L&T Infotech makes tepid stock market debut today

By: |
Updated: July 21, 2016 3:46:52 PM

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.

BSE Sensex NSE Nifty larsen toubro infotechLarsen & 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.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.