Astron Paper IPO vs New India Assurance IPO

Comparision between Astron Paper IPO and New India Assurance IPO.

IPO Details

Astron Paper IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while New India Assurance IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Astron Paper IPO	New India Assurance 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	Pantomath Capital Advisors Pvt Ltd	Axis Bank Limited Idfc Bank Limited Kotak Mahindra Capital Company Limited Nomura Financial Advisory And Securities (India) Pvt Ltd Yes Bank Limited
Registrar	Link Intime India Private Ltd	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 Astron Paper IPO is up to ₹70.00 Cr whereas the issue size of the New India Assurance IPO is up to ₹9,600.00 Cr. The final issue price of Astron Paper IPO is ₹50.00 per share and of New India Assurance IPO is ₹800.00 per share.

	Astron Paper IPO	New India Assurance IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹45.00 per share	₹770.00 per share
Issue Price (Upper)	₹50.00 per share	₹800.00 per share
Issue Price (Final)	₹50.00 per share	₹800.00 per share
Discount (Retail)		₹30.00 per share
Discount (Employee)		₹30.00 per share
Market Lot Size	280 shares	18 shares
Fresh Issue Size		2,40,00,000 shares
Fresh Issue Size (Amount)
OFS Issue Size		9,60,00,000 shares
OFS Issue Size (Amount)
Issue Size Total	1,40,00,000 shares	12,00,00,000 shares
Issue Size Total (Amount)	up to ₹70.00 Cr	up to ₹9,600.00 Cr

IPO Timetable

Astron Paper IPO opens on Dec 15, 2017, while New India Assurance IPO opens on Nov 01, 2017. The closing date of Astron Paper IPO and New India Assurance IPO is Dec 20, 2017, and Nov 03, 2017, respectively.

	Astron Paper IPO	New India Assurance IPO
Anchor Bid Date
Issue Open	Dec 15, 2017	Nov 01, 2017
Issue Close	Dec 20, 2017	Nov 03, 2017
Basis Of Allotment (Tentative)	Dec 26, 2017	Nov 08, 2017
Initiation of Refunds (Tentative)	Dec 27, 2017	Nov 09, 2017
Credit of Share (Tentative)	Dec 28, 2017	Nov 10, 2017
Listing date (Tentative)	Dec 29, 2017	Nov 13, 2017
Anchor Lockin End date 1	Jan 25, 2018	Dec 08, 2017
Anchor Lockin End date 2	Mar 26, 2018	Feb 06, 2018

Financials

Astron Paper IPO P/E ratio is , as compared to New India Assurance IPO P/E ratio of .

Astron Paper IPO

New India Assurance IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. million)
	31-Mar-17	31-Mar-16	31-Mar-15
Total Assets	1727.51	1584.46	1372.42
Total Revenue	1845.89	1578.53	1521.37
Profit After Tax	99.59	60.85	41.29

Summary of financial Information (Consolidated)
Particulars	For the year/period ended (in Rs. million)
	31-Mar-17	31-Mar-16	31-Mar-15
Total Assets	365,668.25	316,338.34	345,410.14
Total Revenue	205,536.23	176,727.27	157,110.83
Profit After Tax	8,398.60	9,303.54	13,773.23

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Astron Paper IPO retail investors (RII) are offered 46,55,000 shares while in New India Assurance IPO retail investors are offered 46,55,000 shares. Qualified institutional buyers (QIB) are offered 13,30,000 shares in Astron Paper IPO and 5,82,00,000 shares in New India Assurance IPO.

	Astron Paper IPO	New India Assurance IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	13,30,000 shares	5,82,00,000 shares
NII	73,15,000 shares	1,74,60,000 shares
RII	46,55,000 shares	4,07,40,000 shares
Employee	7,00,000 shares	36,00,000 shares
Others
Total	1,40,00,000 shares	12,00,00,000 shares

Bids Received (Subscription)

Astron Paper IPO subscribed 241.75x in total, whereas New India Assurance IPO subscribed 1.20x.

	Astron Paper IPO	New India Assurance IPO
QIB (times)	103.35x	2.34x
NII (times)	396.99x	0.11x
Big NII (times)
Small NII (times)
RII (times)	73.32x	0.11x
Employee (times)	2.69x	0.20x
Other (times)
Total (times)	241.75x	1.20x

Compare with others

Astron Paper IPO	New India Assurance IPO
Amber Enterprises IPO	Shalby Hospital IPO
Newgen Software IPO	Future Supply Chain IPO
Apollo Micro Systems IPO	Astron Paper IPO
Shalby Hospital IPO	HDFC Life IPO
Future Supply Chain IPO	Khadim India IPO
HDFC Life IPO	Mahindra Logistics IPO
Khadim India 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

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