ICICI Prudential Life Insurance Company Ltd IPO Message Board (Page 42)

GMP of IPL Rs. 10-11

Thank YOu... What your View on ICICI ? what view on Listing?

26 Sept 2016,MONDAY

ICICI approx 29

withdraw the amount from bank

My advice is always for long term. The stock is from a very strong player in the Indian financial services business, who have strong reputation, experience & background. Their Insurance company should naturally be given respectable treatment by the investors. Any temporary fall in price (post listing) will be only temporary and the stock should bounce back sooner.

I agree with Shri. A look at the profile ( Anchor, Qualified, HNI .. etc ) of investors and one can get the idea about the soundness of the company / business over a long term.

Saashy, Shri...... Thanks for reply, But that way all IPO''s are good na? Since all of them supported by Anchor, QIB, HNI....
Sorry not arguing with you but just wanted to get my mind clear from experts comments that are IPO''s good to keep in Portfolio for long term....

Alok, All IPOs appear to be good but many of them just present facts in order to have their IPOs sail through. Be warned that many of these companies do not allot shares to several investors of IPO intentionally and make them rush for their shares immediately after listing. This is one reason why many issue get huge buying support immediately after listing but later they suck in the market. How many issues have been supported by Anchor investors or QIB? You will not find many unless the issue is from a company with strong market presence, business background & future plan. Anyone with more than Rs. 2 Lakhs qualify to be a HNI, so I do not take this category too seriously since that amount is with almost everyone these days. I believe Pru ICICI might list at a hefty premium (about 20-30% over their IPO price) since Indian bourses haven''t seen an insurance company listed so far. The company''s post-IPO share capital would be INR 1000 Crores whereas the current PAT is 15+ times of this capital. The co-promoter, Prudential PLC., hasn''t sold a single share in this IPO, which reflects their confidence in the venture. These are some of the positive factors. So, stay invested.

Dear alok.. Simple techniq should be sell on listing gains... And again with patient we can get back the shares with the lower rates due to selling pressure. The same as we have seen in MGL, LTT and so on...

Shri - I don''t believe companies can do such manipulation as you indicate. Once listed it is the traders who can alter demand patterns that make a stock look attractive or poor.

I agree that this is a good long term issue and I feel retail investors have got a message not to subscribe. How and why I don''t know.

Possible reasons for ''low'' subscription in retail - 1. The fact that there was a steep increase in valuation over last few months; what Premji trust paid. This was highlighted in almost all the reviews.
2. A much slow response in the first two days made lot of retail investors unsure and rethink.
3. Not so good perception of ''ICICI Brand'' in a section.
My sense is that on listing while many retail investors may want to book listing gains, Institutional and big long term investors will further accumulate.
Let''s see how it actually plays ..

Nobody can predict that. Any number that you hear would be just a vague guess. As far as speculation goes, While a section feels that it would be just about 334 the likely issue price; most feel at around 360-370.
Its not even a week from now so best is to wait and watch

I am expecting a opening price of about Rs. 400-420

Money blocked in idbi bank a/c