Khadim India IPO vs Reliance Nippon Life IPO

Comparision between Khadim India IPO and Reliance Nippon Life IPO.

IPO Details

Khadim India 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.

	Khadim India IPO	Reliance Nippon Life 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 Idfc Bank Limited	Axis Capital Limited Clsa India Private Limited Edelweiss Financial Services Ltd Iifl Securities Ltd Jm Financial Limited Nomura Financial Advisory And Securities (India) Pvt Ltd SBI Capital Markets Limited Yes Bank 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 Khadim India IPO is up to ₹543.06 Cr whereas the issue size of the Reliance Nippon Life IPO is up to ₹1,542.24 Cr. The final issue price of Khadim India IPO is ₹750.00 per share and of Reliance Nippon Life IPO is ₹252.00 per share.

	Khadim India IPO	Reliance Nippon Life IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹745.00 per share	₹247.00 per share
Issue Price (Upper)	₹750.00 per share	₹252.00 per share
Issue Price (Final)	₹750.00 per share	₹252.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	20 shares	59 shares
Fresh Issue Size		2,44,80,000 shares
Fresh Issue Size (Amount)	up to ₹50.00 Cr
OFS Issue Size	65,74,093 shares	3,67,20,000 shares
OFS Issue Size (Amount)
Issue Size Total	72,40,759 shares	6,12,00,000 shares
Issue Size Total (Amount)	up to ₹543.06 Cr	up to ₹1,542.24 Cr

IPO Timetable

Khadim India IPO opens on Nov 02, 2017, while Reliance Nippon Life IPO opens on Oct 25, 2017. The closing date of Khadim India IPO and Reliance Nippon Life IPO is Nov 06, 2017, and Oct 27, 2017, respectively.

	Khadim India IPO	Reliance Nippon Life IPO
Anchor Bid Date
Issue Open	Nov 02, 2017	Oct 25, 2017
Issue Close	Nov 06, 2017	Oct 27, 2017
Basis Of Allotment (Tentative)	Nov 10, 2017	Nov 01, 2017
Initiation of Refunds (Tentative)	Nov 13, 2017	Nov 03, 2017
Credit of Share (Tentative)	Nov 13, 2017	Nov 03, 2017
Listing date (Tentative)	Nov 14, 2017	Nov 06, 2017
Anchor Lockin End date 1	Dec 10, 2017	Dec 01, 2017
Anchor Lockin End date 2	Feb 08, 2018	Jan 30, 2018

Financials

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

Khadim India IPO

Reliance Nippon Life IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. million)
	31-Mar-17	31-Mar-16	31-Mar-15
Total Assets	4098.00	3522.98	3456.04
Total Revenue	6255.47	5388.30	4657.04
Profit After Tax	307.56	252.44	(186.57)

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 Khadim India IPO retail investors (RII) are offered 25,35,832 shares while in Reliance Nippon Life IPO retail investors are offered 25,35,832 shares. Qualified institutional buyers (QIB) are offered 14,50,389 shares in Khadim India IPO and 1,22,40,000 shares in Reliance Nippon Life IPO.

	Khadim India IPO	Reliance Nippon Life IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	14,50,389 shares	1,22,40,000 shares
NII	10,86,785 shares	91,80,000 shares
RII	25,35,832 shares	2,14,20,000 shares
Employee
Others
Total	50,73,006 shares	4,28,40,000 shares

Bids Received (Subscription)

Khadim India IPO subscribed 1.90x in total, whereas Reliance Nippon Life IPO subscribed 81.54x.

	Khadim India IPO	Reliance Nippon Life IPO
QIB (times)	2.45x	118.40x
NII (times)	0.18x	209.44x
Big NII (times)
Small NII (times)
RII (times)	2.34x	5.65x
Employee (times)
Other (times)
Total (times)	1.90x	81.54x

Compare with others

Khadim India IPO	Reliance Nippon Life IPO
Apollo Micro Systems IPO	Astron Paper IPO
Shalby Hospital IPO	HDFC Life IPO
Future Supply Chain IPO	Khadim India IPO
Astron Paper IPO	New India Assurance IPO
HDFC Life IPO	Mahindra Logistics 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

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