L&T Infotech Ltd IPO Message Board (Page 60)

Even though on the Valuation front the IPO is is okay ... but the market is not happy with the senior management''s attitude

Also, the question of why 1,500 campus placement offer letters were withdrawn remains unanswered ...

see these links ..
http://www.dnaindia.com/money/report-lt-infotech-withdraws-1500-offer-letters-students-left-in-lurch-2218011

http://timesofindia.indiatimes.com/business/india-business/LT-Infotech-withdraws-offer-letters/articleshow/52511974.cms

http://www.newindianexpress.com/states/tamil_nadu/LT-Infotech-adds-to-gloom-withdraws-job-offer-to-1000-students/2016/05/31/article3459132.ece

As i said earlier they have left some thing on the table so listing will be moderate plus Diis and Fiis r now flashed with Cash if u look at recent numbers the amount money coming in debt MF is huge what we call hot money so all this big up tick is bcoz of this hot money so correction will be on cards.

other reason to apply is AM naik wants this to be success bcoz he has few more subsidiary lined for IPO if this is failure it will be big issue.

I am not betting big IMO GMP will fall in coming days Imo it will give 5% to 15% return which is not that bad will not expect big.

I should apply single lot IMO even i u avoid it does not matter much chance of listing in discount is possible given how market has reacted to bad news in IT.

Also u need to take this in to consideration they have down size the issue from 2500 cr to 2000cr to 1400 cr to 1200 cr approx so the have halved selling price

so at least on that front we have praise the l& T management

Given the IT sector fair value is around 750 to RII will again at least Rs1000 or more IMO

Apply however discount listing is possible however it will not be that bad as other recent listing

Septa ji
This issue will be a Par issue. Moreover its better to sell then move ahead.