ICICI Lombard IPO vs SBI Life Insurance IPO

Comparision between ICICI Lombard IPO and SBI Life Insurance IPO.

IPO Details

ICICI Lombard 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.

	ICICI Lombard IPO	SBI Life Insurance 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	Clsa India Private Limited Edelweiss Financial Services Ltd Jm Financial Limited	Axis Capital Limited Bnp Paribas Citigroup Global Markets India Private Limited Deutsche Equities India Private Limited ICICI Securities Limited Jm Financial Limited Kotak Mahindra Capital Company Limited SBI Capital Markets Limited
Registrar	Kfin Technologies Limited	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 ICICI Lombard IPO is up to ₹5,700.94 Cr whereas the issue size of the SBI Life Insurance IPO is up to ₹8,400.00 Cr. The final issue price of ICICI Lombard IPO is ₹661.00 per share and of SBI Life Insurance IPO is ₹700.00 per share.

	ICICI Lombard IPO	SBI Life Insurance IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹651.00 per share	₹685.00 per share
Issue Price (Upper)	₹661.00 per share	₹700.00 per share
Issue Price (Final)	₹661.00 per share	₹700.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	22 shares	21 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size		12,00,00,000 shares
OFS Issue Size (Amount)
Issue Size Total	8,62,47,187 shares	12,00,00,000 shares
Issue Size Total (Amount)	up to ₹5,700.94 Cr	up to ₹8,400.00 Cr

IPO Timetable

ICICI Lombard IPO opens on Sep 15, 2017, while SBI Life Insurance IPO opens on Sep 20, 2017. The closing date of ICICI Lombard IPO and SBI Life Insurance IPO is Sep 19, 2017, and Sep 22, 2017, respectively.

	ICICI Lombard IPO	SBI Life Insurance IPO
Anchor Bid Date
Issue Open	Sep 15, 2017	Sep 20, 2017
Issue Close	Sep 19, 2017	Sep 22, 2017
Basis Of Allotment (Tentative)	Sep 22, 2017	Sep 27, 2017
Initiation of Refunds (Tentative)	Sep 25, 2017	Sep 28, 2017
Credit of Share (Tentative)	Sep 26, 2017	Sep 29, 2017
Listing date (Tentative)	Sep 27, 2017	Oct 03, 2017
Anchor Lockin End date 1	Oct 22, 2017	Oct 27, 2017
Anchor Lockin End date 2	Dec 21, 2017	Dec 26, 2017

Financials

ICICI Lombard IPO P/E ratio is , as compared to SBI Life Insurance IPO P/E ratio of .

ICICI Lombard 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	48,885.8	35,445.0	32,414.2	25,070.8	20,290.5
Total Revenue	9,836.5	7,242.2	7,424.4	5,563.1	4,162.1
Profit After Tax	6,418.2	5,053.4	5,853.2	5,200.7	3,527.8

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 ICICI Lombard IPO retail investors (RII) are offered 2,86,77,190 shares while in SBI Life Insurance IPO retail investors are offered 2,86,77,190 shares. Qualified institutional buyers (QIB) are offered 1,63,86,966 shares in ICICI Lombard IPO and 2,12,00,000 shares in SBI Life Insurance IPO.

	ICICI Lombard IPO	SBI Life Insurance IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,63,86,966 shares	2,12,00,000 shares
NII	1,22,90,225 shares	1,59,00,000 shares
RII	2,86,77,190 shares	3,71,00,000 shares
Employee		20,00,000 shares
Others
Total	6,16,66,740 shares	8,82,00,000 shares

Bids Received (Subscription)

ICICI Lombard IPO subscribed 2.98x in total, whereas SBI Life Insurance IPO subscribed 3.55x.

	ICICI Lombard IPO	SBI Life Insurance IPO
QIB (times)	8.17x	12.56x
NII (times)	0.83x	0.70x
Big NII (times)
Small NII (times)
RII (times)	1.23x	0.81x
Employee (times)		1.02x
Other (times)	0.99x	0.38x
Total (times)	2.98x	3.55x

Compare with others

ICICI Lombard IPO	SBI Life Insurance IPO
Reliance Nippon Life IPO	General Insurance Corporation IPO
General Insurance Corporation IPO	Indian Energy Exchange IPO
Indian Energy Exchange IPO	MAS Financial IPO
MAS Financial IPO	Godrej Agrovet IPO
Godrej Agrovet IPO	ICICI Lombard IPO
SBI Life Insurance IPO	Capacite Infra IPO
Capacite Infra IPO	Matrimony IPO
Matrimony IPO	Prataap Snacks
Prataap Snacks	Dixon IPO
Dixon IPO	Bharat Road Network IPO

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