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.
Reliance General Insurance IPO Review & Ratings
| IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 8.5/10 |
| Industry Ranking | 7.8/10 |
| Company Background | 7.9/10 |
| Company Reputation | 7.9/10 |
| Competitive Edge | 7.7/10 |
| Financial Statements | 7.8/10 |
| Popularity Index | 8.4/10 |
| Promoters Reputation | 7.7/10 |
| Retail Appetite | 7.9/10 |
| Top Brokers Review | 7.9/10 |
| Overall Ratings | 8.1/10 |
| Star Ratings | ★★★★☆ |
Summary of Reliance General Insurance IPO
Reliance 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 / Date | QIB | NII | RII | Total 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-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |
| Total Assets | 17,518.03 | 16,272.91 | 14,869.12 | 11,049.99 |
| Total Revenue | 20,963.89 | 31,635.45 | 22,313.47 | 20,211.26 |
| Profit After Tax | 1,133.13 | 1,650.03 | 1,287.28 | 1,008.53 |
Earnings per Equity Share (in Millions)
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |
| Basic | 6.56 | 5.12 | 4.11 |
| Diluted | 6.56 | 5.12 | 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 Issue | Up to [●] Equity Shares aggregating up to Rs. 2000 million |
| Offer for sale | Up 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 Portion | Not more than [●] Equity shares |
| Retail Investors Portion | Upto [●] Equity Shares of face value of Rs. 10/- each |
| Non-Institutional Portion | Upto [●] Equity Shares of face value of Rs. 10 /- each |
| Equity Shares outstanding prior to the Issue | 251,549,920 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 EPS | Diluted EPS | RONW (%) | |
| 31-Mar-16 | 4.11 | 3.96 | 9 |
| 31-Mar-17 | 5.12 | 5.12 | 10.3 |
| 31-Mar-18 | 6.56 | 6.56 | 11.7 |
- Price to Earnings (P/E) ratio in relation to Issue Price of [●] per Equity Share of face value of Rs. 10 each
| Particulars | P/E ratio |
| Highest | [●] |
| Average | [●] |
| Lowest | [●] |
- Competitive Peers:
| Sr. No. | Particulars | Face Value (in Rs.) | Basic EPS (In Rs.) | Diluted EPS (In Rs.) | NAV | P/E Ratio | P/B | RONW in % |
| 1 | Reliance General Insurance Limited | 10.00 | 6.56 | 6.56 | 55.86 | – | – | 11.7 |
| 2 | ICICI Lombard General Insurance Company Limited | 10 | 19.01 | 18.99 | 100.072 | 46.12 | 8.75 | 19 |
| 3 | The New India Assurance Company Limited | 5 | 27.06 | 27.06 | 197.65 | 6.56 | 0.90 | 14.3% |
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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: [email protected] Investor grievance e-mail: [email protected] 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 Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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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