Brokerage firms, have largely been upbeat on the prospects of L&T Infotech IPO, as the pricing leaves enough money on the table for investors. The unit of Larsen and Toubro Ltd (L&T) saw its IPO subscribed 3.58 times at 5pm on Tuesday, data from NSE showed. “The interest in grey market for L&T Infotech is not very high, as traders suffered in the Quess Corp IPO. L&T Infotech’s Rs.1,234 crore IPO was subscribed more than three times on the second day, joining recent successes in the primary marketL&T Infotech has fixed a price band of Rs. Mumbai: L&T Infotech Ltd’s Rs.1,234 crore initial public offering (IPO) was subscribed more than three times on the second day, joining recent successes in the primary market such as Quess Corp Ltd and Mahanagar Gas Ltd.

Source: Mint July 12, 2016 13:18 UTC