Reliance General Insurance IPO is one of the few IPOs of the new financial year into general insurance. The details about this IPO relating to IPO Size, Reliance General Insurance IPO release date, IPO offer price, IPO object, grey market price, IPO allotment status, Reliance General Insurance IPO subscription and details about the company, its promoters and financials – these all pointers have been covered herein.

Reliance General Insurance IPO Review & Ratings

Reliance General Insurance IPO Ratings & Review
Criteria	Ratings
Industry Sentiments	6.8/10
Industry Ranking	6.7/10
Company Background	6.9/10
Company Reputation	6.7/10
Competitive Edge	6.9/10
Financial Statements	6.9/10
Popularity Index	7.3/10
Promoters Reputation	6.7/10
Retail Appetite	6.8/10
Top Brokers Review	6.8/10
Overall Ratings	6.6/10
Star Ratings	★★★☆☆

Summary of Reliance General Insurance IPO

Reliance General Insurance IPO

The company was first incorporated as ‘Reliance General Insurance Limited’ in the year 17th August 2000, which was a public limited company and later the name was changed to ‘Reliance General Insurance Company Limited’ on 12th October 2000. After this the company was registered with IRDAI.

This company is a part of Reliance Group led by Anil Ambani. This company has received a nod from SEBI for IPO. The IPO comprises of fresh issues of up to 16,769,995 equity shares by the company and an offer for sale by the selling shareholders of up to 50,309,984 equity shares. Hence, the net offer is comprised of up to 60,371,982 equity shares and Reliance Capital shareholders’ reservation portion of up to 6,707,997 equity shares.

The Global coordinator and book running lead managers for this IPO would be:
– Motilal Oswal Investment Advisors Limited
– Credit Suisse Securities (India) Private Limited
– Edelweiss Financial Services Limited
– UBS Securities India Private Limited
and;
The book running lead managers are Haitong Securities India Private Limited & IDBI Capital Markets & Securities Limited.
The Registrar to the offer is Karvy Computershare Private Limited.

The Equity shares are offered through the Red Herring Prospectus were proposed to be listed on BSE and NSE and has got the approvals for listing.

Subscribe to Reliance General Insurance IPO – Fill up the Form Below

Reliance General Insurance IPO Date

The release date is expected to be somewhere before the mid-year close.

Reliance General Insurance IPO Subscription

	Subscription
Day 1	X
Day 2	X
Day 3	X
Day 4	X
Day 5	X

This section would be updated on a daily basis post the release of IPO.

Reliance General Insurance IPO Allotment Status

Once the IPO is released and opened for public subscription, the details relating to allotment of shares would be updated herein.

Reliance General Insurance IPO Price Band

Reliance General Insurance IPO has not been floated out in the market and hence the IPO price band is not known yet. The details would be shortly updated herein.

Reliance General Insurance IPO Issue Size

The Issue size is estimated at Rs 1,500-1,600 crore but not yet confirmed and it will value the firm at Rs 6,400 crore.

Reliance General Insurance IPO Equity Share Offerings

The number of shares being offered under this IPO is up to 16,769,995 equity shares by the company and an offer for sale by the selling shareholders of up to 50,309,984 equity shares. Hence, the net offer is comprised of up to 60,371,982 equity shares and Reliance Capital shareholders’ reservation portion of up to 6,707,997 equity shares, according to DRHP filed with SEBI. The public issue will constitute 25% share dilution on a post-offer basis. The author and the net offer shall constitute 25% and 22.50% of the post offer equity share of the company, respectively.

Reliance General Insurance Company Ltd – Company Overview

RGIC a part of Reliance Group led by Anil Ambani. The company is known as ‘Reliance General Insurance Company Limited’, our Registered Office is located at H Block, 1st Floor, Dhirubhai Ambani Knowledge City, Navi Mumbai 400710, Maharashtra, India, and our Corporate Office is at Reliance Centre, South Wing, 4th Floor, Off. Western Express Highway, Santacruz (East), Mumbai 400 055, Maharashtra, India. The company registration number of our Company is 128300 and our CIN is U66603MH2000PLC128300. Our Company is registered with the Registrar of Companies, Mumbai, located at 100, Everest, Marine Drive, Mumbai 400 002, Maharashtra, India.

