Godrej Agrovet IPO vs Reliance Nippon Life IPO

Comparision between Godrej Agrovet IPO and Reliance Nippon Life IPO.

IPO Details

Godrej Agrovet IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Reliance Nippon Life IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Godrej Agrovet IPO	Reliance Nippon Life 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 Credit Suisse Securities (India) Private Limited Kotak Mahindra Capital Company Limited	Axis Capital Limited Clsa India Private Limited Edelweiss Financial Services Ltd Iifl Securities Ltd Jm Financial Limited Nomura Financial Advisory And Securities (India) Pvt Ltd SBI Capital Markets Limited Yes Bank Limited
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
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 Godrej Agrovet IPO is up to ₹1,157.31 Cr whereas the issue size of the Reliance Nippon Life IPO is up to ₹1,542.24 Cr. The final issue price of Godrej Agrovet IPO is ₹460.00 per share and of Reliance Nippon Life IPO is ₹252.00 per share.

	Godrej Agrovet IPO	Reliance Nippon Life IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹450.00 per share	₹247.00 per share
Issue Price (Upper)	₹460.00 per share	₹252.00 per share
Issue Price (Final)	₹460.00 per share	₹252.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	32 shares	59 shares
Fresh Issue Size		2,44,80,000 shares
Fresh Issue Size (Amount)
OFS Issue Size		3,67,20,000 shares
OFS Issue Size (Amount)
Issue Size Total		6,12,00,000 shares
Issue Size Total (Amount)	up to ₹1,157.31 Cr	up to ₹1,542.24 Cr

IPO Timetable

Godrej Agrovet IPO opens on Oct 04, 2017, while Reliance Nippon Life IPO opens on Oct 25, 2017. The closing date of Godrej Agrovet IPO and Reliance Nippon Life IPO is Oct 06, 2017, and Oct 27, 2017, respectively.

	Godrej Agrovet IPO	Reliance Nippon Life IPO
Anchor Bid Date
Issue Open	Oct 04, 2017	Oct 25, 2017
Issue Close	Oct 06, 2017	Oct 27, 2017
Basis Of Allotment (Tentative)	Oct 12, 2017	Nov 01, 2017
Initiation of Refunds (Tentative)	Oct 13, 2017	Nov 03, 2017
Credit of Share (Tentative)	Oct 13, 2017	Nov 03, 2017
Listing date (Tentative)	Oct 16, 2017	Nov 06, 2017
Anchor Lockin End date 1	Nov 11, 2017	Dec 01, 2017
Anchor Lockin End date 2	Jan 10, 2018	Jan 30, 2018

Financials

Godrej Agrovet IPO P/E ratio is , as compared to Reliance Nippon Life IPO P/E ratio of .

Godrej Agrovet IPO

Reliance Nippon Life 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	20,198.10	18,857.91	16,629.97	16,812.08	15,087.00
Total Revenue	14,004.38	12,710.70	9,301.15	7,840.26	7,126.74
Profit After Tax	4,055.70	3,901.24	3,495.94	3,023.01	1,989.60

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Godrej Agrovet IPO retail investors (RII) are offered 87,50,096 shares while in Reliance Nippon Life IPO retail investors are offered 87,50,096 shares. Qualified institutional buyers (QIB) are offered 50,82,882 shares in Godrej Agrovet IPO and 1,22,40,000 shares in Reliance Nippon Life IPO.

	Godrej Agrovet IPO	Reliance Nippon Life IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	50,82,882 shares	1,22,40,000 shares
NII	37,50,042 shares	91,80,000 shares
RII	87,50,096 shares	2,14,20,000 shares
Employee	4,44,444 shares
Others
Total	1,80,27,464 shares	4,28,40,000 shares

Bids Received (Subscription)

Godrej Agrovet IPO subscribed 95.16x in total, whereas Reliance Nippon Life IPO subscribed 81.54x.

	Godrej Agrovet IPO	Reliance Nippon Life IPO
QIB (times)	150.96x	118.40x
NII (times)	236.04x	209.44x
Big NII (times)
Small NII (times)
RII (times)	7.16x	5.65x
Employee (times)	0.81x
Other (times)
Total (times)	95.16x	81.54x

Compare with others

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

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