L&T Technology IPO vs PNB Housing Finance IPO

Comparision between L&T Technology IPO and PNB Housing Finance IPO.

IPO Details

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

	L&T Technology IPO	PNB Housing Finance 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	Bofa Securities India Limited Jm Financial Limited Kotak Mahindra Capital Company Limited SBI Capital Markets Limited	Bofa Securities India Limited J.P. Morgan India Private Limited Jm Financial Limited Jm Morgan Stanley Private Limited Kotak Mahindra Capital Company Limited
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
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 L&T Technology IPO is up to ₹894.40 Cr whereas the issue size of the PNB Housing Finance IPO is up to ₹3,000.75 Cr. The final issue price of L&T Technology IPO is ₹860.00 per share and of PNB Housing Finance IPO is ₹775.00 per share.

	L&T Technology IPO	PNB Housing Finance IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹850.00 per share	₹750.00 per share
Issue Price (Upper)	₹860.00 per share	₹775.00 per share
Issue Price (Final)	₹860.00 per share	₹775.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	16 shares	19 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size	1,04,00,000 shares
OFS Issue Size (Amount)
Issue Size Total	1,04,00,000 shares	3,87,19,309 shares
Issue Size Total (Amount)	up to ₹894.40 Cr	up to ₹3,000.75 Cr

IPO Timetable

L&T Technology IPO opens on Sep 12, 2016, while PNB Housing Finance IPO opens on Oct 25, 2016. The closing date of L&T Technology IPO and PNB Housing Finance IPO is Sep 15, 2016, and Oct 27, 2016, respectively.

	L&T Technology IPO	PNB Housing Finance IPO
Anchor Bid Date
Issue Open	Sep 12, 2016	Oct 25, 2016
Issue Close	Sep 15, 2016	Oct 27, 2016
Basis Of Allotment (Tentative)	Sep 20, 2016
Initiation of Refunds (Tentative)	Sep 21, 2016
Credit of Share (Tentative)	Sep 22, 2016
Listing date (Tentative)	Sep 23, 2016
Anchor Lockin End date 1	Oct 20, 2016
Anchor Lockin End date 2	Dec 19, 2016

Financials

L&T Technology IPO P/E ratio is , as compared to PNB Housing Finance IPO P/E ratio of .

L&T Technology IPO

PNB Housing Finance 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
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)

Summary of financial Information
Particulars	For the year/period ended (in Rs. Million)
	As at 30-Jun-16	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13	31-Mar-12
Total Assets	346,816.49	296,724.99	190,352.37	115,395.76	76,550.74	44,362.56
Total Revenue	8,634.36	26,995.43	17,803.83	11,203.22	6,663.02	4,610.00
Profit After Tax (PAT)	960.28	3,275.66	1,940.70	1,296.97	928.20	774.46

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the L&T Technology IPO retail investors (RII) are offered 36,40,000 shares while in PNB Housing Finance IPO retail investors are offered 36,40,000 shares. Qualified institutional buyers (QIB) are offered 20,80,000 shares in L&T Technology IPO and 79,52,500 shares in PNB Housing Finance IPO.

	L&T Technology IPO	PNB Housing Finance IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	20,80,000 shares	79,52,500 shares
NII	15,60,000 shares	59,62,500 shares
RII	36,40,000 shares	1,39,12,500 shares
Employee		2,50,000 shares
Others
Total	72,80,000 shares	2,80,77,500 shares

Bids Received (Subscription)

L&T Technology IPO subscribed 2.52x in total, whereas PNB Housing Finance IPO subscribed 29.53x.

	L&T Technology IPO	PNB Housing Finance IPO
QIB (times)	5.01x	37.33x
NII (times)	1.03x	86.17x
Big NII (times)
Small NII (times)
RII (times)	1.74x	1.32x
Employee (times)		0.46x
Other (times)
Total (times)	2.52x	29.53x

Compare with others

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

Comments

Add a public comment...