Indian Energy Exchange IPO vs Reliance Nippon Life IPO

Comparision between Indian Energy Exchange IPO and Reliance Nippon Life IPO.

IPO Details

Indian Energy Exchange 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.

	Indian Energy Exchange 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	Axis Bank Limited Iifl Securities Ltd Kotak Mahindra Capital Company 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 Indian Energy Exchange IPO is up to ₹1,000.73 Cr whereas the issue size of the Reliance Nippon Life IPO is up to ₹1,542.24 Cr. The final issue price of Indian Energy Exchange IPO is ₹1,650.00 per share and of Reliance Nippon Life IPO is ₹252.00 per share.

	Indian Energy Exchange IPO	Reliance Nippon Life IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹1,645.00 per share	₹247.00 per share
Issue Price (Upper)	₹1,650.00 per share	₹252.00 per share
Issue Price (Final)	₹1,650.00 per share	₹252.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	9 shares	59 shares
Fresh Issue Size		2,44,80,000 shares
Fresh Issue Size (Amount)
OFS Issue Size	60,65,009 shares	3,67,20,000 shares
OFS Issue Size (Amount)
Issue Size Total	60,65,009 shares	6,12,00,000 shares
Issue Size Total (Amount)	up to ₹1,000.73 Cr	up to ₹1,542.24 Cr

IPO Timetable

Indian Energy Exchange IPO opens on Oct 09, 2017, while Reliance Nippon Life IPO opens on Oct 25, 2017. The closing date of Indian Energy Exchange IPO and Reliance Nippon Life IPO is Oct 11, 2017, and Oct 27, 2017, respectively.

	Indian Energy Exchange IPO	Reliance Nippon Life IPO
Anchor Bid Date
Issue Open	Oct 09, 2017	Oct 25, 2017
Issue Close	Oct 11, 2017	Oct 27, 2017
Basis Of Allotment (Tentative)		Nov 01, 2017
Initiation of Refunds (Tentative)		Nov 03, 2017
Credit of Share (Tentative)		Nov 03, 2017
Listing date (Tentative)		Nov 06, 2017
Anchor Lockin End date 1		Dec 01, 2017
Anchor Lockin End date 2		Jan 30, 2018

Financials

Indian Energy Exchange IPO P/E ratio is , as compared to Reliance Nippon Life IPO P/E ratio of .

Indian Energy Exchange IPO

Reliance Nippon Life 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	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 Indian Energy Exchange IPO retail investors (RII) are offered 21,22,754 shares while in Reliance Nippon Life 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 1,22,40,000 shares in Reliance Nippon Life IPO.

	Indian Energy Exchange IPO	Reliance Nippon Life IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	12,13,002 shares	1,22,40,000 shares
NII	9,09,752 shares	91,80,000 shares
RII	21,22,754 shares	2,14,20,000 shares
Employee
Others
Total	42,45,508 shares	4,28,40,000 shares

Bids Received (Subscription)

Indian Energy Exchange IPO subscribed 2.28x in total, whereas Reliance Nippon Life IPO subscribed 81.54x.

	Indian Energy Exchange IPO	Reliance Nippon Life IPO
QIB (times)	2.56x	118.40x
NII (times)	0.85x	209.44x
Big NII (times)
Small NII (times)
RII (times)	2.61x	5.65x
Employee (times)
Other (times)
Total (times)	2.28x	81.54x

Compare with others

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

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