HDFC Life IPO vs New India Assurance IPO

Comparision between HDFC Life IPO and New India Assurance IPO.

IPO Details

HDFC Life 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.

	HDFC Life 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	Clsa India Private Limited Credit Suisse Securities (India) Private Limited Edelweiss Financial Services Ltd Haitong Securities India Private Limited Hdfc Bank Limited Idfc Bank Limited Iifl Securities Ltd Morgan Stanley India Company Pvt Ltd Nomura Financial Advisory And Securities (India) Pvt Ltd Ubs Securities India Private Limited	Axis Bank Limited Idfc Bank Limited Kotak Mahindra Capital Company Limited Nomura Financial Advisory And Securities (India) Pvt Ltd Yes Bank 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 HDFC Life IPO is up to ₹8,695.01 Cr whereas the issue size of the New India Assurance IPO is up to ₹9,600.00 Cr. The final issue price of HDFC Life IPO is ₹290.00 per share and of New India Assurance IPO is ₹800.00 per share.

	HDFC Life IPO	New India Assurance IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹275.00 per share	₹770.00 per share
Issue Price (Upper)	₹290.00 per share	₹800.00 per share
Issue Price (Final)	₹290.00 per share	₹800.00 per share
Discount (Retail)		₹30.00 per share
Discount (Employee)		₹30.00 per share
Market Lot Size	50 shares	18 shares
Fresh Issue Size		2,40,00,000 shares
Fresh Issue Size (Amount)
OFS Issue Size	29,98,27,818 shares	9,60,00,000 shares
OFS Issue Size (Amount)
Issue Size Total	29,98,27,818 shares	12,00,00,000 shares
Issue Size Total (Amount)	up to ₹8,695.01 Cr	up to ₹9,600.00 Cr

IPO Timetable

HDFC Life IPO opens on Nov 07, 2017, while New India Assurance IPO opens on Nov 01, 2017. The closing date of HDFC Life IPO and New India Assurance IPO is Nov 09, 2017, and Nov 03, 2017, respectively.

	HDFC Life IPO	New India Assurance IPO
Anchor Bid Date
Issue Open	Nov 07, 2017	Nov 01, 2017
Issue Close	Nov 09, 2017	Nov 03, 2017
Basis Of Allotment (Tentative)	Nov 14, 2017	Nov 08, 2017
Initiation of Refunds (Tentative)	Nov 15, 2017	Nov 09, 2017
Credit of Share (Tentative)	Nov 16, 2017	Nov 10, 2017
Listing date (Tentative)	Nov 17, 2017	Nov 13, 2017
Anchor Lockin End date 1	Dec 14, 2017	Dec 08, 2017
Anchor Lockin End date 2	Feb 12, 2018	Feb 06, 2018

Financials

HDFC Life IPO P/E ratio is , as compared to New India Assurance IPO P/E ratio of .

HDFC Life IPO

New India Assurance 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
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 HDFC Life IPO retail investors (RII) are offered 9,34,13,431 shares while in New India Assurance IPO retail investors are offered 9,34,13,431 shares. Qualified institutional buyers (QIB) are offered 5,33,79,158 shares in HDFC Life IPO and 5,82,00,000 shares in New India Assurance IPO.

	HDFC Life IPO	New India Assurance IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	5,33,79,158 shares	5,82,00,000 shares
NII	4,00,34,328 shares	1,74,60,000 shares
RII	9,34,13,431 shares	4,07,40,000 shares
Employee	29,49,520 shares	36,00,000 shares
Others
Total	21,97,59,218 shares	12,00,00,000 shares

Bids Received (Subscription)

HDFC Life IPO subscribed 4.89x in total, whereas New India Assurance IPO subscribed 1.20x.

	HDFC Life IPO	New India Assurance IPO
QIB (times)	16.60x	2.34x
NII (times)	2.29x	0.11x
Big NII (times)
Small NII (times)
RII (times)	0.91x	0.11x
Employee (times)	1.22x	0.20x
Other (times)	0.29x
Total (times)	4.89x	1.20x

Compare with others

HDFC Life IPO	New India Assurance IPO
Newgen Software IPO	Shalby Hospital IPO
Apollo Micro Systems IPO	Future Supply Chain IPO
Shalby Hospital IPO	Astron Paper IPO
Future Supply Chain IPO	HDFC Life IPO
Astron Paper IPO	Khadim India 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
General Insurance Corporation IPO	MAS Financial IPO

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