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ICICI Prudential Life Insurance Company Ltd IPO (ICICI Prudential Life IPO) Detail

Sep 19, 2016 - Sep 21, 2016

Incorporated in 2001 as a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited, ICICI Prudential Life Insurance Company Ltd is a Mumbai based largest private sector life insurer in India. Information in this paragraph is provided by chittorgarh.com, India's No. 1 IPO Investment Portal.

ICICI Prudential Life offer a range of life insurance, health insurance and pension products and services to its customers. ICICI Prudential offers the products and services through an extensive multi-channel sales network across India, including through the branches of bank partners, individual agents, corporate agents, employees, offices and its website.

Company has a market share of 11.3% on a retail weighted received premium basis in India. Among the 23 private sector life insurance companies in India, Company has a market share of 21.9% on a retail weighted received premium basis. Visit chittorgarh.com for more detail.

IPO Highlights (As of March 31, 2016):


1. ICICI Bank owns 68 percent of the company and selling 12.65% stake though this IPO.
2. At the upper end of the price band, IPO will raise over Rs 6000 Cr.
3. Britain's Prudential PLC, which owns nearly 26% of the company, is not selling any of its stake in the IPO.
4. Company has 121,016 individual agents and over 4,500 branches with Bank partners.
5. Gross premium income was Rs 191.64 billion
6. Company have 1.04 trillion of assets under management, making them one of the largest fund managers in India.

Competitive Strengths:


1. Consistent Leadership across Cycles
2. Delivering Superior Customer Value
3. Diversified Multi-channel Distribution Network
4. Leveraging Technology
5. Robust and Sustainable Business Model
6. Strong Brand
7. Experienced Senior Management Team

Company Financials:

Summary of financial Information
Particulars For the year/period ended (in Rs. Million)
31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12
Total Assets 1,025,637.0 990,573.2 801,027.5 740,839.2 716,880.0
Total Revenue 18,122.4 16,775.5 16,607.1 21,910.5 18,244.6
Profit After Tax (PAT) 16,527.2 16,403.5 15,613.5 15,154.1 13,856.9

Objects of the Issue:

The objects of the Offer are (Information partner: chittorgarh.com, India's No 1 IPO Investment Portal)

1. To achieve the benefits of listing the Equity Shares of the Company on the Stock Exchanges and
2. To carry out the sale of up to 181,341,058 Equity Shares by the Selling Shareholder.

Issue Detail:

  »»  Issue Open: Sep 19, 2016 - Sep 21, 2016
  »»  Issue Type: Book Built Issue IPO
  »»  Issue Size: 181,341,058 Equity Shares of Rs 10 aggregating up to Rs 6,056.79 Cr
    ›  Offer for Sale of 181,341,058 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 300 - Rs 334 Per Equity Share
  »»  Market Lot: 44 Shares
  »»  Minimum Order Quantity: 44 Shares
  »»  Listing At: BSE, NSE

ICICI Prudential Life IPO Reviews:

  1. ICICI Prudential Life Insurance Company Ltd IPO review by Dilip Davda

ICICI Prudential Life IPO Recommendations:

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Issue Subscription Detail / Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & TimeQIBNIIRIIOthersTotal
Shares Offered / Reserved32,641,39124,481,04357,122,43418,134,105132,378,973
Day 1 - Sep 19, 2016 17:00 IST0.06000.04000.25000.20000.1600
Day 2 - Sep 20, 2016 17:00 IST0.59000.15000.65000.48000.5200
Day 3 - Sep 21, 2016 17:30 IST11.833028.55361.420012.204110.4800

ICICI Prudential Life IPO Prospectus

ICICI Prudential Life IPO Rating

1549
4.1
Rating:Rated 4.1 stars

Vote Here ...

ICICI Prudential Life IPO Listing Date

  •   ›  Listing Date: Thursday, September 29, 2016
  •   ›  BSE Script Code: 540133
  •   ›  NSE Symbol: ICICIPRULI
  •   ›  Listing In: 'B' Group of Securities
  •   ›  ISIN: INE726G01019
  •   ›  Issue Price: Rs 334 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
BSE
Rs 334.00
Rs 329.00
Rs 295.50
Rs 333.90
Rs 297.65
12,720,399
NSE
Rs 334.00
Rs 330.00
Rs 295.15
Rs 333.90
Rs 297.55
89,058,658

ICICI Prudential Life IPO News Alerts

  1. Tuesday, September 27, 2016 12:00:00 AM
    Allotment Status - ICICI Prudential Life IPO
  2. Wednesday, September 21, 2016 2:29:02 PM
    ICICI Pru Life Ins IPO Final Bidding Info
  3. Wednesday, September 21, 2016 12:00:00 AM
    ICICI Prudential Life IPO - Close
  4. Monday, September 19, 2016 12:00:00 AM
    ICICI Prudential Life IPO Open

