L&T Technology IPO vs S P Apparels IPO

Comparision between L&T Technology IPO and S P Apparels IPO.

IPO Details

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

	L&T Technology IPO	S P Apparels 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	Centrum Capital Limited Motilal Oswal Investment Advisors 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 S P Apparels IPO is up to ₹239.12 Cr. The final issue price of L&T Technology IPO is ₹860.00 per share and of S P Apparels IPO is ₹268.00 per share.

	L&T Technology IPO	S P Apparels IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹850.00 per share	₹258.00 per share
Issue Price (Upper)	₹860.00 per share	₹268.00 per share
Issue Price (Final)	₹860.00 per share	₹268.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	16 shares	55 shares
Fresh Issue Size		80,22,388 shares
Fresh Issue Size (Amount)		up to ₹215.00 Cr
OFS Issue Size	1,04,00,000 shares	9,00,000 shares
OFS Issue Size (Amount)
Issue Size Total	1,04,00,000 shares	89,22,388 shares
Issue Size Total (Amount)	up to ₹894.40 Cr	up to ₹239.12 Cr

IPO Timetable

L&T Technology IPO opens on Sep 12, 2016, while S P Apparels IPO opens on Aug 02, 2016. The closing date of L&T Technology IPO and S P Apparels IPO is Sep 15, 2016, and Aug 04, 2016, respectively.

	L&T Technology IPO	S P Apparels IPO
Anchor Bid Date
Issue Open	Sep 12, 2016	Aug 02, 2016
Issue Close	Sep 15, 2016	Aug 04, 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 S P Apparels IPO P/E ratio of .

L&T Technology IPO

S P Apparels 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)
	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13	31-Mar-12
Total Assets	5,780.43	5,304.11	5,370.35	5,402.47	5,505.56
Total Revenue	5,417.43	4,824.71	4,533.30	4,300.49	4,025.16
Profit After Tax (PAT)	373.58	109.17	71.51	31.41	118.32

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 S P Apparels 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 19,39,905 shares in S P Apparels IPO.

	L&T Technology IPO	S P Apparels IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	20,80,000 shares	19,39,905 shares
NII	15,60,000 shares	13,85,010 shares
RII	36,40,000 shares	32,31,690 shares
Employee
Others
Total	72,80,000 shares	65,56,605 shares

Bids Received (Subscription)

L&T Technology IPO subscribed 2.52x in total, whereas S P Apparels IPO subscribed 2.66x.

	L&T Technology IPO	S P Apparels IPO
QIB (times)	5.01x	2.21x
NII (times)	1.03x	5.10x
Big NII (times)
Small NII (times)
RII (times)	1.74x	1.90x
Employee (times)
Other (times)
Total (times)	2.52x	2.66x

Compare with others

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

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