Comparison between GIC IPO and New India Assurance IPO.
GIC IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while New India Assurance IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of GIC IPO is up to ₹11,256.83 Cr whereas the issue size of the New India Assurance IPO is up to ₹9,585.82 Cr. The final issue price of GIC IPO is ₹912.00 per share and of New India Assurance IPO is ₹800.00 per share.
| GIC IPO | New India Assurance IPO | |
|---|---|---|
| Face Value | ₹5 per share | ₹5 per share |
| Issue Price (Lower) | ₹855.00 per share | ₹770.00 per share |
| Issue Price (Upper) | ₹912.00 per share | ₹800.00 per share |
| Issue Price (Final) | ₹912.00 per share | ₹800.00 per share |
| Discount (Retail) | ₹45.00 per share | ₹30.00 per share |
| Discount (Employee) | ₹45.00 per share | ₹30.00 per share |
| Market Lot Size | 16 shares | 18 shares |
| Fresh Issue Size | 1,72,00,000 shares | 2,40,00,000 shares |
| Fresh Issue Size (Amount) | up to ₹1,552.67 Cr | up to ₹1,917.16 Cr |
| OFS Issue Size | 10,75,00,000 shares | 9,60,00,000 shares |
| OFS Issue Size (Amount) | up to ₹9,704.16 Cr | up to ₹7,668.66 Cr |
| Issue Size Total | 12,47,00,000 shares | 12,00,00,000 shares |
| Issue Size Total (Amount) | up to ₹11,256.83 Cr | up to ₹9,585.82 Cr |
GIC IPO opens on Oct 11, 2017, while New India Assurance IPO opens on Nov 01, 2017. The closing date of GIC IPO and New India Assurance IPO is Oct 13, 2017, and Nov 03, 2017, respectively.
| GIC IPO | New India Assurance IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Oct 11, 2017 | Nov 01, 2017 |
| Issue Close | Oct 13, 2017 | Nov 03, 2017 |
| Basis Of Allotment (Tentative) | Oct 18, 2017 | Nov 08, 2017 |
| Initiation of Refunds (Tentative) | Oct 23, 2017 | Nov 09, 2017 |
| Credit of Share (Tentative) | Oct 24, 2017 | Nov 10, 2017 |
| Listing date (Tentative) | Oct 25, 2017 | Nov 13, 2017 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
GIC IPO P/E ratio is , as compared to New India Assurance IPO P/E ratio of .
| GIC IPO | New India Assurance IPO | |||||
|---|---|---|---|---|---|---|
| Financials | Company Financials ()
| Company Financials ()
| ||||
| Promoter Shareholding (Pre-Issue) | ||||||
| Promoter Shareholding (Post-Issue) | ||||||
| P/E Ratio | ||||||
| Market Cap | ₹80000.64 Cr. | ₹65920.00 Cr. | ||||
| ROE | ||||||
| ROCE | ||||||
| Debt/Equity | ||||||
| EPS | ||||||
| RoNW |
In the GIC IPO Retail Individual Investors (RII) are offered 4,35,97,850 shares while in New India Assurance 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 5,82,00,000 shares in New India Assurance IPO.
| GIC IPO | New India Assurance IPO | |
|---|---|---|
| Anchor Investor Reservation | ||
| Market Maker Reservation | ||
| QIB | 6,22,82,640 shares | 5,82,00,000 shares |
| NII | 1,86,84,793 shares | 1,74,60,000 shares |
| RII | 4,35,97,850 shares | 4,07,40,000 shares |
| Employee | 1,34,717 shares | 36,00,000 shares |
| Others | ||
| Total | 12,47,00,000 shares | 12,00,00,000 shares |
GIC IPO subscribed 1.38x in total, whereas New India Assurance IPO subscribed 1.19x.
| GIC IPO | New India Assurance IPO | |
|---|---|---|
| QIB (times) | 2.25x | 2.34x |
| NII (times) | 0.22x | 0.11x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 0.63x | 0.11x |
| Employee (times) | 0.94x | 0.20x |
| Other (times) | ||
| Total (times) | 1.38x | 1.19x |
