Page 3 - L&t Technology Services

L&T Tech IPO subscribed 2.5 times

The 7.28-million share offering received bids for 18 million shares

L&T Tech's IPO subscribed 64%

The price band for the issue is Rs 850-860 per share

L&T Tech subscribed 18% on Day One

The Rs 890-crore initial public offering (IPO) of shares of L&T Technology Services was subscribed 18 per cent on day one. The retail (small investor) portion of the IPO was subscribed 19 per cent, while the institutional (big money) investor segment was covered 27 per cent, data provided by stock exchanges showed. The Larsen & Toubro group firm on Friday had raised Rs 268 crore from anchor investors (or underwriters) by allotting them 3.12 million shares at Rs 850 apiece. L&T Technology Services's initial public offering of shares will remain open till Thursday.

L&T Technology Services IPO: Should you subscribe?

Earlier in July, L&T Infotech had tapped the primary markets for funds. The stock listed 6% below the IPO price

IPO REVIEW: Consider L&T Tech Services for long term

Since its listing on July 21, the stock has not done well

L&T Tech raises Rs 268 cr from 13 anchor investors

The Rs 890-cr IPO will hit the market on Sept 12 and close on Sept 15

L&T Tech to start IPO process in 5 weeks

Promoters are planning to pare 10% of their stake in the company and eyeing a valuation of $1-1.5 billion