Considering the valuation at upper price band of Rs.661 , EPS and P/E of FY2017 are Rs. 14.14 and 46.75 multiple respectively and at a lower price band of Rs. 651, P/E multiple is 46.04; at upper price band of Rs.661 , book value and P/B of FY2017 are Rs. 82.09 and 8.05 multiple respectively and at a lower price band of Rs. 651, P/B multiple is 7.93. No change in pre and post issue EPS and Book Value as the company is not making fresh issue of capital.
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The company has become the first private-sector non-life insurer in India to reach Rs. 10000 crore in GDPI in fiscal 2017. Also, the strong distribution channel enables the company to expand its customer base. The company’s financial performance has been strong and it is the first player to go public from the insurance segment. Considering all these aspects, investment for long term may be considered.