L&T Technology IPO vs Varun Beverages IPO

Comparision between L&T Technology IPO and Varun Beverages IPO.

IPO Details

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

	L&T Technology IPO	Varun Beverages 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 Jm Financial Limited Kotak Mahindra Capital Company Limited SBI Capital Markets Limited	Axis Capital Limited Clsa India Private Limited Kotak Mahindra Capital Company Limited Yes Bank 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 L&T Technology IPO is up to ₹894.40 Cr whereas the issue size of the Varun Beverages IPO is up to ₹1,112.50 Cr. The final issue price of L&T Technology IPO is ₹860.00 per share and of Varun Beverages IPO is ₹445.00 per share.

	L&T Technology IPO	Varun Beverages IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹850.00 per share	₹440.00 per share
Issue Price (Upper)	₹860.00 per share	₹445.00 per share
Issue Price (Final)	₹860.00 per share	₹445.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	16 shares	33 shares
Fresh Issue Size		2,50,00,000 shares
Fresh Issue Size (Amount)		up to ₹1,112.50 Cr
OFS Issue Size	1,04,00,000 shares
OFS Issue Size (Amount)
Issue Size Total	1,04,00,000 shares	2,50,00,000 shares
Issue Size Total (Amount)	up to ₹894.40 Cr	up to ₹1,112.50 Cr

IPO Timetable

L&T Technology IPO opens on Sep 12, 2016, while Varun Beverages IPO opens on Oct 26, 2016. The closing date of L&T Technology IPO and Varun Beverages IPO is Sep 15, 2016, and Oct 28, 2016, respectively.

	L&T Technology IPO	Varun Beverages IPO
Anchor Bid Date
Issue Open	Sep 12, 2016	Oct 26, 2016
Issue Close	Sep 15, 2016	Oct 28, 2016
Basis Of Allotment (Tentative)	Sep 20, 2016	Nov 03, 2016
Initiation of Refunds (Tentative)	Sep 21, 2016	Nov 04, 2016
Credit of Share (Tentative)	Sep 22, 2016	Nov 07, 2016
Listing date (Tentative)	Sep 23, 2016	Nov 08, 2016
Anchor Lockin End date 1	Oct 20, 2016	Dec 03, 2016
Anchor Lockin End date 2	Dec 19, 2016	Feb 01, 2017

Financials

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

L&T Technology IPO

Varun Beverages 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
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)

Summary of financial Information
Particulars	For the year/period ended (in Rs. Million)
	31-Dec-15	31-Dec-14	31-Dec-13	31-Dec-12
Total Assets	44,374.50	32,950.08	29,893.68	25,548.04
Total Revenue	34,084.30	25,170.96	21,325.03	18,441.90
Profit After Tax (PAT)	870.38	(201.56)	(395.30)	251.08

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the L&T Technology IPO retail investors (RII) are offered 36,40,000 shares while in Varun Beverages IPO retail investors are offered 36,40,000 shares. Qualified institutional buyers (QIB) are offered 20,80,000 shares in L&T Technology IPO and 49,00,000 shares in Varun Beverages IPO.

	L&T Technology IPO	Varun Beverages IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	20,80,000 shares	49,00,000 shares
NII	15,60,000 shares	36,75,000 shares
RII	36,40,000 shares	85,75,000 shares
Employee		5,00,000 shares
Others
Total	72,80,000 shares	1,76,50,000 shares

Bids Received (Subscription)

L&T Technology IPO subscribed 2.52x in total, whereas Varun Beverages IPO subscribed 1.86x.

	L&T Technology IPO	Varun Beverages IPO
QIB (times)	5.01x	4.94x
NII (times)	1.03x	0.42x
Big NII (times)
Small NII (times)
RII (times)	1.74x	0.82x
Employee (times)		0.05x
Other (times)
Total (times)	2.52x	1.86x

Compare with others

L&T Technology IPO	Varun Beverages IPO
PNB Housing Finance IPO	DMart IPO
Varun Beverages IPO	BSE Limited IPO
Endurance Technologies IPO	Laurus Labs IPO
HPL Electric IPO	Sheela Foam IPO
GNA Axles IPO	PNB Housing Finance 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	ICICI Prudential Life IPO

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