ICICI Prudential Life IPO vs L&T Technology IPO

Comparision between ICICI Prudential Life IPO and L&T Technology IPO.

IPO Details

ICICI Prudential Life IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while L&T Technology IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	ICICI Prudential Life IPO	L&T Technology 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 Deutsche Equities India Private Limited Edelweiss Financial Services Ltd Hsbc Securities & Capital Markets Pvt Ltd ICICI Securities Limited Iifl Securities Ltd Jm Financial Limited SBI Capital Markets Limited Ubs Securities India Private Limited	Bofa Securities India Limited Jm Financial Limited Kotak Mahindra Capital Company Limited SBI Capital Markets Limited
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
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 ICICI Prudential Life IPO is up to ₹6,056.79 Cr whereas the issue size of the L&T Technology IPO is up to ₹894.40 Cr. The final issue price of ICICI Prudential Life IPO is ₹334.00 per share and of L&T Technology IPO is ₹860.00 per share.

	ICICI Prudential Life IPO	L&T Technology IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹300.00 per share	₹850.00 per share
Issue Price (Upper)	₹334.00 per share	₹860.00 per share
Issue Price (Final)	₹334.00 per share	₹860.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	44 shares	16 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size	18,13,41,058 shares	1,04,00,000 shares
OFS Issue Size (Amount)
Issue Size Total	18,13,41,058 shares	1,04,00,000 shares
Issue Size Total (Amount)	up to ₹6,056.79 Cr	up to ₹894.40 Cr

IPO Timetable

ICICI Prudential Life IPO opens on Sep 19, 2016, while L&T Technology IPO opens on Sep 12, 2016. The closing date of ICICI Prudential Life IPO and L&T Technology IPO is Sep 21, 2016, and Sep 15, 2016, respectively.

	ICICI Prudential Life IPO	L&T Technology IPO
Anchor Bid Date
Issue Open	Sep 19, 2016	Sep 12, 2016
Issue Close	Sep 21, 2016	Sep 15, 2016
Basis Of Allotment (Tentative)	Sep 26, 2016	Sep 20, 2016
Initiation of Refunds (Tentative)	Sep 27, 2016	Sep 21, 2016
Credit of Share (Tentative)	Sep 28, 2016	Sep 22, 2016
Listing date (Tentative)	Sep 29, 2016	Sep 23, 2016
Anchor Lockin End date 1	Oct 26, 2016	Oct 20, 2016
Anchor Lockin End date 2	Dec 25, 2016	Dec 19, 2016

Financials

ICICI Prudential Life IPO P/E ratio is , as compared to L&T Technology IPO P/E ratio of .

ICICI Prudential Life IPO

L&T Technology 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	31-Mar-12
Total Assets	1,025,637.0	990,573.2	801,027.5	740,839.2	716,880.0
Total Revenue	18,122.4	16,775.5	16,607.1	21,910.5	18,244.6
Profit After Tax (PAT)	16,527.2	16,403.5	15,613.5	15,154.1	13,856.9

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)

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the ICICI Prudential Life IPO retail investors (RII) are offered 5,71,22,434 shares while in L&T Technology IPO retail investors are offered 5,71,22,434 shares. Qualified institutional buyers (QIB) are offered 3,26,41,391 shares in ICICI Prudential Life IPO and 20,80,000 shares in L&T Technology IPO.

	ICICI Prudential Life IPO	L&T Technology IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	3,26,41,391 shares	20,80,000 shares
NII	2,44,81,043 shares	15,60,000 shares
RII	5,71,22,434 shares	36,40,000 shares
Employee
Others
Total	13,23,78,973 shares	72,80,000 shares

Bids Received (Subscription)

ICICI Prudential Life IPO subscribed 10.48x in total, whereas L&T Technology IPO subscribed 2.52x.

	ICICI Prudential Life IPO	L&T Technology IPO
QIB (times)	11.83x	5.01x
NII (times)	28.55x	1.03x
Big NII (times)
Small NII (times)
RII (times)	1.42x	1.74x
Employee (times)
Other (times)	12.20x
Total (times)	10.48x	2.52x

Compare with others

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

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