L&T Technology IPO vs RBL Bank IPO

Comparision between L&T Technology IPO and RBL Bank IPO.

IPO Details

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

	L&T Technology IPO	RBL Bank 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 Bank Limited Citigroup Global Markets India Private Limited Hdfc Bank Limited ICICI Securities Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Iifl Securities Ltd Kotak Mahindra Capital Company Limited Morgan Stanley India Company Pvt Ltd SBI Capital Markets Limited
Registrar	Kfin Technologies Limited	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 Technology IPO is up to ₹894.40 Cr whereas the issue size of the RBL Bank IPO is up to ₹1,212.97 Cr. The final issue price of L&T Technology IPO is ₹860.00 per share and of RBL Bank IPO is ₹225.00 per share.

	L&T Technology IPO	RBL Bank IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹850.00 per share	₹224.00 per share
Issue Price (Upper)	₹860.00 per share	₹225.00 per share
Issue Price (Final)	₹860.00 per share	₹225.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	16 shares	65 shares
Fresh Issue Size		3,70,00,000 shares
Fresh Issue Size (Amount)		up to ₹832.50 Cr
OFS Issue Size	1,04,00,000 shares	1,69,09,628 shares
OFS Issue Size (Amount)
Issue Size Total	1,04,00,000 shares	5,39,09,628 shares
Issue Size Total (Amount)	up to ₹894.40 Cr	up to ₹1,212.97 Cr

IPO Timetable

L&T Technology IPO opens on Sep 12, 2016, while RBL Bank IPO opens on Aug 19, 2016. The closing date of L&T Technology IPO and RBL Bank IPO is Sep 15, 2016, and Aug 23, 2016, respectively.

	L&T Technology IPO	RBL Bank IPO
Anchor Bid Date
Issue Open	Sep 12, 2016	Aug 19, 2016
Issue Close	Sep 15, 2016	Aug 23, 2016
Basis Of Allotment (Tentative)	Sep 20, 2016
Initiation of Refunds (Tentative)	Sep 21, 2016
Credit of Share (Tentative)	Sep 22, 2016
Listing date (Tentative)	Sep 23, 2016
Anchor Lockin End date 1	Oct 20, 2016
Anchor Lockin End date 2	Dec 19, 2016

Financials

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

L&T Technology IPO

RBL Bank 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-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13	31-Mar-12
Total Assets	391,600.91	271,036.49	181,970.77	129,622.74	72,072.67
Total Revenue	32,348.50	23,564.94	16,125.88	10,057.61	5,322.16
Profit After Tax (PAT)	2,968.02	2,084.51	928.88	925.28	657.43

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 RBL Bank 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 1,08,64,515 shares in RBL Bank IPO.

	L&T Technology IPO	RBL Bank IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	20,80,000 shares	1,08,64,515 shares
NII	15,60,000 shares	81,11,221 shares
RII	36,40,000 shares	1,89,26,183 shares
Employee
Others
Total	72,80,000 shares	3,79,01,919 shares

Bids Received (Subscription)

L&T Technology IPO subscribed 2.52x in total, whereas RBL Bank IPO subscribed 69.62x.

	L&T Technology IPO	RBL Bank IPO
QIB (times)	5.01x	85.08x
NII (times)	1.03x	198.06x
Big NII (times)
Small NII (times)
RII (times)	1.74x	5.70x
Employee (times)
Other (times)
Total (times)	2.52x	69.62x

Compare with others

L&T Technology IPO	RBL Bank IPO
PNB Housing Finance IPO	Endurance Technologies IPO
Varun Beverages IPO	HPL Electric IPO
Endurance Technologies IPO	GNA Axles IPO
HPL Electric IPO	L&T Technology IPO
GNA Axles IPO	ICICI Prudential Life 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

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