Company Contact Information

ICICI Prudential Life Insurance Company Ltd
ICICI PruLife Towers,
1089, Appasaheb Marathe Marg,
Prabhadevi, Mumbai 400 025
Phone: +91 22 4039 1600
Fax: +91 22 6662 2031
Email: investor@iciciprulife.com
Website: https://www.iciciprulife.com/

ICICI Prudential Life IPO Registrar

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ICICI Prudential Life IPO Review / Comments

avatar
1566. SHAH JEENENDRA  Nov 10, 2016 4:26:52 PM IST I Like It. | Report Abuse
Dear Septa ,gamble , Egaleye

Can you Advice me can i hold or Sell ICICI Prudential Life Insurance Company Ltd IPO ??

you suggestion is valuable for me



avatar
1565. Vikki The BOSS  Nov 9, 2016 12:12:02 PM IST I Like It. | Report Abuse
Any update friends when it ICICI Prudential will grow...
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1564. bangalore king  Nov 7, 2016 8:01:45 AM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts)
BOFA ON ICICI PRU LIFE: ET NOW

initiate coverage with buy; target at `370

Co''s self-course correction after key sectoral regulatory changes has resulted in return of growth

Parent ICICI Bk''s sustained rise in own distribution has resulted in I-Pru''s growth model becoming more quality oriented

peg fair value at 3.1xFY18 embedded value (EV)

See sustainable RoEV of 17%, long term growth of nearly 10% and cost of equity of 12.3%

Drivers: favorable shift in market share; faster growth; rising persistence and margin profile
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1563. Carn Mohan  Nov 5, 2016 5:52:55 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts)
ICICI is poor company at ₹ 334/
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1562. P.D.PATEL  Nov 4, 2016 10:57:10 AM IST I Like It. 1 | Report Abuse
Kya kare ICICI Pru life ka??

Hold ya sell??
avatar
1561. indrajeet raje  Nov 4, 2016 9:18:01 AM IST I Like It. | Report Abuse
Anybody gets dividend for this share?
avatar
1560. Carn Mohan  Nov 3, 2016 7:58:53 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts)
Retailers is may subsay jiyada loota.
avatar
1559. Rkkedia  Nov 3, 2016 12:08:54 PM IST I Like It. | Report Abuse
egaleye gi plz your view now on
icici pru life share.
avatar
1558. bangalore king  Nov 2, 2016 11:52:43 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts)
Multi-year improvement in
profitability; initiate at
Overweight ... MORGAN STANLEY INDIA COMPANY

A balanced distribution mix, rising protection mix, and
improving persistency/costs will lead to multi-year
improvement in profitability, even as higher focus on ULIP
could keep growth volatile. This should drive a strong 40%
VNB CAGR during F16-19, which justifies premium valuations.
Market leader with sharp improvement in key operational metrics: We have a
positive view on Indian life insurers with strong distribution and good operational
metrics. ICICI Prudential Life Insurance (IPru) is one such strong franchise, helped
by its well-balanced distribution mix (including a captive bank tie-up with ICICI
Bank) and a sharp improvement in cost and persistency ratios in recent years.
We estimate a strong 17% premium CAGR in F16-19...: IPru has a high focus on
selling unit-linked insurance products (ULIP, 80% of its premiums, 35% industry
share) in relatively high income segments. This would drive growth amid
improving equity and debt market conditions. ULIPs, over the medium term,
compete well with mutual funds because of expense loadings declining to levels
even below what regulations allow.
...and a strong 6ppt improvement in margins to 14% by F19...: Despite industryleading
persistency and cost ratios, IPru''s margins have been lower than peers''.
We expect the gap to narrow in F17-19 because of a rising share of protection mix,
improving persistency ratios, and higher economies of scale.
...justifying premium valuations: Our price target of Rs365 implies 2.9x December
2018 EV and 18% upside potential, driving our Overweight rating. While
valuations are significantly higher than regional peers'', we believe this is justified
by IPru''s superior operational metrics and distribution tie-ups (allowing it to gain
market share and improve profitability in still nascent Indian insurance market),
fast growing protection premiums, low balance sheet risk and high capital. Key
catalysts include strong growth in protection premiums and continued strong
equity market performance.
Key downside risks include: 1) weak equity markets; 2) more competition in the
protection business; 3) weaker persistency ratios; 4) a potential tie-up by ICICI
Bank with other insurers; and 5) an increase in corporate income tax rates.
avatar
1557. bangalore king  Nov 2, 2016 10:58:13 AM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts)
MS On ICICI Pru:

