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Larsen & Toubro Infotech Ltd. |
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| Issue Open Date | 11-Jul-16 | Price Band (Rs.) | 705 – 710 |
| Issue Closing Date | 13-Jul-16 | Minimum Bid Quantity. | 20 |
| Application Money | 100 | Issue Size (Shares) | 17500000 |
| Allotment Money | Market Lot | 1 | |
| Objective : | |||
| The objects of the Offer are to achieve the benefits of listing the Equity Shares on the Stock Exchanges and to carry out the sale of up to 17,500,000 Equity Shares by the Selling Shareholder. The listing of the Equity Shares will enhance our brand name and provide liquidity to the existing shareholders. |
Business Description :
We are one of India’s global IT services and solutions companies. In 2014, NASSCOM ranked us as the sixth largest Indian IT services company in terms of export revenues. Our clients comprise some of the world’s largest and well-known organisations, including 41 of the Fortune Global 500 companies. We offer an extensive range of IT services to our clients in diverse industries such as banking and financial services, insurance, energy and process, consumer packaged goods, retail and pharmaceuticals, media and entertainment, hi-tech and consumer electronics and automotive and aerospace. Our range of services include application development, maintenance and outsourcing, enterprise solutions, infrastructure management services, testing, digital solutions and platform-based solutions. We serve our clients across these industries, leveraging our domain expertise, diverse technological capabilities, wide geographical reach, an efficient global delivery model, thought partnership and “new age” digital offerings. We were incorporated in 1996 and are headquartered in Mumbai, India. We leverage the strengths and heritage of our Promoter, Larsen & Toubro Limited, a leading Indian conglomerate in engineering, construction ,manufacturing, finance and technology. The L&T group provides us with access to professionals with deep industry knowledge in the sectors in which we do business. We have also inherited from the L&T group it’s corporate and business culture and corporate governance practices, which in our view places us in good stead in relation to our business. In addition, we benefit from our “Business-to-IT Connect” model, which we derive from the commonality of business verticals with our Promoter. Our growth has been marked by significant expansion of business verticals and geographies in which we do business. Besides India, we provide services globally and the percentage of our revenue from continuing operations from North America, Europe, Asia Pacific and the rest of the world amounted to to 68.6%, 17.9%,2.4% and 6.9%, respectively. As of June 30, 2015, we had 22 Delivery Centers and 42 sales offices globally .As part of a business restructuring exercise conducted by our Promoter, all engineering services businesses of our Promoter have been consolidated under a separate subsidiary of our Promoter, LTTSL. As part of this restructuring, on January 1, 2014, we sold and transferred the assets and liabilities of our PES Business to LTTSL. Our PES Business was responsible for the operations of our telecom cluster, providing IT services and solutions to our clients in the telecommunication sector.
Lead Managers :
Barclays Bank PLC
Citigroup Global Markets India Pvt Ltd.
ICICI Securities Ltd
Kotak Mahindra Capital Co Ltd
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