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

By | September 20, 2017

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. 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 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.

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. 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.

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

  • 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.

Grey Market Price, Rates, GMP Premium

DatePremiumKostak RateSauda
22 September 2017Rs. 7 to 10Rs. 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 Date
Issue PriceRs. 651 - Rs. 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 Emaileinward.ris@karvy.com
Investor Grievanceicicilombard.ipo@karvy.com
Registrar Websitewww.karvycomputershare.com
Registrar Phone+91 40 6716 2222
Listing atNSE / BSE
IPO Poll

What would be the listing price of ICICI Lombard?

View Results

Loading ... Loading ...

Would you apply to ICICI Lombard IPO?

  • Yes (75%, 1,035 Votes)
  • No (25%, 348 Votes)

Total Voters: 1,383

Loading ... Loading ...
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.

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. 54,485,709 equity shares. This shale sale would value the company at Rs. 25,000 crores. 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. 48,885.8Rs. 9,836.5Rs. 6,418.2
31 March 2016Rs. 35,445.0Rs. 7,242.2Rs. 5,053.4
31 March 2015Rs. 32,414.2Rs. 7,424.4Rs. 5,853.2
31 March 2014Rs. 25,070.8Rs. 5,563.1Rs. 5,200.7
31 March 2013Rs. 20,290.5Rs. 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. 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

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

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: investors@icicilombard.com;
Website: www.icicilombard.com

IPO Prospectus

Download DRHP with SEBI.

More from greymarket.co.in

10 thoughts on “ICICI Lombard General Insurance Company Limited IPO, ICICI Lombard IPO Details

  1. IPO Don

    Are iska date kab hai..What is the ipo date? What is the greymarket price. Anyone?

    Reply
  2. Doosra

    Ipo khulega 15 September ko and its going to close on 18 September 2017. Accha IPO hai. I am going for it. But lagega yaa nahi ye pata nahi.

    Reply
  3. Suru

    Bhai log itne saare IPO may yehi ek dhang kaa lag raha hai. Apply karo bindaas.

    Reply
  4. IPO No

    Wait for the IPO price band. Its not yet come. ICICI Lombard will be a good bet.

    Reply
  5. IPO No 1

    This will be the no, 1 IPO. Wait for the IPO price band. Its not yet come. ICICI Lombard will be a good bet.

    Reply
  6. Ramesh Jain

    What is the GMP? Should we apply for it or not? Too many IPOs this month, don’t know how to choose? Please help us decide which one is the best? Please share some views admin.

    Reply
  7. Girdhari

    Any one want to buy my application? I want to sell the application in the grey market? What is the Kostak price. Will 100% sell my application as I am not getting shares. I have applied so many times and no luck.

    Reply
  8. Nilesh

    I have unlisted shares of ICICI lombard. I am selling at 800/- if any one interested let me know. This shall have lock in period of 1 year after listing

    Reply
  9. DILilP NARANG

    Is it worth applying in ICICI Lombard IPO. Can listing gains be expected and how much percentage.

    Reply
  10. Abd

    GMP is an indication – accepted
    But ICICI Lombard is a fantastic company with top notch management . It’s financials give an easy information about the profits and revenues . Invest for gains and Invest in the company with good roots – is the norm for IPO . This company is the first of its kind to enter into the market with an excellent track record of highest order . Check out for the response from those who have not invested on Wednesday – they will pounce on this growing segment of the market .

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *