What is the ICICI Lombard IPO Size?

Lord of the rings asked 10 months ago

Can some one tell me the size of the ICICI Lombard IPO? When is it going to open and all other relevant details, please? This is a nice site about the IPOs, I am really amazed to come here. Please given me details…

4 Answers
Chunu answered 10 months ago

The IPO size is Rs 6000 crore. The share sale will be 86,247,187 equity shares of face value of Rs 10 each. The company is a JV between ICICI Bank Limited and Fairfax Financial Holdings Limited. 
ICICI Bank Limited holds 63.31 per cent stack and Fairfax Financial Holdings has 22.13 per cent. ICICI Lombard has valued at Rs 20,300 crore as per the last deal. The IPO will have a reservation of up to 4,312,359 for ICICI Bank shareholders.
Good company and looks attractive, Let’s wait for the expert’s view. What they say,

Prabhu answered 10 months ago

Today they have also given the price band. ICICI Bank has notified the exchanges about the IPO price band and they have fixed it at Rs. 651 to Rs. 661. At the upper end of the band i.e. Rs. 661, it will raise Rs. 5,700 crore The company is going to raise up to Rs 5,700 crores from the market. 

Gyan answered 10 months ago

The IPO of ICICI Lombard General Insurance Company Limited involves dilution of up to 86,247,187 equity shares of face value of Rs 10 each. The parent company is ICICI Bank Limited and it is the Joint Venture between ICICI Bank Limite and Fairfax Financial Holdings. Fairfax Financial Holdings is based in Canada. ICICI Lombard IPO will offer 8.6 crore equity shares. The ICICI Bank is selling 03 crore shares and Fairfax will be selling 5.6 crore shares via this IPO.

bhagwat answered 10 months ago
  1. IPO Size: Approx Rs. 5700 Crore (Approx)
  2. Equity Shares: 86,247,187
  3. Retail Portion: 35%
  4. Lot Size: 22 Shares (Minimum Lot Size)
  5. The amount for one lot: Rs. 14542
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