GNA Axles IPO vs L&T Technology IPO

Comparision between GNA Axles IPO and L&T Technology IPO.

IPO Details

GNA Axles IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while L&T Technology IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	GNA Axles IPO	L&T Technology IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Ambit Private Limited Pnb Investment Services Ltd	Bofa Securities India Limited Jm Financial Limited Kotak Mahindra Capital Company Limited SBI Capital Markets Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
Market Maker
DRHP		DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of GNA Axles IPO is up to ₹130.41 Cr whereas the issue size of the L&T Technology IPO is up to ₹894.40 Cr. The final issue price of GNA Axles IPO is ₹207.00 per share and of L&T Technology IPO is ₹860.00 per share.

	GNA Axles IPO	L&T Technology IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹205.00 per share	₹850.00 per share
Issue Price (Upper)	₹207.00 per share	₹860.00 per share
Issue Price (Final)	₹207.00 per share	₹860.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	70 shares	16 shares
Fresh Issue Size	63,00,000 shares
Fresh Issue Size (Amount)
OFS Issue Size		1,04,00,000 shares
OFS Issue Size (Amount)
Issue Size Total	63,00,000 shares	1,04,00,000 shares
Issue Size Total (Amount)	up to ₹130.41 Cr	up to ₹894.40 Cr

IPO Timetable

GNA Axles IPO opens on Sep 14, 2016, while L&T Technology IPO opens on Sep 12, 2016. The closing date of GNA Axles IPO and L&T Technology IPO is Sep 16, 2016, and Sep 15, 2016, respectively.

	GNA Axles IPO	L&T Technology IPO
Anchor Bid Date
Issue Open	Sep 14, 2016	Sep 12, 2016
Issue Close	Sep 16, 2016	Sep 15, 2016
Basis Of Allotment (Tentative)	Sep 21, 2016	Sep 20, 2016
Initiation of Refunds (Tentative)	Sep 22, 2016	Sep 21, 2016
Credit of Share (Tentative)	Sep 23, 2016	Sep 22, 2016
Listing date (Tentative)	Sep 26, 2016	Sep 23, 2016
Anchor Lockin End date 1	Oct 21, 2016	Oct 20, 2016
Anchor Lockin End date 2	Dec 20, 2016	Dec 19, 2016

Financials

GNA Axles IPO P/E ratio is , as compared to L&T Technology IPO P/E ratio of .

GNA Axles IPO

L&T Technology IPO

Financial

Summary of financial Information
Particulars	For the year/period ended (in Rs. Million)
	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13	31-Mar-12
Total Assets	4,465.32	4,264.62	3,818.51	3,178.77	2,674.52
Total Revenue	5,089.43	4,306.44	4,042.48	3,490.51	3,986.66
Profit After Tax (PAT)	259.56	215.98	132.65	48.14	169.34

Summary of financial Information
Particulars	For the year/period ended (in Rs. Million)
	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	18,227.27	17,144.82	6,368.91	0.50
Total Revenue	29,694.04	25,856.22	1,222.00	-
Profit After Tax (PAT)	4,342.36	3,151.77	62.14	(0.03)

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the GNA Axles IPO retail investors (RII) are offered 21,35,000 shares while in L&T Technology IPO retail investors are offered 21,35,000 shares. Qualified institutional buyers (QIB) are offered 12,20,000 shares in GNA Axles IPO and 20,80,000 shares in L&T Technology IPO.

	GNA Axles IPO	L&T Technology IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	12,20,000 shares	20,80,000 shares
NII	9,15,000 shares	15,60,000 shares
RII	21,35,000 shares	36,40,000 shares
Employee	2,00,000 shares
Others
Total	44,70,000 shares	72,80,000 shares

Bids Received (Subscription)

GNA Axles IPO subscribed 54.88x in total, whereas L&T Technology IPO subscribed 2.52x.

	GNA Axles IPO	L&T Technology IPO
QIB (times)	17.18x	5.01x
NII (times)	217.47x	1.03x
Big NII (times)
Small NII (times)
RII (times)	11.84x	1.74x
Employee (times)	0.31x
Other (times)
Total (times)	54.88x	2.52x

Compare with others

GNA Axles IPO	L&T Technology IPO
Sheela Foam IPO	PNB Housing Finance IPO
PNB Housing Finance IPO	Varun Beverages IPO
Varun Beverages IPO	Endurance Technologies IPO
Endurance Technologies IPO	HPL Electric IPO
HPL Electric IPO	GNA Axles IPO
L&T Technology IPO	ICICI Prudential Life IPO
ICICI Prudential Life IPO	RBL Bank IPO
RBL Bank IPO	S P Apparels IPO
S P Apparels IPO	Dilip Buildcon IPO
Dilip Buildcon IPO	Advanced Enzyme IPO

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