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HDFC Life IPO vs Reliance Nippon Life IPO

Comparision between HDFC Life IPO and Reliance Nippon Life IPO.

Issue Size and Price

The total issue size of HDFC Life IPO is up to ₹8,695.01 Cr whereas the issue size of the Reliance Nippon Life IPO is up to ₹1,542.24 Cr. The final issue price of HDFC Life IPO is ₹290.00 per share and of Reliance Nippon Life IPO is ₹252.00 per share.

  HDFC Life IPO Reliance Nippon Life IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹275.00 per share ₹247.00 per share
Issue Price (Upper) ₹290.00 per share ₹252.00 per share
Issue Price (Final) ₹290.00 per share ₹252.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 50 shares 59 shares
Fresh Issue Size 2,44,80,000 shares
Fresh Issue Size (Amount)
OFS Issue Size 29,98,27,818 shares 3,67,20,000 shares
OFS Issue Size (Amount)
Issue Size Total 29,98,27,818 shares 6,12,00,000 shares
Issue Size Total (Amount) up to ₹8,695.01 Cr up to ₹1,542.24 Cr

IPO Timetable

HDFC Life IPO opens on Nov 07, 2017, while Reliance Nippon Life IPO opens on Oct 25, 2017. The closing date of HDFC Life IPO and Reliance Nippon Life IPO is Nov 09, 2017, and Oct 27, 2017, respectively.

  HDFC Life IPO Reliance Nippon Life IPO
Anchor Bid Date
Issue Open Nov 07, 2017 Oct 25, 2017
Issue Close Nov 09, 2017 Oct 27, 2017
Basis Of Allotment (Tentative) Nov 14, 2017 Nov 01, 2017
Initiation of Refunds (Tentative) Nov 15, 2017 Nov 03, 2017
Credit of Share (Tentative) Nov 16, 2017 Nov 03, 2017
Listing date (Tentative) Nov 17, 2017 Nov 06, 2017
Anchor Lockin End date 1 Dec 14, 2017 Dec 01, 2017
Anchor Lockin End date 2 Feb 12, 2018 Jan 30, 2018

Financials

HDFC Life IPO P/E ratio is , as compared to Reliance Nippon Life IPO P/E ratio of .

  HDFC Life 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 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 HDFC Life IPO retail investors (RII) are offered 9,34,13,431 shares while in Reliance Nippon Life IPO retail investors are offered 9,34,13,431 shares. Qualified institutional buyers (QIB) are offered 5,33,79,158 shares in HDFC Life IPO and 1,22,40,000 shares in Reliance Nippon Life IPO.

  HDFC Life IPO Reliance Nippon Life IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB 5,33,79,158 shares 1,22,40,000 shares
NII 4,00,34,328 shares 91,80,000 shares
RII 9,34,13,431 shares 2,14,20,000 shares
Employee 29,49,520 shares
Others
Total 21,97,59,218 shares 4,28,40,000 shares

Bids Received (Subscription)

HDFC Life IPO subscribed 4.89x in total, whereas Reliance Nippon Life IPO subscribed 81.54x.

  HDFC Life IPO Reliance Nippon Life IPO
QIB (times) 16.60x 118.40x
NII (times) 2.29x 209.44x
Big NII (times)
Small NII (times)
RII (times) 0.91x 5.65x
Employee (times) 1.22x
Other (times) 0.29x
Total (times) 4.89x 81.54x

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