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ICICI Lombard IPO is a book built issue of Rs 5,700.94 crores.
ICICI Lombard IPO bidding started from September 15, 2017 and ended on September 19, 2017. The allotment for ICICI Lombard IPO was finalized on Friday, September 22, 2017. The shares got listed on BSE, NSE on September 27, 2017.
ICICI Lombard IPO price band is set at ₹651 to ₹661 per share. The minimum lot size for an application is 22 Shares. The minimum amount of investment required by retail investors is ₹14,542.
Clsa India Private Limited, Edelweiss Financial Services Ltd and Jm Financial Limited are the book running lead managers of the ICICI Lombard IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to ICICI Lombard IPO RHP for detailed information.
| IPO Date | September 15, 2017 to September 19, 2017 |
| Listing Date | September 27, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹651 to ₹661 per share |
| Lot Size | 22 Shares |
| Total Issue Size | 86,247,187 shares (aggregating up to ₹5,700.94 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 453,948,304 |
| Share holding post issue | 453,948,304 |
ICICI Lombard IPO offers 61,666,740 shares. 16,386,966 (26.57%) to QIB, 12,290,225 (19.93%) to NII, 28,677,190 (46.50%) to RII. 1,303,508 RIIs will receive minimum 22 shares and (sNII) and (bNII) will receive minimum 308 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 16,386,966 (26.57%) | NA |
| NII (HNI) Shares Offered | 12,290,225 (19.93%) | |
| Retail Shares Offered | 28,677,190 (46.50%) | 1,303,508 | Other Shares Offered | 4,312,359 (6.99%) | NA |
| Total Shares Offered | 61,666,740 (100%) |
ICICI Lombard IPO opens on September 15, 2017, and closes on September 19, 2017.
| IPO Open Date | Friday, September 15, 2017 |
| IPO Close Date | Tuesday, September 19, 2017 |
| Basis of Allotment | Friday, September 22, 2017 |
| Initiation of Refunds | Monday, September 25, 2017 |
| Credit of Shares to Demat | Tuesday, September 26, 2017 |
| Listing Date | Wednesday, September 27, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 19, 2017 |
Investors can bid for a minimum of 22 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 22 | ₹14,542 |
| Retail (Max) | 13 | 286 | ₹189,046 |
| Lot Size Calculator | |||
Incorporated in 2000, ICICI Lombard General Insurance Company Ltd founded as a joint venture with ICICI Bank Limited, is engaged in providing various general insurance products and services in India. They mainly offers fire, engineering, hull, aviation, motor, casualty, health, travel, energy, personal accident, marine, liability, home, rural, and credit insurance products and services.
They also provides reinsurance, insurance claims management, and investment management services. They were the largest private sector non life insurer in India based on gross direct premium income in fiscal 2017. They offer comprehensive and well diversified range of products including motor,health, crop/weather, fire, personal accident, marine, engineering
and liability insurance through multiple distribution channels.
They provide services to conglomerates, small and medium enterprises, state and central governments or government-owned enterprises, rural customers, and individual customers through various channels, such as agents, brokers, bancassurance, telesales, direct alliances and online platforms.
Competitive Strengths
1. Consistent market leadership and demonstrated growth
2. Diverse product line with multi - channel distribution network
3. Robust risk selection and management framework
4. Focus on investments in technology and innovation
| Particulars | For the year/period ended (in Rs. million) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 48,885.8 | 35,445.0 | 32,414.2 | 25,070.8 | 20,290.5 | |
| Total Revenue | 9,836.5 | 7,242.2 | 7,424.4 | 5,563.1 | 4,162.1 | |
| Profit After Tax | 6,418.2 | 5,053.4 | 5,853.2 | 5,200.7 | 3,527.8 | |
The objects of the Offer are:
1. To achieve the benefits of listing the Equity Shares of the Company on the Stock Exchanges;
2. To carry out the sale of up to 86,247,187 Equity Shares by the Selling Shareholders; and
3. Enhance the “ICICI Lombard” brand name and provide liquidity to the existing shareholders.
[Dilip Davda] ILGI is set to gain first mover fancy in the sector post listing as many more companies in this segment are lining up for maiden offers going forward. Issue appears to be fully priced. Future for this segment is bright. Considering all these aspects, investment for long term may be considered. Read detail review...
The ICICI Lombard IPO is subscribed 2.98 times on September 19, 2017 5:00:00 PM. The public issue subscribed 1.23 times in the retail category, 8.17 times in the QIB category, and 0.83 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 8.17 |
| NII | 0.83 |
| Retail | 1.23 |
| Others | 0.99 |
| Total | 2.98 |
| Listing Date | September 27, 2017 |
| BSE Script Code | 540716 |
| NSE Symbol | ICICIGI |
| ISIN | INE765G01017 |
| Final Issue Price | ₹661 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹661.00 |
| ₹650.00 |
| ₹638.15 |
| ₹694.00 |
| ₹681.55 |
| NSE |
|---|
| ₹661.00 |
| ₹651.10 |
| ₹638.65 |
| ₹694.00 |
| ₹681.20 |
ICICI Lombard General Insurance Company Ltd
ICICI Lombard House,
14, Veer Savarkar Marg, Near Siddhivinayak Temp.
Prabhadevi, Mumbai 400 025
Phone: +(91 22) 6196 1100
Email: investors@icicilombard.com
Website: https://www.icicilombard.com
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
ICICI Lombard IPO is a main-board IPO of 86,247,187 equity shares of the face value of ₹10 aggregating up to ₹5,700.94 Crores. The issue is priced at ₹651 to ₹661 per share. The minimum order quantity is 22 Shares.
The IPO opens on September 15, 2017, and closes on September 19, 2017.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The ICICI Lombard IPO opens on September 15, 2017 and closes on September 19, 2017.
ICICI Lombard IPO lot size is 22 Shares, and the minimum amount required is ₹14,542.
You can apply in ICICI Lombard IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for ICICI Lombard IPO will be done on Friday, September 22, 2017, and the allotted shares will be credited to your demat account by Tuesday, September 26, 2017. Check the ICICI Lombard IPO allotment status.
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