ICICI Prudential Life IPO vs L&T Infotech IPO

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

IPO Details

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

	ICICI Prudential Life IPO	L&T Infotech 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	Citigroup Global Markets India Private Limited ICICI Securities Limited Kotak Mahindra Capital Company Limited
Registrar	Kfin Technologies 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 ICICI Prudential Life IPO is up to ₹6,056.79 Cr whereas the issue size of the L&T Infotech IPO is up to ₹1,236.00 Cr. The final issue price of ICICI Prudential Life IPO is ₹334.00 per share and of L&T Infotech IPO is ₹710.00 per share.

	ICICI Prudential Life IPO	L&T Infotech IPO
Face Value	₹10 per share	₹1 per share
Issue Price (Lower)	₹300.00 per share	₹705.00 per share
Issue Price (Upper)	₹334.00 per share	₹710.00 per share
Issue Price (Final)	₹334.00 per share	₹710.00 per share
Discount (Retail)		₹10.00 per share
Discount (Employee)
Market Lot Size	44 shares	20 shares
Fresh Issue Size		0 shares
Fresh Issue Size (Amount)
OFS Issue Size	18,13,41,058 shares	1,75,00,000 shares
OFS Issue Size (Amount)
Issue Size Total	18,13,41,058 shares	1,75,00,000 shares
Issue Size Total (Amount)	up to ₹6,056.79 Cr	up to ₹1,236.00 Cr

IPO Timetable

ICICI Prudential Life IPO opens on Sep 19, 2016, while L&T Infotech IPO opens on Jul 11, 2016. The closing date of ICICI Prudential Life IPO and L&T Infotech IPO is Sep 21, 2016, and Jul 13, 2016, respectively.

	ICICI Prudential Life IPO	L&T Infotech IPO
Anchor Bid Date
Issue Open	Sep 19, 2016	Jul 11, 2016
Issue Close	Sep 21, 2016	Jul 13, 2016
Basis Of Allotment (Tentative)	Sep 26, 2016
Initiation of Refunds (Tentative)	Sep 27, 2016
Credit of Share (Tentative)	Sep 28, 2016
Listing date (Tentative)	Sep 29, 2016
Anchor Lockin End date 1	Oct 26, 2016
Anchor Lockin End date 2	Dec 25, 2016

Financials

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

ICICI Prudential Life IPO

L&T Infotech 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

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	32,380.30	29,068.71	25,058.09	21,893.69	19,814.75
Total Revenue	59,081.26	48,331.83	45,628.48	36,301.56	29,685.54
Profit After Tax (PAT)	9,381.31	7,735.97	9,032.57	5,599.83	4,059.27

Promoter Shareholding (Pre-Issue)

100%

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

49.52%%

Shares Offered

In the ICICI Prudential Life IPO retail investors (RII) are offered 5,71,22,434 shares while in L&T Infotech 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 35,00,000 shares in L&T Infotech IPO.

	ICICI Prudential Life IPO	L&T Infotech IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	3,26,41,391 shares	35,00,000 shares
NII	2,44,81,043 shares	26,25,000 shares
RII	5,71,22,434 shares	61,25,000 shares
Employee
Others
Total	13,23,78,973 shares	1,22,50,000 shares

Bids Received (Subscription)

ICICI Prudential Life IPO subscribed 10.48x in total, whereas L&T Infotech IPO subscribed 11.69x.

	ICICI Prudential Life IPO	L&T Infotech IPO
QIB (times)	11.83x	19.91x
NII (times)	28.55x	10.76x
Big NII (times)
Small NII (times)
RII (times)	1.42x	7.39x
Employee (times)
Other (times)	12.20x
Total (times)	10.48x	11.69x

Compare with others

ICICI Prudential Life IPO	L&T Infotech IPO
Varun Beverages IPO	ICICI Prudential Life IPO
Endurance Technologies IPO	RBL Bank IPO
HPL Electric IPO	S P Apparels IPO
GNA Axles IPO	Dilip Buildcon IPO
L&T Technology IPO	Advanced Enzyme IPO
RBL Bank IPO	Quess Corp IPO
S P Apparels IPO	Mahanagar Gas IPO
Dilip Buildcon IPO	Parag Milk IPO
Advanced Enzyme IPO	Ujjivan Financial Services IPO
L&T Infotech IPO	Thyrocare Technologies IPO

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