ICICI Lombard General Insurance Company Ltd IPO Message Board (Page 41)

Same Icici prudential gave almost 50% return over one year. ????

So wait for one year to gain return of 50%

Rider your calculation is amazing LOL 50 % RETURN ??? CHECK THE ISSUE PRICE AND CURRENT PRICE

It touched 507 if i m not wrong

@sujee if I am not wrong on listing day of ICICI prudential there was surgical strike,
hence it is listed at discounted price

After that it has taken more then 6month to reach issue price

Hello bhai from which market you buy??How you buy& are you hold the shares in your demat a/c.

You are Buying unlisted Share you can''t sell before 1 Year

@Dinesh Ji....Under which provision..... I can''t sell my holding in the market after listing ....or before one time period as you mentioned in your post.

Wait till 1 year or pleadge this share to any where and take loan

this message is only for information
any shares bought before IPO are under lock in for 1 year and also you cannot pledge or take loan against the same
you only have the option to sell in the non traded market

As you have bought these shares before IPO or Listing the shares in market, and per my understanding you have bought these stuffs from ICICI Lombard Employee i.e in employee quota, (employees are smart enough they must have not told you the conditions or locking period associated with these shares) they have transfer the shares or may be the case would be differ, but one thing is common "You won''t be able to sale these shares before 1 year", these kind of shares itself have their own conditions and locking period, Otherwise before coming IPO everyone will approach like this.

So please be aware in future, I am not against you but 1 year is such a long period and we are kind of small investors, very first day we usually booked profit and left.

Thanks guys....

But can you please share in black and white....abt this rule or provision....because I have many unlisted shares in demat form...I searched on internet...... par kuch mila nahi...

Thanks in advance

Refer page 38 onwards

http://www.sebi.gov.in/sebi_data/attachdocs/1290060398656.pdf

I read provision .... this is applicable on direct allotment of shares by company to promoter group or any other investor while I bought these shares from one of these investor....so as per my understanding I can sell....

Please clear if I am wrong....

As per my understanding the provisions regarding lock-in vary depending upon the type of investor/promoter. In your case, i think you will also need to consider from which source your investor, from whom you have bought shares, have got shares.

see the footnote for section 4.14.1
''Substituted vide SEBI Circular No. SEBI/CFD/DIL/DIP/19/2006/31/3 dated March 31, 2006 for the following: “The entire pre-issue share capital, other than that locked-in as promoters’ contribution, shall be locked-in for a period of one year from the date of commencement of commercial production or the date of allotment in the public issue, whichever is later.''

What i felt after reading, as per section 4.14.1 along with footnote, this provision will also be applicable to other pre issue capital. Can you please clearify where it is mentioned that it is only applicable for direct allotment.

Yes SIr,,,you are right ... as I read it again ....I can not sell these shares for one year from the date of allotment in IPO.

Are you professionally qualified or very experienced in market.

well thanks for help.... I''ll sell all my holding in unlisted shares.....thanks again.

Thanks for your kind words but please do not call me sir. i am just a novice with mere 4 months experience in share market. whatever i know including last question regarding ipo, everything is what i have learnt from google/sebi/bse/other network sites. furthermore, whatever i have said is based on my own understanding of aforementioned doucments after serch.

PS: i would still advise you to confirm it with some legal luminary or expert before taking any professional decision.

In terms of regulation 37 of the SEBI (Issue of Capital and Disclosure
Requirements) Regulations, 2009, the entire pre-issue capital held by persons
other than promoters needs to be locked-in for a period of one year, subject to
certain exemptions provided thereunder including that for equity shares allotted
to employees under an employee stock option or employee stock purchase
scheme of the issuer prior to the initial public offer.

Read regulation 37 for more understanding. http://www.sebi.gov.in/sebi_data/commondocs/icdrFeb2016_p.pdf

Earlier It was clarified by circular but now the same has been incorporated in the regulation 37.

Do not close SB account in ICICI. Open trading account in ICICIDIRECT which is the best and most user friendly. You can link your ICICI SB account with it.