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L&T Infotech to launch ₹1,243-cr IPO on July 11
NEW DELHI: L&T Infotech will hit the market on July 11 with its initial public offering (IPO), which can fetch up to ₹1,243 crore. The price band for the offer,
Published on: Jun 30, 2016, 06:22:05 IST
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NEW DELHI: L&T Infotech will hit the market on July 11 with its initial public offering (IPO), which can fetch up to ₹1,243 crore. The price band for the offer, entailing sale of 17.5 million shares, has been fixed at ₹705-710 per share. The offer would be open for subscription to the public from July 11 to July 13. At the upper end of the price band, the offer would be worth ₹1,243.50 crore. The red herring prospectus for the IPO, filed with the Registrar of Companies, Maharashtra, was approved on June 28, according to a regulatory filing. Retail individual investors would get a discount of ₹10 on the price fixed. In May, the company received Sebi nod for the initial share sale.
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