Ipo Issue Price Of Icici Lombard

Ipo issue price of icici lombard

Asa international group ipo prospectus

ICICI Lombard General Insurance Company Limited IPO, ICICI Lombard IPO Details, ICICI General IPO, ICICI Lombard IPO Price, ICICI Lombard IPO Date, ICICI Lombard IPO Grey Market Price GMP Premium, Ratings, Review, Financials, Subscription and Listing Date Information.

Good news for the investors as ICICI Lombard General Insurance Company Limited is coming with an IPO in the month of September 2017.

The dates are final now. We are the first to tell you about the ICICI Lombard IPO Dates.

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The SEBI has granted permission to the  ICICI Lombard General Insurance Company Limited to float an IPO. The company had sought the permission from SEBI to roll an IPO in the month of July 2017. SEBI has now cleared the ICICI Lombard IPO.

The IPO of ICICI Lombard will open on 15 September 2017 and close on 19 September 2017. The company wants to sell up to 86,247,187 equity shares of face value of Rs 10. The price band of IPO is not set yet.

The ICICI Lombard IPO is a pure offer for sale (OFS). The founders and the main shareholders of the company i.e.

ICICI Lombard makes tepid debut, lists at 1.66% discount to issue price

ICICI Bank Ltd and Prem Watsa’s Fairfax Financial Holdings Ltd will dilute a stake of 20%. According to the sources, Fairfax will sell 13% stake, while ICICI Bank will sell at least 7%, together they are going to sell 20%.

Investors who want to invest in this IPO should check the given space of our website. Investors will find various information about the IPO such as Price, Greymarket Price, GMP, IPO Review, Ratings, shares Listing Dates, Allotment Status, Subscription and all other information.

Contents

ICICI Lombard IPO

ICICI Lombard General Insurance Company Limited IPO, ICICI Lombard IPO Details

About the companyICICI Lombard General Insurance Company Limited is a private sector general insurance company in India.

It was founded in 2001.

Company Promoters:

The company is based in Mumbai. It provides General Insurance, Vehicle Insurance, Health Insurance, Travel Insurance etc. It has 249 branches and  6,460 employees all across India. The company gives various services such as general insurance, reinsurance, investment management and insurance claims management.

The company is a joint venture between ICICI Bank and Canada based Fairfax Financial Holdings Limited.

Ipo issue price of icici lombard

ICICI Bank holds 64% stake in the venture while Fairfax had 35% in the joint venture. (Currently, Fairfax holds only 22% in ICICI Lombard as Fairfax had sold 12.18% stake in May 2017 to the private equity firm Warburg Pincus Llc at around Rs2,372.5 crore.)

Company Promotors: ICICI Bank Limited

Objects of the Issue

Grey Market Price, Rates, GMP Premium

DatePremiumKostak RateSauda
26 September 2017Rs.

-5 (Seller)

Rs. 150—-

ICICI Lombard IPO Date, Allotment Status, Subscription, Listing, GMP

NameICICI Lombard General Insurance Company Limited
Open Date15 September 2017
Close Date19 September 2017
Allotment Date25 September 2017
Refund Date25 September 2017
Listing Date27 September 2017
Issue PriceRs.

651 - Rs.

Quick Links

661 Per Equity Share

Lot Size22 Shares
Minimum Order Quantity22 Shares
Issue TypeBook Built Issue IPO
Issue Size86,247,187 equity shares of face value of Rs 10 aggregating up to Rs 5,700.94 Crore
Lead ManagerCLSA India Private Limited, Edelweiss Financial Services Limited, JM Financial Institutional Securities Limited
RegistrarKarvy Computershare Private Limited
Registrar Email[email protected]
Investor Grievance[email protected]
Registrar Websitewww.karvycomputershare.com
Registrar Phone+91 40 6716 2222
Listing atNSE / BSE

IPO Poll

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Daily Subscription Figures

DATESHARES OFFERED15 September 201718 September 201719 September 2017
RII286771900.180.621.23
NII122902250.040.100.83
QIB163869660.622.378.17
Others43123590.210.580.99
Total616667400.270.982.98

ICICI Lombard Price Band

The company which is going to sell up to 86,247,187 equity shares of face value of Rs 10 each has set the price band in the range of Rs.

651 to Rs. 661. Currently, the selling shareholders ICICI Bank and Fairfax have stakes of around 63% and 22% will expect to raise at least Rs. 5,000 crore from this sale.

ICICI Bank will sell up to 7% shares i.e. 31,761,478 equity shares and Fairfax Holdings will sell 13% shares i.e.

