Comments
L&T Infotech’s debut public offer will be open from July 11-13 and the price band has been fixed at ₹705-710, parent company L&T said in an exchange filing on Wednesday.
The company will offer ₹10 as discount to retail investors, it added. The IPO, entirely an offer-for-sale by the parent L&T, will rake in over ₹1,233 crore at the lower end of the price band. The company is placing 1.75 crore equity shares on the block, at a face value of ₹1 a share.
Citigroup Global Markets, Kotak Mahindra Capital and ICICI Securities are the bankers to the issue. The red herring prospectus filed by L&T Infotech with the Registrar of Companies, Maharashtra, was approved on June 28.
SME public issues Meanwhile, public issues of four companies — Advance Syntex, Titanium Ten Enterprise, Commercial Syn Bags and Kwality Pharmaceuticals — will open for subscription on the BSE-SME platform on Thursday.
Put together, these firms are looking to raise about ₹19 crore through the issues, with Commercial Syn Bags aiming for ₹7.6 crore and Kwality Pharmaceuticals ₹6.21 crore.
As many as 173 firms have filed their draft red herring prospectuses with the BSE to list on its SME platform, so far. Of these, 140 companies have been listed and 33 are in different stages of the listing process.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.