L&T Infotech IPO vs Mahanagar Gas IPO

Comparision between L&T Infotech IPO and Mahanagar Gas IPO.

IPO Details

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

	L&T Infotech IPO	Mahanagar Gas 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 ICICI Securities Limited Kotak Mahindra Capital Company Limited	Citigroup Global Markets India Private Limited Kotak Mahindra Capital Company Limited
Registrar	Link Intime India Private Ltd	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 Infotech IPO is up to ₹1,236.00 Cr whereas the issue size of the Mahanagar Gas IPO is up to ₹1,039.64 Cr. The final issue price of L&T Infotech IPO is ₹710.00 per share and of Mahanagar Gas IPO is ₹421.00 per share.

	L&T Infotech IPO	Mahanagar Gas IPO
Face Value	₹1 per share	₹10 per share
Issue Price (Lower)	₹705.00 per share	₹380.00 per share
Issue Price (Upper)	₹710.00 per share	₹421.00 per share
Issue Price (Final)	₹710.00 per share	₹421.00 per share
Discount (Retail)	₹10.00 per share
Discount (Employee)
Market Lot Size	20 shares	35 shares
Fresh Issue Size	0 shares
Fresh Issue Size (Amount)
OFS Issue Size	1,75,00,000 shares	2,46,94,500 shares
OFS Issue Size (Amount)
Issue Size Total	1,75,00,000 shares	2,46,94,500 shares
Issue Size Total (Amount)	up to ₹1,236.00 Cr	up to ₹1,039.64 Cr

IPO Timetable

L&T Infotech IPO opens on Jul 11, 2016, while Mahanagar Gas IPO opens on Jun 21, 2016. The closing date of L&T Infotech IPO and Mahanagar Gas IPO is Jul 13, 2016, and Jun 23, 2016, respectively.

	L&T Infotech IPO	Mahanagar Gas IPO
Anchor Bid Date
Issue Open	Jul 11, 2016	Jun 21, 2016
Issue Close	Jul 13, 2016	Jun 23, 2016
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 Infotech IPO P/E ratio is , as compared to Mahanagar Gas IPO P/E ratio of .

L&T Infotech IPO

Mahanagar Gas IPO

Financial

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

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 Liabilities	23,562.96	21,655.85	19,743.01	17,829.70	15,462.72
Total Assets	23,562.96	21,655.85	19,743.01	17,829.70	15,462.72
Total Revenue	21,216.28	21,356.37	19,196.47	15,462.34	13,283.99
Profit After Tax (PAT)	3,086.87	3,010.01	2,972.49	2,985.06	3,077.43

Promoter Shareholding (Pre-Issue)

100%

90%

Promoter Shareholding (Post-Issue)

65%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

49.52%%

20.2%%

Shares Offered

In the L&T Infotech IPO retail investors (RII) are offered 61,25,000 shares while in Mahanagar Gas IPO retail investors are offered 61,25,000 shares. Qualified institutional buyers (QIB) are offered 35,00,000 shares in L&T Infotech IPO and 48,98,900 shares in Mahanagar Gas IPO.

	L&T Infotech IPO	Mahanagar Gas IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	35,00,000 shares	48,98,900 shares
NII	26,25,000 shares	36,74,175 shares
RII	61,25,000 shares	85,73,075 shares
Employee		2,00,000 shares
Others
Total	1,22,50,000 shares	1,73,46,150 shares

Bids Received (Subscription)

L&T Infotech IPO subscribed 11.69x in total, whereas Mahanagar Gas IPO subscribed 64.54x.

	L&T Infotech IPO	Mahanagar Gas IPO
QIB (times)	19.91x	72.84x
NII (times)	10.76x	191.61x
Big NII (times)
Small NII (times)
RII (times)	7.39x	6.82x
Employee (times)		1.18x
Other (times)
Total (times)	11.69x	64.54x

Compare with others

L&T Infotech IPO	Mahanagar Gas 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	Quess Corp IPO
Quess Corp IPO	Parag Milk IPO
Mahanagar Gas IPO	Ujjivan Financial Services IPO
Parag Milk IPO	Thyrocare Technologies IPO
Ujjivan Financial Services IPO	Equitas Holdings IPO
Thyrocare Technologies IPO	Infibeam IPO

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