All the best for all who applied... wish all applied could receive min. of 1 Lot.. ICICI Pru has very good Backing... No need to book profits on day 1 i think... what say guys??
i guess it depends on at what price it gets listed.. but strongly needs more reforms in insurance sector by government. Like compulsory health insurance like USA have
@sudhir I think cutoff will be 334. But as of now this ICICI Pru is first IPO in its sector has its own advantage. Agree with your compulsory Insurance as a giant leap in Insurance sector but it takes so long to be reality.. regarding IPO waiting for allotment... :D :D
Why do you curse Indian citizens with such proposals as compulsory Health Insurance? Is it just for the sake of few thousand profits on Prudential ICICI Shares? Do you know the impact of such Health Insurance? It will force the healthcare not affordable for majority, as in US. Each of you will end up paying a quarter of your income towards Health insurance. Insurance companies will make very huge profit while death rates will go up due to unaffordability in India. Ever greedy Indian corporates doesn''t care about the wellbeing of citizens but are more worried about their profits and incentives.
I had my leg fracture last year and around 1.5 lakh was expenditure.. as i got insured Insurance company paid 1.45 Lakh of total bill.. Thats a huge support at that crucial time and i support Medical Insurance.
During that fracture my bullet bike heavily damaged out of 12K Damage My two wheeler Insurance company paid 10k. I Support Two wheeler Insurance.
No need to say about Life Insurance. So be Insured.. :D
In USA, the government gives social security income for disabled persons. For claiming this the disability examiner will examine and certify whether people have disability due to their illnesses. Doctors give consent and reports are documented. That is why they have medical transcription and patient history and electronic health records. In India, we are doing lot of back office jobs for the US health Industry. Jobs are outsourced here. Even psychiatric illness is considered to be a disability there. There are people who migrate from other countries and the USA pays them some social security also. The working class pays taxes to the government and this money is utilized for migrants'' social security (this will rumble the taxpayer''s stomachs). .
In India, medical insurance is very limited, say for example claims are given only in the case of accidents and inpatient hospitalizations which do not happen often. There is no social security income here. There is no mediclaim for outpatient expenses here. You have to pay huge mediclaim premiums for policies here. There will be no claims if you have a pre-existing disease for the first 3-4 years (depending on the company). If you don''t work in a company, you will have to take private policy which is costly.
What I mean to say that there is a huge difference between the US mediclaims and Indian medical insurance. We are far, far below the coverage that happens there. Definitely the Insurance cos here are making huge money. The common man has to pay enormous amounts here. There are people who will not be able to afford. The demand for this type of cos will increase if the common man''s burden is decreased. The common man''s burden does not decrease without the help of the state. That, in the future, will take lot of time, and I believe the growth story of this kind of stocks is directly proportional to these aspects.
@ 759,Pankaj Australia. That was a classic Australian yorker which rattled the middle stump, btw, appreciate your indepth knowledge, you may be a new id in this forum, but certainly not a novice in the market & ipo''s Keep posting...