MAS Financial IPO vs New India Assurance IPO

Comparision between MAS Financial IPO and New India Assurance IPO.

IPO Details

MAS Financial 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.

	MAS Financial IPO	New India Assurance 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	Motilal Oswal Investment Advisors Limited	Axis Bank Limited Idfc Bank Limited Kotak Mahindra Capital Company Limited Nomura Financial Advisory And Securities (India) Pvt Ltd Yes Bank Limited
Registrar	Link Intime India Private Ltd	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 MAS Financial IPO is up to ₹460.04 Cr whereas the issue size of the New India Assurance IPO is up to ₹9,600.00 Cr. The final issue price of MAS Financial IPO is ₹459.00 per share and of New India Assurance IPO is ₹800.00 per share.

	MAS Financial IPO	New India Assurance IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹456.00 per share	₹770.00 per share
Issue Price (Upper)	₹459.00 per share	₹800.00 per share
Issue Price (Final)	₹459.00 per share	₹800.00 per share
Discount (Retail)		₹30.00 per share
Discount (Employee)		₹30.00 per share
Market Lot Size	32 shares	18 shares
Fresh Issue Size		2,40,00,000 shares
Fresh Issue Size (Amount)	up to ₹233.00 Cr
OFS Issue Size		9,60,00,000 shares
OFS Issue Size (Amount)	up to ₹227.04 Cr
Issue Size Total		12,00,00,000 shares
Issue Size Total (Amount)	up to ₹460.04 Cr	up to ₹9,600.00 Cr

IPO Timetable

MAS Financial IPO opens on Oct 06, 2017, while New India Assurance IPO opens on Nov 01, 2017. The closing date of MAS Financial IPO and New India Assurance IPO is Oct 10, 2017, and Nov 03, 2017, respectively.

	MAS Financial IPO	New India Assurance IPO
Anchor Bid Date
Issue Open	Oct 06, 2017	Nov 01, 2017
Issue Close	Oct 10, 2017	Nov 03, 2017
Basis Of Allotment (Tentative)	Oct 13, 2017	Nov 08, 2017
Initiation of Refunds (Tentative)	Oct 16, 2017	Nov 09, 2017
Credit of Share (Tentative)	Oct 17, 2017	Nov 10, 2017
Listing date (Tentative)	Oct 18, 2017	Nov 13, 2017
Anchor Lockin End date 1	Nov 12, 2017	Dec 08, 2017
Anchor Lockin End date 2	Jan 11, 2018	Feb 06, 2018

Financials

MAS Financial IPO P/E ratio is , as compared to New India Assurance IPO P/E ratio of .

MAS Financial IPO

New India Assurance 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	20,244.79	18,126.51	14,877.85	10,776.32	7,715.68
Total Revenue	3,415.17	2,887.04	2,265.28	1,776.78	1,388.47
Profit After Tax	674.17	500.08	388.20	316.76	268.39

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 MAS Financial IPO retail investors (RII) are offered 34,77,296 shares while in New India Assurance IPO retail investors are offered 34,77,296 shares. Qualified institutional buyers (QIB) are offered 19,87,028 shares in MAS Financial IPO and 5,82,00,000 shares in New India Assurance IPO.

	MAS Financial IPO	New India Assurance IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	19,87,028 shares	5,82,00,000 shares
NII	14,90,270 shares	1,74,60,000 shares
RII	34,77,296 shares	4,07,40,000 shares
Employee	1,70,316 shares	36,00,000 shares
Others
Total	71,24,910 shares	12,00,00,000 shares

Bids Received (Subscription)

MAS Financial IPO subscribed 128.39x in total, whereas New India Assurance IPO subscribed 1.20x.

	MAS Financial IPO	New India Assurance IPO
QIB (times)	148.33x	2.34x
NII (times)	378.53x	0.11x
Big NII (times)
Small NII (times)
RII (times)	15.97x	0.11x
Employee (times)	2.41x	0.20x
Other (times)
Total (times)	128.39x	1.20x

Compare with others

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

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