MAS Financial IPO vs SBI Life Insurance IPO

Comparision between MAS Financial IPO and SBI Life Insurance IPO.

IPO Details

MAS Financial IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while SBI Life Insurance IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	MAS Financial IPO	SBI Life Insurance 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 Capital Limited Bnp Paribas Citigroup Global Markets India Private Limited Deutsche Equities India Private Limited ICICI Securities Limited Jm Financial Limited Kotak Mahindra Capital Company Limited SBI Capital Markets 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 MAS Financial IPO is up to ₹460.04 Cr whereas the issue size of the SBI Life Insurance IPO is up to ₹8,400.00 Cr. The final issue price of MAS Financial IPO is ₹459.00 per share and of SBI Life Insurance IPO is ₹700.00 per share.

	MAS Financial IPO	SBI Life Insurance IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹456.00 per share	₹685.00 per share
Issue Price (Upper)	₹459.00 per share	₹700.00 per share
Issue Price (Final)	₹459.00 per share	₹700.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	32 shares	21 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹233.00 Cr
OFS Issue Size		12,00,00,000 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 ₹8,400.00 Cr

IPO Timetable

MAS Financial IPO opens on Oct 06, 2017, while SBI Life Insurance IPO opens on Sep 20, 2017. The closing date of MAS Financial IPO and SBI Life Insurance IPO is Oct 10, 2017, and Sep 22, 2017, respectively.

	MAS Financial IPO	SBI Life Insurance IPO
Anchor Bid Date
Issue Open	Oct 06, 2017	Sep 20, 2017
Issue Close	Oct 10, 2017	Sep 22, 2017
Basis Of Allotment (Tentative)	Oct 13, 2017	Sep 27, 2017
Initiation of Refunds (Tentative)	Oct 16, 2017	Sep 28, 2017
Credit of Share (Tentative)	Oct 17, 2017	Sep 29, 2017
Listing date (Tentative)	Oct 18, 2017	Oct 03, 2017
Anchor Lockin End date 1	Nov 12, 2017	Oct 27, 2017
Anchor Lockin End date 2	Jan 11, 2018	Dec 26, 2017

Financials

MAS Financial IPO P/E ratio is , as compared to SBI Life Insurance IPO P/E ratio of .

MAS Financial IPO

SBI Life Insurance 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
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	26,782.89	23,110.62	25,516.19	24,341.77	19,756.78
Total Revenue	302,775.13	191,197.24	231,864.86	173,694.22	149,755.25
Profit After Tax	9,546.53	8,441.03	8,148.67	7,277.53	6,301.12

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 SBI Life Insurance IPO retail investors are offered 34,77,296 shares. Qualified institutional buyers (QIB) are offered 19,87,028 shares in MAS Financial IPO and 2,12,00,000 shares in SBI Life Insurance IPO.

	MAS Financial IPO	SBI Life Insurance IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	19,87,028 shares	2,12,00,000 shares
NII	14,90,270 shares	1,59,00,000 shares
RII	34,77,296 shares	3,71,00,000 shares
Employee	1,70,316 shares	20,00,000 shares
Others
Total	71,24,910 shares	8,82,00,000 shares

Bids Received (Subscription)

MAS Financial IPO subscribed 128.39x in total, whereas SBI Life Insurance IPO subscribed 3.55x.

	MAS Financial IPO	SBI Life Insurance IPO
QIB (times)	148.33x	12.56x
NII (times)	378.53x	0.70x
Big NII (times)
Small NII (times)
RII (times)	15.97x	0.81x
Employee (times)	2.41x	1.02x
Other (times)		0.38x
Total (times)	128.39x	3.55x

Compare with others

MAS Financial IPO	SBI Life Insurance IPO
New India Assurance IPO	General Insurance Corporation IPO
Mahindra Logistics IPO	Indian Energy Exchange IPO
Reliance Nippon Life IPO	MAS Financial IPO
General Insurance Corporation IPO	Godrej Agrovet IPO
Indian Energy Exchange IPO	ICICI Lombard IPO
Godrej Agrovet IPO	Capacite Infra IPO
ICICI Lombard IPO	Matrimony IPO
SBI Life Insurance IPO	Prataap Snacks
Capacite Infra IPO	Dixon IPO
Matrimony IPO	Bharat Road Network IPO

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