HPL Electric IPO vs L&T Technology IPO

Comparision between HPL Electric IPO and L&T Technology IPO.

IPO Details

HPL Electric IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while L&T Technology IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	HPL Electric IPO	L&T Technology 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	ICICI Securities Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) SBI Capital Markets Limited	Bofa Securities India Limited Jm Financial Limited Kotak Mahindra Capital Company Limited SBI Capital Markets Limited
Registrar	Kfin Technologies Limited	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 HPL Electric IPO is up to ₹361.00 Cr whereas the issue size of the L&T Technology IPO is up to ₹894.40 Cr. The final issue price of HPL Electric IPO is ₹202.00 per share and of L&T Technology IPO is ₹860.00 per share.

	HPL Electric IPO	L&T Technology IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹175.00 per share	₹850.00 per share
Issue Price (Upper)	₹202.00 per share	₹860.00 per share
Issue Price (Final)	₹202.00 per share	₹860.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	70 shares	16 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size		1,04,00,000 shares
OFS Issue Size (Amount)
Issue Size Total		1,04,00,000 shares
Issue Size Total (Amount)	up to ₹361.00 Cr	up to ₹894.40 Cr

IPO Timetable

HPL Electric IPO opens on Sep 22, 2016, while L&T Technology IPO opens on Sep 12, 2016. The closing date of HPL Electric IPO and L&T Technology IPO is Sep 26, 2016, and Sep 15, 2016, respectively.

	HPL Electric IPO	L&T Technology IPO
Anchor Bid Date
Issue Open	Sep 22, 2016	Sep 12, 2016
Issue Close	Sep 26, 2016	Sep 15, 2016
Basis Of Allotment (Tentative)	Sep 29, 2016	Sep 20, 2016
Initiation of Refunds (Tentative)	Sep 30, 2016	Sep 21, 2016
Credit of Share (Tentative)	Oct 03, 2016	Sep 22, 2016
Listing date (Tentative)	Oct 04, 2016	Sep 23, 2016
Anchor Lockin End date 1	Oct 29, 2016	Oct 20, 2016
Anchor Lockin End date 2	Dec 28, 2016	Dec 19, 2016

Financials

HPL Electric IPO P/E ratio is , as compared to L&T Technology IPO P/E ratio of .

HPL Electric IPO

L&T Technology 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	13,489.73	11,417.30	9,857.00	9,071.08	7,678.04
Total Revenue	11,201.19	10,498.32	10,122.77	9,075.44	7,188.55
Profit After Tax (PAT)	370.43	344.43	287.84	314.14	287.56

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
Total Assets	18,227.27	17,144.82	6,368.91	0.50
Total Revenue	29,694.04	25,856.22	1,222.00	-
Profit After Tax (PAT)	4,342.36	3,151.77	62.14	(0.03)

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the HPL Electric IPO retail investors (RII) are offered 72,20,000 shares while in L&T Technology IPO retail investors are offered 72,20,000 shares. Qualified institutional buyers (QIB) are offered 41,25,715 shares in HPL Electric IPO and 20,80,000 shares in L&T Technology IPO.

	HPL Electric IPO	L&T Technology IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	41,25,715 shares	20,80,000 shares
NII	30,94,286 shares	15,60,000 shares
RII	72,20,000 shares	36,40,000 shares
Employee
Others
Total	1,44,40,001 shares	72,80,000 shares

Bids Received (Subscription)

HPL Electric IPO subscribed 8.06x in total, whereas L&T Technology IPO subscribed 2.52x.

	HPL Electric IPO	L&T Technology IPO
QIB (times)	5.77x	5.01x
NII (times)	22.20x	1.03x
Big NII (times)
Small NII (times)
RII (times)	3.31x	1.74x
Employee (times)
Other (times)
Total (times)	8.06x	2.52x

Compare with others

HPL Electric IPO	L&T Technology IPO
Laurus Labs IPO	PNB Housing Finance IPO
Sheela Foam IPO	Varun Beverages IPO
PNB Housing Finance IPO	Endurance Technologies IPO
Varun Beverages IPO	HPL Electric IPO
Endurance Technologies IPO	GNA Axles IPO
GNA Axles IPO	ICICI Prudential Life IPO
L&T Technology IPO	RBL Bank IPO
ICICI Prudential Life IPO	S P Apparels IPO
RBL Bank IPO	Dilip Buildcon IPO
S P Apparels IPO	Advanced Enzyme IPO

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