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L&T Finance IPO vs Readymade Steel India IPO

Comparision between L&T Finance IPO and Readymade Steel India IPO.

IPO Details

L&T Finance IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Readymade Steel India IPO is a Mainline Book Built Issue proposed to list at BSE.

  L&T Finance IPO Readymade Steel India IPO
Logo L&T Finance IPO Logo Readymade Steel India IPO Logo
Issue Category Mainline Mainline
Issue Type IPO IPO
Process Type Book Built Issue Book Built Issue
Listing At BSE, NSE BSE
Lead Managers Citigroup Global Markets India Private Limited

Hsbc Securities & Capital Markets Pvt Ltd

Jm Financial Limited
Arihant Capital Markets Ltd
Registrar Sharepro Services Private Limited Bigshare Services Pvt 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 Finance IPO is up to ₹1,245.00 Cr whereas the issue size of the Readymade Steel India IPO is up to ₹34.75 Cr. The final issue price of L&T Finance IPO is ₹52.00 per share and of Readymade Steel India IPO is ₹108.00 per share.

  L&T Finance IPO Readymade Steel India IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹51.00 per share ₹90.00 per share
Issue Price (Upper) ₹59.00 per share ₹108.00 per share
Issue Price (Final) ₹52.00 per share ₹108.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 100 shares 60 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 32,17,157 shares
Issue Size Total (Amount) up to ₹1,245.00 Cr up to ₹34.75 Cr

IPO Timetable

L&T Finance IPO opens on Jul 27, 2011, while Readymade Steel India IPO opens on Jun 27, 2011. The closing date of L&T Finance IPO and Readymade Steel India IPO is Jul 29, 2011, and Jun 29, 2011, respectively.

  L&T Finance IPO Readymade Steel India IPO
Anchor Bid Date
Issue Open Jul 27, 2011 Jun 27, 2011
Issue Close Jul 29, 2011 Jun 29, 2011
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 Finance IPO P/E ratio is , as compared to Readymade Steel India IPO P/E ratio of .

  L&T Finance IPO Readymade Steel India IPO
Financial
Promoter Shareholding (Pre-Issue) 95.94% 88.83%
Promoter Shareholding (Post-Issue) 82.64% 64.44%
P/E Ratio
Market Cap
ROE
ROCE
Debt/Equity
EPS
RoNW 13.58%% 5.14%%

Shares Offered

In the L&T Finance IPO retail investors (RII) are offered 7,37,74,510 shares while in Readymade Steel India IPO retail investors are offered 7,37,74,510 shares. Qualified institutional buyers (QIB) are offered 7,53,82,416 shares in L&T Finance IPO and 19,30,294 shares in Readymade Steel India IPO.

  L&T Finance IPO Readymade Steel India IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB 7,53,82,416 shares 19,30,294 shares
NII 3,16,17,647 shares 5,79,088 shares
RII 7,37,74,510 shares 13,51,206 shares
Employee 1,02,04,082 shares
Others
Total 21,45,08,067 shares 38,60,588 shares

Bids Received (Subscription)

L&T Finance IPO subscribed 5.34x in total, whereas Readymade Steel India IPO subscribed 1.68x.

  L&T Finance IPO Readymade Steel India IPO
QIB (times) 1.93x 0.03x
NII (times) 6.18x 1.37x
Big NII (times)
Small NII (times)
RII (times) 9.61x 4.18x
Employee (times) 1.53x
Other (times) 3.35x
Total (times) 5.34x 1.68x

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