ICICI Prudential Life Insurance Company Ltd IPO Message Board (Page 74)

Premium 19-20

ICICI PRU Upper band is 334/- Issue 19-21 Sept.

Thanks sir for giving valuable information
See you on board after long time

Source ??

Record date for icici share ?
And ratio for allotment
Mean how many icici bank share needed for allotment of Pru share.
Is there any ratio of icici bank and Pru share ?

Actual price band is left to ICICI PRU to reduce the number of shares however not change the total collection that is 5000 cr also they cannot issue more then 118 Cr plus shares to get to 5000 cr . So icici bank can go maximum of 5000 crs however they can reduce the number of shares and get price band as the wish. Anyway lets just wait and see what is final price


One more issue is insurance will get dearer with GST from present 15% to 22% tax which is almost 50% jump which could have adverse effect

IMO EV of 2.8 is fair given however this hdfc and Max deal has put a spanner in the works however given the forth in the market and high liquidity market

let wait for news before jumping to conclusion

Sirr insurance companies have compensation scheme and so they charge lower service tax and samre benefit will be provided for in gst

Present service tax rate is as follows
Term insurance premium      15%
ULIP charges      15%
Health insurance premium      15%
Rider Premium      15%
Annuity: Single Premium      1.5%
Endowment: First year premium      3.75%
Endowment: Renewal premium      1.875%

With regards to effect on GST the insurance governing body has done a study in which it found it will have adverse effect in fact the data shows and insurance industry believes that higher tax rate will have a negative impact on the insurance industry. Life insurance penetration has shown negative growth over the last few years. It has 4.6% in 2009 to 2.6% in 2016.

With minimum 300 basis points which can go upto 700 Basis point will certainly have effects

IMO issue price is very rich compare to international big life insurance company 30 PE is very rich valuation. However the issue will be lapped up we are in IPO bull run in such a market valuation is last thing market will consider .

the upside will be limited and if market corrects it could list at discount.

The high valuation of the IPO is more to HDFC and Max merger which valued the combined entity at 65000 cr on a NP of 1400 Cr

ICICI Pru profit is around 1650 Cr

If HDFC and Max merger did not happen we could have seen the price band at least 20% cheaper

I am holding 34 shares of icici bank from last 6months with discounted broker demat A/C and they doesn''t offer a service for ipo and I have a bank A/c and another demat A/c with icici.So,in this case can i apply under reserve category with icici demat A/c.

1100
rs application

Yes,simple calculation

50000000000/ 181341058== 275.72

So should b and must b @275 ..not more than that..!!(kostak,gmp all running @hypothetically taken price of 275)

If take 300 then issue shuld b 5440cr.

some of the people''s r fool here.........how can price band be 300 rs they got SEBI approval for only 5000 crore for some 183400000...shares.....so max the price will not above 272 rs .......

can any one tell me the record date for icici bank shareholder

SEBI does not give approval for amount...Company is free to decide it...Time will tell, who is fool

ICICI Prudential Ltd IPO Update:

Opens on: 20/09/2016
Closes on: 22/09/2016
Price Band: 272-275
Bid Lot: 50 Equity Share

Allocation: QIB-50%, HNI - 15% & Retail - 35% (10% Reservation for ICICI shareholders)

Lead Banker: ICICI Securities

Application Amount : 13750/-

Still price band is not decided.

l&T ipo Ka Fund ICICI Prudential me aa jayega...???

Ha bhai chalega

thank Sunil Patel.

Not sure what will be the price as i said earlier if the price band is 275 then it is good upside however the news flowing in Grey market the issue price will be Rs 330 to 350. and the argument is ICICI Pru has given better bottom lines then the bottom line hdfc and max together
I will just wait for the price band before any recommendations with regard to prudent action.

@Septa - Thanks to your inputs, I bought some Federal bank stock and was able to compensate few of my losses earlier. Is it good time to exit Federal bank?

what is the premium of ICICI pru.

Septa ji find fair value with formula

Price Band will 320 330. Nothing much left. MC 50000 CRORE.

Costly Ipo Arjunji @334

Price band for ICICI Pru IPO will be ~330-335. You will hear this news officially soon.
At this price band also valuations are very compelling (M. Cap of less than 50k crore for ICICI Pru) as compared to listed entity Max Financials, which is going to be merged with HDFC Life (M.Cap of more than 70k crore for HDFC+Max). Both of these entities (ICICI , HDFC+Max) have similar market share. Moreover, PAT of ICICI Pru in FY16 was 1.6k as compared to Max+HDFC Life combined PAT of 1.4k. With these facts, you can decide the fate of this IPO and listing yourself.

If that is the case, will it leave something for investors. U look familiar... but with new id.

Icici pru, as i understand is yet to declare price band & dates, better to wait till then.

What is the record date for being considered eligible as icici bank shareholder ?

2nd sept

How can you say 2nd sept ? which source

Anybody knows have ROC filed for ICICI Pru ? and date if you know??

Ahmedabad

ICICI PRU
GMP 37 - 39
KOSTAK - 1600 - 1650

L&T
GMP 92 - 95
KOSTAK - 500 - 525

Which city bro?

Pl dont post fake rates.
GENUINE rate 900 buyer.

Hi everyone,
Here is one issue, where Investors can apply for higher lot size (Eg. leverage Retail application limit of 2 lakhs) and get higher allotment chances, as the no. of retail subscription is very low, so if anyone is positive about the issue, they should go beyond one lot size which we were all following for all the issues. Cheers