L&T Finance IPO vs Tree House IPO

Comparision between L&T Finance IPO and Tree House IPO.

IPO Details

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

	L&T Finance IPO	Tree House 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	Jm Financial Limited Motilal Oswal Investment Advisors 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 Tree House IPO is up to ₹113.83 Cr. The final issue price of L&T Finance IPO is ₹52.00 per share and of Tree House IPO is ₹135.00 per share.

	L&T Finance IPO	Tree House IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹51.00 per share	₹135.00 per share
Issue Price (Upper)	₹59.00 per share	₹153.00 per share
Issue Price (Final)	₹52.00 per share	₹135.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	100 shares	40 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total		84,32,189 shares
Issue Size Total (Amount)	up to ₹1,245.00 Cr	up to ₹113.83 Cr

IPO Timetable

L&T Finance IPO opens on Jul 27, 2011, while Tree House IPO opens on Aug 10, 2011. The closing date of L&T Finance IPO and Tree House IPO is Jul 29, 2011, and Aug 12, 2011, respectively.

	L&T Finance IPO	Tree House IPO
Anchor Bid Date
Issue Open	Jul 27, 2011	Aug 10, 2011
Issue Close	Jul 29, 2011	Aug 12, 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 Tree House IPO P/E ratio of .

L&T Finance IPO

Tree House IPO

Financial

Particulars	For the year/period ended (in Rs. Million)
	31-Dec-10	31-Mar-10	31-Mar-09	31-Mar-08	31-Mar-07
Total Income	305.73	218.71	106.47	54.26	0.99
Profit After Tax (PAT)	70.78	25.99	5.12	(1.91)	(4.89)

Promoter Shareholding (Pre-Issue)

95.94%

39.47%

Promoter Shareholding (Post-Issue)

82.64%

29.6%

P/E Ratio

Market Cap

ROE

5.7%%

ROCE

Debt/Equity

EPS

RoNW

13.58%%

7.5%%

Shares Offered

In the L&T Finance IPO retail investors (RII) are offered 7,37,74,510 shares while in Tree House 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 29,51,267 shares in Tree House IPO.

	L&T Finance IPO	Tree House IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	7,53,82,416 shares	29,51,267 shares
NII	3,16,17,647 shares	12,64,828 shares
RII	7,37,74,510 shares	29,51,266 shares
Employee	1,02,04,082 shares
Others
Total	21,45,08,067 shares	71,67,361 shares

Bids Received (Subscription)

L&T Finance IPO subscribed 5.34x in total, whereas Tree House IPO subscribed 1.85x.

	L&T Finance IPO	Tree House IPO
QIB (times)	1.93x	1.02x
NII (times)	6.18x	1.68x
Big NII (times)
Small NII (times)
RII (times)	9.61x	2.76x
Employee (times)	1.53x
Other (times)	3.35x
Total (times)	5.34x	1.85x

Compare with others

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

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