GIC IPO vs MAS Financial IPO

Comparison between GIC IPO and MAS Financial IPO.

IPO Details

GIC IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while MAS Financial IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of GIC IPO is up to ₹11,256.83 Cr whereas the issue size of the MAS Financial IPO is up to ₹460.04 Cr. The final issue price of GIC IPO is ₹912.00 per share and of MAS Financial IPO is ₹459.00 per share.

 GIC IPOMAS Financial IPO
Face Value₹5 per share₹10 per share
Issue Price (Lower)₹855.00 per share₹456.00 per share
Issue Price (Upper)₹912.00 per share₹459.00 per share
Issue Price (Final)₹912.00 per share₹459.00 per share
Discount (Retail)₹45.00 per share₹0.00 per share
Discount (Employee)₹45.00 per share₹45.00 per share
Market Lot Size16 shares32 shares
Fresh Issue Size1,72,00,000 shares50,92,829 shares
Fresh Issue Size (Amount)up to ₹1,552.67 Crup to ₹233.37 Cr
OFS Issue Size10,75,00,000 shares49,46,448 shares
OFS Issue Size (Amount)up to ₹9,704.16 Crup to ₹226.67 Cr
Issue Size Total12,47,00,000 shares1,00,39,277 shares
Issue Size Total (Amount)up to ₹11,256.83 Crup to ₹460.04 Cr

IPO Timetable

GIC IPO opens on Oct 11, 2017, while MAS Financial IPO opens on Oct 06, 2017. The closing date of GIC IPO and MAS Financial IPO is Oct 13, 2017, and Oct 10, 2017, respectively.

 GIC IPOMAS Financial IPO
Anchor Bid DateOct 05, 2017
Issue OpenOct 11, 2017Oct 06, 2017
Issue CloseOct 13, 2017Oct 10, 2017
Basis Of Allotment (Tentative)Oct 18, 2017Oct 13, 2017
Initiation of Refunds (Tentative)Oct 23, 2017Oct 16, 2017
Credit of Share (Tentative)Oct 24, 2017Oct 17, 2017
Listing date (Tentative)Oct 25, 2017Oct 18, 2017
Anchor Lockin End date 1Nov 12, 2017
Anchor Lockin End date 2Jan 11, 2018

Financials & KPIs

GIC IPO P/E ratio is , as compared to MAS Financial IPO P/E ratio of .

 GIC IPOMAS Financial IPO
Financials

Company Financials ()

Period Ended
Amount in ₹ Crore

Company Financials ()

Period Ended
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)
Promoter Shareholding (Post-Issue)
P/E Ratio
Market Cap₹80000.64 Cr.₹2508.99 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the GIC IPO Retail Individual Investors (RII) are offered 4,35,97,850 shares while in MAS Financial IPO retail investors are offered 4,35,97,850 shares. Qualified Institutional Buyers (QIB) are offered 6,22,82,640 shares in GIC IPO and 19,74,039 shares in MAS Financial IPO.

 GIC IPOMAS Financial IPO
Anchor Investor Reservation29,61,057 shares
Market Maker Reservation
QIB6,22,82,640 shares19,74,039 shares
NII1,86,84,793 shares14,80,530 shares
RII4,35,97,850 shares34,54,569 shares
Employee1,34,717 shares1,69,082 shares
Others
Total12,47,00,000 shares1,00,39,277 shares

Bids Received (Subscription)

GIC IPO subscribed 1.38x in total, whereas MAS Financial IPO subscribed 128.39x.

 GIC IPOMAS Financial IPO
QIB (times)2.25x148.33x
NII (times)0.22x378.53x
Big NII (times)
Small NII (times)
RII (times)0.63x15.97x
Employee (times)0.94x2.41x
Other (times)
Total (times)1.38x128.39x

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