ICICI Prudential Life Insurance Company Ltd IPO Message Board (Page 72)

All the investors and analysts thinking ICICI Pru life as expensive are just looking at past and present and not in future:

1) Past few years have been tough due to regulatory changes in insurance so next few years will be better then past
2) Vast untapped market and young population with rising awareness about insurance
3) Value migration from PSU to private similar to BSNL/MTNL to airtel, Air India to Jet/Indigo etc. LIC mkt share will fall and private sector will rise.

Soon ICICI PRu life will be among top 5 valuable companies of India in next few years so investors with long term vision should not worry about ''expensive valuations'' based on past and present.

You are right but you forget mis selling by DSA. Once one get policy he never thought for private insurer.

Individual customer experiences can be unpleasant but as investor need to take bird eye view - they command 11% market share.

As i known to icici they are more like "show off" type,,and have prepared long chain for IPL ipo.. So GMP will rise again to 30 in coming days,

"DON''T JUDGE BOOK BY IT''S COVER"

So sell in kostak is the best choice (yes around 1100 possible in coming days)

The text in the email sent by ICICI is confusing.

The sole/First Bidder shall be an ICICI Bank Shareholder. Further, a bidder Bidding in the ICICI Bank Shareholders Reservation Portion (subject to the payment amount not exceeding Rs 200,000) can also Bid under the Net Offer and such Bids will not be treated as multiple Bids.

To clarify, an ICICI Bank Shareholder Bidding in the ICICI Bank Shareholders Reservation Portion above Rs 200,000 CANNOT Bid in the Net Offer as such Bids will be treated as multiple Bids.

From the above explanation, ICICI bank shareholder can apply in either shareholder quiota or the net offer. Confusing isn,t it?

I think the interpretation is like this...

If you are applying for less than Rs 200000 in retail then you can apply for both category i.e. normal and shareholders reservation.

If you are retail and applying under HNI with more than Rs 200000 then you can bid only ONCE

yes u r right...Mann ki baat

Retail may subko allot hoga

At least 1.3 times subscription expected

is it mean that if i am ICICI BANK share holder i have option to apply in both RETAIL AS WELL RESERVED catogary but amount should not be more than 2 lacs.

am i right??

plz reply

form also be different??

Correct

Steep correction ahead.......beware investors!!

Hello guys.
I m a share holder of Icici bank. Can I apply under general retail individual category as well under share holder category with the same pan card & same demate account???

Please guide...

Yes. That is what the mail sent to the share holders exactly means.

Mail received from ICICI BANK about reserve Category:

Dear ICICI Bank Shareholder(s),

Sub: Public offer of shares of ICICI Prudential Life Insurance Company Limited - Reservation for ICICI Bank Shareholders (as defined below)

ICICI Prudential Life Insurance Company Limited ("I-Pru") is the largest private sector life insurer in India by total premium and assets under management at March 31, 2016. I-Pru is a joint venture between ICICI Bank Limited (the Bank) and Prudential Corporation Holdings Limited, a part of the Prudential Group, an international financial services group. The Bank is offering for sale upto 181,341,058 equity shares of Rs 10 each (the "Equity Shares") of I-Pru at a price to be determined through book building process (the "Offer").

Please note that the Offer includes a reservation of upto 18,134,105 Equity Shares for purchase by ICICI Bank Shareholders (the "Reserved Category") who fall under the category of individuals and HUFs being public equity shareholders of the Bank (excluding such other persons not eligible under applicable laws, rules, regulations and guidelines and American depository receipt holders of the Bank) as on the date of the red herring prospectus (the "Red Herring Prospectus") filed with the Registrar of Companies, Maharashtra, at Mumbai i.e. September 7, 2016. The Offer less the Reserved Category would constitute the Net Offer. The Bid/Offer Opening Date is September 19, 2016 (Monday) and the Bid/Offer Closing Date is September 21, 2016 (Wednesday). The price band has been fixed between Rs 300 to Rs 334 per Equity Share.

The sole/First Bidder shall be an ICICI Bank Shareholder. Further, a bidder Bidding in the ICICI Bank Shareholders Reservation Portion (subject to the payment amount not exceeding Rs 200,000) can also Bid under the Net Offer and such Bids will not be treated as multiple Bids. To clarify, an ICICI Bank Shareholder Bidding in the ICICI Bank Shareholders Reservation Portion above Rs 200,000 cannot Bid in the Net Offer as such Bids will be treated as multiple Bids. Bids by ICICI Bank Shareholders not having a valid Client ID with an authorised depository participant (demat account), valid PAN and not having their PAN previously recorded with their Depository Participant/register of shareholders maintained with ICICI Bank are liable to be rejected. Further, multiple Bid-cum-Application Forms are liable to be rejected in the event (i) an ICICI Bank Shareholder holding multiple demat accounts makes such multiple applications and (ii) an ICICI Bank Shareholder, being first holder of a joint demat account makes such multiple applications individually and jointly. Pursuant to regulatory requirements, issuance of shares to successful bidders subject to other eligibility criteria being satisfied will be only in electronic form.

