I have warned about the valuation of this company. Look at my earlier post
351. Prem toshniwal Sep 19, 2016 7:53:56 PM IST | I Like It. 7 | Report Abuse Reply One should avoid the issue: In Dec 2014 while issuing shares under Esop to employees. The company was valued Rs 38000/- . Usually, management values the company much higher while issuing shares under Esop. In Nov 2015, ICICI Bank sold 6 per cent stake in the life insurance venture to Azim Premji and Temasek Holdings for Rs 1,950 crore valuing the company Rs 32,500 crore.
The growth has fallen over a period of time and the outlook of this industry never seems optimistic. Under present situation the valuation of the company must be some where 36000-40000 crore, while they are issuing shares valuing the company 50000/. Certainly the issue is at least 25% over priced.
Do you thing, management has left any thing for retailers? I am sure it will come in discount. Since size of issue is higher, no possibility of manipulation at the time of listing.
Don''t panic guy and specially hearing lose statements like GMP, selling etc.... we have some real nuts in this group who dont understand whats investing vs gambling. Fundamentals kuch samajta nahi.... broker ne bola becho toh bech diya
Iprulife has listed down and the military action and F&O expiry didn''t help markets... So what ? hold long term.... you will make good IRR''s and India attacking pak is good right ... shows we as a country are strong and FII''s have just this market to make money. So the jokers who said this will list down etc... be happy and celebrating yahan pe apna samay kyoun barbad kar rahe ho :)
Now it is clear that it was over priced ipo... B4 pok new it was 312/- and i agreed that war news drags it at 298/-... While retailer subscrived 1.2 times then it was clear this ipo not in line..hwevr my brokers sugested to sw into canbank crain..... Iam altted 168 icici pru...
To all who are panicked. Don''t panic IPL is not junk,it has solid financial. Today all shares were down and because of that sentiment only, IPL down more then 10%. It will surely come to 310-315 in short term. I have sold it at 326 and bought again at 300 for long term now.
1456.1. Silapathar| Link| Bookmark|
September 29, 2016 11:32:33 PM
Top Contributor (400+ Posts, 200+ Likes)
It was down even when Nifty was trading solidly up.
Everything boils down to valuation or issue price.U can''t compare HDFC bank or axis bank with icici prud.HDFC bank share of fv rs 10/- was issued at rs 20/-.Icici bank shares were last issued at Rs 950/- of fv rs 10/-almost 9 years back & it has hardly given any return.90% of the issuers are overpricing the issue now a days and its a fact that icici prudential was also overpriced.Keep yr ears and eyes open, study and apply only in good companies with established track records and reasonable valuation
By the way, why did you apply so much shares in a futuristic share and sell so soon?
Sorry for the loss. Have hopes. There could arise some other opportunity.
1449. Silapathar| Link| Bookmark|
September 29, 2016 6:06:42 PM
Top Contributor (400+ Posts, 200+ Likes)
I had warned multiple times, but so called experts asking people to apply at cut-off. Why apply at cut-off if you know that the issue is overpriced and makes no sense at 334. I applied at 300, got nothing. Bought today at 300.
8. Silapathar Sep 22, 2016 2:42:47 PM IST
ICICI Prudential Life Insurance Company Ltd IPO Because of false misconception that retailers should only bid at cut-off, all the retailers will suffer. This was such a huge issue that if most retailers would have bid at 300, everyone could have got 1 lot at Rs. 300. However , because of experts suggestions, everyone bid at cut off, implying that now retailers bidding at cut off will get 1 lot at Rs. 334 and those with price bids will not get anything.
My suggestion is that for high priced large issues , retailers should bid at lower price, beneficial to the entire retailer community.
4. Silapathar Sep 18, 2016 10:01:43 PM IST
ICICI Prudential Life Insurance Company Ltd IPO Apply only at lower price band, PE multiple of 29. Highly overpriced and return on net worth decreasing every year - 37.4% in 2014 to 31.2% in 2016. EPS almost same in 2015 and 2016, no growth.
3. Silapathar Sep 16, 2016 10:34:50 PM IST
ICICI Prudential Life Insurance Company Ltd IPO Issue is highly over priced. Retail investors should apply at lower price band of Rs. 300. Big issue, expected huge selling pressure on listing day.
You are right.last intract with you and I say 10 to 15 rs gain but I face 12 rs loss.I sold my three applications at 322.i think today 80% retailer not sell and find at day end big loss...so sell timing is also imp...one big leasoon teach by this ipo 1.in big size ipo never apply (if all get share who can buy?)..
Bhai, kuaen se bahar aao, duniya bahut badi aur samajhdar hai, tere ek ke yahan advice dene se log 300 pe apply nahi karenge , btw even 300 is too costly for this one, kyun paise barbad kiya, wait for some time you can easily get it for 250.
ICICI Prudential being such a big issue, there is all likely hood that many investors would be getting out and exchange of hands is high , but it is still the largest private life insurance company in India with a very strong focus on Innovative products.
They were leader in ULIPs when everyone was doing ULIPs ..now they have one of the best term plans and others follow them.
The next big theme for insurance is pure term plans.
Keeping this in mind one must hold for atleast 2-3 quarters to get some gain.
Total turnover nse+bse = 10,17,79,057 Delivered qty nse +bse = 4,03,83,791 Total delivery = 39.6%. Hni+Rii+Emp, total allotted = 9,97,37,582. This means not all retailers+Hni+Emp, have sold today. Many have held on with their allotement.
My request to everyone, don''t pass these type of negative comment and please suggest what will we do now for the overall share at this indo pak unstable situation?
1444. Chem cho| Link| Bookmark|
September 29, 2016 4:58:42 PM
IPO Guru (2500+ Posts, 2700+ Likes)
PL DONOT divert the attention of readers icici pru life was down at 10 am and nifty was up till 12.30 there was no war news but at 12.30 nifty went down but before that icici pru was down to Rs 300
it went low of 295.15 and closed at 297.55
so pl accept it whether war or now war it has gone to rs 295 levels
Why retailer always crying about losses??think big . Dil bada rakho.loss profit hota rahega.it''s all game.if u entered in this game u can''t take exit.you have to play it till last breath.