Laxmi Organic IPO vs Lodha Developers IPO

Comparision between Laxmi Organic IPO and Lodha Developers IPO.

IPO Details

Laxmi Organic IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Lodha Developers IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Laxmi Organic IPO	Lodha Developers 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	Axis Capital Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)	Axis Capital Limited Bob Capital Markets Limited Edelweiss Financial Services Ltd ICICI Securities Limited Iifl Securities Ltd J.P. Morgan India Private Limited Jm Financial Limited Kotak Mahindra Capital Company Limited SBI Capital Markets Limited Yes Securities (India) Limited
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
DRHP	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 Laxmi Organic IPO is up to ₹600.00 Cr whereas the issue size of the Lodha Developers IPO is up to ₹2,500.00 Cr. The final issue price of Laxmi Organic IPO is ₹130.00 per share and of Lodha Developers IPO is ₹486.00 per share.

	Laxmi Organic IPO	Lodha Developers IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹129.00 per share	₹483.00 per share
Issue Price (Upper)	₹130.00 per share	₹486.00 per share
Issue Price (Final)	₹130.00 per share	₹486.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	115 shares	30 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹300.00 Cr
OFS Issue Size
OFS Issue Size (Amount)	up to ₹300.00 Cr
Issue Size Total		5,14,40,328 shares
Issue Size Total (Amount)	up to ₹600.00 Cr	up to ₹2,500.00 Cr

IPO Timetable

Laxmi Organic IPO opens on Mar 15, 2021, while Lodha Developers IPO opens on Apr 07, 2021. The closing date of Laxmi Organic IPO and Lodha Developers IPO is Mar 17, 2021, and Apr 09, 2021, respectively.

	Laxmi Organic IPO	Lodha Developers IPO
Anchor Bid Date
Issue Open	Mar 15, 2021	Apr 07, 2021
Issue Close	Mar 17, 2021	Apr 09, 2021
Basis Of Allotment (Tentative)	Mar 22, 2021	Apr 16, 2021
Initiation of Refunds (Tentative)	Mar 23, 2021	Apr 19, 2021
Credit of Share (Tentative)	Mar 24, 2021	Apr 20, 2021
Listing date (Tentative)	Mar 25, 2021	Apr 19, 2021
Anchor Lockin End date 1	Apr 21, 2021	May 16, 2021
Anchor Lockin End date 2	Jun 20, 2021	Jul 15, 2021

Financials

Laxmi Organic IPO P/E ratio is , as compared to Lodha Developers IPO P/E ratio of .

Laxmi Organic IPO

Lodha Developers IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in millions)
	30-Sep-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	10,371.32	10,706.33	10,144.88	8,947.34
Total Revenue	8,143.55	15,386.21	15,743.23	13,960.75
Profit After Tax	454.84	702.12	723.91	756.95

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in millions)
	31-Dec-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	4,05,946.16	4,06,925.56	4,98,639.40	4,78,112.76
Total Revenue	31,604.85	1,25,609.85	1,19,788.67	1,37,265.69
Profit After Tax	(2,643.02)	7,448.36	16,439.77	17,893.90

Promoter Shareholding (Pre-Issue)

89.51%

100%

Promoter Shareholding (Post-Issue)

72.92%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Laxmi Organic IPO retail investors (RII) are offered 1,62,79,070 shares while in Lodha Developers IPO retail investors are offered 1,62,79,070 shares. Qualified institutional buyers (QIB) are offered 93,02,324 shares in Laxmi Organic IPO and 1,02,27,742 shares in Lodha Developers IPO.

	Laxmi Organic IPO	Lodha Developers IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	93,02,324 shares	1,02,27,742 shares
NII	69,76,744 shares	76,70,808 shares
RII	1,62,79,070 shares	1,78,98,551 shares
Employee	0 shares	6,21,118 shares
Others
Total	3,25,58,138 shares	3,64,18,219 shares

Bids Received (Subscription)

Laxmi Organic IPO subscribed 106.81x in total, whereas Lodha Developers IPO subscribed 1.36x.

	Laxmi Organic IPO	Lodha Developers IPO
QIB (times)	175.43x	3.05x
NII (times)	217.62x	1.44x
Big NII (times)
Small NII (times)
RII (times)	20.10x	0.40x
Employee (times)		0.17x
Other (times)
Total (times)	106.81x	1.36x

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