Monday, September 12, 2016

L&T Technology IPO Subscription Status - IPO Subscribed 2.52 times

L&T Technology Subscription Detail of Subscription from Sept 12 to Sept 15. As per L&T Technology grey market premium investors might not have more interest but still people who believes in big brands will surely go and subscribe. Last time L&T Infotech IPO was not upto the mark. Market is not able to sustain as well so it will be mixed response.

L&T Technology already has higher in term of price band but still we can see some potentials as per its financial. In last 3 years company PAT gained from 6.2 crores to 434 crores. As per the listing investors might not get more but future looks good for the company. One can subscribe with long term view in this IPO.

L&T Technology IPO Subscription: (Fully Subscribed)

Day 1 0.28 0.02 0.19 0.18
Day 2 1.10 0.03 0.77 0.71
Day 3 5.01 1.03 1.74 2.52

L&T Technology IPO Detail:
  • IPO Open: Sep 12, 2016
  • IPO Close: Sep 15, 2016
  • IPO Size: Offer for Sale of 10,400,000 Equity Shares of Rs 2 aggregating up to Rs 2
  • Face Value: Rs 2 Per Equity Share 
  • Price Band: Rs. 850 - Rs. 860 
  • Listing on: BSE & NSE
L&T Technology IPO Market Lot:
  • Shares: Apply for 16 Shares (Minimum Lot Size)
  • Amount: Rs. 13760

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