L&T; Infotech Ltd's IPO is an offer for sale by its promoters. The IPO is for 17.5mn shares which will result in 10.3% dilution in promoter stake to 84.6%. At the price band of Rs705 to 710 the IPO size is Rs12.3bn to Rs12.4bn. Out of total offered shares upto 8.75mn shares are for QIBs, atleast 2.6mn shares for nonInstitutional investors and atleast 6.1 mn shares are under Retail category. L&T; Infotech is a mid-cap IT Services company with FY16 revenue of US$887mn...