Comparison between New India Assurance IPO and Reliance Nippon Life IPO.
New India Assurance IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Reliance Nippon Life IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of New India Assurance IPO is up to ₹9,585.82 Cr whereas the issue size of the Reliance Nippon Life IPO is up to ₹1,542.24 Cr. The final issue price of New India Assurance IPO is ₹800.00 per share and of Reliance Nippon Life IPO is ₹252.00 per share.
| New India Assurance IPO | Reliance Nippon Life IPO | |
|---|---|---|
| Face Value | ₹5 per share | ₹10 per share |
| Issue Price (Lower) | ₹770.00 per share | ₹247.00 per share |
| Issue Price (Upper) | ₹800.00 per share | ₹252.00 per share |
| Issue Price (Final) | ₹800.00 per share | ₹252.00 per share |
| Discount (Retail) | ₹30.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹30.00 per share | |
| Market Lot Size | 18 shares | 59 shares |
| Fresh Issue Size | 2,40,00,000 shares | 2,44,80,000 shares |
| Fresh Issue Size (Amount) | up to ₹1,917.16 Cr | up to ₹616.90 Cr |
| OFS Issue Size | 9,60,00,000 shares | 3,67,20,000 shares |
| OFS Issue Size (Amount) | up to ₹7,668.66 Cr | up to ₹925.34 Cr |
| Issue Size Total | 12,00,00,000 shares | 6,12,00,000 shares |
| Issue Size Total (Amount) | up to ₹9,585.82 Cr | up to ₹1,542.24 Cr |
New India Assurance IPO opens on Nov 01, 2017, while Reliance Nippon Life IPO opens on Oct 25, 2017. The closing date of New India Assurance IPO and Reliance Nippon Life IPO is Nov 03, 2017, and Oct 27, 2017, respectively.
| New India Assurance IPO | Reliance Nippon Life IPO | |
|---|---|---|
| Anchor Bid Date | Oct 24, 2017 | |
| Issue Open | Nov 01, 2017 | Oct 25, 2017 |
| Issue Close | Nov 03, 2017 | Oct 27, 2017 |
| Basis Of Allotment (Tentative) | Nov 08, 2017 | Nov 01, 2017 |
| Initiation of Refunds (Tentative) | Nov 09, 2017 | Nov 03, 2017 |
| Credit of Share (Tentative) | Nov 10, 2017 | Nov 03, 2017 |
| Listing date (Tentative) | Nov 13, 2017 | Nov 06, 2017 |
| Anchor Lockin End date 1 | Dec 01, 2017 | |
| Anchor Lockin End date 2 | Jan 30, 2018 |
New India Assurance IPO P/E ratio is , as compared to Reliance Nippon Life IPO P/E ratio of .
| New India Assurance IPO | Reliance Nippon Life IPO | |||||
|---|---|---|---|---|---|---|
| Financials | Company Financials ()
| Company Financials ()
| ||||
| Promoter Shareholding (Pre-Issue) | ||||||
| Promoter Shareholding (Post-Issue) | ||||||
| P/E Ratio | ||||||
| Market Cap | ₹65920.00 Cr. | ₹15422.40 Cr. | ||||
| ROE | ||||||
| ROCE | ||||||
| Debt/Equity | ||||||
| EPS | ||||||
| RoNW |
In the New India Assurance IPO Retail Individual Investors (RII) are offered 4,07,40,000 shares while in Reliance Nippon Life IPO retail investors are offered 4,07,40,000 shares. Qualified Institutional Buyers (QIB) are offered 5,82,00,000 shares in New India Assurance IPO and 1,22,40,000 shares in Reliance Nippon Life IPO.
| New India Assurance IPO | Reliance Nippon Life IPO | |
|---|---|---|
| Anchor Investor Reservation | 1,83,60,000 shares | |
| Market Maker Reservation | ||
| QIB | 5,82,00,000 shares | 1,22,40,000 shares |
| NII | 1,74,60,000 shares | 91,80,000 shares |
| RII | 4,07,40,000 shares | 2,14,20,000 shares |
| Employee | 36,00,000 shares | |
| Others | ||
| Total | 12,00,00,000 shares | 6,12,00,000 shares |
New India Assurance IPO subscribed 1.19x in total, whereas Reliance Nippon Life IPO subscribed 81.54x.
| New India Assurance IPO | Reliance Nippon Life IPO | |
|---|---|---|
| QIB (times) | 2.34x | 118.40x |
| NII (times) | 0.11x | 209.44x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 0.11x | 5.65x |
| Employee (times) | 0.20x | |
| Other (times) | ||
| Total (times) | 1.19x | 81.54x |
