GNA Axles IPO vs ICICI Prudential Life IPO

Comparision between GNA Axles IPO and ICICI Prudential Life IPO.

IPO Details

GNA Axles IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while ICICI Prudential Life IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	GNA Axles IPO	ICICI Prudential 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	Ambit Private Limited Pnb Investment Services Ltd	Bofa Securities India Limited Deutsche Equities India Private Limited Edelweiss Financial Services Ltd Hsbc Securities & Capital Markets Pvt Ltd ICICI Securities Limited Iifl Securities Ltd Jm Financial Limited SBI Capital Markets Limited Ubs Securities India Private 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 GNA Axles IPO is up to ₹130.41 Cr whereas the issue size of the ICICI Prudential Life IPO is up to ₹6,056.79 Cr. The final issue price of GNA Axles IPO is ₹207.00 per share and of ICICI Prudential Life IPO is ₹334.00 per share.

	GNA Axles IPO	ICICI Prudential Life IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹205.00 per share	₹300.00 per share
Issue Price (Upper)	₹207.00 per share	₹334.00 per share
Issue Price (Final)	₹207.00 per share	₹334.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	70 shares	44 shares
Fresh Issue Size	63,00,000 shares
Fresh Issue Size (Amount)
OFS Issue Size		18,13,41,058 shares
OFS Issue Size (Amount)
Issue Size Total	63,00,000 shares	18,13,41,058 shares
Issue Size Total (Amount)	up to ₹130.41 Cr	up to ₹6,056.79 Cr

IPO Timetable

GNA Axles IPO opens on Sep 14, 2016, while ICICI Prudential Life IPO opens on Sep 19, 2016. The closing date of GNA Axles IPO and ICICI Prudential Life IPO is Sep 16, 2016, and Sep 21, 2016, respectively.

	GNA Axles IPO	ICICI Prudential Life IPO
Anchor Bid Date
Issue Open	Sep 14, 2016	Sep 19, 2016
Issue Close	Sep 16, 2016	Sep 21, 2016
Basis Of Allotment (Tentative)	Sep 21, 2016	Sep 26, 2016
Initiation of Refunds (Tentative)	Sep 22, 2016	Sep 27, 2016
Credit of Share (Tentative)	Sep 23, 2016	Sep 28, 2016
Listing date (Tentative)	Sep 26, 2016	Sep 29, 2016
Anchor Lockin End date 1	Oct 21, 2016	Oct 26, 2016
Anchor Lockin End date 2	Dec 20, 2016	Dec 25, 2016

Financials

GNA Axles IPO P/E ratio is , as compared to ICICI Prudential Life IPO P/E ratio of .

GNA Axles IPO

ICICI Prudential Life IPO

Financial

Summary of financial Information
Particulars	For the year/period ended (in Rs. Million)
	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13	31-Mar-12
Total Assets	4,465.32	4,264.62	3,818.51	3,178.77	2,674.52
Total Revenue	5,089.43	4,306.44	4,042.48	3,490.51	3,986.66
Profit After Tax (PAT)	259.56	215.98	132.65	48.14	169.34

Summary of financial Information
Particulars	For the year/period ended (in Rs. Million)
	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13	31-Mar-12
Total Assets	1,025,637.0	990,573.2	801,027.5	740,839.2	716,880.0
Total Revenue	18,122.4	16,775.5	16,607.1	21,910.5	18,244.6
Profit After Tax (PAT)	16,527.2	16,403.5	15,613.5	15,154.1	13,856.9

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the GNA Axles IPO retail investors (RII) are offered 21,35,000 shares while in ICICI Prudential Life IPO retail investors are offered 21,35,000 shares. Qualified institutional buyers (QIB) are offered 12,20,000 shares in GNA Axles IPO and 3,26,41,391 shares in ICICI Prudential Life IPO.

	GNA Axles IPO	ICICI Prudential Life IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	12,20,000 shares	3,26,41,391 shares
NII	9,15,000 shares	2,44,81,043 shares
RII	21,35,000 shares	5,71,22,434 shares
Employee	2,00,000 shares
Others
Total	44,70,000 shares	13,23,78,973 shares

Bids Received (Subscription)

GNA Axles IPO subscribed 54.88x in total, whereas ICICI Prudential Life IPO subscribed 10.48x.

	GNA Axles IPO	ICICI Prudential Life IPO
QIB (times)	17.18x	11.83x
NII (times)	217.47x	28.55x
Big NII (times)
Small NII (times)
RII (times)	11.84x	1.42x
Employee (times)	0.31x
Other (times)		12.20x
Total (times)	54.88x	10.48x

Compare with others

GNA Axles IPO	ICICI Prudential Life IPO
Sheela Foam IPO	Varun Beverages IPO
PNB Housing Finance IPO	Endurance Technologies IPO
Varun Beverages IPO	HPL Electric IPO
Endurance Technologies IPO	GNA Axles IPO
HPL Electric IPO	L&T Technology IPO
L&T Technology IPO	RBL Bank IPO
ICICI Prudential Life IPO	S P Apparels IPO
RBL Bank IPO	Dilip Buildcon IPO
S P Apparels IPO	Advanced Enzyme IPO
Dilip Buildcon IPO	L&T Infotech IPO

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