HDFC Life IPO vs Reliance Nippon Life IPO

Comparision between HDFC Life IPO and Reliance Nippon Life IPO.

IPO Details

HDFC Life IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Reliance Nippon Life IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	HDFC Life IPO	Reliance Nippon Life 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 Capital Limited Clsa India Private Limited Edelweiss Financial Services Ltd Iifl Securities Ltd Jm Financial Limited Nomura Financial Advisory And Securities (India) Pvt Ltd SBI Capital Markets Limited Yes Bank Limited
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
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 Reliance Nippon Life IPO is up to ₹1,542.24 Cr. The final issue price of HDFC Life IPO is ₹290.00 per share and of Reliance Nippon Life IPO is ₹252.00 per share.

	HDFC Life IPO	Reliance Nippon Life IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹275.00 per share	₹247.00 per share
Issue Price (Upper)	₹290.00 per share	₹252.00 per share
Issue Price (Final)	₹290.00 per share	₹252.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	50 shares	59 shares
Fresh Issue Size		2,44,80,000 shares
Fresh Issue Size (Amount)
OFS Issue Size	29,98,27,818 shares	3,67,20,000 shares
OFS Issue Size (Amount)
Issue Size Total	29,98,27,818 shares	6,12,00,000 shares
Issue Size Total (Amount)	up to ₹8,695.01 Cr	up to ₹1,542.24 Cr

IPO Timetable

HDFC Life IPO opens on Nov 07, 2017, while Reliance Nippon Life IPO opens on Oct 25, 2017. The closing date of HDFC Life IPO and Reliance Nippon Life IPO is Nov 09, 2017, and Oct 27, 2017, respectively.

	HDFC Life IPO	Reliance Nippon Life IPO
Anchor Bid Date
Issue Open	Nov 07, 2017	Oct 25, 2017
Issue Close	Nov 09, 2017	Oct 27, 2017
Basis Of Allotment (Tentative)	Nov 14, 2017	Nov 01, 2017
Initiation of Refunds (Tentative)	Nov 15, 2017	Nov 03, 2017
Credit of Share (Tentative)	Nov 16, 2017	Nov 03, 2017
Listing date (Tentative)	Nov 17, 2017	Nov 06, 2017
Anchor Lockin End date 1	Dec 14, 2017	Dec 01, 2017
Anchor Lockin End date 2	Feb 12, 2018	Jan 30, 2018

Financials

HDFC Life IPO P/E ratio is , as compared to Reliance Nippon Life IPO P/E ratio of .

HDFC Life IPO

Reliance Nippon Life 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	20,198.10	18,857.91	16,629.97	16,812.08	15,087.00
Total Revenue	14,004.38	12,710.70	9,301.15	7,840.26	7,126.74
Profit After Tax	4,055.70	3,901.24	3,495.94	3,023.01	1,989.60

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 Reliance Nippon Life 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 1,22,40,000 shares in Reliance Nippon Life IPO.

	HDFC Life IPO	Reliance Nippon Life IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	5,33,79,158 shares	1,22,40,000 shares
NII	4,00,34,328 shares	91,80,000 shares
RII	9,34,13,431 shares	2,14,20,000 shares
Employee	29,49,520 shares
Others
Total	21,97,59,218 shares	4,28,40,000 shares

Bids Received (Subscription)

HDFC Life IPO subscribed 4.89x in total, whereas Reliance Nippon Life IPO subscribed 81.54x.

	HDFC Life IPO	Reliance Nippon Life IPO
QIB (times)	16.60x	118.40x
NII (times)	2.29x	209.44x
Big NII (times)
Small NII (times)
RII (times)	0.91x	5.65x
Employee (times)	1.22x
Other (times)	0.29x
Total (times)	4.89x	81.54x

Compare with others

HDFC Life IPO	Reliance Nippon Life IPO
Newgen Software IPO	Astron Paper IPO
Apollo Micro Systems IPO	HDFC Life IPO
Shalby Hospital IPO	Khadim India IPO
Future Supply Chain IPO	New India Assurance IPO
Astron Paper IPO	Mahindra Logistics IPO
Khadim India IPO	General Insurance Corporation IPO
New India Assurance IPO	Indian Energy Exchange IPO
Mahindra Logistics IPO	MAS Financial IPO
Reliance Nippon Life IPO	Godrej Agrovet IPO
General Insurance Corporation IPO	ICICI Lombard IPO

Comments

Add a public comment...