For further details in relation to the Reserved Category, you may please refer to "Offer Procedure - Bids by ICICI Bank Shareholders" on page 563 of the Red Herring Prospectus and for any details and assistance on the Reserved Category, please call ICICI Securities at 022-71840270 and 022-71840271.

is it mean that if i am ICICI BANK share holder i have option to apply in both catogary but amount should not be more than 2 lacs.

am i right??

plz reply

form also be different??

Yes this is what i understand from this mail... Share holder can apply in other category as well with max limit is 2L

I am thinking to apply for lower price band ie 300 Rs
Never saw any IPO has difference of 10% in lower and upper price band. I think if response is low than they may allot shares on lower price ie 300Rs. Any suggestions?

I think very risky bit becouse price band is very high...both ipo

Selllllerrrrrrr 17

Nothing left on table

ICICI Prudential Life Insurance Company - Allocation to Anchor Investors                   
                  
                  
1      Sundaram Mutual Fund      2,90,576      9.31%
2      Dsp Blackrock Focus 25 Fund       2,21,008      7.08%
3      Fil Investments (Mauritius) Ltd      2,09,296      6.71%
4      Blackrock India Equities (Mauritius) Limited      2,09,296      6.71%
5      Parvest Equity World Emerging      2,09,296      6.71%
6      Jp Morgan Funds      1,51,152      4.84%
7      Jp Morgan India Smaller Companies Fund      58,144      1.86%
8      Oaktree Emerging Markets Mauritius Holdings Limited      72,998      2.34%
9      Vanguard Emerging Markets Select Stock Fund      73,646      2.36%
10      National Pension Service Managed By Oaktree Capital Management L.P      1,90,604      6.11%
11      HDFC Trustee Company Limited      2,21,008      7.08%
12      ICICI Prudential Life Insurance Company Limited      2,17,808      6.98%
13      Canara Robeco Mutual Fund      2,21,008      7.08%
14      Tata Mutual Fund      1,45,344      4.66%
15      Integrated Core Strategies Asia Pte Ltd      83,248      2.67%
16      Indus India Fund (Mauritius) Limited      83,200      2.67%
17      Copthall Mauritius Investment Limited      2,44,176      7.83%
18      Macquarie Emerging Markets Asian Trading Pte Ltd.      58,192      1.87%
19      Morgan Stanley Mauritius Company Limited      1,60,000      5.13%
                  
                  
                  
      Total Allocation :- 31,20,000            
      Total Amount :- 268.32 Crores               

Sorry it''s " L&T Technology Services Ltd " - Allocation to Anchor Investors & Not ICICI Prudential Life Insurance

Okay thanks.

GNA Axles GMP 15-20.
Here is high chance of allotment. Better to apply in this IPO.

If you have funds then only go for IPL. Discount/Flat listing cannot be ignored.

Fund is not an issue...which issue can be given green signal & which red signal??

how can one sell application in kostak ?

Ya...they may give discount at last moment if response is not good. It is advisable to apply at Cut-Off rate

PRICE BAND IS 300-334. WHAT IS THE MEANING OF THIS. CAN THEY GIVE ANY DISCOUNT AT LAST MOMENT TO RETAIL INVESTOR ? ARE THEY WANT TO CHECK RESPONSE OF MARKET. AND AT LAST CUT-OFF RATE WILL HIT ONLY RETAIL INVESTOR.

icici bank share holder record date 7-9-2016 in demat holding not in margin or holding account for prefrencial allotment in icici pru.share issue

mene 7 sep ko buy kiye he to me 2 application bhar sakata hu?

While applying for shares through ASBA, it asks the category of applicant. You need to click one category among retail, HNI, employee etc and proceed.

GMP crashed. In Ahmedabad it is in range of Rs. 18 to 21,Kostak in range of Rs. 700 to 900

Broad calculation puts overall ICICI Pru valuation little less than 50,000 Cr, which in my view is in line ( in fact slightly lower ) than the valuation that HDFC - Max has been assigned; upward of 65000 Cr