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General Insurance Corporation IPO vs SBI Life Insurance IPO

Comparision between General Insurance Corporation IPO and SBI Life Insurance IPO.

IPO Details

General Insurance Corporation 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.

Issue Size and Price

The total issue size of General Insurance Corporation IPO is up to ₹11,175.84 Cr whereas the issue size of the SBI Life Insurance IPO is up to ₹8,400.00 Cr. The final issue price of General Insurance Corporation IPO is ₹912.00 per share and of SBI Life Insurance IPO is ₹700.00 per share.

  General Insurance Corporation IPO SBI Life Insurance IPO
Face Value ₹5 per share ₹10 per share
Issue Price (Lower) ₹855.00 per share ₹685.00 per share
Issue Price (Upper) ₹912.00 per share ₹700.00 per share
Issue Price (Final) ₹912.00 per share ₹700.00 per share
Discount (Retail) ₹45.00 per share
Discount (Employee) ₹45.00 per share
Market Lot Size 16 shares 21 shares
Fresh Issue Size 1,72,00,000 shares
Fresh Issue Size (Amount)
OFS Issue Size 10,75,00,000 shares 12,00,00,000 shares
OFS Issue Size (Amount)
Issue Size Total 12,47,00,000 shares 12,00,00,000 shares
Issue Size Total (Amount) up to ₹11,175.84 Cr up to ₹8,400.00 Cr

IPO Timetable

General Insurance Corporation IPO opens on Oct 11, 2017, while SBI Life Insurance IPO opens on Sep 20, 2017. The closing date of General Insurance Corporation IPO and SBI Life Insurance IPO is Oct 13, 2017, and Sep 22, 2017, respectively.

  General Insurance Corporation IPO SBI Life Insurance IPO
Anchor Bid Date
Issue Open Oct 11, 2017 Sep 20, 2017
Issue Close Oct 13, 2017 Sep 22, 2017
Basis Of Allotment (Tentative) Oct 18, 2017 Sep 27, 2017
Initiation of Refunds (Tentative) Oct 23, 2017 Sep 28, 2017
Credit of Share (Tentative) Oct 24, 2017 Sep 29, 2017
Listing date (Tentative) Oct 25, 2017 Oct 03, 2017
Anchor Lockin End date 1 Nov 17, 2017 Oct 27, 2017
Anchor Lockin End date 2 Jan 16, 2018 Dec 26, 2017

Financials

General Insurance Corporation IPO P/E ratio is , as compared to SBI Life Insurance IPO P/E ratio of .

  General Insurance Corporation 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 485,269.54 406,375.76 430,986.15 332,005.86 281,390.59
Total Revenue 36,441.79 32,340.78 30,995.34 26,985.09 25,111.20
Profit After Tax 28,578.52 26,549.18 28,026.85 23,218.42 22,888.64
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 General Insurance Corporation IPO retail investors (RII) are offered 4,35,94,532 shares while in SBI Life Insurance IPO retail investors are offered 4,35,94,532 shares. Qualified institutional buyers (QIB) are offered 6,22,77,900 shares in General Insurance Corporation IPO and 2,12,00,000 shares in SBI Life Insurance IPO.

  General Insurance Corporation IPO SBI Life Insurance IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB 6,22,77,900 shares 2,12,00,000 shares
NII 1,86,83,371 shares 1,59,00,000 shares
RII 4,35,94,532 shares 3,71,00,000 shares
Employee 1,44,197 shares 20,00,000 shares
Others
Total 12,47,00,000 shares 8,82,00,000 shares

Bids Received (Subscription)

General Insurance Corporation IPO subscribed 1.38x in total, whereas SBI Life Insurance IPO subscribed 3.55x.

  General Insurance Corporation IPO SBI Life Insurance IPO
QIB (times) 2.25x 12.56x
NII (times) 0.22x 0.70x
Big NII (times)
Small NII (times)
RII (times) 0.63x 0.81x
Employee (times) 0.94x 1.02x
Other (times) 0.38x
Total (times) 1.38x 3.55x

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