1. L&T Infotech makes tepid stock market debut today

L&T Infotech makes tepid stock market debut today

Larsen & Toubro Infotech shares made a tepid debut on BSE and NSE on Thursday. The scrip listed at Rs 666.60, down 6.11 per cent, against the issue price of Rs 710.

By: | Updated: July 21, 2016 3:46 PM
BSE Sensex NSE Nifty larsen toubro infotech Larsen & Toubro Infotech shares made a soft debut on BSE and NSE on Thursday. The scrip listed at Rs 666.60, down 6.11 per cent, against the issue price of Rs 710. (Reuters)

Larsen & Toubro Infotech shares made a tepid debut on BSE and NSE on Thursday. The scrip listed at Rs 666.60 on BSE, down 6.11 per cent, against the issue price of Rs 710. On NSE, L&T Infotech shares listed at Rs 667.

At 1.22 pm, shares of the company were trading at Rs 701.75 on NSE. The IT company, promoted by Larsen & Toubro, had offered a discount of Rs 10 per share on the issue price to the retail investors.

The public offer of L&T Infotech got overwhelming response from investors as it was oversubscribed by 11.69 times. The issue was open for subscription between July 11-13.

Later, shares of the company on NSE closed at Rs 696.25, down 1.83 per cent, against the issue price.

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