L&T Infotech Lists at 6% Discount
L&T Infotech started its journey at the exchange with a fall of 6 per cent from its issue price of Rs 710.00. The stock was listed at Rs 667.00 per share. The much-awaited IPO had attracted more than one million applications, the highest for any share sale that has been offered in the past five years. L&T Infotech launched in a fixed a price band of Rs 705.00–710.00 per share for the offering. The market analysts were upbeat on the issue and recommend they subscribing it on reasonable valuation.
L&T Infotech is the Country’s seventh largest IT services firm by revenue and draws a major chunk of its revenue from the sectors like Banking, Financial Services and Insurance (BFSI, 47 per cent — 26.3 per cent BFS, 20.7 per cent insurance). This share is followed by energy & process (12.7 per cent), CPG, retail and pharma (9.3 per cent), automotive and aerospace (6.8 per cent), media and entertainment (6.2 per cent) and hi-tech & consumer electronics (5.2 per cent). Digital services accounted for 11.1 per cent of revenue in FY16. L&T Infotech’s sales and profit have grown at a CAGR of 13.50 per cent and 18.20 per cent respectively through FY 14–16.
The First Day in the Market
L&T Infotech share price is currently trading at Rs 707.95 a piece, up by 6.14 per cent on NSE. So far this CMP is its daily high. The intraday low so far is Rs 666.00. The total traded volume on the exchange so far is 73,82,674 and the total traded value is Rs 51,336.90 lacs. The share was issue at a face value of Re 1.
The Company at a Glance
Industries
- Automotive and Aerospace
- Banking and Financial Services
- Consumer Packaged Goods
- Energy
- Life Sciences
- Media and Entertainment
- Plant Equipment and Industrial Machinery
- Process Manufacturing
- Retail
- Travel and Logistics
- Utilities
- Engineering and Construction
- Healthcare
- Hi-Tech and Consumer Electronics
- Insurance
Services
- Analytics and Information Management
- Applications Management
- Cloud Computing
- Manufacturing Execution Systems
- Maximo
- Microsoft Dynamics
- Open Source Technologies
- Oracle
- Salesforce
- SAP
- Smart Devices and Channels
- System Integration
- Testing
- Consulting
- Enterprise Integration
- Geographical Information System (GIS)
- Infrastructure Management
- Internet of Things
Industries
- Automotive and Aerospace
- Banking and Financial Services
- Consumer Packaged Goods
- Energy
- Engineering and Construction
- Healthcare
- Hi-Tech and Consumer Electronics
- Insurance
- Life Sciences
- Media and Entertainment
- Plant Equipment and Industrial Machinery
- Process Manufacturing
- Retail
- Travel and Logistics
- Utilities
L&T Infotech is a global provider of IT services and solutions. The Company provides the winning edge to its clients by leveraging our Business-to-IT Connect and Deeply Committed People. Larsen & Toubro Ltd. (L&T) which is a technology, engineering, manufacturing as well as construction conglomerate is the parent Company of L&T Infotech.
Originally published at www.dynamiclevels.com on July 21, 2016.
