Comparison between L&T Finance Holdings IPO and SRS IPO.
L&T Finance Holdings IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while SRS IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of L&T Finance Holdings IPO is up to ₹1,245.00 Cr whereas the issue size of the SRS IPO is up to ₹203.00 Cr. The final issue price of L&T Finance Holdings IPO is ₹52.00 per share and of SRS IPO is ₹58.00 per share.
| L&T Finance Holdings IPO | SRS IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹51.00 per share | ₹58.00 per share |
| Issue Price (Upper) | ₹59.00 per share | ₹65.00 per share |
| Issue Price (Final) | ₹52.00 per share | ₹58.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹2.00 per share | |
| Market Lot Size | 100 shares | 100 shares |
| Fresh Issue Size | 23,77,05,361 shares | 3,50,00,004 shares |
| Fresh Issue Size (Amount) | up to ₹1,245.00 Cr | up to ₹203.00 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 | 3,50,00,004 shares |
| Issue Size Total (Amount) | up to ₹1,245.00 Cr | up to ₹203.00 Cr |
L&T Finance Holdings IPO opens on Jul 27, 2011, while SRS IPO opens on Aug 23, 2011. The closing date of L&T Finance Holdings IPO and SRS IPO is Jul 29, 2011, and Aug 26, 2011, respectively.
| L&T Finance Holdings IPO | SRS IPO | |
|---|---|---|
| Anchor Bid Date | Jul 26, 2011 | |
| Issue Open | Jul 27, 2011 | Aug 23, 2011 |
| Issue Close | Jul 29, 2011 | Aug 26, 2011 |
| Basis Of Allotment (Tentative) | ||
| Initiation of Refunds (Tentative) | ||
| Credit of Share (Tentative) | ||
| Listing date (Tentative) | Aug 12, 2011 | Sep 16, 2011 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
L&T Finance Holdings IPO P/E ratio is , as compared to SRS IPO P/E ratio of .
| L&T Finance Holdings IPO | SRS IPO | |||||
|---|---|---|---|---|---|---|
| Financials | Company Financials ()
| Company Financials ()
| ||||
| Promoter Shareholding (Pre-Issue) | 95.94 | 98.89 | ||||
| Promoter Shareholding (Post-Issue) | 82.64 | 74.04 | ||||
| P/E Ratio | ||||||
| Market Cap | ₹8916.59 Cr. | ₹807.89 Cr. | ||||
| ROE | ||||||
| ROCE | 13.6 | |||||
| Debt/Equity | ||||||
| EPS | ||||||
| RoNW | 13.58 | 11.9 |
In the L&T Finance Holdings IPO Retail Individual Investors (RII) are offered 7,16,19,953 shares while in SRS 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 1,75,00,000 shares in SRS IPO.
| L&T Finance Holdings IPO | SRS IPO | |
|---|---|---|
| Anchor Investor Reservation | 2,73,30,300 shares | |
| Market Maker Reservation | 0 shares | |
| QIB | 7,49,83,920 shares | 1,75,00,000 shares |
| NII | 3,06,94,265 shares | 52,50,000 shares |
| RII | 7,16,19,953 shares | 1,22,50,000 shares |
| Employee | 1,00,00,000 shares | |
| Others | ||
| Total | 23,77,05,361 shares | 3,50,00,000 shares |
L&T Finance Holdings IPO subscribed 5.33x in total, whereas SRS IPO subscribed 1.25x.
| L&T Finance Holdings IPO | SRS IPO | |
|---|---|---|
| QIB (times) | 1.93x | 0.75x |
| NII (times) | 6.18x | 5.11x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 9.61x | 0.32x |
| Employee (times) | 1.53x | |
| Other (times) | 3.35x | |
| Total (times) | 5.33x | 1.25x |
