Mahindra Logistics IPO vs New India Assurance IPO

Comparision between Mahindra Logistics IPO and New India Assurance IPO.

IPO Details

Mahindra Logistics 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.

	Mahindra Logistics 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	Axis Bank Limited Kotak Mahindra Capital Company 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 Mahindra Logistics IPO is up to ₹829.36 Cr whereas the issue size of the New India Assurance IPO is up to ₹9,600.00 Cr. The final issue price of Mahindra Logistics IPO is ₹429.00 per share and of New India Assurance IPO is ₹800.00 per share.

	Mahindra Logistics IPO	New India Assurance IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹425.00 per share	₹770.00 per share
Issue Price (Upper)	₹429.00 per share	₹800.00 per share
Issue Price (Final)	₹429.00 per share	₹800.00 per share
Discount (Retail)		₹30.00 per share
Discount (Employee)		₹30.00 per share
Market Lot Size	34 shares	18 shares
Fresh Issue Size		2,40,00,000 shares
Fresh Issue Size (Amount)
OFS Issue Size	1,93,32,346 shares	9,60,00,000 shares
OFS Issue Size (Amount)
Issue Size Total	1,93,32,346 shares	12,00,00,000 shares
Issue Size Total (Amount)	up to ₹829.36 Cr	up to ₹9,600.00 Cr

IPO Timetable

Mahindra Logistics IPO opens on Oct 31, 2017, while New India Assurance IPO opens on Nov 01, 2017. The closing date of Mahindra Logistics IPO and New India Assurance IPO is Nov 02, 2017, and Nov 03, 2017, respectively.

	Mahindra Logistics IPO	New India Assurance IPO
Anchor Bid Date
Issue Open	Oct 31, 2017	Nov 01, 2017
Issue Close	Nov 02, 2017	Nov 03, 2017
Basis Of Allotment (Tentative)	Nov 08, 2017	Nov 08, 2017
Initiation of Refunds (Tentative)	Nov 09, 2017	Nov 09, 2017
Credit of Share (Tentative)	Nov 09, 2017	Nov 10, 2017
Listing date (Tentative)	Nov 10, 2017	Nov 13, 2017
Anchor Lockin End date 1	Dec 08, 2017	Dec 08, 2017
Anchor Lockin End date 2	Feb 06, 2018	Feb 06, 2018

Financials

Mahindra Logistics IPO P/E ratio is , as compared to New India Assurance IPO P/E ratio of .

Mahindra Logistics 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
Total Assets	8,167.17	5,914.67	5,188.47
Total Revenue	26,762.52	20,771.25	19,395.55
Profit After Tax	460.69	359.68	385.24

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 Mahindra Logistics IPO retail investors (RII) are offered 67,22,572 shares while in New India Assurance IPO retail investors are offered 67,22,572 shares. Qualified institutional buyers (QIB) are offered 38,41,469 shares in Mahindra Logistics IPO and 5,82,00,000 shares in New India Assurance IPO.

	Mahindra Logistics IPO	New India Assurance IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	38,41,469 shares	5,82,00,000 shares
NII	28,81,102 shares	1,74,60,000 shares
RII	67,22,572 shares	4,07,40,000 shares
Employee	1,25,000 shares	36,00,000 shares
Others
Total	1,35,70,143 shares	12,00,00,000 shares

Bids Received (Subscription)

Mahindra Logistics IPO subscribed 7.90x in total, whereas New India Assurance IPO subscribed 1.20x.

	Mahindra Logistics IPO	New India Assurance IPO
QIB (times)	15.60x	2.34x
NII (times)	2.07x	0.11x
Big NII (times)
Small NII (times)
RII (times)	6.10x	0.11x
Employee (times)	1.94x	0.20x
Other (times)
Total (times)	7.90x	1.20x

Compare with others

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

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