ICICI Lombard IPO vs MAS Financial IPO

Comparision between ICICI Lombard IPO and MAS Financial IPO.

IPO Details

ICICI Lombard 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.

	ICICI Lombard 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	Clsa India Private Limited Edelweiss Financial Services Ltd Jm Financial Limited	Motilal Oswal Investment Advisors Limited
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
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 ICICI Lombard IPO is up to ₹5,700.94 Cr whereas the issue size of the MAS Financial IPO is up to ₹460.04 Cr. The final issue price of ICICI Lombard IPO is ₹661.00 per share and of MAS Financial IPO is ₹459.00 per share.

	ICICI Lombard IPO	MAS Financial IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹651.00 per share	₹456.00 per share
Issue Price (Upper)	₹661.00 per share	₹459.00 per share
Issue Price (Final)	₹661.00 per share	₹459.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	22 shares	32 shares
Fresh Issue Size
Fresh Issue Size (Amount)		up to ₹233.00 Cr
OFS Issue Size
OFS Issue Size (Amount)		up to ₹227.04 Cr
Issue Size Total	8,62,47,187 shares
Issue Size Total (Amount)	up to ₹5,700.94 Cr	up to ₹460.04 Cr

IPO Timetable

ICICI Lombard IPO opens on Sep 15, 2017, while MAS Financial IPO opens on Oct 06, 2017. The closing date of ICICI Lombard IPO and MAS Financial IPO is Sep 19, 2017, and Oct 10, 2017, respectively.

	ICICI Lombard IPO	MAS Financial IPO
Anchor Bid Date
Issue Open	Sep 15, 2017	Oct 06, 2017
Issue Close	Sep 19, 2017	Oct 10, 2017
Basis Of Allotment (Tentative)	Sep 22, 2017	Oct 13, 2017
Initiation of Refunds (Tentative)	Sep 25, 2017	Oct 16, 2017
Credit of Share (Tentative)	Sep 26, 2017	Oct 17, 2017
Listing date (Tentative)	Sep 27, 2017	Oct 18, 2017
Anchor Lockin End date 1	Oct 22, 2017	Nov 12, 2017
Anchor Lockin End date 2	Dec 21, 2017	Jan 11, 2018

Financials

ICICI Lombard IPO P/E ratio is , as compared to MAS Financial IPO P/E ratio of .

ICICI Lombard 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	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

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 ICICI Lombard IPO retail investors (RII) are offered 2,86,77,190 shares while in MAS Financial IPO retail investors are offered 2,86,77,190 shares. Qualified institutional buyers (QIB) are offered 1,63,86,966 shares in ICICI Lombard IPO and 19,87,028 shares in MAS Financial IPO.

	ICICI Lombard IPO	MAS Financial IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,63,86,966 shares	19,87,028 shares
NII	1,22,90,225 shares	14,90,270 shares
RII	2,86,77,190 shares	34,77,296 shares
Employee		1,70,316 shares
Others
Total	6,16,66,740 shares	71,24,910 shares

Bids Received (Subscription)

ICICI Lombard IPO subscribed 2.98x in total, whereas MAS Financial IPO subscribed 128.39x.

	ICICI Lombard IPO	MAS Financial IPO
QIB (times)	8.17x	148.33x
NII (times)	0.83x	378.53x
Big NII (times)
Small NII (times)
RII (times)	1.23x	15.97x
Employee (times)		2.41x
Other (times)	0.99x
Total (times)	2.98x	128.39x

Compare with others

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

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