L&T Infotech IPO vs Parag Milk IPO

Comparision between L&T Infotech IPO and Parag Milk IPO.

IPO Details

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

	L&T Infotech IPO	Parag Milk 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	Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Jm Financial Limited Kotak Mahindra Capital Company Limited Motilal Oswal Investment Advisors Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies 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 L&T Infotech IPO is up to ₹1,236.00 Cr whereas the issue size of the Parag Milk IPO is up to ₹751.78 Cr. The final issue price of L&T Infotech IPO is ₹710.00 per share and of Parag Milk IPO is ₹215.00 per share.

	L&T Infotech IPO	Parag Milk IPO
Face Value	₹1 per share	₹10 per share
Issue Price (Lower)	₹705.00 per share	₹215.00 per share
Issue Price (Upper)	₹710.00 per share	₹227.00 per share
Issue Price (Final)	₹710.00 per share	₹215.00 per share
Discount (Retail)	₹10.00 per share
Discount (Employee)
Market Lot Size	20 shares	65 shares
Fresh Issue Size	0 shares
Fresh Issue Size (Amount)		up to ₹325.00 Cr
OFS Issue Size	1,75,00,000 shares	1,98,50,000 shares
OFS Issue Size (Amount)
Issue Size Total	1,75,00,000 shares
Issue Size Total (Amount)	up to ₹1,236.00 Cr	up to ₹751.78 Cr

IPO Timetable

L&T Infotech IPO opens on Jul 11, 2016, while Parag Milk IPO opens on May 04, 2016. The closing date of L&T Infotech IPO and Parag Milk IPO is Jul 13, 2016, and May 11, 2016, respectively.

	L&T Infotech IPO	Parag Milk IPO
Anchor Bid Date
Issue Open	Jul 11, 2016	May 04, 2016
Issue Close	Jul 13, 2016	May 11, 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 Parag Milk IPO P/E ratio of .

L&T Infotech IPO

Parag Milk 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-Dec-15	31-Mar-15	31-Mar-14	31-Mar-13	31-Mar-12	31-Mar-11
Total Assets	9,701.09	9,229.82	8,228.84	6,914.37	6,049.71	4,733.14
Total Revenue	12,311.88	14,405.19	10,895.00	9,271.49	9,005.40	6,585.03
Profit After Tax (PAT)	319.23	259.66	159.68	207.74	188.97	(4.14)

Promoter Shareholding (Pre-Issue)

100%

61.13%

Promoter Shareholding (Post-Issue)

47.48%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

49.52%%

22.67%%

Shares Offered

In the L&T Infotech IPO retail investors (RII) are offered 61,25,000 shares while in Parag Milk 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 1,03,88,303 shares in Parag Milk IPO.

	L&T Infotech IPO	Parag Milk IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	35,00,000 shares	1,03,88,303 shares
NII	26,25,000 shares	50,98,447 shares
RII	61,25,000 shares	33,98,964 shares
Employee		3,00,000 shares
Others
Total	1,22,50,000 shares	1,91,85,714 shares

Bids Received (Subscription)

L&T Infotech IPO subscribed 11.69x in total, whereas Parag Milk IPO subscribed 1.83x.

	L&T Infotech IPO	Parag Milk IPO
QIB (times)	19.91x	1.15x
NII (times)	10.76x	3.08x
Big NII (times)
Small NII (times)
RII (times)	7.39x	2.12x
Employee (times)		1.02x
Other (times)
Total (times)	11.69x	1.83x

Compare with others

L&T Infotech IPO	Parag Milk IPO
ICICI Prudential Life IPO	Dilip Buildcon IPO
RBL Bank IPO	Advanced Enzyme IPO
S P Apparels IPO	L&T Infotech IPO
Dilip Buildcon IPO	Quess Corp IPO
Advanced Enzyme IPO	Mahanagar Gas IPO
Quess Corp IPO	Ujjivan Financial Services IPO
Mahanagar Gas IPO	Thyrocare Technologies IPO
Parag Milk IPO	Equitas Holdings IPO
Ujjivan Financial Services IPO	Infibeam IPO
Thyrocare Technologies IPO	Bharat Wire Ropes IPO

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