L&T Finance IPO vs TD Power IPO

Comparision between L&T Finance IPO and TD Power IPO.

IPO Details

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

	L&T Finance IPO	TD Power 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	Citigroup Global Markets India Private Limited Hsbc Securities & Capital Markets Pvt Ltd Jm Financial Limited	Antique Capital Markets Pvt Ltd Axis Capital Limited
Registrar	Sharepro Services Private Limited	Link Intime India Private Ltd
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 L&T Finance IPO is up to ₹1,245.00 Cr whereas the issue size of the TD Power IPO is up to ₹227.00 Cr. The final issue price of L&T Finance IPO is ₹52.00 per share and of TD Power IPO is ₹256.00 per share.

	L&T Finance IPO	TD Power IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹51.00 per share	₹256.00 per share
Issue Price (Upper)	₹59.00 per share	₹261.00 per share
Issue Price (Final)	₹52.00 per share	₹256.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	100 shares	25 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total		88,67,188 shares
Issue Size Total (Amount)	up to ₹1,245.00 Cr	up to ₹227.00 Cr

IPO Timetable

L&T Finance IPO opens on Jul 27, 2011, while TD Power IPO opens on Aug 24, 2011. The closing date of L&T Finance IPO and TD Power IPO is Jul 29, 2011, and Aug 26, 2011, respectively.

	L&T Finance IPO	TD Power IPO
Anchor Bid Date
Issue Open	Jul 27, 2011	Aug 24, 2011
Issue Close	Jul 29, 2011	Aug 26, 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

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

L&T Finance IPO

TD Power IPO

Financial

Particulars	For the year/period ended (in Rs. Millions)
	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08	31-Mar-07
Total Income	4,948.23	4,388.00	4,759.57	5,333.40	4,274.80
Profit After Tax (PAT)	416.40	330.24	365.93	355.61	161.15

Promoter Shareholding (Pre-Issue)

95.94%

89.45%

Promoter Shareholding (Post-Issue)

82.64%

65.59%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

13.58%%

30.25%%

Shares Offered

In the L&T Finance IPO retail investors (RII) are offered 7,37,74,510 shares while in TD Power IPO retail investors are offered 7,37,74,510 shares. Qualified institutional buyers (QIB) are offered 7,53,82,416 shares in L&T Finance IPO and 31,29,042 shares in TD Power IPO.

	L&T Finance IPO	TD Power IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	7,53,82,416 shares	31,29,042 shares
NII	3,16,17,647 shares	13,30,079 shares
RII	7,37,74,510 shares	31,03,516 shares
Employee	1,02,04,082 shares
Others
Total	21,45,08,067 shares	75,62,637 shares

Bids Received (Subscription)

L&T Finance IPO subscribed 5.34x in total, whereas TD Power IPO subscribed 2.92x.

	L&T Finance IPO	TD Power IPO
QIB (times)	1.93x	6.52x
NII (times)	6.18x	0.38x
Big NII (times)
Small NII (times)
RII (times)	9.61x	0.38x
Employee (times)	1.53x
Other (times)	3.35x
Total (times)	5.34x	2.92x

Compare with others

L&T Finance IPO	TD Power IPO
TD Power IPO	RDB Rasayans IPO
Brooks Labs IPO	Tijaria Polypipes IPO
Tree House IPO	Taksheel Solutions IPO
SRS IPO	Prakash Constrowell IPO
Inventure Securities IPO	PG Electroplast IPO
Bharatiya Global Infomedia IPO	Brooks Labs IPO
Readymade Steel India IPO	Tree House IPO
Rushil Decor IPO	SRS IPO
Birla Pacific Medspa IPO	Inventure Securities IPO
VMS Industries IPO	L&T Finance IPO

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