Comparison between L&T Finance Holdings IPO and Readymade Steel IPO.
L&T Finance Holdings IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Readymade Steel IPO is a Mainboard Bookbuilding proposed to list at BSE.
The total issue size of L&T Finance Holdings IPO is up to ₹1,245.00 Cr whereas the issue size of the Readymade Steel IPO is up to ₹34.75 Cr. The final issue price of L&T Finance Holdings IPO is ₹52.00 per share and of Readymade Steel IPO is ₹108.00 per share.
| L&T Finance Holdings IPO | Readymade Steel IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹51.00 per share | ₹90.00 per share |
| Issue Price (Upper) | ₹59.00 per share | ₹108.00 per share |
| Issue Price (Final) | ₹52.00 per share | ₹108.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹2.00 per share | |
| Market Lot Size | 100 shares | 60 shares |
| Fresh Issue Size | 23,77,05,361 shares | 32,17,153 shares |
| Fresh Issue Size (Amount) | up to ₹1,245.00 Cr | up to ₹34.75 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 23,77,05,361 shares | 32,17,153 shares |
| Issue Size Total (Amount) | up to ₹1,245.00 Cr | up to ₹34.75 Cr |
L&T Finance Holdings IPO opens on Jul 27, 2011, while Readymade Steel IPO opens on Jun 27, 2011. The closing date of L&T Finance Holdings IPO and Readymade Steel IPO is Jul 29, 2011, and Jun 29, 2011, respectively.
| L&T Finance Holdings IPO | Readymade Steel IPO | |
|---|---|---|
| Anchor Bid Date | Jul 26, 2011 | |
| Issue Open | Jul 27, 2011 | Jun 27, 2011 |
| Issue Close | Jul 29, 2011 | Jun 29, 2011 |
| Basis Of Allotment (Tentative) | ||
| Initiation of Refunds (Tentative) | ||
| Credit of Share (Tentative) | ||
| Listing date (Tentative) | Aug 12, 2011 | Jul 13, 2011 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
L&T Finance Holdings IPO P/E ratio is , as compared to Readymade Steel IPO P/E ratio of .
| L&T Finance Holdings IPO | Readymade Steel IPO | |||||
|---|---|---|---|---|---|---|
| Financials | Company Financials ()
| Company Financials ()
| ||||
| Promoter Shareholding (Pre-Issue) | 95.94 | 88.83 | ||||
| Promoter Shareholding (Post-Issue) | 82.64 | 64.44 | ||||
| P/E Ratio | ||||||
| Market Cap | ₹8916.59 Cr. | ₹126.56 Cr. | ||||
| ROE | ||||||
| ROCE | ||||||
| Debt/Equity | ||||||
| EPS | ||||||
| RoNW | 13.58 | 5.14 |
In the L&T Finance Holdings IPO Retail Individual Investors (RII) are offered 7,16,19,953 shares while in Readymade Steel IPO retail investors are offered 7,16,19,953 shares. Qualified Institutional Buyers (QIB) are offered 7,49,83,920 shares in L&T Finance Holdings IPO and 16,08,576 shares in Readymade Steel IPO.
| L&T Finance Holdings IPO | Readymade Steel IPO | |
|---|---|---|
| Anchor Investor Reservation | 2,73,30,300 shares | |
| Market Maker Reservation | 0 shares | |
| QIB | 7,49,83,920 shares | 16,08,576 shares |
| NII | 3,06,94,265 shares | 4,82,573 shares |
| RII | 7,16,19,953 shares | 11,26,004 shares |
| Employee | 1,00,00,000 shares | |
| Others | ||
| Total | 23,77,05,361 shares | 32,17,153 shares |
L&T Finance Holdings IPO subscribed 5.33x in total, whereas Readymade Steel IPO subscribed 1.68x.
| L&T Finance Holdings IPO | Readymade Steel IPO | |
|---|---|---|
| QIB (times) | 1.93x | 0.03x |
| NII (times) | 6.18x | 1.37x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 9.61x | 4.18x |
| Employee (times) | 1.53x | |
| Other (times) | 3.35x | |
| Total (times) | 5.33x | 1.68x |
