ICICI Prudential Life IPO vs RBL Bank IPO

Comparision between ICICI Prudential Life IPO and RBL Bank IPO.

IPO Details

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

	ICICI Prudential Life IPO	RBL Bank 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	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	Axis Bank Limited Citigroup Global Markets India Private Limited Hdfc Bank Limited ICICI Securities Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Iifl Securities Ltd Kotak Mahindra Capital Company Limited Morgan Stanley India Company Pvt Ltd SBI Capital Markets 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 ICICI Prudential Life IPO is up to ₹6,056.79 Cr whereas the issue size of the RBL Bank IPO is up to ₹1,212.97 Cr. The final issue price of ICICI Prudential Life IPO is ₹334.00 per share and of RBL Bank IPO is ₹225.00 per share.

	ICICI Prudential Life IPO	RBL Bank IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹300.00 per share	₹224.00 per share
Issue Price (Upper)	₹334.00 per share	₹225.00 per share
Issue Price (Final)	₹334.00 per share	₹225.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	44 shares	65 shares
Fresh Issue Size		3,70,00,000 shares
Fresh Issue Size (Amount)		up to ₹832.50 Cr
OFS Issue Size	18,13,41,058 shares	1,69,09,628 shares
OFS Issue Size (Amount)
Issue Size Total	18,13,41,058 shares	5,39,09,628 shares
Issue Size Total (Amount)	up to ₹6,056.79 Cr	up to ₹1,212.97 Cr

IPO Timetable

ICICI Prudential Life IPO opens on Sep 19, 2016, while RBL Bank IPO opens on Aug 19, 2016. The closing date of ICICI Prudential Life IPO and RBL Bank IPO is Sep 21, 2016, and Aug 23, 2016, respectively.

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

Financials

ICICI Prudential Life IPO P/E ratio is , as compared to RBL Bank IPO P/E ratio of .

ICICI Prudential Life IPO

RBL Bank 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	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

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	391,600.91	271,036.49	181,970.77	129,622.74	72,072.67
Total Revenue	32,348.50	23,564.94	16,125.88	10,057.61	5,322.16
Profit After Tax (PAT)	2,968.02	2,084.51	928.88	925.28	657.43

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the ICICI Prudential Life IPO retail investors (RII) are offered 5,71,22,434 shares while in RBL Bank IPO retail investors are offered 5,71,22,434 shares. Qualified institutional buyers (QIB) are offered 3,26,41,391 shares in ICICI Prudential Life IPO and 1,08,64,515 shares in RBL Bank IPO.

	ICICI Prudential Life IPO	RBL Bank IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	3,26,41,391 shares	1,08,64,515 shares
NII	2,44,81,043 shares	81,11,221 shares
RII	5,71,22,434 shares	1,89,26,183 shares
Employee
Others
Total	13,23,78,973 shares	3,79,01,919 shares

Bids Received (Subscription)

ICICI Prudential Life IPO subscribed 10.48x in total, whereas RBL Bank IPO subscribed 69.62x.

	ICICI Prudential Life IPO	RBL Bank IPO
QIB (times)	11.83x	85.08x
NII (times)	28.55x	198.06x
Big NII (times)
Small NII (times)
RII (times)	1.42x	5.70x
Employee (times)
Other (times)	12.20x
Total (times)	10.48x	69.62x

Compare with others

ICICI Prudential Life IPO	RBL Bank IPO
Varun Beverages IPO	Endurance Technologies IPO
Endurance Technologies IPO	HPL Electric IPO
HPL Electric IPO	GNA Axles IPO
GNA Axles IPO	L&T Technology IPO
L&T Technology IPO	ICICI Prudential Life IPO
RBL Bank IPO	S P Apparels IPO
S P Apparels IPO	Dilip Buildcon IPO
Dilip Buildcon IPO	Advanced Enzyme IPO
Advanced Enzyme IPO	L&T Infotech IPO
L&T Infotech IPO	Quess Corp IPO

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