Reliance General Insurance IPO – Review, Allotment Status, Subscription, Price, Date & more

Reliance General Insurance Company Limited, is one of the leading private-sector general Insurance companies in India. Reliance General Insurance IPO comprises public Issue of [●] Equity Shares of Rs.10/- each at a price of Rs. [●]/- per Equity Share aggregating to Rs. 4500.00 Millions.

Let’s have a detailed review of the company and analytics of the Reliance General Insurance Limited. Its IPO release date, IPO offer price, subscription, Reliance General Insurance IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.

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Reliance General Insurance IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments8.5/10
Industry Ranking7.8/10
Company Background7.9/10
Company Reputation7.9/10
Competitive Edge7.7/10
Financial Statements7.8/10
Popularity Index8.4/10
Promoters Reputation7.7/10
Retail Appetite7.9/10
Top Brokers Review7.9/10
Overall Ratings8.1/10
Star Ratings★★★★☆

Summary of Reliance General Insurance IPO

Reliance General Insurance IPOReliance General Insurance is one of the leading private-sector general Insurance companies in India. They offer a comprehensive and well-diversified range of Insurance products in the motor, weather and crop, health, fire and engineering, and marine Insurance sectors, as well as in other miscellaneous Insurance business lines, which they provide through multiple distribution channels.  Initial public offer of up to [●] Equity Shares of Rs. 10 each, at an Offer Price of Rs. [●] per Equity Share for cash aggregating up to Rs. [●] million. 

The Promoters of this company is Reliance Capital Limited. The lead manager to the issue are Haitong Securities India Private Limited, IndusInd Bank Limited , IndusInd Bank Limited and the Registrar to this issue is Karvy Fintech Private Limited (formerly KCPL Advisory Services Private Limited)


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    Reliance General Insurance IPO Date

    The opening and the closing date of Reliance General Insurance IPO is not known yet.


    Reliance General Insurance IPO Subscription

    Day / DateQIBNIIRIITotal Subscription
    Day 1 :
    Day 2 :
    Day 3:
    Day 4 :
    Shares Offered or Net Issue

    The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.


    Reliance General Insurance IPO Allotment Status

    Here, you can find the Allotment Status of this IPO.


    Reliance General Insurance IPO Price Band

    The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed. 


    Reliance General Insurance IPO Equity Share Offering

    Initial public offer of up to [●] Equity Shares of Rs. 10 each, at an Offer Price of Rs. [●] per Equity Share for cash aggregating up to Rs. [●] million.


    Reliance General Insurance Company Limited – Company Overview

    Reliance General Insurance Limited is one of the leading private-sector general Insurance companies in India. They offer a comprehensive and well-diversified range of Insurance products in the motor, weather and crop, health, fire and engineering, and marine Insurance sectors, as well as in other miscellaneous Insurance business lines, which they provide through multiple distribution channels.

    They also participate in a number of Insurance schemes promoted by the Government, notably in respect of weather Insurance, crop Insurance and mass health Insurance.

    The Company is promoted by  Reliance Capital Limited and is the guiding force behind the growth and strategic decisions of the Company.

    Competitive Strengths of Reliance General Insurance Limited:

    • Comprehensive Product Suite.
    • Comprehensive Product Suite.
    • Customer-centric Sustainable Business Model.
    • Strong Financial Position.
    • Strong IT Infrastructure.
    • Robust Enterprise Risk Management Framework.
    • Proficient Senior Management Team

    Business strategies of Reliance General Insurance Limited:

    • Continue to Focus on Product Innovation.
    • Continue to Invest in Technology.
    • Provide Superior Customer Experience.
    • Grow Distribution Network.
    • Improving Our Profitability.

    Reliance General Insurance Limited – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

    Financial Summary:

    On the basis of Standalone statement:-

    Amount (in INR & millions)
    31-Sept-1831-Mar-1831-Mar-1731-Mar-16
    Total Assets17,518.0316,272.9114,869.1211,049.99
    Total Revenue20,963.8931,635.4522,313.4720,211.26
    Profit After Tax1,133.131,650.03 1,287.281,008.53

    Earnings per Equity Share (in Millions)

    31-Mar-1831-Mar-1731-Mar-16
    Basic 6.565.124.11
         Diluted6.565.12         3.96

    From the above statements, one could find that the Reliance General Insurance Limited may perform well.