Key members Reliance General Insurance IPO

Name	Designation
Rajendra Prabhakar Chitale	Independent Director
Haris Ansari	Independent Director
Dr. Thomas Mathew	Independent Director – Additional
Chhaya Virani	Independent Director
Lav Ramji Chaturvedi	Independent Director
Rakesh Jain	Executive Director and CEO

Hemant Kumar Jain	Chief Financial Officer
Mohan Khandekar	Company Secretary and Compliance Officer

Legal Counsel to Reliance Capital as to Indian Law

Luthra & Luthra Law Offices

Joint Statutory Auditors of our Company

Price Waterhouse Chartered Accountants LLP (Chartered Accountants)
Pathak H.D. & Associates (Chartered Accountants)

Bankers to the Company

Axis Bank Limited
HDFC Bank Limited
YES Bank Limited

Competitive Strengths of Reliance General Insurance IPO

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

Business Strategies of Reliance General Insurance Company Ltd

Continue to Focus on Product Innovation
Continue to Invest in Technology
Grow Distribution Network
Provide Superior Customer Experience
Leveraging on marketing skills and initiatives
Improving functional efficiency

Reliance General Insurance Company Ltd – Financial Statements

For a quick look into the financial position of the company, we have presented the following details. The summary of financial information derived from the Restated Financial Information as of and for the Fiscal Years ended, March 31, 2013, March 31, 2014, March 31, 2015, March 31, 2016 and March 31, 2017.

Assets of the Company

Assets (in INR & Millions)
	Mar’17	Mar’16	Mar’15	Mar’14	Mar’13
Non-Current Asset
Current Asset
Total Asset

Revenue & PAT of the Company

Revenue & Profits (in INR & Millions)
	Mar’17	Mar’16	Mar’15	Mar’14	Mar’13
Total Revenue
Profit after Tax (PAT)

Earnings per Equity Share

Earning per Equity Share (in INR)
	Mar’17	Mar’16	Mar’15	Mar’14	Mar’13
Basic
Diluted

Reliance General Insurance IPO Promoters

Promoter of the Company

Reliance Capital Limited

Reliance General Insurance IPO Offer Details or Issue Details

Offer	Up to 67,079,979 Equity Shares aggregating up to ` [●] million
Including :
Reliance Capital Shareholders’ Reservation Portion	Up to 6,707,997 Equity Shares
Net Offer	Up to 60,371,982 Equity Shares
Of which:
Fresh Issue	Up to 16,769,995 Equity Shares aggregating up to ` [●] million
Offer for Sale by Reliance Capital	Up to 50,309,984 Equity Shares aggregating up to ` [●] million
The Offer consists of:
A. QIB Portion	30,185,990 Equity Shares
Of which:
Anchor Investor Portion*	Up to 18,111,594 Equity Shares
Net QIB Portion (assuming Anchor Investor Portion is fully subscribed)	12,074,396 Equity Shares
Of which:
Mutual Fund Portion	603,719 Equity Shares
Balance for all QIBs including Mutual Funds	11,470,677 Equity Shares
B. Non-Institutional Portion	Not less than 9,055,798 Equity Shares

C. Retail Portion	Not less than 21,130,194 Equity Shares
Pre and post-Offer Equity Shares
Equity Shares outstanding prior to the Offer	251,549,920 Equity Shares
Equity Shares outstanding after the Offer	268,319,915 Equity Shares

Reliance General Insurance IPO Issue Object

Working capital requirements
General Corporate purpose
Issue expenses

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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 Managers on the basis of various qualitative and quantitative factors. The face value of the equity shares is Rs. 10/- each and the issue price is set at Rs. [*] per equity share.

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Reliance General Insurance IPO Lead Managers

Lead Managers to the Issue

Credit Suisse Securities (India) Pvt Ltd

Edelweiss Financial Services Ltd

IDBI Capital Markets & Securities Ltd

Motilal Oswal Investment Advisors Ltd

UBS Securities India Pvt Ltd

Haitong Securities India Pvt Ltd

Reliance General Insurance IPO Registrar to the Offer

Registrar of the Offer

Karvy Computershare Pvt Ltd

Reliance General Insurance IPO Review by Top 10 Stock Brokers

Top Stock Brokers Review	Company Repu-tation	Compe-titive Edge	Finan-cial State-ment	Popu-larity Index	Promo-ters Repu-tation
Angel Broking	7.1/10	7.1/10	7.1/10	7.1/10	7.1/10
Sharekhan	7.2/10	7.1/10	7.2/10	7.1/10	7.2/10
Kotak Securities	7.0/10	7.1/10	7.1/10	7.1/10	7.0/10
ICICI Direct	7.0/10	7.0/10	7.3/10	7.1/10	7.1/10
IIFL	7.1/10	7.2/10	7.0/10	7.0/10	7.1/10
Edelweiss	7.1/10	7.1/10	7.1/10	7.0/10	7.2/10
Zerodha	7.1/10	7.1/10	7.1/10	7.1/10	7.0/10
5Paisa	7.1/10	7.1/10	7.1/10	7.1/10	7.1/10
Karvy	7.1/10	7.0/10	7.2/10	7.1/10	7.1/10
Motilal Oswal	7.1/10	7.1/10	7.2/10	7.0/10	7.2/10