L&T Finance IPO vs Rushil Decor IPO

Comparision between L&T Finance IPO and Rushil Decor IPO.

IPO Details

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

	L&T Finance IPO	Rushil Decor 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 Hsbc Securities & Capital Markets Pvt Ltd Jm Financial Limited	Corporate Strategic Allianz Ltd Indbank Merchant Banking Services Limited
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 Rushil Decor IPO is up to ₹40.64 Cr. The final issue price of L&T Finance IPO is ₹52.00 per share and of Rushil Decor IPO is ₹72.00 per share.

	L&T Finance IPO	Rushil Decor IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹51.00 per share	₹63.00 per share
Issue Price (Upper)	₹59.00 per share	₹72.00 per share
Issue Price (Final)	₹52.00 per share	₹72.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	100 shares	90 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total		56,43,750 shares
Issue Size Total (Amount)	up to ₹1,245.00 Cr	up to ₹40.64 Cr

IPO Timetable

L&T Finance IPO opens on Jul 27, 2011, while Rushil Decor IPO opens on Jun 20, 2011. The closing date of L&T Finance IPO and Rushil Decor IPO is Jul 29, 2011, and Jun 23, 2011, respectively.

	L&T Finance IPO	Rushil Decor IPO
Anchor Bid Date
Issue Open	Jul 27, 2011	Jun 20, 2011
Issue Close	Jul 29, 2011	Jun 23, 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 Rushil Decor IPO P/E ratio of .

L&T Finance IPO

Rushil Decor IPO

Financial

Particulars	For the year/period ended (in Rs. Lakhs)
	31-Dec-10	31-Mar-10	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06
Total Income	9662.57	10262.67	9679.62	8071.97	7926.23	7306.99
Profit After Tax (PAT)	375.90	385.39	277.53	204.52	242.28	159.59

Promoter Shareholding (Pre-Issue)

95.94%

88.58%

Promoter Shareholding (Post-Issue)

82.64%

55.55%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

13.58%%

18.06%%

Shares Offered

In the L&T Finance IPO retail investors (RII) are offered 7,37,74,510 shares while in Rushil Decor 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 27,00,000 shares in Rushil Decor IPO.

	L&T Finance IPO	Rushil Decor IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	7,53,82,416 shares	27,00,000 shares
NII	3,16,17,647 shares	8,10,000 shares
RII	7,37,74,510 shares	18,90,000 shares
Employee	1,02,04,082 shares
Others
Total	21,45,08,067 shares	54,00,000 shares

Bids Received (Subscription)

L&T Finance IPO subscribed 5.34x in total, whereas Rushil Decor IPO subscribed 2.62x.

	L&T Finance IPO	Rushil Decor IPO
QIB (times)	1.93x	0.23x
NII (times)	6.18x	1.35x
Big NII (times)
Small NII (times)
RII (times)	9.61x	6.57x
Employee (times)	1.53x
Other (times)	3.35x
Total (times)	5.34x	2.62x

Compare with others

L&T Finance IPO	Rushil Decor IPO
TD Power IPO	SRS IPO
Brooks Labs IPO	Inventure Securities IPO
Tree House IPO	L&T Finance IPO
SRS IPO	Bharatiya Global Infomedia IPO
Inventure Securities IPO	Readymade Steel India IPO
Bharatiya Global Infomedia IPO	Birla Pacific Medspa IPO
Readymade Steel India IPO	VMS Industries IPO
Rushil Decor IPO	Timbor Home IPO
Birla Pacific Medspa IPO	Aanjaneya IPO
VMS Industries IPO	Sanghvi Forging IPO

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