New India Assurance IPO vs Reliance Nippon Life IPO

Comparision between New India Assurance IPO and Reliance Nippon Life IPO.

IPO Details

New India Assurance 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.

	New India Assurance 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	Axis Bank Limited Idfc Bank Limited Kotak Mahindra Capital Company Limited Nomura Financial Advisory And Securities (India) Pvt Ltd Yes Bank 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	Link Intime India Private Ltd	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 New India Assurance IPO is up to ₹9,600.00 Cr whereas the issue size of the Reliance Nippon Life IPO is up to ₹1,542.24 Cr. The final issue price of New India Assurance IPO is ₹800.00 per share and of Reliance Nippon Life IPO is ₹252.00 per share.

	New India Assurance IPO	Reliance Nippon Life IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹770.00 per share	₹247.00 per share
Issue Price (Upper)	₹800.00 per share	₹252.00 per share
Issue Price (Final)	₹800.00 per share	₹252.00 per share
Discount (Retail)	₹30.00 per share
Discount (Employee)	₹30.00 per share
Market Lot Size	18 shares	59 shares
Fresh Issue Size	2,40,00,000 shares	2,44,80,000 shares
Fresh Issue Size (Amount)
OFS Issue Size	9,60,00,000 shares	3,67,20,000 shares
OFS Issue Size (Amount)
Issue Size Total	12,00,00,000 shares	6,12,00,000 shares
Issue Size Total (Amount)	up to ₹9,600.00 Cr	up to ₹1,542.24 Cr

IPO Timetable

New India Assurance IPO opens on Nov 01, 2017, while Reliance Nippon Life IPO opens on Oct 25, 2017. The closing date of New India Assurance IPO and Reliance Nippon Life IPO is Nov 03, 2017, and Oct 27, 2017, respectively.

	New India Assurance IPO	Reliance Nippon Life IPO
Anchor Bid Date
Issue Open	Nov 01, 2017	Oct 25, 2017
Issue Close	Nov 03, 2017	Oct 27, 2017
Basis Of Allotment (Tentative)	Nov 08, 2017	Nov 01, 2017
Initiation of Refunds (Tentative)	Nov 09, 2017	Nov 03, 2017
Credit of Share (Tentative)	Nov 10, 2017	Nov 03, 2017
Listing date (Tentative)	Nov 13, 2017	Nov 06, 2017
Anchor Lockin End date 1	Dec 08, 2017	Dec 01, 2017
Anchor Lockin End date 2	Feb 06, 2018	Jan 30, 2018

Financials

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

New India Assurance 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
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

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 New India Assurance IPO retail investors (RII) are offered 4,07,40,000 shares while in Reliance Nippon Life IPO retail investors are offered 4,07,40,000 shares. Qualified institutional buyers (QIB) are offered 5,82,00,000 shares in New India Assurance IPO and 1,22,40,000 shares in Reliance Nippon Life IPO.

	New India Assurance IPO	Reliance Nippon Life IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	5,82,00,000 shares	1,22,40,000 shares
NII	1,74,60,000 shares	91,80,000 shares
RII	4,07,40,000 shares	2,14,20,000 shares
Employee	36,00,000 shares
Others
Total	12,00,00,000 shares	4,28,40,000 shares

Bids Received (Subscription)

New India Assurance IPO subscribed 1.20x in total, whereas Reliance Nippon Life IPO subscribed 81.54x.

	New India Assurance IPO	Reliance Nippon Life IPO
QIB (times)	2.34x	118.40x
NII (times)	0.11x	209.44x
Big NII (times)
Small NII (times)
RII (times)	0.11x	5.65x
Employee (times)	0.20x
Other (times)
Total (times)	1.20x	81.54x

Compare with others

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

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