Incorporated in 2012, L&T Technology Services Ltd is
Mumbai India based third-party ER&D (Engineering, Research and Development)
service provider . L&T Tech provide services to manufacturing, technology
and process engineering companies to help them develop and build products,
processes and infrastructure required to deliver products and services to their
end customers.
L&T Tech derive 80.2% of its revenues from customers in
North America and Europe. The majority of its work is executed by employees
based out of delivery centers in India using an offshore delivery model. This
gives L&T Tech a competitive advantage in terms of talent pool availability
and lower costs compared to it US and European competitors. Company have 12
global delivery centers in India and overseas, 27 sales offices in India, North
America, Europe, the Middle East and Asia and 31 labs in India. Company have
8,000 engineers serving over 200 customers.
L&T Tech operate in five industry segments;
transportation, industrial products, telecom and hi-tech, process industry and
medical devices. Company offer design and development solutions throughout the
product development chain and provide solutions in the areas of mechanical and
manufacturing engineering, embedded systems, software engineering and process
engineering.
The ER&D services help customers reduce time-to-market
for their end products and services, innovate to create new products and
solutions, reduce cost of development and meet increasing regulatory
requirements more effectively. Company have filed 34 proprietary patents and
134 patents have been filed by its customers along with its employees.
L&T Tech leverage the strengths of its parent company,
L&T, a leading Indian conglomerate in technology, engineering,
construction, manufacturing and finance, which has provided the company with a
broad engineering and design heritage.
Company Promoters:
The Promoter of Company is L&T
Company Financials:
Summary of Financial Information
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Particulars
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For
the year/period ended (in Rs. Million)
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31-Mar-16
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31-Mar-15
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31-Mar-14
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31-Mar-13
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Total
Assets
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18,227.27
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17,144.82
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6,368.91
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0.50
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Total
Revenue
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29,694.04
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25,856.22
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1,222.00
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-
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Profit
After Tax (PAT)
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4,342.36
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3,151.77
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62.14
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(0.03)
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Objects of the Issue:
The objects of the Offer are
1. To achieve the benefits of listing the Equity Shares on the Stock Exchanges
and
2. To carry out the sale of up to 10,400,000 Equity Shares by the Selling
Shareholder.
Issue Detail:
»» Issue Open: Sep 12, 2016 - Sep 15, 2016
»» Issue Type: Book Built Issue IPO
»» Issue Size:
› Offer for Sale of 10,400,000 Equity Shares
of Rs 2 aggregating up to Rs [.] Cr
»» Face Value: Rs 2 Per Equity Share
»» Issue Price: Rs. 850 - Rs. 860 Per Equity Share
»» Market Lot: 16 Shares
»» Minimum Order Quantity: 16 Shares
»» Listing At: BSE, NSE
