L&T Technology Services Ltd.

L&T Technology Services debuted at Rs 900 on the BSE, up by 40 points or 4.65% from its issue price of Rs 860.

The scrip is currently trading at Rs 893.35, up by 33.35 points or 3.88% from its issue price. It has touched a high and low of Rs 931.00 and Rs 886.95 respectively. So far 10,09,000 shares were traded on the counter.

The offering, which was open for subscription between September 12 and September 15, was subscribed 2.52 times. The issue price was fixed at Rs 860 per share i.e. at upper end of price band of Rs 850-860 apiece.

L&T Technology Services is Mumbai based third-party ER&D (Engineering, Research and Development) service provider. The company provides services to manufacturing, technology and process engineering companies to help them develop and build products, processes and infrastructure required to deliver products and services to their end customers.