Icici Prudential IPO failed on first day to give listing gains. Later we got gains. I think may be same now also as this is big ipo many people will get allotment ????.
If anyone facing problem regarding bidding of the ASBA application. I will open your saving account within same day and bidd your asba application. Kindly contact me for the same.
No analysis, no opinion needed for this IPO. Apply blindly with full force. ICICI parent company is good. Whole ICICI group is investor friendly. I am holding ICICI (parent) since ipo (1991). Good dividend paying records. ICICI Prudential listed at discount but within few months reached to 500 and offer price was 334. Still trading at 450. Excellent return in less than 1 year.
Some of members are telling it is very big issue and big issues are always listed at discount. It may be possible but in stock market investors should have patience. It will reward good in mid to long term.
1) This is no way a good long term bet. Unlike icici prudential it has a very poor financial performance. Asking 41x and price to book 7.63x no way it''s a value buy for long term.
2) Decision should be made on analysis and not brands or dividend yield. We should not be in stock market if FD like return is needed annually through dividend.
3) Icici Prudential listed at discount when nifty was 7900. Since then many stocks have gone up multiple times so what if icici Prudential has gone from 333 to 436. Nifty is 10,000 today.
4) If you think nifty will touch 13,000 and stock like edelweiss at 250 or bajaj finance at 1900 is "VALUE BUY" then go ahead with this IPO at 661.
5)Issue size does not matter but valuation does. You cannot sell anything only because of brand value.
ANALYSIS NEEDED AND OPINION cannot be made blindly due to reputed brand.
Remember ICICI Bank is a laggard when it comes to performance against Indusind bank, HDFC bank, Yes bank or RBL. Infact against many private bank.
Kostak rate of ICICI IPO is looming around 600 bucks. Is the same rate applicable for the applicants of Investor/Shareholder category (reserved 5%) or is it only for retail category applications?
Company is going to give preference to ICICI Bank share holders and keep reserve some portion i.e 300 crore. Last time in ICICI Prudential same thing was there. But in Prudential reserved part subscribed 12 times and retail less than 2 times. So if you are existing shareholder of ICICI Bank and want to apply in reserved quota then please see the subscription first. It may be possible reserved quota allotment is tough than retail one because of oversubscription by existing shareholders.
62. KING VINOD| Link| Bookmark|
September 11, 2017 4:54:18 PM
IPO Guru (2500 Posts, 5400+ Likes)
ICICI LOMBARD GEN INSURANCE LTD IPO
IPO SIZE 5701 Cr Issue date Sep 15 Closes on Sep 19 Issue Price 651 - 661 Minimum Bid Shares 22 Amount Required for One Lot: Rs:14,542/- (As per Upper Bid Price)
Allotment / unblock of Funds 25 Sep Credit of Shares in Demat Account 26 Sep Commencement of Trading 27 Sep
ICICI Lombard General Insurance Company Ltd IPO is one of the Good and Powerfull IPO in this month. Nearly 5700 - 5800 Cr. IPO size. So chance of allotment and return will be more great and Good for Long tern Stock. I suggest to go with this IPO and get good return. I think GMP and Kostak are also High and very responsive. and market will also go High day by day. So I personally suggest to fill it.
60. R R Patel| Link| Bookmark|
September 11, 2017 3:28:43 PM
IPO Mentor (800+ Posts, 3400+ Likes)
Due to aggressive pricing it may be happen that listing gain may be negligible or +-5% (640-700) but very good for long term as portfolio stock and allotment chances are very high.
But we know that in such IPO where allotment chances are vey high the listing gain is very less but in within 6 month such IPOs gave handsome return for example Indigo Airline, ICICI Prudential, PNB Housing Finance, Laurus Lab, Enduranc Technology, Sheela Foam and many more so you shouldn''t miss such IPOs.
IPO price of RS. 661/ asked by company is very expensive and does not justify with fundamentals. In India no general insurance company public/ private can operate with less than 100% combined ratio. All Psu'' general insurance companies in India are having large investment portfolio including immovable properties which are having very negligible value in their books. If ICICI is asking this price , price of NIA offer shouldn''t be less than Rs. 1000/ per share. Since ICICI Lombard has entered the general insurance world only in 2000, it has no inherent value which is being enjoyed by Government PSU''s. So at this offer price it should be a clear avoid.