many times has it been subscribed? 2.53x overall: QIB 5.01x, NII 1.03x, retail 1.75x.
How did it list? It opened at ₹920, +7.0% against the issue price of ₹860, and closed its first day +1.1%.
Other IPOs of 2016
Laurus LabsSheela FoamGreenSignal Bio PharmaVarun BeveragesEndurance TechnologiesHPL Electric and PowerGNA AxlesRBL Bank
All 2016 IPOs →
Important: The AI listing estimates on Flash Finance are statistical estimates drawn from
how past Indian IPOs have listed. They are not a forecast of what any IPO will do, not a recommendation to apply, buy or sell,
and not investment advice. Listing prices depend on market conditions on the listing day and can differ widely from any
estimate; past patterns may not repeat. Subscription figures are as published by NSE (bids on NSE and BSE together) and can be
revised. Flash Finance is not a SEBI-registered investment adviser or research analyst. Read the issue's Red Herring
Prospectus and consult a SEBI-registered adviser before you invest.