    Reliance General Insurance IPO – Promoters

    The Promoters of this company is Reliance Capital Limited.

    Interest in promotion of the Company

    Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.

    Property Interest

    The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. 

    Interest in Intellectual Rights of the Company

    Promoters has not shown any interest in acquiring the intellectual rights of the company.


    Reliance General Insurance IPO Offer Details or Issue Details

    Particulars No. Of Equity Shares
     Equity Shares Offered Up to [●] Equity Shares aggregating up to Rs. [●] million
     Of which:
    Fresh IssueUp to [●] Equity Shares aggregating up to Rs. 2000 million
    Offer for saleUp to  79,489,821 Equity Shares aggregating up to Rs.  [●] million
     Reserved for Market Makers Upto [●] Equity Shares of face value of Rs. 10/- each
     Of which:
    QIB PortionNot more than [●] Equity shares 
     Retail Investors Portion Upto [●] Equity Shares of face value of Rs. 10/- each  
     Non-Institutional PortionUpto [●] Equity Shares of face value of Rs. 10 /- each  
     Equity Shares outstanding prior to the Issue251,549,920  Equity Shares
     Equity Shares outstanding after the Issue[●] Equity Shares

    Reliance General Insurance IPO Issue Object

    These are the IPO Issue Objects of the company

    • Funding the Working Capital requirements of the Company.
    •  Repayment/ pre-payment of certain unsecured loans availed from banks and financial institutions by the company; and
    •  General Corporate Purposes

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    Reliance General Insurance IPO – Basis of the Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following factors:

    Qualitative factors are:

    • Comprehensive Product Suite
    • Extensive Multi-Channel Distribution Network
    • Customer-centric Sustainable Business Model
    • Strong Financial Position
    • Strong IT Infrastructure
    • Robust Enterprise Risk Management Framework
    • Proficient Senior Management Team

    The relevant quantitative factors are:

    Basic EPSDiluted EPSRONW (%)
    31-Mar-164.113.969
    31-Mar-175.125.1210.3
    31-Mar-186.566.5611.7
    • Price to Earnings (P/E) ratio in relation to Issue Price of [●] per Equity Share of face value of Rs. 10 each
    ParticularsP/E ratio
    Highest[●]
    Average[●]
    Lowest[●]
    • Competitive Peers:
    Sr. No. ParticularsFace Value  (in Rs.)Basic EPS (In Rs.)Diluted EPS (In Rs.)NAVP/E RatioP/BRONW in %
    1Reliance General Insurance Limited10.006.566.5655.8611.7
    2ICICI Lombard General Insurance
    Company Limited
    1019.0118.99100.07246.128.7519
    3The New India Assurance Company
    Limited
    5 27.0627.06197.656.560.9014.3%

     

    Reliance General Insurance IPO Lead Managers

    Lead Managers
    Motilal Oswal Investment Advisors Limited

    CLSA India Private Limited

    Credit Suisse Securities (India) Private Limited

    Haitong Securities India Private Limited

    IndusInd Bank Limited

    YES Securities (India) Limited

    Reliance General Insurance IPO Registrar to offer

    Registrar to the Offer
    Karvy Computershare Private Limited
    Karvy Selenium, Tower – B
    Plot 31 and 32, Gachibowli
    Financial District, Nanakramguda Hyderabad 500 032 Telangana, India
    Tel: +91 40 6716 2222
    Fax: +91 40 2343 1551
    E-mail: pcil.ipo@karvy.com
    Investor grievance e-mail:
    einward.ris@karvy.com
    Website: www.karisma.karvy.com
    Contact Person: Murali Krishna M
    SEBI Registration No.: INR000000221

    Other Details:

    • Statutory Auditor – Singhi & Co., Chartered Accountant , Haribhakti & Co. LLP, Chartered Accountant.
    • Bankers to the Company –  Axis Bank Limited , HDFC Bank Limited and YES Bank Limited.

    Reliance General Insurance IPO Review by Top 10 Stock Brokers

    Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

    Reliance General Insurance IPO Grey Market Premium

    The Reliance General Insurance IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


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      Reliance General Insurance IPO News

      News 1 – IPO ISSUE OPENS SOON (Download Prospectus)


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