ICICI Lombard's Rs 5,700 crore IPO kicks off; here's what 10 brokerages have to say on issue

54,485,709 equity shares. This shale sale would value the company at Rs. 25,000 crores.

Ira rollover investment options

Earlier in May 2017, the valuation of the company was Rs. 20,300 crores.

ICICI Lombard General Insurance IPO Date

The IPO of ICICI Lombard General Insurance will hit the stock markets between 15 September to 19 September 2017.

Those who want to apply for this IPO must apply between these days. The company has filed the DHRP with SEBI in July 2017 and got approval in August 2017.

ICICI General Financials

DATETOTAL ASSETSTOTAL REVENUEPROFIT AFTER TAX
31 March 2017Rs.

48,885.8

Rs.

ICICI Lombard IPO - ICICI LOMBARD GENERAL INSURANCE IPO REVIEW

9,836.5

Rs. 6,418.2
31 March 2016Rs. 35,445.0Rs. 7,242.2Rs. 5,053.4
31 March 2015Rs. 32,414.2Rs. 7,424.4Rs.

ICICI Lombard General Insurance Company Ltd. (IPO)

5,853.2

31 March 2014Rs. 25,070.8Rs. 5,563.1Rs. 5,200.7
31 March 2013Rs.

Ipo issue price of icici lombard

20,290.5

Rs. 4,162.1Rs. 3,527.8
**(All Figures in Rs. million)
The gross written premium of the company increased by 32% from Rs. 8,296 crore in FY16 to Rs.

ICICI Lombard IPO: Price band set at Rs651-661 per share

10,960 crore in FY17. The profit after tax was Rs. 702 crore in FY17 compared to Rs. 507 crore in FY16.

Lead Managers

The company has appointed CLSA India Private Limited, Edelweiss Financial Services Limited, JM Financial Institutional Securities Limited as a book running lead manager (BRLM) and Bank of America Merrill Lynch, IIFL Holdings Limited and ICICI Securities Ltd are managing the share sale as global coordinators.

Registrar

The registrar to the ICICI General IPO is Karvy Computershare Private Limited.

All the allotment and investors related work will be handled by the KARVY.

ICICI Lombard IPO Allotment Status Karvy

As Karvy is the registrar to the issue, the allotment of ICICI Lombard IPO will be done by Karvy. The allotment process will be finished within few days after the application process. Please check this page later for the link to the allotment status.

ICICI Lombard General IPO Listing Date

Update 24 September 2017: ICICI Lombard IPO listing date is 27 September 2017.

The listing of the shares of ICICI Lombard General IPO will be done on or around 27 September 2017.

ICICI Lombard is the largest non-life private insurer on gross direct premium income basis.

This is the expected date of listing and the correct date of listing will be notified later to the investors. Please watch this place for the updates.

Listing Day Figures

 NSE (ICICIGI)BSE (540716)
IPO PriceRs.

661

Rs. 661
OpenRs. 651.10Rs. 650
HighRs. 694Rs.

Ipo issue price of icici lombard

694

LowRs. 638.65Rs.

Ipo issue price of icici lombard

638.15

CloseRs. 681.20Rs. 681.55
DifferenceUP Rs. 20.20 (+3.06%)UP Rs. 20.55 (+3.11%)

ICICI Lombard General Insurance Company Limited Address

Adress

Registered Office and Corporate Office: ICICI Lombard House, 414, Veer Savarkar Marg,
Near Siddhivinayak Temple, Prabhadevi,
Mumbai 400 025;

Telephone: (+91 22) 6196 1100
Fax: (+91 22) 6196 1323
E-mail: [email protected];
Website: www.icicilombard.com

IPO Prospectus

Download DRHP with SEBI.

Products and Services of ICICI Lombard
  • ICICI Lombard Health Insurance
  • ICICI Lombard Overseas Student Medical Insurance
  • International Travel insurance
  • ICICI Lombard Home Insurance
  • ICICI Lombard Car Insurance
  • ICICI Lombard Rural Weather Insurance
  • Achieve the benefits of listing the Equity Shares of the Company on the Stock Exchanges.
  • To enhance the “ICICI Lombard” brand name.
  •  Provide liquidity to the existing shareholders.

Note: The entire proceeds from the offer for sale are going to be paid to the ICICI Bank Ltd and Fairfax Financial Holdings Ltd.

ICICI Lombard will not receive anything from the share sale.

Anchor Investors

The company raised about Rs 1,625 crore from 64 anchor investors on 14 September 2017. The investors who acquired shares of ICICI Lombard via the anchor allotment route include SBI Life Insurance, Citigroup Global Markets, SBI Life, BNP Paribas Insurance, The Nomura Trust, Blackrock India Equities among others.

Category: Latest IPO