Inventure Securities IPO vs L&T Finance IPO

Comparision between Inventure Securities IPO and L&T Finance IPO.

IPO Details

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

	Inventure Securities IPO	L&T 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	Intensive Fiscal Services Private Limited	Citigroup Global Markets India Private Limited Hsbc Securities & Capital Markets Pvt Ltd Jm Financial Limited
Registrar	Link Intime India Private Ltd	Sharepro Services Private 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 Inventure Securities IPO is up to ₹81.90 Cr whereas the issue size of the L&T Finance IPO is up to ₹1,245.00 Cr. The final issue price of Inventure Securities IPO is ₹117.00 per share and of L&T Finance IPO is ₹52.00 per share.

	Inventure Securities IPO	L&T Finance IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹100.00 per share	₹51.00 per share
Issue Price (Upper)	₹117.00 per share	₹59.00 per share
Issue Price (Final)	₹117.00 per share	₹52.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	50 shares	100 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	70,00,000 shares
Issue Size Total (Amount)	up to ₹81.90 Cr	up to ₹1,245.00 Cr

IPO Timetable

Inventure Securities IPO opens on Jul 20, 2011, while L&T Finance IPO opens on Jul 27, 2011. The closing date of Inventure Securities IPO and L&T Finance IPO is Jul 22, 2011, and Jul 29, 2011, respectively.

	Inventure Securities IPO	L&T Finance IPO
Anchor Bid Date
Issue Open	Jul 20, 2011	Jul 27, 2011
Issue Close	Jul 22, 2011	Jul 29, 2011
Basis Of Allotment (Tentative)
Initiation of Refunds (Tentative)
Credit of Share (Tentative)
Listing date (Tentative)
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Inventure Securities IPO P/E ratio is , as compared to L&T Finance IPO P/E ratio of .

Inventure Securities IPO

L&T Finance IPO

Financial

Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08	31-Mar-07
Total Income	3,495.87	3,969.80	2,435.21	4,691.68	3,026.05
Profit After Tax (PAT)	553.89	1,010.35	284.50	1,645.97	1,105.22

Promoter Shareholding (Pre-Issue)

72.02%

95.94%

Promoter Shareholding (Post-Issue)

48.02%

82.64%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

7.72%%

13.58%%

Shares Offered

In the Inventure Securities IPO retail investors (RII) are offered 24,50,000 shares while in L&T Finance IPO retail investors are offered 24,50,000 shares. Qualified institutional buyers (QIB) are offered 35,00,000 shares in Inventure Securities IPO and 7,53,82,416 shares in L&T Finance IPO.

	Inventure Securities IPO	L&T Finance IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	35,00,000 shares	7,53,82,416 shares
NII	10,50,000 shares	3,16,17,647 shares
RII	24,50,000 shares	7,37,74,510 shares
Employee		1,02,04,082 shares
Others
Total	70,00,000 shares	21,45,08,067 shares

Bids Received (Subscription)

Inventure Securities IPO subscribed 4.58x in total, whereas L&T Finance IPO subscribed 5.34x.

	Inventure Securities IPO	L&T Finance IPO
QIB (times)	0.25x	1.93x
NII (times)	9.49x	6.18x
Big NII (times)
Small NII (times)
RII (times)	8.66x	9.61x
Employee (times)		1.53x
Other (times)		3.35x
Total (times)	4.58x	5.34x

Compare with others

Inventure Securities IPO	L&T Finance IPO
PG Electroplast IPO	TD Power IPO
TD Power IPO	Brooks Labs IPO
Brooks Labs IPO	Tree House IPO
Tree House IPO	SRS IPO
SRS IPO	Inventure Securities IPO
L&T Finance IPO	Bharatiya Global Infomedia IPO
Bharatiya Global Infomedia IPO	Readymade Steel India IPO
Readymade Steel India IPO	Rushil Decor IPO
Rushil Decor IPO	Birla Pacific Medspa IPO
Birla Pacific Medspa IPO	VMS Industries IPO

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