General Insurance Corporation IPO vs HDFC Life IPO

Comparision between General Insurance Corporation IPO and HDFC Life IPO.

IPO Details

General Insurance Corporation IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while HDFC Life IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	General Insurance Corporation IPO	HDFC 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 Capital Limited Citigroup Global Markets India Private Limited Deutsche Equities India Private Limited Hsbc Securities & Capital Markets Pvt Ltd Kotak Mahindra Capital Company Limited	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
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 General Insurance Corporation IPO is up to ₹11,175.84 Cr whereas the issue size of the HDFC Life IPO is up to ₹8,695.01 Cr. The final issue price of General Insurance Corporation IPO is ₹912.00 per share and of HDFC Life IPO is ₹290.00 per share.

	General Insurance Corporation IPO	HDFC Life IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹855.00 per share	₹275.00 per share
Issue Price (Upper)	₹912.00 per share	₹290.00 per share
Issue Price (Final)	₹912.00 per share	₹290.00 per share
Discount (Retail)	₹45.00 per share
Discount (Employee)	₹45.00 per share
Market Lot Size	16 shares	50 shares
Fresh Issue Size	1,72,00,000 shares
Fresh Issue Size (Amount)
OFS Issue Size	10,75,00,000 shares	29,98,27,818 shares
OFS Issue Size (Amount)
Issue Size Total	12,47,00,000 shares	29,98,27,818 shares
Issue Size Total (Amount)	up to ₹11,175.84 Cr	up to ₹8,695.01 Cr

IPO Timetable

General Insurance Corporation IPO opens on Oct 11, 2017, while HDFC Life IPO opens on Nov 07, 2017. The closing date of General Insurance Corporation IPO and HDFC Life IPO is Oct 13, 2017, and Nov 09, 2017, respectively.

	General Insurance Corporation IPO	HDFC Life IPO
Anchor Bid Date
Issue Open	Oct 11, 2017	Nov 07, 2017
Issue Close	Oct 13, 2017	Nov 09, 2017
Basis Of Allotment (Tentative)	Oct 18, 2017	Nov 14, 2017
Initiation of Refunds (Tentative)	Oct 23, 2017	Nov 15, 2017
Credit of Share (Tentative)	Oct 24, 2017	Nov 16, 2017
Listing date (Tentative)	Oct 25, 2017	Nov 17, 2017
Anchor Lockin End date 1	Nov 17, 2017	Dec 14, 2017
Anchor Lockin End date 2	Jan 16, 2018	Feb 12, 2018

Financials

General Insurance Corporation IPO P/E ratio is , as compared to HDFC Life IPO P/E ratio of .

General Insurance Corporation IPO

HDFC 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	485,269.54	406,375.76	430,986.15	332,005.86	281,390.59
Total Revenue	36,441.79	32,340.78	30,995.34	26,985.09	25,111.20
Profit After Tax	28,578.52	26,549.18	28,026.85	23,218.42	22,888.64

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the General Insurance Corporation IPO retail investors (RII) are offered 4,35,94,532 shares while in HDFC Life IPO retail investors are offered 4,35,94,532 shares. Qualified institutional buyers (QIB) are offered 6,22,77,900 shares in General Insurance Corporation IPO and 5,33,79,158 shares in HDFC Life IPO.

	General Insurance Corporation IPO	HDFC Life IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	6,22,77,900 shares	5,33,79,158 shares
NII	1,86,83,371 shares	4,00,34,328 shares
RII	4,35,94,532 shares	9,34,13,431 shares
Employee	1,44,197 shares	29,49,520 shares
Others
Total	12,47,00,000 shares	21,97,59,218 shares

Bids Received (Subscription)

General Insurance Corporation IPO subscribed 1.38x in total, whereas HDFC Life IPO subscribed 4.89x.

	General Insurance Corporation IPO	HDFC Life IPO
QIB (times)	2.25x	16.60x
NII (times)	0.22x	2.29x
Big NII (times)
Small NII (times)
RII (times)	0.63x	0.91x
Employee (times)	0.94x	1.22x
Other (times)		0.29x
Total (times)	1.38x	4.89x

Compare with others

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

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