L&T Finance IPO vs VMS Industries IPO

Comparision between L&T Finance IPO and VMS Industries IPO.

IPO Details

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

	L&T Finance IPO	VMS Industries 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	Ashika Capital Ltd
Registrar	Sharepro Services Private Limited	Cameo Corporate Services Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
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 VMS Industries IPO is up to ₹25.75 Cr. The final issue price of L&T Finance IPO is ₹52.00 per share and of VMS Industries IPO is ₹40.00 per share.

	L&T Finance IPO	VMS Industries IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹51.00 per share	₹36.00 per share
Issue Price (Upper)	₹59.00 per share	₹40.00 per share
Issue Price (Final)	₹52.00 per share	₹40.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	100 shares	160 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total		64,37,500 shares
Issue Size Total (Amount)	up to ₹1,245.00 Cr	up to ₹25.75 Cr

IPO Timetable

L&T Finance IPO opens on Jul 27, 2011, while VMS Industries IPO opens on May 30, 2011. The closing date of L&T Finance IPO and VMS Industries IPO is Jul 29, 2011, and Jun 02, 2011, respectively.

	L&T Finance IPO	VMS Industries IPO
Anchor Bid Date
Issue Open	Jul 27, 2011	May 30, 2011
Issue Close	Jul 29, 2011	Jun 02, 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 VMS Industries IPO P/E ratio of .

L&T Finance IPO

VMS Industries IPO

Financial

Particulars	For the year/period ended (in Rs. Lacs)
	31-Mar-10	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06
Total Income	3609.14	146.19	13.79	6.60	2.85
Profit After Tax (PAT)	260.72	72.44	3.44	1.58	(0.25)

Promoter Shareholding (Pre-Issue)

95.94%

92.93%

Promoter Shareholding (Post-Issue)

82.64%

56.61%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

13.58%%

12.81%%

Shares Offered

In the L&T Finance IPO retail investors (RII) are offered 7,37,74,510 shares while in VMS Industries 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 35,76,389 shares in VMS Industries IPO.

	L&T Finance IPO	VMS Industries IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	7,53,82,416 shares	35,76,389 shares
NII	3,16,17,647 shares	10,72,917 shares
RII	7,37,74,510 shares	25,03,472 shares
Employee	1,02,04,082 shares
Others
Total	21,45,08,067 shares	71,52,778 shares

Bids Received (Subscription)

L&T Finance IPO subscribed 5.34x in total, whereas VMS Industries IPO subscribed 1.36x.

	L&T Finance IPO	VMS Industries IPO
QIB (times)	1.93x	0.00x
NII (times)	6.18x	1.11x
Big NII (times)
Small NII (times)
RII (times)	9.61x	3.41x
Employee (times)	1.53x
Other (times)	3.35x
Total (times)	5.34x	1.36x

Compare with others

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

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