General Insurance Corporation IPO vs MAS Financial IPO

Comparision between General Insurance Corporation IPO and MAS Financial IPO.

IPO Details

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

	General Insurance Corporation IPO	MAS Financial 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	Motilal Oswal Investment Advisors Limited
Registrar	Kfin Technologies Limited	Link Intime India Private 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 General Insurance Corporation IPO is up to ₹11,175.84 Cr whereas the issue size of the MAS Financial IPO is up to ₹460.04 Cr. The final issue price of General Insurance Corporation IPO is ₹912.00 per share and of MAS Financial IPO is ₹459.00 per share.

	General Insurance Corporation IPO	MAS Financial IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹855.00 per share	₹456.00 per share
Issue Price (Upper)	₹912.00 per share	₹459.00 per share
Issue Price (Final)	₹912.00 per share	₹459.00 per share
Discount (Retail)	₹45.00 per share
Discount (Employee)	₹45.00 per share
Market Lot Size	16 shares	32 shares
Fresh Issue Size	1,72,00,000 shares
Fresh Issue Size (Amount)		up to ₹233.00 Cr
OFS Issue Size	10,75,00,000 shares
OFS Issue Size (Amount)		up to ₹227.04 Cr
Issue Size Total	12,47,00,000 shares
Issue Size Total (Amount)	up to ₹11,175.84 Cr	up to ₹460.04 Cr

IPO Timetable

General Insurance Corporation IPO opens on Oct 11, 2017, while MAS Financial IPO opens on Oct 06, 2017. The closing date of General Insurance Corporation IPO and MAS Financial IPO is Oct 13, 2017, and Oct 10, 2017, respectively.

	General Insurance Corporation IPO	MAS Financial IPO
Anchor Bid Date
Issue Open	Oct 11, 2017	Oct 06, 2017
Issue Close	Oct 13, 2017	Oct 10, 2017
Basis Of Allotment (Tentative)	Oct 18, 2017	Oct 13, 2017
Initiation of Refunds (Tentative)	Oct 23, 2017	Oct 16, 2017
Credit of Share (Tentative)	Oct 24, 2017	Oct 17, 2017
Listing date (Tentative)	Oct 25, 2017	Oct 18, 2017
Anchor Lockin End date 1	Nov 17, 2017	Nov 12, 2017
Anchor Lockin End date 2	Jan 16, 2018	Jan 11, 2018

Financials

General Insurance Corporation IPO P/E ratio is , as compared to MAS Financial IPO P/E ratio of .

General Insurance Corporation IPO

MAS Financial 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	20,244.79	18,126.51	14,877.85	10,776.32	7,715.68
Total Revenue	3,415.17	2,887.04	2,265.28	1,776.78	1,388.47
Profit After Tax	674.17	500.08	388.20	316.76	268.39

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 MAS Financial 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 19,87,028 shares in MAS Financial IPO.

	General Insurance Corporation IPO	MAS Financial IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	6,22,77,900 shares	19,87,028 shares
NII	1,86,83,371 shares	14,90,270 shares
RII	4,35,94,532 shares	34,77,296 shares
Employee	1,44,197 shares	1,70,316 shares
Others
Total	12,47,00,000 shares	71,24,910 shares

Bids Received (Subscription)

General Insurance Corporation IPO subscribed 1.38x in total, whereas MAS Financial IPO subscribed 128.39x.

	General Insurance Corporation IPO	MAS Financial IPO
QIB (times)	2.25x	148.33x
NII (times)	0.22x	378.53x
Big NII (times)
Small NII (times)
RII (times)	0.63x	15.97x
Employee (times)	0.94x	2.41x
Other (times)
Total (times)	1.38x	128.39x

Compare with others

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

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