Indian Energy Exchange IPO vs New India Assurance IPO

Comparision between Indian Energy Exchange IPO and New India Assurance IPO.

IPO Details

Indian Energy Exchange 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.

	Indian Energy Exchange 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	Axis Bank Limited Iifl Securities Ltd Kotak Mahindra Capital Company 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
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Indian Energy Exchange IPO is up to ₹1,000.73 Cr whereas the issue size of the New India Assurance IPO is up to ₹9,600.00 Cr. The final issue price of Indian Energy Exchange IPO is ₹1,650.00 per share and of New India Assurance IPO is ₹800.00 per share.

	Indian Energy Exchange IPO	New India Assurance IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹1,645.00 per share	₹770.00 per share
Issue Price (Upper)	₹1,650.00 per share	₹800.00 per share
Issue Price (Final)	₹1,650.00 per share	₹800.00 per share
Discount (Retail)		₹30.00 per share
Discount (Employee)		₹30.00 per share
Market Lot Size	9 shares	18 shares
Fresh Issue Size		2,40,00,000 shares
Fresh Issue Size (Amount)
OFS Issue Size	60,65,009 shares	9,60,00,000 shares
OFS Issue Size (Amount)
Issue Size Total	60,65,009 shares	12,00,00,000 shares
Issue Size Total (Amount)	up to ₹1,000.73 Cr	up to ₹9,600.00 Cr

IPO Timetable

Indian Energy Exchange IPO opens on Oct 09, 2017, while New India Assurance IPO opens on Nov 01, 2017. The closing date of Indian Energy Exchange IPO and New India Assurance IPO is Oct 11, 2017, and Nov 03, 2017, respectively.

	Indian Energy Exchange IPO	New India Assurance IPO
Anchor Bid Date
Issue Open	Oct 09, 2017	Nov 01, 2017
Issue Close	Oct 11, 2017	Nov 03, 2017
Basis Of Allotment (Tentative)		Nov 08, 2017
Initiation of Refunds (Tentative)		Nov 09, 2017
Credit of Share (Tentative)		Nov 10, 2017
Listing date (Tentative)		Nov 13, 2017
Anchor Lockin End date 1		Dec 08, 2017
Anchor Lockin End date 2		Feb 06, 2018

Financials

Indian Energy Exchange IPO P/E ratio is , as compared to New India Assurance IPO P/E ratio of .

Indian Energy Exchange 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	31-Mar-14	31-Mar-13
Total Assets	5,517.14	4,237.55	4,057.37	3,688.67	2,822.16
Total Revenue	2,374.23	2,001.40	1,763.78	1,739.90	1,383.65
Profit After Tax	1,135.65	1,003.40	900.18	919.45	662.96

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 Indian Energy Exchange IPO retail investors (RII) are offered 21,22,754 shares while in New India Assurance IPO retail investors are offered 21,22,754 shares. Qualified institutional buyers (QIB) are offered 12,13,002 shares in Indian Energy Exchange IPO and 5,82,00,000 shares in New India Assurance IPO.

	Indian Energy Exchange IPO	New India Assurance IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	12,13,002 shares	5,82,00,000 shares
NII	9,09,752 shares	1,74,60,000 shares
RII	21,22,754 shares	4,07,40,000 shares
Employee		36,00,000 shares
Others
Total	42,45,508 shares	12,00,00,000 shares

Bids Received (Subscription)

Indian Energy Exchange IPO subscribed 2.28x in total, whereas New India Assurance IPO subscribed 1.20x.

	Indian Energy Exchange IPO	New India Assurance IPO
QIB (times)	2.56x	2.34x
NII (times)	0.85x	0.11x
Big NII (times)
Small NII (times)
RII (times)	2.61x	0.11x
Employee (times)		0.20x
Other (times)
Total (times)	2.28x	1.20x

Compare with others

Indian Energy Exchange IPO	New India Assurance IPO
Khadim India IPO	Shalby Hospital IPO
New India Assurance IPO	Future Supply Chain IPO
Mahindra Logistics IPO	Astron Paper IPO
Reliance Nippon Life IPO	HDFC Life IPO
General Insurance Corporation IPO	Khadim India IPO
MAS Financial IPO	Mahindra Logistics IPO
Godrej Agrovet IPO	Reliance Nippon Life IPO
ICICI Lombard IPO	General Insurance Corporation IPO
SBI Life Insurance IPO	Indian Energy Exchange IPO
Capacite Infra IPO	MAS Financial IPO

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