ICICI Lombard IPO vs Reliance Nippon Life IPO

Comparision between ICICI Lombard IPO and Reliance Nippon Life IPO.

IPO Details

ICICI Lombard 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.

	ICICI Lombard 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 Edelweiss Financial Services Ltd Jm Financial 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 ICICI Lombard IPO is up to ₹5,700.94 Cr whereas the issue size of the Reliance Nippon Life IPO is up to ₹1,542.24 Cr. The final issue price of ICICI Lombard IPO is ₹661.00 per share and of Reliance Nippon Life IPO is ₹252.00 per share.

	ICICI Lombard IPO	Reliance Nippon Life IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹651.00 per share	₹247.00 per share
Issue Price (Upper)	₹661.00 per share	₹252.00 per share
Issue Price (Final)	₹661.00 per share	₹252.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	22 shares	59 shares
Fresh Issue Size		2,44,80,000 shares
Fresh Issue Size (Amount)
OFS Issue Size		3,67,20,000 shares
OFS Issue Size (Amount)
Issue Size Total	8,62,47,187 shares	6,12,00,000 shares
Issue Size Total (Amount)	up to ₹5,700.94 Cr	up to ₹1,542.24 Cr

IPO Timetable

ICICI Lombard IPO opens on Sep 15, 2017, while Reliance Nippon Life IPO opens on Oct 25, 2017. The closing date of ICICI Lombard IPO and Reliance Nippon Life IPO is Sep 19, 2017, and Oct 27, 2017, respectively.

	ICICI Lombard IPO	Reliance Nippon Life IPO
Anchor Bid Date
Issue Open	Sep 15, 2017	Oct 25, 2017
Issue Close	Sep 19, 2017	Oct 27, 2017
Basis Of Allotment (Tentative)	Sep 22, 2017	Nov 01, 2017
Initiation of Refunds (Tentative)	Sep 25, 2017	Nov 03, 2017
Credit of Share (Tentative)	Sep 26, 2017	Nov 03, 2017
Listing date (Tentative)	Sep 27, 2017	Nov 06, 2017
Anchor Lockin End date 1	Oct 22, 2017	Dec 01, 2017
Anchor Lockin End date 2	Dec 21, 2017	Jan 30, 2018

Financials

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

ICICI Lombard 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	48,885.8	35,445.0	32,414.2	25,070.8	20,290.5
Total Revenue	9,836.5	7,242.2	7,424.4	5,563.1	4,162.1
Profit After Tax	6,418.2	5,053.4	5,853.2	5,200.7	3,527.8

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 ICICI Lombard IPO retail investors (RII) are offered 2,86,77,190 shares while in Reliance Nippon Life IPO retail investors are offered 2,86,77,190 shares. Qualified institutional buyers (QIB) are offered 1,63,86,966 shares in ICICI Lombard IPO and 1,22,40,000 shares in Reliance Nippon Life IPO.

	ICICI Lombard IPO	Reliance Nippon Life IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,63,86,966 shares	1,22,40,000 shares
NII	1,22,90,225 shares	91,80,000 shares
RII	2,86,77,190 shares	2,14,20,000 shares
Employee
Others
Total	6,16,66,740 shares	4,28,40,000 shares

Bids Received (Subscription)

ICICI Lombard IPO subscribed 2.98x in total, whereas Reliance Nippon Life IPO subscribed 81.54x.

	ICICI Lombard IPO	Reliance Nippon Life IPO
QIB (times)	8.17x	118.40x
NII (times)	0.83x	209.44x
Big NII (times)
Small NII (times)
RII (times)	1.23x	5.65x
Employee (times)
Other (times)	0.99x
Total (times)	2.98x	81.54x

Compare with others

ICICI Lombard IPO	Reliance Nippon Life IPO
Reliance Nippon Life IPO	Astron Paper IPO
General Insurance Corporation IPO	HDFC Life IPO
Indian Energy Exchange IPO	Khadim India IPO
MAS Financial IPO	New India Assurance IPO
Godrej Agrovet IPO	Mahindra Logistics IPO
SBI Life Insurance IPO	General Insurance Corporation IPO
Capacite Infra IPO	Indian Energy Exchange IPO
Matrimony IPO	MAS Financial IPO
Prataap Snacks	Godrej Agrovet IPO
Dixon IPO	ICICI Lombard IPO

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