HDFC Life IPO vs Khadim India IPO

Comparision between HDFC Life IPO and Khadim India IPO.

IPO Details

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

	HDFC Life IPO	Khadim India 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 Bank Limited Idfc Bank Limited
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
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 Khadim India IPO is up to ₹543.06 Cr. The final issue price of HDFC Life IPO is ₹290.00 per share and of Khadim India IPO is ₹750.00 per share.

	HDFC Life IPO	Khadim India IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹275.00 per share	₹745.00 per share
Issue Price (Upper)	₹290.00 per share	₹750.00 per share
Issue Price (Final)	₹290.00 per share	₹750.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	50 shares	20 shares
Fresh Issue Size
Fresh Issue Size (Amount)		up to ₹50.00 Cr
OFS Issue Size	29,98,27,818 shares	65,74,093 shares
OFS Issue Size (Amount)
Issue Size Total	29,98,27,818 shares	72,40,759 shares
Issue Size Total (Amount)	up to ₹8,695.01 Cr	up to ₹543.06 Cr

IPO Timetable

HDFC Life IPO opens on Nov 07, 2017, while Khadim India IPO opens on Nov 02, 2017. The closing date of HDFC Life IPO and Khadim India IPO is Nov 09, 2017, and Nov 06, 2017, respectively.

	HDFC Life IPO	Khadim India IPO
Anchor Bid Date
Issue Open	Nov 07, 2017	Nov 02, 2017
Issue Close	Nov 09, 2017	Nov 06, 2017
Basis Of Allotment (Tentative)	Nov 14, 2017	Nov 10, 2017
Initiation of Refunds (Tentative)	Nov 15, 2017	Nov 13, 2017
Credit of Share (Tentative)	Nov 16, 2017	Nov 13, 2017
Listing date (Tentative)	Nov 17, 2017	Nov 14, 2017
Anchor Lockin End date 1	Dec 14, 2017	Dec 10, 2017
Anchor Lockin End date 2	Feb 12, 2018	Feb 08, 2018

Financials

HDFC Life IPO P/E ratio is , as compared to Khadim India IPO P/E ratio of .

HDFC Life IPO

Khadim India 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
Total Assets	4098.00	3522.98	3456.04
Total Revenue	6255.47	5388.30	4657.04
Profit After Tax	307.56	252.44	(186.57)

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 Khadim India 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 14,50,389 shares in Khadim India IPO.

	HDFC Life IPO	Khadim India IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	5,33,79,158 shares	14,50,389 shares
NII	4,00,34,328 shares	10,86,785 shares
RII	9,34,13,431 shares	25,35,832 shares
Employee	29,49,520 shares
Others
Total	21,97,59,218 shares	50,73,006 shares

Bids Received (Subscription)

HDFC Life IPO subscribed 4.89x in total, whereas Khadim India IPO subscribed 1.90x.

	HDFC Life IPO	Khadim India IPO
QIB (times)	16.60x	2.45x
NII (times)	2.29x	0.18x
Big NII (times)
Small NII (times)
RII (times)	0.91x	2.34x
Employee (times)	1.22x
Other (times)	0.29x
Total (times)	4.89x	1.90x

Compare with others

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

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