L&T Infotech IPO Gets 1 Million Applications; Highest In 5 Years

New Delhi: L&T Infotech's Rs 1,243-crore IPO, which was oversubscribed nearly 12 times, attracted more than one million applications, the highest for any share sale offer in at least five years. Eliciting robust response, the qualified institutional buyers (QIBs) category witnessed 19.91 times over-subscription. The non-institutional investors segment was oversubscribed 10.76 times and retail investors' portion 7.39 times. L&T Inf...