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New India Assurance IPO vs Reliance Nippon Life IPO

Comparision between New India Assurance IPO and Reliance Nippon Life IPO.

IPO Details

New India Assurance 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.

Issue Size and Price

The total issue size of New India Assurance IPO is up to ₹9,600.00 Cr whereas the issue size of the Reliance Nippon Life IPO is up to ₹1,542.24 Cr. The final issue price of New India Assurance IPO is ₹800.00 per share and of Reliance Nippon Life IPO is ₹252.00 per share.

  New India Assurance IPO Reliance Nippon Life IPO
Face Value ₹5 per share ₹10 per share
Issue Price (Lower) ₹770.00 per share ₹247.00 per share
Issue Price (Upper) ₹800.00 per share ₹252.00 per share
Issue Price (Final) ₹800.00 per share ₹252.00 per share
Discount (Retail) ₹30.00 per share
Discount (Employee) ₹30.00 per share
Market Lot Size 18 shares 59 shares
Fresh Issue Size 2,40,00,000 shares 2,44,80,000 shares
Fresh Issue Size (Amount)
OFS Issue Size 9,60,00,000 shares 3,67,20,000 shares
OFS Issue Size (Amount)
Issue Size Total 12,00,00,000 shares 6,12,00,000 shares
Issue Size Total (Amount) up to ₹9,600.00 Cr up to ₹1,542.24 Cr

IPO Timetable

New India Assurance IPO opens on Nov 01, 2017, while Reliance Nippon Life IPO opens on Oct 25, 2017. The closing date of New India Assurance IPO and Reliance Nippon Life IPO is Nov 03, 2017, and Oct 27, 2017, respectively.

  New India Assurance IPO Reliance Nippon Life IPO
Anchor Bid Date
Issue Open Nov 01, 2017 Oct 25, 2017
Issue Close Nov 03, 2017 Oct 27, 2017
Basis Of Allotment (Tentative) Nov 08, 2017 Nov 01, 2017
Initiation of Refunds (Tentative) Nov 09, 2017 Nov 03, 2017
Credit of Share (Tentative) Nov 10, 2017 Nov 03, 2017
Listing date (Tentative) Nov 13, 2017 Nov 06, 2017
Anchor Lockin End date 1 Dec 08, 2017 Dec 01, 2017
Anchor Lockin End date 2 Feb 06, 2018 Jan 30, 2018

Financials

New India Assurance IPO P/E ratio is , as compared to Reliance Nippon Life IPO P/E ratio of .

  New India Assurance IPO Reliance Nippon Life 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 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
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 New India Assurance IPO retail investors (RII) are offered 4,07,40,000 shares while in Reliance Nippon Life IPO retail investors are offered 4,07,40,000 shares. Qualified institutional buyers (QIB) are offered 5,82,00,000 shares in New India Assurance IPO and 1,22,40,000 shares in Reliance Nippon Life IPO.

  New India Assurance IPO Reliance Nippon Life IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB 5,82,00,000 shares 1,22,40,000 shares
NII 1,74,60,000 shares 91,80,000 shares
RII 4,07,40,000 shares 2,14,20,000 shares
Employee 36,00,000 shares
Others
Total 12,00,00,000 shares 4,28,40,000 shares

Bids Received (Subscription)

New India Assurance IPO subscribed 1.20x in total, whereas Reliance Nippon Life IPO subscribed 81.54x.

  New India Assurance IPO Reliance Nippon Life IPO
QIB (times) 2.34x 118.40x
NII (times) 0.11x 209.44x
Big NII (times)
Small NII (times)
RII (times) 0.11x 5.65x
Employee (times) 0.20x
Other (times)
Total (times) 1.20x 81.54x

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