Initiate Coverage With Overweight; Target At Rs365/Sh; Stock Will See A Multi-year Improvement In Profit
avatar
1556. s.selvam  Oct 29, 2016 8:36:50 PM IST I Like It. | Report Abuse
THOUGH I HAVE SOLD ALL MY SHARES ON FEAR SOME PEOPLE HAVE INFORMED IN MONEYCONTROL FOR THE PAST 3 DAYS THE THE DELIVERY VOLUME IS ENCOURAGING .I DO NOT KNOW THE FUTURE PROSPECT.MOREOVER I AM SHORT TERM INVESTOR.ONLY.HENCE I HAVE SOLD ALL MY SHARES. EXPERTS IN THIS FORUM ONLY CAN TELL THE RIGHT PATH.
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1555. Anil vanparia  Oct 28, 2016 2:29:50 PM IST I Like It. | Report Abuse
egaleye gi plz your view now on
icici pru life share
avatar
1554. s.selvam  Oct 28, 2016 12:15:35 PM IST I Like It. | Report Abuse
OH I HAVE TODAY SOLD ALL 176 SHARES AT RS.311.5 INCURRED A LOSS OF RS.4000/-.ONE OF THEM COMMENTED AS A SLOW POSIION IN MONEY CONTROLCOM.TO AVOID FURTHER EROSION OF CPITAL I HAVE SOLD ALL MY SHARES.WHATEVER I GET PROFIT IN ENDURANCE TECHNOLOGY I HAVE LOST IN THIS COUNTER.THANK U ICICI PEROPLE WHO COMPELLED ME TO APPLY THIS IPO
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1553. s.selvam  Oct 27, 2016 3:37:33 PM IST I Like It. | Report Abuse
I do not know the future but one of the worst stock in the recent ipos listing . which has not even achieved the offer price but that too even nearly one month.i do not know whether I have to sell at Rs.300/-
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1552. DESTINY  Oct 27, 2016 9:59:46 AM IST I Like It. | Report Abuse
Please suggest ICICIPRULI Hold or Sell.if hold then how long?
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1551. Ravi Shah  Oct 26, 2016 6:30:18 PM IST I Like It. | Report Abuse
When is Dividend? How much is dividend?
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1551.1. gamble  Oct 26, 2016 8:12:48 PM IST I Like It. | Report Abuse
IPO Guru IPO Guru (1300+ Posts, 1300+ Likes)
2/11
1.75 RS per share
avatar
1550. Carn Mohan  Oct 25, 2016 9:24:22 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts)
Very good result blast any time.
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1550.2. P.D.PATEL  Oct 26, 2016 9:50:02 AM IST I Like It. | Report Abuse
Sir it is going down.....

Now what ??
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1550.3. P.D.PATEL  Oct 27, 2016 7:05:25 PM IST I Like It. | Report Abuse
Sir Plz tell
When the blast come in ICICI Pru life???
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1549. Akhu  Oct 25, 2016 7:18:38 PM IST I Like It. | Report Abuse
Good results...may be 340 tomorrow
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1549.9. DESTINY  Oct 27, 2016 8:15:20 PM IST I Like It. | Report Abuse
Patel ji blast to kiya hay lekin down side.god knows when its blast up side
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1549.10. Akhu  Oct 27, 2016 10:38:34 PM IST I Like It. | Report Abuse
Brothers now I can say there is no performance only betting in share market where innocent small investors like us trapped by big corporate houses ..by having good results it went down...me too had 12 lots in my stock...in which 2 sold at 331 ...now having 10 lots..!!
avatar
1548. gamble  Oct 25, 2016 5:50:14 PM IST I Like It. 4 | Report Abuse
IPO Guru IPO Guru (1300+ Posts, 1300+ Likes)
Refer for IPL

355. gamble Oct 25, 2016 5:48:45 PM IST | | Reply
Icici prudentiA

Dividend 77 rs per lot of 44 share

Total income ...........
9144 vs 8884(qoq) vs 4633(yoy)

PAT........
418.7 vs 404.9(qoq vs 414.9(yoy)

Eps........
2.92 vs 2.82(qoq vs 2.89(yoy)


Tgt 380 on or before Uttrayan ....!!
avatar
1547. Share View  Oct 25, 2016 3:17:40 PM IST I Like It. 1 | Report Abuse
Anybody remembered Repco Home Finance IPO ?

Despite of good fundamentals and subscribed fully, Listed at 5 % Discount .
Technically also sounds good as Housing Finance Sector at that time too was very bullish.Now trading at par with PNB HF.
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