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Indian Energy Exchange IPO vs New India Assurance IPO

Comparision between Indian Energy Exchange IPO and New India Assurance IPO.

IPO Details

Indian Energy Exchange IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while New India Assurance IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Indian Energy Exchange IPO is up to ₹1,000.73 Cr whereas the issue size of the New India Assurance IPO is up to ₹9,600.00 Cr. The final issue price of Indian Energy Exchange IPO is ₹1,650.00 per share and of New India Assurance IPO is ₹800.00 per share.

  Indian Energy Exchange IPO New India Assurance IPO
Face Value ₹10 per share ₹5 per share
Issue Price (Lower) ₹1,645.00 per share ₹770.00 per share
Issue Price (Upper) ₹1,650.00 per share ₹800.00 per share
Issue Price (Final) ₹1,650.00 per share ₹800.00 per share
Discount (Retail) ₹30.00 per share
Discount (Employee) ₹30.00 per share
Market Lot Size 9 shares 18 shares
Fresh Issue Size 2,40,00,000 shares
Fresh Issue Size (Amount)
OFS Issue Size 60,65,009 shares 9,60,00,000 shares
OFS Issue Size (Amount)
Issue Size Total 60,65,009 shares 12,00,00,000 shares
Issue Size Total (Amount) up to ₹1,000.73 Cr up to ₹9,600.00 Cr

IPO Timetable

Indian Energy Exchange IPO opens on Oct 09, 2017, while New India Assurance IPO opens on Nov 01, 2017. The closing date of Indian Energy Exchange IPO and New India Assurance IPO is Oct 11, 2017, and Nov 03, 2017, respectively.

  Indian Energy Exchange IPO New India Assurance IPO
Anchor Bid Date
Issue Open Oct 09, 2017 Nov 01, 2017
Issue Close Oct 11, 2017 Nov 03, 2017
Basis Of Allotment (Tentative) Nov 08, 2017
Initiation of Refunds (Tentative) Nov 09, 2017
Credit of Share (Tentative) Nov 10, 2017
Listing date (Tentative) Nov 13, 2017
Anchor Lockin End date 1 Dec 08, 2017
Anchor Lockin End date 2 Feb 06, 2018

Financials

Indian Energy Exchange IPO P/E ratio is , as compared to New India Assurance IPO P/E ratio of .

  Indian Energy Exchange IPO New India Assurance 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 31-Mar-14 31-Mar-13
Total Assets 5,517.14 4,237.55 4,057.37 3,688.67 2,822.16
Total Revenue 2,374.23 2,001.40 1,763.78 1,739.90 1,383.65
Profit After Tax 1,135.65 1,003.40 900.18 919.45 662.96
Summary of financial Information (Consolidated)
Particulars For the year/period ended (in Rs. million)
31-Mar-17 31-Mar-16 31-Mar-15
Total Assets 365,668.25 316,338.34 345,410.14
Total Revenue 205,536.23 176,727.27 157,110.83
Profit After Tax 8,398.60 9,303.54 13,773.23
Promoter Shareholding (Pre-Issue)
Promoter Shareholding (Post-Issue)
P/E Ratio
Market Cap
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Indian Energy Exchange IPO retail investors (RII) are offered 21,22,754 shares while in New India Assurance IPO retail investors are offered 21,22,754 shares. Qualified institutional buyers (QIB) are offered 12,13,002 shares in Indian Energy Exchange IPO and 5,82,00,000 shares in New India Assurance IPO.

  Indian Energy Exchange IPO New India Assurance IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB 12,13,002 shares 5,82,00,000 shares
NII 9,09,752 shares 1,74,60,000 shares
RII 21,22,754 shares 4,07,40,000 shares
Employee 36,00,000 shares
Others
Total 42,45,508 shares 12,00,00,000 shares

Bids Received (Subscription)

Indian Energy Exchange IPO subscribed 2.28x in total, whereas New India Assurance IPO subscribed 1.20x.

  Indian Energy Exchange IPO New India Assurance IPO
QIB (times) 2.56x 2.34x
NII (times) 0.85x 0.11x
Big NII (times)
Small NII (times)
RII (times) 2.61x 0.11x
Employee (times) 0.20x
Other (times)
Total (times) 2.28x 1.20x

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