Dealers expect the L&T Infotech stock to post decent gains on listing debutL&T Infotech had fixed a price band of Rs. In August 2015, parent L&T named former Infosys Ltd veteran Sanjay Jalona as managing director and chief executive of L&T Infotech. L&T Infotech is the sixth-largest Indian IT services firm in terms of export revenue with 258 active clients. The IT unit of top engineering and construction firm Larsen and Toubro Ltd (L&T) saw its IPO get subscribed 11.67 times at 7.30pm, data from National Stock Exchange (NSE) showed. L&T Infotech had fixed a price band of Rs.705-710 per share for the offering, with a discount of Rs.10 per share for retail investors.

Source: Mint July 13, 2016 13:17 UTC