General Insurance Corporation IPO vs ICICI Lombard IPO

Comparision between General Insurance Corporation IPO and ICICI Lombard IPO.

IPO Details

General Insurance Corporation IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while ICICI Lombard IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	General Insurance Corporation IPO	ICICI Lombard 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	Axis Capital Limited Citigroup Global Markets India Private Limited Deutsche Equities India Private Limited Hsbc Securities & Capital Markets Pvt Ltd Kotak Mahindra Capital Company Limited	Clsa India Private Limited Edelweiss Financial Services Ltd Jm Financial Limited
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
Market Maker
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 General Insurance Corporation IPO is up to ₹11,175.84 Cr whereas the issue size of the ICICI Lombard IPO is up to ₹5,700.94 Cr. The final issue price of General Insurance Corporation IPO is ₹912.00 per share and of ICICI Lombard IPO is ₹661.00 per share.

	General Insurance Corporation IPO	ICICI Lombard IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹855.00 per share	₹651.00 per share
Issue Price (Upper)	₹912.00 per share	₹661.00 per share
Issue Price (Final)	₹912.00 per share	₹661.00 per share
Discount (Retail)	₹45.00 per share
Discount (Employee)	₹45.00 per share
Market Lot Size	16 shares	22 shares
Fresh Issue Size	1,72,00,000 shares
Fresh Issue Size (Amount)
OFS Issue Size	10,75,00,000 shares
OFS Issue Size (Amount)
Issue Size Total	12,47,00,000 shares	8,62,47,187 shares
Issue Size Total (Amount)	up to ₹11,175.84 Cr	up to ₹5,700.94 Cr

IPO Timetable

General Insurance Corporation IPO opens on Oct 11, 2017, while ICICI Lombard IPO opens on Sep 15, 2017. The closing date of General Insurance Corporation IPO and ICICI Lombard IPO is Oct 13, 2017, and Sep 19, 2017, respectively.

	General Insurance Corporation IPO	ICICI Lombard IPO
Anchor Bid Date
Issue Open	Oct 11, 2017	Sep 15, 2017
Issue Close	Oct 13, 2017	Sep 19, 2017
Basis Of Allotment (Tentative)	Oct 18, 2017	Sep 22, 2017
Initiation of Refunds (Tentative)	Oct 23, 2017	Sep 25, 2017
Credit of Share (Tentative)	Oct 24, 2017	Sep 26, 2017
Listing date (Tentative)	Oct 25, 2017	Sep 27, 2017
Anchor Lockin End date 1	Nov 17, 2017	Oct 22, 2017
Anchor Lockin End date 2	Jan 16, 2018	Dec 21, 2017

Financials

General Insurance Corporation IPO P/E ratio is , as compared to ICICI Lombard IPO P/E ratio of .

General Insurance Corporation IPO

ICICI Lombard IPO

Financial

Summary of financial Information (Consolidated)
Particulars	For the year/period ended (in Rs. million)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	485,269.54	406,375.76	430,986.15	332,005.86	281,390.59
Total Revenue	36,441.79	32,340.78	30,995.34	26,985.09	25,111.20
Profit After Tax	28,578.52	26,549.18	28,026.85	23,218.42	22,888.64

Summary of financial Information (Consolidated)
Particulars	For the year/period ended (in Rs. million)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	48,885.8	35,445.0	32,414.2	25,070.8	20,290.5
Total Revenue	9,836.5	7,242.2	7,424.4	5,563.1	4,162.1
Profit After Tax	6,418.2	5,053.4	5,853.2	5,200.7	3,527.8

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the General Insurance Corporation IPO retail investors (RII) are offered 4,35,94,532 shares while in ICICI Lombard IPO retail investors are offered 4,35,94,532 shares. Qualified institutional buyers (QIB) are offered 6,22,77,900 shares in General Insurance Corporation IPO and 1,63,86,966 shares in ICICI Lombard IPO.

	General Insurance Corporation IPO	ICICI Lombard IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	6,22,77,900 shares	1,63,86,966 shares
NII	1,86,83,371 shares	1,22,90,225 shares
RII	4,35,94,532 shares	2,86,77,190 shares
Employee	1,44,197 shares
Others
Total	12,47,00,000 shares	6,16,66,740 shares

Bids Received (Subscription)

General Insurance Corporation IPO subscribed 1.38x in total, whereas ICICI Lombard IPO subscribed 2.98x.

	General Insurance Corporation IPO	ICICI Lombard IPO
QIB (times)	2.25x	8.17x
NII (times)	0.22x	0.83x
Big NII (times)
Small NII (times)
RII (times)	0.63x	1.23x
Employee (times)	0.94x
Other (times)		0.99x
Total (times)	1.38x	2.98x

Compare with others

General Insurance Corporation IPO	ICICI Lombard IPO
HDFC Life IPO	Reliance Nippon Life IPO
Khadim India IPO	General Insurance Corporation IPO
New India Assurance IPO	Indian Energy Exchange IPO
Mahindra Logistics IPO	MAS Financial IPO
Reliance Nippon Life IPO	Godrej Agrovet IPO
Indian Energy Exchange IPO	SBI Life Insurance IPO
MAS Financial IPO	Capacite Infra IPO
Godrej Agrovet IPO	Matrimony IPO
ICICI Lombard IPO	Prataap Snacks
SBI Life Insurance IPO	Dixon IPO

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