L&T Infotech IPO vs Quess Corp IPO

Comparision between L&T Infotech IPO and Quess Corp IPO.

IPO Details

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

	L&T Infotech IPO	Quess Corp 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	Axis Capital Limited ICICI Securities Limited Iifl Securities Ltd Yes Bank 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 Quess Corp IPO is up to ₹400.00 Cr. The final issue price of L&T Infotech IPO is ₹710.00 per share and of Quess Corp IPO is ₹317.00 per share.

	L&T Infotech IPO	Quess Corp IPO
Face Value	₹1 per share	₹10 per share
Issue Price (Lower)	₹705.00 per share	₹310.00 per share
Issue Price (Upper)	₹710.00 per share	₹317.00 per share
Issue Price (Final)	₹710.00 per share	₹317.00 per share
Discount (Retail)	₹10.00 per share
Discount (Employee)
Market Lot Size	20 shares	45 shares
Fresh Issue Size	0 shares
Fresh Issue Size (Amount)
OFS Issue Size	1,75,00,000 shares
OFS Issue Size (Amount)
Issue Size Total	1,75,00,000 shares	12,59,53,353 shares
Issue Size Total (Amount)	up to ₹1,236.00 Cr	up to ₹400.00 Cr

IPO Timetable

L&T Infotech IPO opens on Jul 11, 2016, while Quess Corp IPO opens on Jun 29, 2016. The closing date of L&T Infotech IPO and Quess Corp IPO is Jul 13, 2016, and Jul 01, 2016, respectively.

	L&T Infotech IPO	Quess Corp IPO
Anchor Bid Date
Issue Open	Jul 11, 2016	Jun 29, 2016
Issue Close	Jul 13, 2016	Jul 01, 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 Quess Corp IPO P/E ratio of .

L&T Infotech IPO

Quess Corp 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 Assets	12,378.68	7,190.96		3,309.11	2,541.99
Total Revenue	34,424.26	25,727.58		10,043.52	6,394.35
Profit After Tax (PAT)	885.21	672.16		171.02	83.05

Promoter Shareholding (Pre-Issue)

100%

99.51%

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

49.52%%

24.28%%

Shares Offered

In the L&T Infotech IPO retail investors (RII) are offered 61,25,000 shares while in Quess Corp 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 39,03,023 shares in Quess Corp IPO.

	L&T Infotech IPO	Quess Corp IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	35,00,000 shares	39,03,023 shares
NII	26,25,000 shares	19,16,251 shares
RII	61,25,000 shares	12,77,500 shares
Employee
Others
Total	1,22,50,000 shares	70,96,774 shares

Bids Received (Subscription)

L&T Infotech IPO subscribed 11.69x in total, whereas Quess Corp IPO subscribed 143.99x.

	L&T Infotech IPO	Quess Corp IPO
QIB (times)	19.91x	59.02x
NII (times)	10.76x	392.21x
Big NII (times)
Small NII (times)
RII (times)	7.39x	31.23x
Employee (times)
Other (times)
Total (times)	11.69x	143.99x

Compare with others

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

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