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.
- 1 ICICI Lombard IPO
- 2 ICICI Lombard IPO Date, Allotment Status, Subscription, Listing, GMP
- 2.1 ICICI Lombard Price Band
- 2.2 ICICI Lombard General Insurance IPO Date
- 2.3 ICICI Lombard IPO Allotment Status Karvy
- 2.4 ICICI Lombard General IPO Listing Date
ICICI Lombard IPO
About the company: ICICI 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.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
Grey Market Price, Rates, GMP Premium
|22 September 2017||Rs. 7 to 10||Rs. 150||—-|
ICICI Lombard IPO Date, Allotment Status, Subscription, Listing, GMP
|Name||ICICI Lombard General Insurance Company Limited|
|Open Date||15 September 2017|
|Close Date||19 September 2017|
|Allotment Date||25 September 2017|
|Refund Date||25 September 2017|
|Issue Price||Rs. 651 - Rs. 661 Per Equity Share|
|Lot Size||22 Shares|
|Minimum Order Quantity||22 Shares|
|Issue Type||Book Built Issue IPO|
|Issue Size||86,247,187 equity shares of face value of Rs 10 aggregating up to Rs 5,700.94 Crore|
|Lead Manager||CLSA India Private Limited, Edelweiss Financial Services Limited, JM Financial Institutional Securities Limited|
|Registrar||Karvy Computershare Private Limited|
|Registrar Phone||+91 40 6716 2222|
|Listing at||NSE / BSE|
Daily Subscription Figures
|DATE||SHARES OFFERED||15 September 2017||18 September 2017||19 September 2017|
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
|DATE||TOTAL ASSETS||TOTAL REVENUE||PROFIT AFTER TAX|
|31 March 2017||Rs. 48,885.8||Rs. 9,836.5||Rs. 6,418.2|
|31 March 2016||Rs. 35,445.0||Rs. 7,242.2||Rs. 5,053.4|
|31 March 2015||Rs. 32,414.2||Rs. 7,424.4||Rs. 5,853.2|
|31 March 2014||Rs. 25,070.8||Rs. 5,563.1||Rs. 5,200.7|
|31 March 2013||Rs. 20,290.5||Rs. 4,162.1||Rs. 3,527.8|
|**(All Figures in Rs. million)|
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.
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.