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General Insurance Corporation IPO vs HDFC Life IPO

Comparision between General Insurance Corporation IPO and HDFC Life IPO.

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

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